{"id":124399,"title":"Alien Metals Shares jump 21% on Expanded Exploration Target at Hancock Project","publisher":"Share Talk","author":"sharetalk","published":"2025-07-03T08:21:37+00:00","modified":"2025-07-03T08:21:37+00:00","canonical_url":"https://www.share-talk.com/alien-metals-shares-jump-21-on-expanded-exploration-target-at-hancock-project/","markdown_url":"https://www.share-talk.com/alien-metals-shares-jump-21-on-expanded-exploration-target-at-hancock-project.md","json_url":"https://www.share-talk.com/alien-metals-shares-jump-21-on-expanded-exploration-target-at-hancock-project.json","category":"Mining","categories":["Mining"],"tags":["Alien Metals","Alien Metals Ltd","Bill Brodie Good","Brockman Iron","Capstone Mining Corp","development","Donovan 2","drilling","Elizabeth Hill Silver projects","Exploration","Gold","Hamersley Group","Hancock Ranges","Iron Ore","Los Campos","maiden","Mexico","mining exploration","Pilbara region","San Celso","Share Talk","silver","UFO","Western Australia","Zacatecas Region","Zacatecas State"],"featured_image":"https://i0.wp.com/www.share-talk.com/wp-content/uploads/2024/06/ufo-4-june-24.webp?fit=1200%2C800&quality=80&ssl=1","format":"news","language":"en-GB","content":"Alien Metals Limited (LSE: UFO) saw its [shares jump 21% to 0.1p on Thursday](https://www.voxmarkets.co.uk/rns/announcement/92cd4d97-8225-4b55-80aa-33c9a8884c98/) after announcing a significant exploration target at its Hancock iron ore project in Western Australia’s Pilbara region.\n\nThe company estimates an additional exploration target of between 12 million and 27 million tonnes, with iron grades ranging from 58% to 62% Fe. This comes on top of the project’s existing JORC-compliant resource of 8.4 million tonnes at 60% Fe.\n\n“This Exploration Target at our Hancock Iron Ore Project is an outstanding result that further validates the scale and quality of this high-grade opportunity,” the company stated. “It suggests Hancock could be materially larger than previously considered and places Alien in a strong technical and commercial position as we engage with potential development partners.”\n\nAdditionally, Alien confirmed that its Australian subsidiary has signed an access agreement with BHP, resolving a previous objection from the mining major and allowing the tenement to proceed through the governmental approval process.\n\nFollowing the update, the company’s market capitalisation now stands just above £7 million."}