Further to its announcements of 24 November 2021 and 22 December 2021, Alien has completed the acquisition (‘the Acquisition’) of a 100% interest in the Munni Munni Platinum Group Metals and Gold Project in the West Pilbara, Western Australia (‘Munni Munni’, ‘the Project’).
Covering four granted Mining Leases and one Exploration Lease over a combined 75.9 km2, the Project’s operatorship and ownership will now pass to the Group from Artemis Resources Limited (ARV: ASX) (‘ARV’). Hosting what is generally considered to be one of Australia’s largest platinum group elements (‘PGE’) deposits, which has seen more than AUD$20m spent on it over the past two decades, Alien’s Board considers there is significant potential to rapidly update feasibility and development planning of this exciting palladium-dominant opportunity.
This is particularly timely/significant given Russia’s historical dominance of global supply of this critical mineral, something that has become a key consideration in western government/industry’s forward planning following the recent surge in spot prices that have resulted from broad sanctions being imposed on the country.
We would draw your attention to the various disclaimers in the document both at the beginning and at the end of the note. Retail clients (as defined by the rules of the FCA) must not rely on the research document. In particular you should note that the research document is a non-independent marketing communication. The analyst who has prepared the research is aware that TPI provides research to Alien Metals Limited. Accordingly the research has not been prepared in accordance with legal requirements designed to promote the independence of investment research and is not subject to any prohibitions on dealing ahead of its dissemination.
The information in the document is published solely for information purposes and is not to be construed as a solicitation or an offer to buy or sell any securities or related financial instruments. The material contained in the document is general information intended for recipients who understand the risks associated with equity investment in smaller companies. It does not constitute a personal recommendation as defined by the FCA or take into account the particular investment objectives, financial situation or needs of individual investors nor provide any indication as to whether an investment, a course of action or the associated risks are suitable for the recipient.
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