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Alien Metals Ltd ( (GB:UFO) ) has provided an announcement.
Alien Metals Ltd, in partnership with West Coast Silver Limited, has commenced mobilisation for a diamond drilling campaign at the Elizabeth Hill Silver Project in Western Australia. This campaign aims to explore extensions of known high-grade silver mineralisation and enhance geological understanding, using portable XRF technology for real-time data analysis. The project, historically one of Australia’s highest-grade silver mines, offers significant untapped potential, and the drilling marks a strategic step forward for the joint venture, aligning with Alien Metals’ strategy to progress its projects while minimizing shareholder dilution.
More about Alien Metals Ltd
Alien Metals Ltd 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 Western Australia. Additionally, Alien Metals owns one of Australia’s largest PGM deposits, Munni Munni, and has entered into a joint venture for the development of the Elizabeth Hill Silver Project.
Average Trading Volume: 40,330,405
Technical Sentiment Signal: Sell
Current Market Cap: £6.63M
See more data about UFO stock on TipRanks’ Stock Analysis page.