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Alien Metals Ltd announced on 2 November 2022 that it has relinquished its wholly owned Greenland Exploration licence 2020-44 MEL. This licence was originally announced on 26th October 2020.
| Date | 2 Nov 2022 |
| Time | 12:00:01 |
| Category | Miscellaneous |
| ID | 0881F |
Trading Symbols
AIM: UFO
FWB: I3A1
2 November 2022
Alien Metals Ltd
("Alien" or "the Company")
Alien relinquishes Greenland Licence
Alien Metals Ltd (LSE AIM:UFO), a global minerals exploration and development Company, herby announces that it has relinquished its wholly owned Greenland Exploration licence 2020-44 MEL, as originally announced on 26th October 2020.
With the Company focused on bringing the Hancock Iron Ore project into production in 2023 and pushing forward with the Munni Munni and Elizabeth Hill projects the relinquishment of this licence supports that strategy.
For further information please visit the Company's website at www.alienmetals.uk, or contact:
Alien Metals Limited
Rod McIllree, Executive Chairman
Bill Brodie Good, CEO
Tel: +44 (0) 20 7138 3204
Beaumont Cornish Limited (Nomad)
James Biddle / Roland Cornish
www.beaumontcornish.com
Tel: +44 (0) 207 628 3396
WH Ireland Ltd (Joint Broker)
Harry Ansell / Katy Mitchell
Tel +44 (0) 207 220 1666
Turner Pope Investments (TPI) Limited (Joint Broker)
Andrew Thacker / James Pope
Tel: +44 (0) 20 3657 0050
BlytheRay (Financial PR)
Tim Blythe / Megan Ray / Said Izagaren
Tel: +44 (0) 20 7138 3204
Notes to Editors
Alien Metals Ltd is a mining exploration and development Company listed on the AIM market of the London Stock Exchange (LSE: UFO). The Company's focus is on delivering a profitable, long life direct shipping iron ore operation based out of the Pilbara in Northwest Australia. In 2019, the Company acquired 51% of the Brockman and Hancock Ranges high-grade (Direct Shipping Ore) iron ore projects and in November 2022 exercised its option to move to 90% once certain CP's are satisfied.
The Company acquired 100% of the Elizabeth Hill Silver Project, which consists of the Elizabeth Hill Historic Silver Mine Mining Lease and the 115km2 exploration tenement around the mine.
In March 2022 the Company acquired 100% of the former joint venture interest in the Munni Munni Platinum Group Metals and Gold Project in the West Pilbara, Western Australia, one of Australia's major underexplored PGE and base metals projects. Munni Munni holds a historic deposit containing 2.2Moz 4E PGM: Palladium, Platinum, Gold, Rhodium.
The Company also holds silver, copper and base metal projects in various locations around the world however is currently looking at the best way to divest these for the benefit of shareholders.