Alien has announced a much-anticipated maiden iron ore resource estimate (‘MRE) in excess of 10Mt Direct Shipping Ore (‘DSO’) on its Hancock Iron Ore Project in the Pilbara region of Western Australia.
The initial Inferred JORC compliant resource stands at 10.4Mt @ 60.4% Fe including 7.8Mt @ 60.1% at the Sirius Extension target, 1.5Mt @ 61.2% on the Ridge E target and 1.1Mt @ 61.9% Fe at the Ridge C target. Yet with not even a quarter of the available ridge targets having been tested, the Board is confident there remains considerable potential to define substantially further accessible DSO grade material.
Accordingly, it is now pushing ahead with detailed development and study work to bring this online as soon as is practical while planning continues for its Phase 3 drilling program which should ensure news flow remains heavy into 2022.
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