RE: RNS23 May 2024 13:08
Alien Metals engaged consultants to review the Munni Munni PGM project during the period with a view to potential joint venture funding to enable the project to progress. The project area contains a historic JORC 2004 compliant resource of 24 million tonnes @ 2.9 grams per tonne ("g/t") PGM and gold for 1.14 million ounces ('moz') palladium ('Pd'), 0.83 moz Pt ('platinum'), 152 thousand ounces ("koz") Au ("gold") and 76 koz Rh ("rhodium"). Potential exists for a much larger, high value, multi-commodity resource, many of which appear on critical mineral lists. Munni Munni represents one of the largest undeveloped primary PGM Resources in Australia. Alien Metals newly appointed Board member, Robert Mosig, has intimate knowledge of this project and will assist in development of plans to extract value.