Alien has entered into a Binding Heads of Agreement (the ‘Agreement’) with ASX listed Platina Resources Limited (ASX: PGM) (‘PGM’) to acquire its 30% joint venture (‘JV’) interest in the Munni Munni Platinum Group Metals and Gold Project in the West Pilbara, Western Australia (‘the Project’).
Covering four granted Mining Leases and one Exploration Lease over a combined 75.9 km2, Artemis Resources Limited (ARV:ASX), the JV’s Project operator, holds remaining 70%. Hosting what is generally considered to be one of Australia’s largest platinum group elements (‘PGE’) deposits and having seen more than AUD$20m spent on it over the past two decades, Alien’s Board consider there is significant potential to rapidly update feasibility and development planning of this exciting palladium dominant opportunity.
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.
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