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Alien Metals Ltd ( (GB:UFO) ) has provided an update.
Alien Metals Ltd has announced the commencement of Phase 2 diamond drilling at the Elizabeth Hill Silver Project in Western Australia, operated by its joint venture partner, West Coast Silver Limited. This accelerated drilling campaign aims to build on previous high-grade silver findings and further define the extent of the silver system. The initiative underscores the company’s strategic efforts to enhance the project’s value and potential, with Alien Metals retaining a 30% free-carried interest, indicating a positive impact on its operational and market positioning.
More about Alien Metals Ltd
Alien Metals Ltd 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 Pilbara region of Western Australia. Additionally, Alien Metals owns one of Australia’s largest PGM deposits, Munni Munni, and has a joint venture with West Coast Silver Limited for the development of the Elizabeth Hill Silver Project.
Average Trading Volume: 193,081,819
Technical Sentiment Signal: Buy
Current Market Cap: £14.3M
Find detailed analytics on UFO stock on TipRanks’ Stock Analysis page.