https://www.engineeringnews.co.za
Iron Ore|Mining|PROJECT|Resources|Safety|SECURITY|Environmental
Iron Ore|Mining|PROJECT|Resources|Safety|SECURITY|Environmental
iron-ore|mining|project|resources|safety|security|environmental

Alien Metals secures mining lease for Hancock iron-ore project

Iron-ore being transported by train in Western Australia

Photo by Reuters

19th April 2024

By: Creamer Media Reporter

     

Font size: - +

The Western Australia Department of Mines, Industry Regulation and Safety has granted Aim-listed Alien Metals a mining lease for the Hancock iron-ore project.

This represents a key milestone on the pathway towards development of the project and provides Alien with security of tenure for a 21-year term through to April 17, 2045.

"The company has made significant progress and is now in discussion with various parties regarding the required development funding. The technical team is currently focused on mining proposal submission and environmental assessment.

"It continues to assess strategies for increasing the existing resources and reserves, which is expected to significantly increase the value of the project. In addition, the company will proceed with necessary heritage clearances," comments Alien executive director Guy Robertson.

Alien in February announced the results of a development study on the project, which determined a low initial development capital cost of A$28-million.

The project is expected to produce about 1.25-million tonnes a year of ore at an all-in sustaining cost of $85/t.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Comments

Showroom

Hanna Instruments Image
Hanna Instruments (Pty) Ltd

We supply customers with practical affordable solutions for their testing needs. Our products include benchtop, portable, in-line process control...

VISIT SHOWROOM 
ESAB showroom image
ESAB South Africa

ESAB South Arica, the leading supplier of high-end welding and cutting products to the Southern African industrial market is based in...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine round up | 24 May 2024
Magazine round up | 24 May 2024
24th May 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.255 0.313s - 160pq - 2rq
Subscribe Now