Alien Metals announces binding option agreement with Windfield Metals Pty

Fri, 20th Sep 2019

Alien Metals Limited has announcd it has entered into a binding option agreement with Windfield Metals Pty Ltd to acquire a 51% interest in two exploration licences prospective for Direct Shipping Ore in the Pilbara region of Western Australia. The Company believes entering into this agreement is a significant step towards the delivery of Alien's strategy of building a portfolio of mining projects which demonstrate development upside in global jurisdictions with an established infrastructure and mining codes, where strong operational controls can be assured. Alien is currently exploring for silver and gold in Mexico's richest silver mining belt, with the option agreement with Windfield allowing Alien to diversify its assets base in a tier one mining jurisdiction. The Company will continue to assess various precious and base metal projects and expand its asset base over the coming year. Dan Smith, Chairman of Alien commented: 'This is an extremely exciting opportunity for the Company. Over the last 6 months the Board has been reviewing a range of potential opportunities and these projects are surrounded by major iron ore mines owned by global mining companies and there has already been significant interest in these projects given their prospectivity and resurging iron ore price.' At 8:29am: (LON:UFO) share price was +0.04p at 0.18p Story provided by StockMarketWire.com

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