IN BRIEF: Alien Metals focused on Hancock project as loss narrows

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Alien Metals Ltd - Australia-focused minerals explorer and developer - Pretax loss narrows to $1.6 million in 2024 from $3.7 million in 2023. Administration expenses fall to $1.4 million from $2.7 million, other losses drop to $77,000 from $1.2 million. Alien’s core focus remains the Hancock iron ore project. It says significant work has been done in moving this project towards production. Further work remains to be done in optimising the development pathway and the funding structure. ‘We continue to review potential joint venture interest in the project,’ Alien Metals says. In addition, the company says Elizabeth Hill and Munni Munni will benefit from strategic joint venture partnerships, while it has laid the groundwork for significant 2025 field programs at Brockman and Vivash Gorge.

Current stock price: 0.080 pence, unchanged in London on Tuesday

12-month changed: down 38%

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