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PERTH - Alien Metals Ltd (AIM:UFO), a company specializing in mineral exploration and development, has been awarded a grant of A$25,000 by the Western Australian Government. The grant is intended to co-fund a ground gravity survey over the Pinderi Hills Project, deemed highly prospective for various minerals.
The Pinderi Hills Project, situated approximately 50km south of Karratha, encompasses an area with the notable +2Moz PGM Munni Munni deposit and the historic Elizabeth Hill silver mine. The government’s grant signifies recognition of the project’s mineral potential and is part of the Exploration Incentive Scheme (EIS), which supports exploration activities that contribute to the state’s economic development.
This grant will assist Alien Metals in conducting an extensive geophysical survey to create improved geological models and identify potential drilling targets. The survey aims to detect subsurface density variations that could indicate the presence of mineral deposits.
Alien Metals’ application was selected based on its scientific merit and potential to advance economic development in Western Australia. The company, which is also focused on developing the Hancock iron ore project, has expressed gratitude for the technical endorsement and financial support from the government.
The Pinderi Hills Project is additionally prospective for copper and nickel sulphide deposits, platinum group metals (PGMs), and silver. A joint venture with Errawarra Resources Ltd (ASX:ERW) is exploring the area for lithium potential, with recent findings confirming lithium pegmatite prospects.
The grant will support Alien Metals in integrating the gravity survey data with other geophysical and geochemical datasets, thereby enhancing the exploration models and potentially expediting the project’s development.
This initiative is part of the broader EIS program that encourages innovative geophysical projects and aims to increase the geological knowledge in Western Australia, ultimately fostering successful exploration and mining endeavors.
The information in this article is based on a press release statement from Alien Metals Limited.
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