Alien has successfully completed a detailed geological mapping and sampling programme at the Group’s Hamersley Iron Ore Projects.
Test work completed over four of the five planned priority targets indicate that the BHP 19 and BHP 20 prospects may be part of the same, larger system. Having now also validated previously announced Maiden Exploration Targets across both projects, the Group is now preparing a Program of Works (‘POW’) for submission ahead of drilling.
With spot prices soaring to multi-year highs this past week (touching US$130/tonne for DSO or 60% Fe Iron Ore) as demand from China and other countries spiked on the back of aggressive monetary policy and governmental stimulus boosting expectation of significant post-Pandemic infrastructure investment, Alien’s share price might now anticipate further potential for highimpact results across the Group’s exploration portfolio.
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