Alien Metals Resumes Exploration at Hancock and Reports Silver Project Progress

Alien Metals Ltd ( (GB:UFO) ) has shared an announcement.

Alien Metals Ltd has announced the restart of fieldwork at its Hancock Iron Ore Project in Western Australia, following a successful capital raise of £1,000,000. The company plans to conduct targeted rock chip sampling and assay programs to update its Exploration Target over newly awarded exploration leases. Additionally, Alien Metals’ joint venture partner, West Coast Silver, has commenced diamond drilling at the Elizabeth Hill Silver Project, resulting in a 42% increase in West Coast Silver’s share price. Alien retains a 30% interest in the project, providing significant exposure to one of Australia’s highest-grade historical silver mines.

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 central Pilbara region of Western Australia. Alien Metals also has interests in other iron ore exploration projects and owns one of Australia’s largest PGM deposits, Munni Munni.

Average Trading Volume: 44,382,196

Technical Sentiment Signal: Sell

Current Market Cap: £8.85M

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