Last checked at 27 Dec 2023 07:00
Trading Symbols
AIM: UFO
FWB: I3A1
27 December 2023
Alien Metals Ltd
("Alien" or "the Company")
Management Changes
Alien Metals Ltd (AIM: UFO), a global minerals exploration and development company advises that Mr Troy Whittaker, Chief Executive Officer, of Alien Metals Limited, will resign with effect from 31 December 2023.
Mr Alwyn Vorster, Non-Executive Chairman, and Mr Guy Robertson, Executive Director, will provide the necessary support as the Company finalises details of the new management team, which is expected to be appointed shortly.
The Company expects to make an announcement in the coming week about the new executive management team, who are expected to commence in early January 2024.
The Board would like to thank Troy for the positive progress the Company made during 2023, culminating in the finalisation of the Mining Agreement for the Hancock Iron Ore Project. The Board intends to keep accelerating exploration and development of the Hancock Iron Ore Project, and Pinderi Hills base metals Project in 2024.
For further information please visit the Company's website at www.alienmetals.uk, or contact:
Beaumont Cornish Limited (Nomad)
James Biddle / Roland Cornish Tel: +44 (0) 207 628 3396
WH Ireland Ltd (Joint Broker)
Harry Ansell / Katy Mitchell Tel +44 (0) 207 220 1666
Yellow Jersey (Financial PR)
Charles Goodwin / Shivantha Thambirajah / Soraya Jackson Tel: +44 (0) 20 3004 9512
Notes to Editors:
Alien Metals Ltd is a mining exploration and development Company listed on the AIM market of the London Stock Exchange (LSE: UFO). The Company's focus is on delivering a profitable, long life direct shipping iron ore operation based out of the Pilbara in Western Australia. In 2019, the Company acquired 51% of the Brockman and Hancock Ranges high-grade (Direct Shipping Ore) iron ore projects and in December 2022 moved to 90% legal and beneficial ownership. The Company also acquired 100% of the Vivash Gorge Iron Ore project in the west Pilbara in July 2022.
The Company acquired 100% of the Elizabeth Hill Silver Project, which consists of the Elizabeth Hill Historic Mining Lease and the 115km2 exploration tenement around the mine.
In March 2022 the Company acquired 100% of the former joint venture interest in the Munni Munni Platinum Group Metals and Gold Project in the West Pilbara, Western Australia, one of Australia's major underexplored PGE and base metals projects. Munni Munni holds a historic deposit containing 2.2Moz 4E PGM: Palladium, Platinum, Gold, Rhodium.
In May 2023, the Company acquired 100% of Mallina Exploration Pty Ltd and with it, the Western Hancock Tenement. The new tenement adjoins the Company's existing Hancock tenement, giving the entire Hancock project direct access to the Great Northern Highway.
The Company also holds silver, copper and base metal projects in various locations around the world however is currently looking at the best way to divest these for the benefit of shareholders.