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Alien Metals Limited (AIM: UFO), a minerals exploration and development company, is pleased to report the completion of a helicopter-supported mapping and rock chip sampling programme that has identified significant iron mineralisation on the ridges of recently acquired tenure at its flagship Hancock Iron Ore Project, located near the iron ore mining centre of Newman, in the Pilbara region of Western Australia. An Exploration Target of up to 27 million tonnes and grade of 62% Fe has been defined, supported by recent exploration work. The lower end of the target is 12 million tonnes at 58% Fe. This Exploration Target is in addition to the Mining Reserve and Mineral Resource estimates, as announced on 08 February 2024. This Exploration Target is supported by the rock chip sampling and mapping programme completed by a team of geologists in June across the recently granted Exploration Licences E47/5157 and E47/5158, as announced on 21 May 2025.
The JORC Code mandates that the Competent Person cautions that the potential quantity and grade of the Exploration Target is conceptual in nature, that there has been insufficient exploration to estimate a Mineral Resource and that it is uncertain if further exploration will result in the estimation of a Mineral Resource.
Figure 1: Hancock DSO Iron Project featuring recently defined Exploration Targets
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