Munni Munni PGM

Overview

Alien Metals Ltd (LSE AIM:UFO), a global minerals exploration and development company, is pleased to advise that the Company is now actively exploring at its 100% owned Munni Munni platinum group metals project in the west Pilbara of Western Australia. Alien has now taken full control of this significant project and has a diamond core rig arriving this week to commence drilling to enable a potential upgrade of the existing resource to JORC 2012 standards as well as providing core samples for preliminary metallurgical testwork.

Highlights

• Company hoping to get a drill rig on site in coming weeks
• In-fill and quality control holes on the historic resource targeted
• For the first time in 30 years, the regionally significant Munni Munni and Elizabeth hill projects are consolidated into one coherent tenement package
• Initial metallurgical testing to be carried out on existing core

The Munni Munni Project

The Munni Munni Project hosts significant PGE mineralization. It has a non JORC compliant resource of:

24Mt @ 2.9g/t Platinum Group Element (PGE) and gold for 2.2Moz PGM3

This includes 1.14Moz of palladium, 0.83Moz of platinum, 152koz gold and 76koz of rhodium. The Munni Munni Project is considered to be one of Australia’s largest PGE deposits with in excess of A$20m spent on various feasibility studies undertaken in the last 20 plus years. Previous project joint venture partners include one of South Africa’s largest platinum palladium producers, Lonmin.

The resource detailed above was issued under JORC 2004, hence it is non-compliant to the current JORC 2012 standard. As part of the drilling that will commence in the coming days, work will be conducted in parallel to increase the confidence in the old resource and it is the Company’s intention to update the resource models to JORC 2012, in due course, which will allow full evaluation of this significant deposit.

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