355: Bill Brodie Good of Alien Metals talks about the maiden inferred resource in excess of 10Mt at their Hancock Iron Ore Project

The Vox Markets Podcast

Bill Brodie Good, CEO & Technical Director of Alien Metals #UFO talks about the maiden inferred resource in excess of 10Mt at their Hancock Iron Ore Project in the Pilbara region of Western Australia.

Highlights
- 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% at the Ridge E target and 1.1Mt @ 61.9% Fe at the Ridge C target.

- The Mineral Resource Statement ("MRE") has been restricted to material that falls within an optimised open pit shell and within the tenement boundary.

- Low levels of deleterious elements indicating that Hancock could produce high-quality Direct Shipping Ore (DSO) product.

- Ridges E and C are only partially tested to date, and the Company feel they have considerable potential to define further DSO grade material.

Bill Brodie Good, CEO & Technical Director of Alien Metals:
"We are really pleased to have delineated in excess of 10Mt of DSO iron ore with our initial MRE at Hancock. With only a quarter of the Western Ridges targets tested to date, we believe there is considerable scope to grow the DSO resource over the next 6 months.

"Having a sizeable maiden resource is encouraging; having DSO material with low impurities is even more pleasing and we are pushing ahead on the scoping study work with Mining Plus and continued planning for the Phase 3 drilling programme."