Greenland

Project Overview

Alien Metals Ltd was successfully granted a 208 km2 exploration license in northern Greenland, surrounding the world class Citronen zinc-lead project owned by Ironbark Zinc Limited (ASX:IBG) (Ironbark), Licence number 2020-44, in mid October 2020.

The Citronen project is believed to be one of the world’s largest undeveloped zinc-lead projects, with a JORC resource of 131.1 million tonnes @ 4.5% Zn + Pb (for 13 billion pounds of contained zinc and lead metal) (Ironbark ASX Announcement 12th March 2020). The awarding of the license to Alien, which is valid until 31 December 2023, continues with the Company’s strategy of identifying counter-cyclical opportunities in first class mining jurisdictions with excellent upside potential. The licence covers prospective ground on strike east and west of the Citronen project area and previously held by Ironbark, adjoining their Citronen project

The Company has commenced a process of obtaining all historical information relevant to the license area, including information publicly disclosed, to gain a better understanding of the license potential and to aid maiden exploration.