474: Bill Brodie Good of Alien Metals discusses the creation of a new company to expedite development of Hancock

The Vox Markets Podcast

Bill Brodie Good, CEO & Technical Director of Alien Metals #UFO explains how they’ve created New Iron Ore Company in Australia to expedite development of their Hancock and Brockman Iron Ore projects.

Highlights

· IOCA has already commenced building a strong Perth based management team, focussed on these iron ore projects in Western Australia

· IOCA has engaged a boutique environmental company, Green Values Australia, to commence and complete necessary statutory permitting to convert the Exploration Licence to a Mining Lease for the Hancock tenement

· Commencement of discussions with interested parties in Iron Ore for possible offtake agreements

· Company engagement with the contract mining sector for drill, blast, crush and screen activities and with the contract haulage and logistics sector

· Planning of detailed metallurgical test work programme

· Phase 3 drilling commenced

About Alien Metals

Alien Metals Ltd is a mining exploration and development company listed on AIM of the London Stock Exchange (LSE: UFO). The Company's focus is on precious and base metal commodities, with its operations located in proven mining jurisdictions and it has embarked upon an acquisition-led strategy headed by a high-quality geological team to build a strong portfolio of diversified assets.

In 2019, the company acquired 51% of the Brockman and Hancock Ranges high-grade (Direct Shipping Ore) iron ore projects and a conditional agreement to increase its interest to 90% in May 2021 while in 2020 acquired 100% of the Elizabeth Hill Silver Project, which consists of the Elizabeth Hill Historic Silver Mine Mining Lease and the surrounding Munni Munni North Exploration Tenement. The Australian projects are located in the world-renowned Pilbara region of Western Australia. In November 2021 the company also entered into a Binding Heads of Agreement (the 'Agreement') with ASX listed Platina Resources Limited (ACN 119 007 939)(ASX: PGM) ('PGM') to acquire its 30% joint venture interest in the Munni Munni Platinum Group Metals and Gold Project in the West Pilbara, Western Australia.

The Company also holds two silver projects, San Celso and Los Santos, located in Zacatecas State, Mexico's largest silver producing state, which produced over 190m oz of silver in 2018 alone, accounting for 45% of the total silver production of Mexico for that year. The Company holds a Copper Gold project in the same region, Donovan 2.

The Company was also awarded an Exploration Licence in Greenland in late 2020, which surrounds the world class Citronen Zinc-Lead deposit.

In addition to progressing and developing its portfolio of assets and following its strategic review of its portfolio of silver and precious metals projects, Alien Metals has identified priority exploration targets within all of its projects which it is working to advance systematically.