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An announcement from Alien Metals Ltd ( (GB:UFO) ) is now available.
Alien Metals has highlighted new exploration findings from its Munni Munni platinum group metals, copper and nickel joint venture in Western Australia, where partner GreenTech Metals is re-evaluating historic drilling data. The review of more than 300 holes suggests high-grade PGE zones and additional copper-nickel mineralisation were not fully reflected in the historic 24Mt resource, and that shallow eastern zones could lend themselves to open-pit mining.
These results underpin plans for an expanded re-estimation of the Munni Munni resource to modern JORC 2012 standards and come as GreenTech completes a maiden drilling and resampling campaign, with assays due in mid-April. Any material resource uplift or clearer path to open-cut development would strengthen Alien’s exposure to a major PGM system at limited capital risk, reinforcing its broader Pilbara-focused growth strategy built around iron ore and high-value precious and base metal assets.
The most recent analyst rating on (GB:UFO) stock is a Hold with a £0.21 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 UFO Stock
According to Spark, TipRanks’ AI Analyst, UFO is a Neutral.
The score is held back primarily by weak financial performance (no revenue, ongoing losses, and negative free cash flow) despite improved 2024 loss and cash-burn trends and low leverage. Technicals are comparatively strong with price above key moving averages and positive MACD, while valuation remains constrained by the company’s loss-making profile and lack of dividend support.
To see Spark’s full report on UFO stock, click here.
More about Alien Metals Ltd
Alien Metals Ltd is a mining exploration and development company listed on AIM in London, focused on iron ore and precious and base metals projects in Western Australia’s Pilbara region. Its flagship asset is the 90%-owned Hancock Iron Ore Project, which hosts a JORC-compliant resource and is being advanced toward a long-life, 2Mtpa mining operation supported by nearby export infrastructure at Port Hedland.
The company also holds interests in the Brockman and Vivash iron ore projects and maintains exposure to advanced precious and base metal assets, including a 30% free-carried stake in the Munni Munni PGM-gold joint venture with GreenTech Metals and a 30% interest in the Elizabeth Hill Silver Project. This portfolio strategy combines project advancement with partnerships and selective monetisation to enhance shareholder value while pursuing disciplined acquisitions.
Average Trading Volume: 121,532,523
Technical Sentiment Signal: Strong Sell
Current Market Cap: £12.2M
For detailed information about UFO stock, go to TipRanks’ Stock Analysis page.