Alien Metals Ltd (LSE AIM: UFO), The latest Hancock iron ore production results in the Pilbara region, Western Australia, support the project’s potential to become a standalone producer of direct shipping ore (DSO).
Initial results of the second drilling phase showed significant widths in DSO-grade intersections at surface at Sirius Extension Project.
All intersections at the Sirius project point towards a contiguous DSO-grade deposit with the best initial results from drilling the second phase. These include 47 metres at 61.50%, 78 meters at 61.20% iron and 88 metres @ 60.60% iron.
Chief executive Bill Brodie Good stated that “Our Hancock iron ore project is shaping up as a significant development opportunity to Alien.”
“We now have almost all of the data necessary to calculate a maiden JORC resource at Sirius and have defined DSO-grade iron ore for a strike length exceeding 350m at the Sirius extension prospect.
Alien Metals engaged Mining Plus to provide a high-level scoping report for the Sirius extension prospect.
John Battista (principal mining consultant at Mining Plus) stated that the Hancock project, based on the conceptual study-level work done to date, has the potential to become a niche producer of iron ore in the heart of the world-famous Pilbara area.
In the September quarter, preliminary results of the maiden resource estimation and mining studies will be available.
Brodie Good added that “In addition to Sirius Extension Project and the yet-to-be resource drilled Western Ridgess, the significant potential remains at Hancock with only 15% of the Tenement tested to date.”
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