Under the umbrella of its Iron Ore Company of Australia (IOCA), Alien Metals is aggressively progressing its Hancock and Brockman projects towards Direct Shipping Ore (DSO) operations, and has recently entered into a binding heads of agreement to acquire the Vivash Gorge project in the Pilbara which, with further exploration, could significantly increase its iron ore resource. As Alien positions itself as a DSO operator, with its low capex and simple business model, we expect Alien to rerate. ....
06 Jun 2022
WH Ireland: Alien Metals (UFO) - Advancing towards development of the Hancock Iron Ore Project
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WH Ireland: Alien Metals (UFO) - Advancing towards development of the Hancock Iron Ore Project
Alien Metals Ltd (UFO:LON) | 0.1 0 0.0% | Mkt Cap: 8.27m
- Published:
06 Jun 2022 -
Author:
Paul Smith | David Seers -
Pages:
5
Under the umbrella of its Iron Ore Company of Australia (IOCA), Alien Metals is aggressively progressing its Hancock and Brockman projects towards Direct Shipping Ore (DSO) operations, and has recently entered into a binding heads of agreement to acquire the Vivash Gorge project in the Pilbara which, with further exploration, could significantly increase its iron ore resource. As Alien positions itself as a DSO operator, with its low capex and simple business model, we expect Alien to rerate. ....