Alien yesterday detailed the outcome of an extensive data review of the Hamersley Iron Ore Projects, including the generation of Maiden Exploration Targets and proposed next step exploration plans.
Fieldwork was undertaken last year replicated the high-grade Direct Shipping Ore (‘DSO’) results previously recorded at the 51%-owned Brockman and Hancock Ranges projects, leaving Alien’s next objectives to carry out further exploration work, including a maiden drilling programme with a view to converting the Exploration Targets into JORC-compliant resources.
With iron ore prices presently hitting multi-year highs as demand soars on the back of government stimulus and expectation of significant post-Pandemic infrastructure investment, combined with related supply concerns that continue to plague Brazil’s highly productive mining regions, this work could add further value to the Group’s exploration portfolio.
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