Alien Metals Ltd - Mineral explorer and developer in Australia, Mexico and Greenland - Says subsidiary Iron Ore Company of Australia Pty Ltd completes initial investigations on direct ore shipments at tenement E47/5001, which adjoins the Hancock project in the East Pilbara, Hamersley ranges in Australia. Says iron ore has been identified and notes the potential for exploration.

Current stock price: 0.36 pence, up 5.9% on Wednesday in London

12-month change: down 43%

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