RE: Can someone clarify.21 Jun 2021 10:46
Anything above 52% Fe is direct ship (no processing just dig and ship)
60%+ (rio and bhp style grades) fetching $200/t plus or minus.
Lets do the sums
Fennix 10mt = $150m ($15 per resource tonne valuation)
Alien still has km to drill on Han**** - over 4 new DSO zones discovered
Sirius confirmed to have a resource
What about Brockton (ex BHP deposits) - still to be drilled
Worth looking at potential valuation of the Fe plus the highest grade silver mine in Australia (shortage of silver now at the Mint) and mexico silver, and drilling at Cu-Au project!
more drilling = more news = potential discoveries we know what happens to share prices then
Artitlce from A Ford - summary of today's results
Alien Metals returns high grade XRF results from latest round of drilling at Han****
Alien has a diverse portfolio of assets in Mexico and Australia
Alien Metals Ltd -
Alien Metals Ltd (LON:UFO) has completed its Phase 2 drilling program on the Han**** tenement, which is part of the Hamersley iron ore project in Western Australia.
The program targeted three main direct shipping ore (DSO) zones identified in the maiden drill program, which intersected high grade DSO mineralisation.
Around 2,175 metres of drilling was completed, with excellent hand held portable XRF results across all targets.
On the Sirius Extension, which adjoins the Sirius iron ore project held by Brockman Mining, significant pXRF readings were returned, including 23 metres grading 60.5% iron, 28 metres grading 60.5% iron.
High grade returns were also delivered at Ridge C and Ridge E, and significant strike lengths established.
"Being able to retain the same drill rig and crew for this critical second phase of drilling, particularly when there is such a high level of demand in WA, was a great coup for us and we are delighted to have completed this second phase so quickly after the first,” said Alien chief executive Bill Brodie Good.
"We now hope to be in a position to produce a maiden inferred resource on the Sirius Extension prospect and subsequently plan some further pinpoint drilling in order to develop potential additional resources on one or several of the western ridges. We plan to further explore Ridges C and E while advancing exploration on the highly prospective and pretty much non explored remaining extensive ridges we have outlined.”
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