Alien Metals Ltd ( (GB:UFO) ) has shared an update.
Alien Metals Limited has announced that its joint venture partner, Errawarra Resources Ltd, has commenced fieldwork at the Elizabeth Hill Silver Project in Western Australia. This marks a significant step in the exploration strategy, with the geological team mobilizing swiftly to conduct exploration activities that will inform the upcoming drill campaign. The fieldwork aims to identify high-priority silver targets and involves historical core review, soil sampling, and structural mapping. This initiative is expected to unlock further value from the historically significant silver asset, with Alien Metals retaining upside exposure without funding obligations during this phase.
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 Western Australia, and it owns the Elizabeth Hill Silver Project, which has produced some of Australia’s highest-grade silver ore.
YTD Price Performance: 6.25%
Average Trading Volume: 36,604,721
Technical Sentiment Signal: Buy
Current Market Cap: £6.38M
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