Significant intersections of high grade Direct Ship Ore (“DSO”) confirmed at Hancock Project, including 78.2 metres at 60.4% Iron

20 September 2023


Alien Metals Ltd (AIM: UFO), a minerals exploration and development company, is pleased to announce that all results from the recent resource definition core drilling programme at its 90% owned Hancock Iron Ore Project (“Hancock Project”), in the Pilbara Region, Western Australia, have been received.


  • 13 diamond core holes were drilled during Q2 2023 for a total of 1049 metres (“m“) at the Company’sSirius Deposit, with the initial batch of assays reporting high-grade mineralisation (AIM: 20 July 2023).
  • These final assay results confirm exceptional direct ship ore grades, as well as excellent widths and depth continuity of the proposed Sirius Mining Pit.
  • Significant results from the final tranche of assays include:

52.8m @ 60.9% iron (“Fe”) from 1m including high-grade intercepts of 40m @ 61.5% Fe from 13m

from Drill Hole 23IHD013

61.2m@60.8%Fefrom1mincludinghigh-gradeinterceptsof31.9m@61.6%Fefrom22.2mfrom Drill Hole 23IHD010

57m@60.6%Fefrom13mincludinghigh-gradeinterceptsof40.5m@61.3%Fefrom27mfromDrill Hole 23IHD008

78.2m @ 60.4% Fe from 43.7m including high-grade intercepts of 11.3m @ 61.0% Fe from 110.6m from Drill Hole 23IHD007

98.5m@59.4%Fefrom1.5mincludinghigh-gradeinterceptsof47.3m@60.3%Fefrom14.1mand 9m @ 62.6% Fe from 91m from Drill Hole 23IHD005

• This final tranche compliments and reinforces grade from the first tranche of assay results (AIM: 20 July 2023):

Trading Symbols AIM: UFO FWB: I3A1

26.9m @ 60.03% Fe from 13.9m including a high-grade intercept of 12m @ 61.2% Fe from 28.8m, and 16.1m @ 59.75% Fe from 46.9m including a high-grade intercept of 9.9m @ 61.03% Fe from Drill Hole 23IHD003

49.0m@59.29%Fefrom14.0mincludinghigh-gradeinterceptsof8m@60.70%Fefrom17m,9.0m @ 61.51% Fe from 36.0m and 12.0m @ 60.58% Fe from 51.0m from Drill Hole 23IHD006