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An update from Alien Metals Ltd ( (GB:UFO) ) is now available.
Alien Metals Ltd, through its joint venture with West Coast Silver Limited, has recommenced an intensive exploration campaign at the Elizabeth Hill Silver Project in Western Australia. This follows the success of their inaugural drilling program, which confirmed high-grade silver mineralization. The new phase of exploration aims to further define the scale and continuity of the deposit, with plans for mapping, geophysics, and targeted drilling. The project is significant as it seeks to unlock additional value from one of Australia’s highest-grade historical silver mines, potentially impacting the company’s operations and market positioning positively.
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 90%-owned 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 entered into a joint venture for the development of the Elizabeth Hill Silver Project.
Average Trading Volume: 160,357,526
Technical Sentiment Signal: Hold
Current Market Cap: £23.02M
For an in-depth examination of UFO stock, go to TipRanks’ Overview page.