Alien Metals outlines 12-month plan for Australia copper-gold project

Northern Territory, Australia - Alien Metals Limited has unveiled a 12-month exploration plan for its Georgina Basin Iron-Oxide Copper-Gold project, as reported in a recent press release. The extensive program aims to evaluate over 90 conceptual IOCG targets spread across a 2,500 square kilometer area, acquired by the company earlier this year.

Key components of the work include technical assessments, modelling of three prospects (Leichhardt East, West, and Banks), gravity surveys, and geophysical modeling. Alien Metals plans to collaborate with Traditional Owners for access to exploration license applications and will seek BHP Xplor programme and Northern Territory Government exploration co-funding grants.

The latter provide up to $500,000 in equity-free funding and a potential 50% grant for eligible costs, capped at A$150,000. The projected expenditure is approximately £155,000, funded by existing cash resources. The exploration timeline includes applications due in August-September 2026, Traditional Owner engagement from September-October, and technical reviews in Q1 2027.

Gravity surveys are slated for Q2 2027, with a full technical review and target ranking expected by June 2027 for final exploration decisions. Alien Metals also owns stakes in the Munni Munni platinum-group metals project and the Elizabeth Hill Silver Project in the Pilbara region.