Alien Metals has identified additional exploration targets at the Munni Munni PGE-copper-nickel project in Western Australia following an independent geochemical review, with the findings highlighting new prospective areas for future exploration.
The AIM-listed company, trading under the ticker UFO, said the study identified prospective basal-contact zones together with a separate copper anomaly covering approximately 5 kilometres by 2 kilometres. The copper anomaly is associated with elevated concentrations of vanadium and titanium, adding further exploration targets within the project area.
Geochemical study outlines new exploration opportunities
The latest review provides new geological interpretation for the Munni Munni project but does not constitute a new mineral resource estimate or drilling result. The work identified geological settings considered prospective for mineralisation, supporting additional exploration activities across the project.
Future exploration is expected to include an electromagnetic survey designed to define conductive targets before drilling is undertaken. Subsequent drilling will be required to determine whether sulphide mineralisation is present beneath the identified geochemical anomalies.
Alien maintains strategic interest in Munni Munni
Alien Metals retains a 30% interest in the Munni Munni project under a free-carried arrangement that extends through completion of a bankable feasibility study. The company also owns approximately 10% of ASX-listed GreenTech Metals, which operates the project. The ownership structure allows Alien Metals to participate in exploration and feasibility activities without contributing funding proportionate to its project interest during the free-carried period.
Historical resource supports ongoing exploration
The Munni Munni project hosts a historical resource of approximately 2.2 million ounces of platinum group elements (PGEs) and gold. The newly identified exploration targets add to the project’s existing geological database and provide additional areas for investigation. The next stages of exploration will focus on completing the planned electromagnetic survey and testing identified targets through drilling to assess the presence and extent of sulphide mineralisation at depth.
