Alien buys historic Australian silver mine

Aim-quoted Alien Metals will buy the past-producing Elizabeth Hill silver project, which has an “exceptionally” high mine head grade averaging 2 195 g/t silver or 70.24 oz/t. The project, located 40 km from the Dampier port in Western Australia, was mined between 1998 and 2000 through underground mining, primarily between the 62 m and 102 m levels. It produced 16 800 t of ore, generating 1.17-million ounces.