Alien Metals Limited NPV (DI) (UFO)

Sector:

Mining

Index:

FTSE AIM All-Share

0.17p
   
  • Change Today:
      0.010p
  • 52 Week High: 0.49
  • 52 Week Low: 0.12
  • Currency: UK Pounds
  • Shares Issued: 6,362m
  • Volume: 22,626,005
  • Market Cap: £10.50m
  • RiskGrade: 512

Alien Metals upbeat on mapping and sampling at Hamersley

By Josh White

Date: Friday 09 Oct 2020

LONDON (ShareCast) - (Sharecast News) - Minerals exploration and development company Alien Metals announced on Friday that its technical team has completed the follow-up detailed geological mapping and sampling programme at the Hamersley Iron Ore Projects.
The AIM-traded firm said detailed geological mapping and sampling had been completed over four of the five priority prospects targeted as part of the site visit.

Field observations indicated that the BHP 19 and BHP 20 prospects could be part of the same larger system.

Additional prospective iron ore units were also mapped at the Brockman Iron project.

Aliens aid the programme was successful in validating its previously-announced maiden exploration targets across both projects.

A total of 95 samples were taken across the projects, with assay results expected in late October.

Final results from sample assays and detailed mapping would assist with the preparation of a maiden drilling campaign, the board explained.

"The findings from the recently completed field programme are extremely pleasing and further validate the company's exploration targets," said chief executive officer Bill Brodie Good.

"The field work has expanded upon the previous site visit, with the validation of recent research and the potential increase in projected DSO mineralisation within both tenements.

"It should be noted that the field team advised how busy both areas were in terms of neighbouring companies working in the region which further encourages us to push on with both projects."

Brodie Good said the company's technical team was now compiling and finalising the geological mapping across the Hamersley projects, which would provide "valuable information" ahead of the maiden drilling programmes.

"With over 90 samples collected from only four prospects in a few days, we are very encouraged and look forward to some excellent analytical results to complement the visible interpretations made by the team.

"We are already considering the follow-up programme to cover the fifth target not reached yet which in itself still has great potential."

At 1312 BST, shares in Alien Metals were up 10.38% at 0.73p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

UFO Market Data

Currency UK Pounds
Share Price 0.17p
Change Today 0.010p
% Change 6.45 %
52 Week High 0.49
52 Week Low 0.12
Volume 22,626,005
Shares Issued 6,362m
Market Cap £10.50m
RiskGrade 512

UFO Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
57.74% above the market average57.74% above the market average57.74% above the market average57.74% above the market average57.74% above the market average
11.94% below the sector average11.94% below the sector average11.94% below the sector average11.94% below the sector average11.94% below the sector average
Price Trend
83.07% below the market average83.07% below the market average83.07% below the market average83.07% below the market average83.07% below the market average
61.38% below the sector average61.38% below the sector average61.38% below the sector average61.38% below the sector average61.38% below the sector average
Income Not Available
Growth Not Available

UFO Dividends

No dividends found

Trades for 02-May-2024

Time Volume / Share Price
14:00 345,911 @ 0.17p
12:54 1,100,000 @ 0.17p
12:42 147,088 @ 0.17p
12:26 92,941 @ 0.17p
12:19 240,029 @ 0.17p

UFO Key Personnel

Finance Director Guy Adrian Robertson
CEO Troy Whittaker

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