News coming soon DYOR4 Sep 2020 15:57
For potential new investors looking for the first time below is a selection of news updates we are expecting. Please read the RNS updates in July and August for full content.
Maiden Exploration Targets Identified at Hamersley Iron Ore Projects
Extensive data review of the Hamersley Iron Ore Projects, including the generation of Maiden Exploration Targets and proposed next step exploration plans.
Technical Director Bill Brodie Good said: "The Company is extremely pleased with the results and findings of the detailed data compilation, which helped identify maiden Exploration Targets for the Brockman Iron and Han**** Ranges projects. The field work undertaken last year replicated the high-grade DSO results previously recorded at the projects; our next objectives are to carry-out further exploration work, including a maiden drilling programme, to convert the Exploration Targets into JORC resources.
Donovan2
Alien Metals Ltd ("Alien Metals" or "the Company"), a minerals exploration and development company, is pleased to announce the appointment of IBK Capital Corp ("IBK Capital") to assist Alien Metals with the project level funding and joint venture process for its Donovan 2 Copper-Gold project in Mexico.
Alien Metals has been in discussions with several mining companies who have declared an interest in a joint venture partnership for the Donovan Project. The Company considers the appointment of a North American investment bank such as IBK Capital, with their extensive experience of such transactions, to be a prudent step in maximising the value of the project for all parties.
Elizabeth Hills
Working with the advisors of Karratha Metals Group Limited ("KMG"), the current owner of the Project, to effect completion of the acquisition as soon as possible. KMG will be despatching a notice of meeting to its shareholders to approve the sale of Elizabeth Hill to Alien Metals. The expected meeting date is for mid-September, with completion of the acquisition to take place shortly thereafter.
Bill Brodie Good, Technical Director of Alien Metals, commented: "The Company is eager to complete the acquisition of Elizabeth Hill as quickly as possible. Importantly, we have been continuing our data compilation and planning upcoming work programmes, including the submission of a POW to undertake an initial trenching programme at Elizabeth Hill combined with some more detailed mapping and surface sampling.
"Elizabeth Hill is a very high-grade silver project in a tier 1 jurisdiction. Mining ceased in 2000 when silver dropped to 4 USD an ounce, so with current silver prices of over 28 USD and the remaining potential we believe to exist we are excited about the prospects of fast-tracking work at the Project."
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