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An update from Alien Metals Ltd ( (GB:UFO) ) is now available.
Alien Metals said joint venture partner West Coast Silver has begun a 4,000m reverse circulation drilling campaign at the high-grade Elizabeth Hill Silver Project near Karratha in Western Australia’s Pilbara. The programme targets shallow extensions of silver mineralisation along the Munni Munni Fault, building on 2025 high-grade results to grow the project’s footprint and support West Coast Silver’s first mineral resource estimate and future economic studies.
All planned holes are designed to intersect the key fault zone within about 150 metres of surface, a depth considered conducive to potential open-pit, lower-cost development if sufficient resources are defined. For Alien Metals, which retains a 30% free-carried interest in Elizabeth Hill, successful drilling could enhance its portfolio value and strengthen its exposure to silver alongside its core iron ore developments in the region.
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 London AIM-listed minerals exploration and development company focused primarily on iron ore and precious and base metals projects in Western Australia’s Pilbara region. Its key asset is the 90%-owned Hancock Iron Ore Project, alongside interests in the Brockman and Vivash iron ore projects and minority stakes in the Munni Munni PGM project and the high-grade Elizabeth Hill Silver Project via joint ventures.
Average Trading Volume: 129,925,400
Technical Sentiment Signal: Sell
Current Market Cap: £11.62M
See more data about UFO stock on TipRanks’ Stock Analysis page.