EXERCISE OF OPTION OVER IRON ORE PROJECTS IN WESTERN AUSTRALIA

nr-2019-11-19-pilbara-option-exercise

Alien Metals Limited, the AIM quoted mineral exploration and development company, is pleased to report that following the completion of the technical due diligence report on the Hancock Ranges and Brockman Iron Ore Projects, the Board has notified Windfield Pty ltd of its intention to exercise its option to acquire a 51% interest in the projects. The parties are preparing formal documentation relating to the transaction, with settlement to take place in the coming weeks. The initial consideration shares and share purchase warrants, as referenced below, will be issued following the finalisation of legal documentation.

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