Member Info for Max111

RESULT OF AGM

Alien Metals Ltd (LSE AIM: UFO), a global minerals exploration and development company, is pleased to announce that at the Annual General Meeting held earlier today, all resolutions were duly passed.

https://www.londonstockexchange.com/news-article/UFO/result-of-agm/16152911

The results of the AGM poll will be RNSd soon. Very interesting to see the support for the BOD.

The impatient shareholders sold a few weeks ago before they could vote and their shares got accumulated by the strong believers. Those shares aren't coming back on the market.

Just got to take advantage of the disconnect.

I bought another chunk this morning and will keep adding to production.

Good to see the Sourcing and Origination Manager, Iron Ore at Anglo American gave UFO's LinkedIn post a Clap/Celebrate emoji :)

https://www.linkedin.com/posts/alienmetals_alienmetals-ironore-mining-activity-7114883475467296768-6bRV?utm_source=share&utm_medium=member_desktop

Shows his level of interest in the project.

Also other key people liked the post:

Eg Trader (Iron Ore) at Trafigura. Trafigura is a leading supplier of high-quality iron ore to the global steelmaking industry.

Landside Coordinator at Pilbara Ports.Confirms UFO's relationship with Pilbara ports. Think Bunker space :)

This is where Troy & Alwyn's contacts come in to play.

alien metals granted miscellaneous licence for han**** project

https://twitter.com/directors talk/status/1709449700741636407

miscellaneous licence granted and access secured for han**** project

https://www.londonstockexchange.com/news-article/ufo/miscellaneous-licence-granted/16151637

I don't think this sentence got much attention today:

"The miscellaneous licence provides the Company necessary tenure to construct essential infrastructure (subject to FID) for road access from the Great Northern Highway to the proposed mine site."

This is what unlocks not only Hanc0ck, but also Min Res's 124Mt Sirius deposit. Great achievement.

Also significant potential for additional iron ore discoveries since ridges continue into Mallina for several kilometers and IMO the little green box has lots of potential with the Sirius Iron Ore ridge going straight through the centre of it.

The Heritage Agreement will be approved on Hanc0ck once DFS is completed soon by Mining Plus. KNAC & IOCA are currently in negotiations, so will set a fair royalty after DFS.

Very exciting to see UFO transitioning from explorer to miner.

Alien Metals inks heritage agreements over Hanc0ck project

https://www.sharecast.com/news/aim-bulletin/alien-metals-inks-heritage-agreements-over-hanc0ck-project--14854306.html

"Alien Metals is pleased to announce its subsidiary company Iron Ore Company of Australia has executed Heritage Agreements with the Karlka Nyiyaparli Aboriginal Corporation RNTBC.

CEO, Troy Whittaker said:

“The Company and its Board would like to thank the Karlka Nyiyaparli Aboriginal Corporation and its Board of Nyiyaparli Directors for their support in reaching this significant milestone regarding the relevant Licences".

https://twitter.com/AlienMetals/status/1709117836038222100

Vox Markets Tweet:

"We are delighted to have signed the HPAs as they will further advance the approvals pathway and in the long-term".

@AlienMetals

#UFO - Heritage Agreements signed for Hanc0ck Project

https://twitter.com/VOXmarkets/status/1709099020365250887

https://twitter.com/VOX markets/status/1709099020365250887

@Metalhead25, you are not the only one that can read.

Game changing news today.

Everything will fall into place and progress nicely. Troy executing and doing what he said he will do. Big move up now.

Directors Talk Tweet:

Alien Metals Heritage Agreements signed for Hanc0ck Iron Ore Project

https://twitter.com/Directors Talk/status/1709088843549585625

https://twitter.com/Directors Talk/status/1709088843549585625

heritage agreements signed for han**** project

https://www.londonstockexchange.com/news-article/ufo/heritage-agreements-signed-for-han****-project/16149760

Northstar with over 80k followers approves of this message :))

"Bodes well for the best #silver junior on LSE=#UFO #AlienMetals which💯% own Tier1 Australia's highest-grade silver mine🥈"

https://twitter.com/NorthstarCharts/status/1707743757200662844

Good work Hindesight. This was the little green box above Hanc0ck. On it's own, isn't much of a gamechanger in the short-term. However, as Allwinners pointed out, it looks like the Iron Ore bed from Sirius goes right through the center of it.

Can see a pic here:

https://www.londonstockexchange.com/news-article/UFO/renegotiation-of-mallina-acquisition/15944642

The fact that KNAC put the objection on the tenement and now objection was withdrawn to me shows there is some movement now & progress in background.

No objections on Main Hanc0ck, so just a matter of time.

The transformational Onslow Iron project will unlock billions of stranded iron ore from the west Pilbara region, using world-first autonomous road trains and innovative transhippers:

https://www.youtube.com/watch?v=HjJDmqOqQeM

MinRes allow 3rd Party ore on all their infrastructure.

UFO contractors just need to deliver to MinRes autonomous road trains from Brockman site nearby with an estimated exploration target of 233Mt.

RNS 24th October 2022 stated: "Discussions ongoing with several strategic partners on the Company's other iron assets."

@Chris2, why is that?

6 month cash burn was US$1.6 million.

UFO just raised £2M (US$2.5M) Plus some of the $1M loan.

A slow cash burn now with a small team and no more drilling. As Troy said. "Funds gets us through to Final Investment Decision. The production capital will be a separate funding scenario."

https://www.youtube.com/watch?v=MbyiFaspyhg

*(£1.5M+$.05M+£2M= ~US$5M)

Capex is tiny for a mining project. This is not an issue.

Looking forward to the DFS being announced soon which will prove the Scoping Study.

Cash burn is actually much better than I envisaged. US$1.6 million in last six months.

UFO just raised £2M (US$2.5M) Plus some of the $1M loan.

With a slow cash burn now & small team with no more drilling, then Troy is right. "Funds gets us through to FID.

The production capital will be a separate funding scenario."

Already raised much of the US$5M for the Hanc0ck deal over past year. (£1.5M+$.05M+£2M= ~US$). The deal required it to already be utilized, not give provide on signing deal:

"Conditions precedent:

New equity raised by Alien, and evidence that such amount has been utilized for Hanc0ck in this case, of US$5 million"

"as seen via the announcements that we have put out on han**** over the past few months, we are nearing production status at the site which will be transformative for the company once we finalise this."