Alien Metals Ltd has a diverse portfolio of commodities to develop

() said it will increase its interest in the Hamersley Iron Ore Direct Shipping Ore (DSO) project, in the Pilbara region of Western Australia, to over 90%.

The acquisition provides increased flexibility to fund the project via a joint venture, partial sale or spin off, it said.

Alien currently has a 51% direct interest in the project, with the remaining 49% held by Windfield.

Under a share sale agreement, Alien will acquire an 80% interest in Windfield and so take its direct and indirect holding in the project to 90.2%. Alien has agreed to acquire Windfield on the basis that its sole asset will be the interest in the project.