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.
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