Alien Metals announced its completed acquisition of 100% of the Vivash Gorge iron ore project in Pilbara, western Australia from ASX-listed company Zenith Minerals after satisfying all conditions in the Binding Heads of Agreement.
Alien Metals previously said it considered Vivash Gorge a strategic acquisition to its IOCA portfolio of direct shipping ore (DSO) projects based in Pilbara.
The Vivash Gorge project is located approximately 80 kilometres west of the Tom Price Township in the southern region of the Brockman Syncline, and is accessible through the Nanutarra-Wittenoom road, station tracks and purpose built exploration tracks.
The mining firm added that the addition of Vivash Gorge would bring its portfolio to a total number of three strategically located iron ore projects within the Pilbara sector, with a combined tenement package of 108k each surrounded by the iron ore majors with significant opportunities for further development.
“We are pleased to have completed the acquisition of the Vivash Gorge Iron Ore Project from Zenith Minerals,” said Alien Metals CEO Bill Brodie.
“We thank the team at Zenith for their support in this process and look forward to getting on the ground in the coming quarter.”
“We feel it’s a great fit to our iron ore portfolio which adds further potential to the Company’s growth in the high grade iron ore sector.”
