REG - Alien Metals Limited - Alien relinquishes Greenland Licence

Alien MetalsAnnouncement

02/11/2022 12:00

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RNS Number : 0881F  Alien Metals Limited  02 November 2022

 

 

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 26(th) 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 115km(2)
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.

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