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Alien Metals Ltd ( (GB:UFO) ) just unveiled an update.
Alien Metals has announced that GreenTech Metals, its proposed joint venture partner at the Munni Munni platinum‑palladium‑copper‑nickel project in Western Australia, has recommenced the Phase 1 drilling programme following a festive season pause. The up-to-6,000m programme, using both diamond and reverse-circulation rigs, is designed to verify and potentially expand Munni Munni’s historical 2.2Moz PGM and gold resource to modern JORC (2012) standards, generate metallurgical samples, and assess additional copper‑nickel potential, with drilling expected to conclude in February 2026 and assays to follow within weeks, positioning the project—and Alien’s 30% free-carried interest—for re-evaluation amid firming PGE and copper prices and the emergence of a district-scale multi-commodity hub in the West Pilbara.
The most recent analyst rating on (GB:UFO) stock is a Hold with a £0.14 price target. To see the full list of analyst forecasts on Alien Metals Ltd stock, see the GB:UFO Stock Forecast page.
Spark’s Take on GB:UFO Stock
According to Spark, TipRanks’ AI Analyst, GB:UFO is a Neutral.
The score is held down primarily by weak financial performance (no revenue, ongoing losses, and negative free cash flow despite improvement in 2024). Technical signals are moderately positive and provide some support, but valuation remains unattractive given negative earnings and no indicated dividend yield.
To see Spark’s full report on GB:UFO stock, click here.
More about Alien Metals Ltd
Alien Metals Ltd is a mining exploration and development company listed on AIM in London, pursuing a balanced strategy of advancing its portfolio through technical work, project development, and value-enhancing partnerships or selective monetisation. Its principal focus is the 90%-owned Hancock Iron Ore Project in Western Australia’s Pilbara region, which hosts a JORC-compliant resource of 8.4Mt at 60% Fe and is targeted to support a 2Mtpa operation over 10 years with road access to Port Hedland; the company also holds interests in the Brockman and Vivash iron ore projects, as well as 30% stakes in the Munni Munni PGM project via a conditional joint venture with GreenTech Metals and the Elizabeth Hill Silver Project via a joint venture with West Coast Silver.
Average Trading Volume: 75,527,515
Technical Sentiment Signal: Buy
Current Market Cap: £15.01M
For detailed information about UFO stock, go to TipRanks’ Stock Analysis page.