Gold prices slip lower; consolidating after recent gains
LONDON - Alien Metals Limited (AIM:UFO) has announced that its joint venture partner, Errawarra Resources Ltd (ASX:ERW), has released its Quarterly Activities Report for the period ending March 31, 2025. The report includes a non-material update on the Elizabeth Hill project.
The Elizabeth Hill project, part of a joint venture with Errawarra Resources, is situated near Karratha in the Pilbara region. It encompasses the Elizabeth Hill Mining Lease and surrounding exploration tenements. The historical silver mine associated with the project was known for producing some of Australia’s highest-grade silver ore in the late 1990s.
Alien Metals, focusing on its 90% owned Hancock iron ore project in central Pilbara, Western Australia, is aiming to establish a profitable direct shipping iron ore operation. The Hancock Project’s tenements, with a JORC-compliant resource of 8.4 million tonnes at 60% iron ore, are strategically located with direct access to the Great Northern Highway, which leads to the export facilities at Port Hedland. Port Hedland is a significant hub, exporting over 500 million tonnes of iron ore annually, accounting for 30% of the global production.
Additionally, Alien Metals holds interests in two other iron ore exploration projects, Brockman and Vivash, in West Pilbara, and owns one of Australia’s largest PGM deposits at Munni Munni, which contains a historic resource of 2.2 million ounces of PGM (Palladium, Platinum, Gold, and Rhodium).
The details of the Quarterly Activities Report by Errawarra Resources are accessible to the public and provide insights into the progress and developments of the Elizabeth Hill project and other activities.
This news is based on a press release statement from Alien Metals Limited and does not include any promotional content or subjective assessment. The company’s shares are publicly traded on the AIM market of the London Stock Exchange (LON:LSEG) under the ticker UFO.
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