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Alien Metals Ltd (LSE AIM:UFO), a global minerals exploration and development Company, is pleased to announce that its wholly owned subsidiary, Iron Ore Company of Australia Pty Ltd (“IOCA”) has entered into a Memorandum of Understanding (“MOU”) to enter in an Agreement for the sharing of bunker allocation at the Pilbara Ports Authority’s Utah Point export facility with Element 25 Ltd (ASX Code: E25) in relation to the Company’s Hancock iron ore project (“Hancock”) located in the Pilbara, Western Australia.