Strategic acquisition agreement boosts Hancock Development

5 September 2022


Alien Metals Ltd (AIM:UFO), a global minerals exploration and development company, is pleased to advise that its wholly owned subsidiary, Iron Ore Company of Australia Pty Ltd (“IOCA”) has entered into a binding Heads of Agreement with Mallina Exploration Pty Ltd (“Mallina”) to acquire a strategic tenement, currently under application with the Department of Mines, Industry Regulation and Safety DMRIS, Western Australia (the “Tenement Interest”) bounding the Hancock Project (the “Project”) key to the development of the Project. Alien also announces that it has applied directly for two additional exploration licences within the Hancock area, ELA47/4605 or ‘Hancock West’, and ELA47/4817 or ‘Hancock Northwest’, which provide future resource growth opportunities.