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The latest announcement is out from Alien Metals Ltd ( (GB:UFO) ).
Alien Metals Limited has announced that its joint venture partner, Errawarra Resources Ltd, has awarded a drilling contract to West Core Drilling for the Elizabeth Hill Silver Project in Western Australia. The drilling program aims to explore high-priority targets, including near-surface mineralization and down-plunge extensions, with the potential to unlock significant value from one of Australia’s highest-grade historical silver deposits. The project is progressing with site visits and soil sampling, and drilling is expected to commence shortly after Errawarra’s shareholder meeting on 19 May 2025.
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 central Pilbara region of Western Australia. Alien Metals also has interests in two other iron ore exploration projects, Brockman and Vivash, 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.
Average Trading Volume: 40,021,930
Technical Sentiment Signal: Sell
Current Market Cap: £6.82M
Find detailed analytics on UFO stock on TipRanks’ Stock Analysis page.
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