Alien Metals Ltd (GB:UFO) has released an update.
Alien Metals Ltd, partnering with Errawarra Resources, has announced promising exploration results at their Pinderi Hills project in Western Australia, uncovering a significant 6km2 lithium soil footprint suggestive of lithium-bearing pegmatites. The joint venture’s initial sampling program across the 175 km2 tenement package has identified multiple lithium soil trends, stream sediment samples with elevated Li2O, and an isolated high-grade rock chip sample, with follow-up work to focus on these findings. This discovery, part of a broader initiative to develop profitable mining operations in the region, has the potential to enhance the company’s asset portfolio and contribute to the lithium supply chain.
For further insights into GB:UFO stock, check out TipRanks’ Stock Analysis page.