3rd Aug 2023 10:51
Alien Metals Ltd - Australia-focused precious and base metals explorer and developer - Says its wholly-owned subsidiary, Iron Ore Company of Australia Pty Ltd, has begun work on the definitive feasibility study for the company's Hancock Iron Ore project in Western Australia. The study will optimise the mine plan, infrastructure layouts, and the final capital and operating cost estimates for the project.
"The provision of the DFS in the coming months will see the Hancock Project positioned to swiftly move through and conclude the funding and offtake requirements that will lead to the company's final investment decision in the latter part of this year as the final regulatory approvals process continues to progress," says Chief Executive Troy Whittaker.
Current stock price: 0.33 pence, down 7.3% in London on Thursday morning
12-month change: down 49%
By Heather Rydings, Alliance News senior economics reporter
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