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.
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