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Alien Metals Ltd ( (GB:UFO) ) has provided an announcement.
Alien Metals Ltd announced significant progress in its Elizabeth Hill Silver Project, with its joint venture partner Errawarra Resources Ltd preparing for a maiden drill program. The drilling campaign, expected to start in four to six weeks, aims to explore extensions of one of Australia’s highest-grade historical silver deposits, potentially unlocking significant value. The project involves finalizing high-priority drill targets, ongoing soil sampling, and geological mapping, with a focus on converting historical resources to comply with modern standards, underscoring the effective partnership and commitment to advancing this high-potential asset.
More about Alien Metals Ltd
Alien Metals Limited is a mining exploration and development company listed on the AIM market of the London Stock Exchange. The company focuses on delivering a profitable direct shipping iron ore operation from its Hancock iron ore project in the Pilbara region of Western Australia. Alien Metals also has interests in other iron ore exploration projects and owns one of Australia’s largest PGM deposits, Munni Munni. Recently, the company entered into a joint venture with Errawarra Resources Limited for the development of the Elizabeth Hill Silver Project.
YTD Price Performance: 6.25%
Average Trading Volume: 40,498,977
Technical Sentiment Signal: Buy
Current Market Cap: £6.38M
See more data about UFO stock on TipRanks’ Stock Analysis page.