RE: 1213 Dec 2022 18:43
Wow, fantastic article base_jumber. Addresses a lot of investor questions.
Some important snippets:
"With a new Chairman, increased management shareholding and a potential funding and offtake agreement with Anglo American, Alien Metals is targeting having the first shipments leave its Hanc0ck project in 2023."
"8 years of mine life however the scope to increase this beyond 30 years is clear as iron ridges extend along a total strike length of more than 80kms combined."
"The Company believes there is huge upside potential with the majority of the tenement (10s of kilometres) yet to be drilled that the Company believe will significantly increase the resource of the tenement as a whole."
"Scoping Study of the Han**** tenement demonstrated that the asset has excellent project economics and could be advanced easily...Exceptionally low strip ratios"
NOTE: "capital requirements expected to be ultimately less than US$20m"
"the acquisition of tenement E47/3752 giving it direct access to the Northern Highway (the only project in the local area with access)."
"execution of a MOU with Element 25 for an initial 600,000t bunker allocation at Utah Point."
"Alien Metals are targeting being shovel ready late Q2 2023."
Brockman: "Drilling is thus planned to commence in 2023 after initial sampling returned DSO grade results as high as 65.4% Fe with low impurities."
"The Munni Munni PGM project, acquired by Alien earlier in the year, is one of the largest undeveloped PGM resources in Australia...there is huge potential for further resource expansion."
Elizabeth Hill, "Company reinterpretation of historical information suggest that the mineralised envelope could be considerably larger and higher grade than previously thought."
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