Alien Metals lands mining lease

Photo: Alien Metals

Alien Metals has been granted a mining lease for the Hancock iron ore project in Western Australia by the state’s Department of Mines, Industry Regulation and Safety. The lease is good through 17 April 2045.

“This is a further significant step on the pathway to production for the Hancock project. The company has made significant progress and is now in discussion with various parties regarding the required development funding,” said Executive Director Guy Robertson. 

“The technical team is currently focused on mining proposal submission and environmental assessment. It continues to assess strategies for increasing the existing resources and reserves, which is expected to significantly increase the value of the project. In addition, the company will proceed with necessary heritage clearances.”

The Hancock tenements currently contain a JORC-compliant resource of 8.4 million tonnes of iron ore @ 60.3% Fe. It offers significant exploration upside, which is targeted to deliver a mining operation of 2 Mt per annum for 10 years.

Source: Alien Metals

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