Overview

Mine Type	Open Pit
Stage	Permitting
Commodities	Iron Ore
Mining Method	Truck & Shovel / Loader
Mine Life	...
Snapshot	The Hancock Iron Ore Project is a direct shipping ore operation with outstanding economics and significant exploration potential, supported by extensive untested mineralization trends. On April 18, 2024, the Project secured its Mining Lease from the Department of Mines, representing a key milestone on the pathway towards development. This gives security of tenure for a 21-year term through to 17 April 2045. Alien Metals Ltd. is actively engaging with potential partners to secure the necessary funding for development. As of April 2024, the technical team was focused on submitting the mining proposal and conducting environmental assessments. Success through accelerating exploration activities could significantly increase the existing 8.4Mt JORC Mineral Resources, resulting in potential for increases to planned production and mine life.

Deposit type

• Banded iron formation

Summary:

The tenement area consists of a series of low east/west running rocky ridge lines separated by shallow valleys. The area has been structurally deformed with the presence of numerous fold hinges, some isoclinal, but all trending east/west with a shallow (<34°) plunge.

Most of the ridge lines consist of Banded Iron which is part of the Weeli Wolli Formation. The Weeli Wolli Formation is described as a thick succession of jaspilite, shale, and dolerite overlying the Brockman Iron Formation. The iron formations stand out as ridges on which there is some exposure, but the intervening shale and dolerite are rarely exposed.

At Sirius Extension, a single high-grade BIF domain has been modelled with an overlying low grade cap. The high-grade BIF unit has been split into high and low SiO2 domains based on a statistical review.

At Ridge C and Ridge E, the dip of the BIF unit was inferred from the ridge topography and the onsite observations with a shallow dip of 15 to 20 ° used.

At Sirius Extension, a steeply dipping BIF unit was created based on the HW / FW contacts with the assumption that the unit forms part of syncline extended from the neighbouring licence and where a resource has previously been reported.

An overlying weathered cap has been created at Sirius Extension. This is based on logging and geochemical data where an increase in LOI, AL2O3 is observed along with a decrease in Fe.

Dimensions
Sirius Extension = ~450 m strike by 60 m width by 150 m down dip
Ridge C = ~1,200 m strike by up to 12 m width / thickness by 150 m down dip
Ridge E = ~1,500 m strike by up to 10 m width / thickness by 80 m down dip

Mining Methods

- subscription is required.

Comminution

Crushers and Mills

Processing

- subscription is required.

Production

Operational metrics

Metrics
Annual ore mining rate	....
Annual production capacity	....
Ore tonnes mined, LOM	....

Personnel

Job Title	Name	Profile	Ref. Date
.......................	.......................		Jan 21, 2025
.......................	.......................		May 14, 2024
.......................	.......................		Feb 8, 2024
.......................	.......................		Feb 8, 2024