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Alien Metals Ltd ( (GB:UFO) ) just unveiled an announcement.
Alien Metals Limited has announced the awarding of a Phase 2 drilling contract at the Elizabeth Hill Silver Project to Wallis Drilling Pty Ltd. This phase will include diamond and air core drilling to explore near-surface mineralization and potential depth extensions. Recent assays have revealed high-grade silver intercepts, supporting the potential to expand the mineralized footprint around the historical mine. This development is significant for Alien Metals as it maintains exposure to silver upside while preserving its financial resources, potentially enhancing its position in the silver mining industry.
More about Alien Metals Ltd
Alien Metals Limited is a minerals exploration and development company, focusing on high-grade silver projects. The company holds a 30% interest in the Elizabeth Hill Silver Project in Western Australia, which is operated by its joint venture partner, West Coast Silver Limited.
Average Trading Volume: 180,496,006
Technical Sentiment Signal: Buy
Current Market Cap: £21.68M
For an in-depth examination of UFO stock, go to TipRanks’ Overview page.