Alien Metals has secured one of Australia’s largest platinum group element (PGE) bodies with the 100 per cent acquisition of the Munni Munni project in the Pilbara region of Western Australia.
According to the company, the purchase consolidates the highly prospective Munni Munni and Elizabeth Hill project areas for the first time in over 30 years.
“The Munni Munni project hosts the largest ultramafic intrusion in the West Pilbara and is one of the biggest undeveloped primary platinum group elements resources in Australia.,” Alien stated.
“Munni Munni is considered to be an advanced exploration project which, with relevant expertise, could be explored quickly and have updated feasibility and development plans, all of which would be undertaken in a Tier 1 mining jurisdiction of Western Australia.”
The Munni Munni project is currently subject to a joint venture between Artemis Resources and Platina Resources.
Alien chief executive officer and technical director Bill Brodie Good said with the completion of the Munni Munni acquisition, the company has further enhanced its position in the West Pilbara region.
“The company has now secured 100 per cent of one of Australia’s largest undeveloped PGE projects at a time when global geopolitics has placed significant supply constraints on strategic metals like palladium and platinum,” he said.
“It is important to note that almost 60 per cent of the historically defined contained metal at Munni Munni is palladium.
“The security of supply for these critical minerals will become a key factor for global governments and industry.
Good said Alien is now in a position to start technical work on the project and consolidate activities undertaken over the last 20 years to advance the project as a priority.
“Additionally, we are excited to have a larger geological setting to incorporate aspects from the different locations of the intrusion into an overall project and concept,” he said.
“We also welcome both Artemis Resources and Platina Resources to the register as shareholders of the company.”
Artemis Resources executive director Alastair Clayton said his company is pleased to become a significant shareholder of Alien Metals who have been able to consolidate for the first time in many years one of Australia’s largest PGE projects.
“Artemis is supportive of Alien’s plans to explore and develop what could become a major strategic metals project and we look forward to being a long-term shareholder of the company,” he said.