TIDMUFO
RNS Number : 1302K
Alien Metals Limited
23 August 2023
Trading Symbols
AIM: UFO
FWB: I3A1
23 August 2023
Alien Metals Ltd
("Alien" or "the Company")
Preferred Construction and Operations Contractor Secured
Alien Metals Ltd ( AIM: UFO ), a minerals exploration and
development company, is pleased to announce that its wholly-owned
subsidiary Iron Ore Company of Australia Pty Ltd (" IOCA" ) has
awarded REGROUP Australia (" REGROUP" ) as its preferred primary
contractor to undertake the construction works, mining operations
and haulage services for its flagship Hancock Iron Ore Project ("
Hancock" or the "Project" ) in the Pilbara region of Western
Australia.
IOCA has conducted a competitive market engagement over the
previous six months to identify commercially and technically adept
contractors to undertake works as part of the Hancock development
and operations. This process has involved pre-qualified and
targeted proponents submitting bids for specific scopes of works
and agreeing to key commercial terms.
REGROUP are a highly renowned and experienced civil
construction, mining operator and haulier, having executed projects
that exceed A$100 million on multiple occasions. It operates one of
the largest privately and independently owned fleets in Western
Australia, with clients that include Newcrest Mining, Roy Hill and
Element 25. The selection of REGROUP allows the Company to update
its financial model as part of the Definitive Feasibility Study
work streams.
Highlights
-- REGROUP has been selected as the preferred construction contractor for:
o Construction of an intersection of the Project area at the
Great Northern Highway; and
o Construction of an access track from the Great Northern
Highway to the Mine Site.
-- REGROUP has been selected as the preferred operations contractor for:
o Mining Services (that is inclusive of any drilling and
blasting activities); and
o Haulage Services for the haulage of ore from the Mine Site to
Port Hedland.
-- The selection of REGROUP as the primary contractor for
construction and operations for the Hancock Project significantly
de-risks the Project and removes inherent interface and delay risk
across the mine construction and operational activities.
-- REGROUP are a highly experienced civil construction, mining and haulier group, noted for its prioritisation of environmental consciousness and partnerships with traditional owners and communities.
-- The pricing submitted by REGROUP's bid supports:
o The potential for capital savings when compared to those
forecasted in the scoping study; and
o It is consistent with the assumptions made by the Scoping
Study to deliver direct cost of production of approximately US$60
per tonne.
-- The award of this contract remains subject to the completion
of a positive DFS, approvals, funding and the Board making a final
investment decision.
Troy Whittaker, Chief Executive Officer of the Company,
commented:
"Securing REGROUP as a key contractor for the Hancock Project is
a significant milestone for the company as it further de-risks the
Hancock Project. This is the first step in locking in relationships
with contractors on the back of the IOCA sourcing process, securing
competitive pricing from contractors, which moves planning for the
project forward.
"We are excited to partner with REGROUP, a company that shares
our values. REGROUP has set the goal of becoming carbon neutral via
the use of a fully battery-powered fleet and the utilisation of
solar and wind to help power their sites. That combined with their
commitment to advancing indigenous businesses, notably through the
championing of Maramara in Western Australia, a majority
Indigenous-owned PTY LTD company, is one of the reasons why we
teamed up with REGROUP."
Michael Still, Managing Director of REGROUP, commented:
"REGROUP is looking forward to working with IOCA, firstly in the
establishment of their mine, as well as the long-term success of
the operations from pit to port. We also see a great opportunity to
support first nations business, Maramara, in delivering the civil
scope of this exciting project. We would utilise our expertise as a
Pilbara-based business and being a partner of a values-based miner
such as IOCA, we are eager to see the impact we know this project
will have on the Pilbara communities.
"In being a Greenfields site, the Hancock Project lends itself
well to autonomous and electrified solutions for both the mining
and bulk haulage fleet. We will continue to work with our partners
in Scania and Janus to integrate new and emerging technologies
where practical, both on-site and in Port Hedland. The
consolidation of the construction and operational activities under
one group will facilitate speed to market for IOCA and provides us
with the opportunity to embed our expertise early in the
project."
Further Information
Figure 1: Location of Hancock Iron Ore Project, Western
Australia
Figure 2: Overview of the Intersection at the Great Northern
Highway
Figure 3: Close up, overview of intersection at the Great
Northern Highway
Figure 4: Proposed Access Track, Great Northern Highway to Mine
Site
Figure 5: Example of REGROUP Mining Fleet operating in the
Pilbara
Figure 6: Example of REGROUP Haulage Fleet operating in the
Pilbara
For further information please visit the Company's website at
www.alienmetals.uk , or contact:
Alien Metals Limited Troy Whittaker
T: +44 (0) 20 7138 3204 (c/o BlytheRay)
Beaumont Cornish Limited (Nomad)
James Biddle / Roland Cornish
Tel: +44 (0) 207 628 3396
WH Ireland Ltd (Joint Broker)
Harry Ansell / Katy Mitchell
Tel +44 (0) 207 220 1666
BlytheRay (Financial PR)
Tim Blythe / Megan Ray / Said Izagaren
Tel: +44 (0) 20 7138 3204
Notes to Editors:
Alien Metals Ltd is a mining exploration and development Company
listed on the AIM market of the London Stock Exchange (LSE: UFO).
The Company's focus is on delivering a profitable, long life direct
shipping iron ore operation based out of the Pilbara in Western
Australia. In 2019, the Company acquired 51% of the Brockman and
Hancock Ranges high-grade (Direct Shipping Ore) iron ore projects
and in December 2022 moved to 90% legal and beneficial ownership.
The Company also acquired 100% of the Vivash Gorge Iron Ore project
in the west Pilbara in July 2022.
The Company acquired 100% of the Elizabeth Hill Silver Project,
which consists of the Elizabeth Hill Historic Mining Lease and the
115km(2) exploration tenement around the mine.
In March 2022 the Company acquired 100% of the former joint
venture interest in the Munni Munni Platinum Group Metals and Gold
Project in the West Pilbara, Western Australia, one of Australia's
major underexplored PGE and base metals projects. Munni Munni holds
a historic deposit containing 2.2Moz 4E PGM: Palladium, Platinum,
Gold, Rhodium.
The Company also holds silver, copper and base metal projects in
various locations around the world however is currently looking at
the best way to divest these for the benefit of shareholders.
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END
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August 23, 2023 02:00 ET (06:00 GMT)
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