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Alien Metals Ltd ( (GB:UFO) ) has issued an update.
Alien Metals Limited announced that its joint venture partner, West Coast Silver Limited, has confirmed the presence of native silver and related minerals in four out of five initial drill holes at the Elizabeth Hill Silver Project in Western Australia. This discovery reinforces the potential of the historically high-grade silver deposit, potentially enhancing Alien Metals’ market positioning and offering promising implications for stakeholders involved in the project.
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. Alien Metals also has interests in two other iron ore exploration projects and owns one of Australia’s largest PGM deposits, Munni Munni. Additionally, the company has entered into a joint venture with West Coast Silver Limited for the development of the Elizabeth Hill Silver Project.
Average Trading Volume: 154,463,050
Technical Sentiment Signal: Sell
Current Market Cap: £12.05M
Learn more about UFO stock on TipRanks’ Stock Analysis page.