Alien Metals Limited NPV (DI) (UFO)

Sector:

Mining

Index:

FTSE AIM All-Share

 0.13p
   
  • Change Today:
      0.000p
  • 52 Week High: 0.49
  • 52 Week Low: 0.12
  • Currency: UK Pounds
  • Shares Issued: 6,362m
  • Volume: 9,365,607
  • Market Cap: £8.27m
  • RiskGrade: 512

Alien Metals gets all required approvals for Zacatecas drilling

By Josh White

Date: Thursday 10 Feb 2022

LONDON (ShareCast) - (Sharecast News) - Alien Metals updated the market on its high-grade silver and copper-gold projects in Zacatecas, Mexico on Thursday, confirming it now had all of the necessary permissions to begin drilling on its 100% owned Los Campos and San Celso Silver Projects, and the Donovan 2 Copper-Gold Project.
The AIM-traded firm said drilling at San Celso and Los Campos would target the mineralised vein systems previously exploited for their high-grade silver, where head-grades in excess of 1,000 grams of silver per tonne were historically reported.

Drilling at Donovan 2, meanwhile, would target a "potentially significant" copper zone that had been associated with a previously-reported surface anomaly of 3.34% copper.

The Alien management team said it had fostered a "strong relationship" with the local community to gain the social licence to operate, and planned to start drilling as soon as the geological team was mobilised, and a rig secured.

"We are extremely pleased to have all the statutory and local permits now in place for our three Mexico projects," said chief executive officer and technical director Bill Brodie Good.

"The in-country team has worked tirelessly in very difficult conditions to get to this point.

"Subsequently, we are very excited to commence the drilling programmes as soon as possible."

Brodie Good said by combining the three programmes into a single, larger programme, Alien would reduce overall costs and complete the programme more quickly.

"The strong market dynamics for both silver and copper, coupled with the geological potential of these projects, provides Alien shareholders with very strong leverage to any drilling success, so we are keen to get the rods turning and generating results."

At 1134 GMT, shares in Alien Metals were up 2.56% at 1p.

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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 0.13p
Change Today 0.000p
% Change 0.00 %
52 Week High 0.49
52 Week Low 0.12
Volume 9,365,607
Shares Issued 6,362m
Market Cap £8.27m
RiskGrade 512

UFO Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
62.70% above the market average62.70% above the market average62.70% above the market average62.70% above the market average62.70% above the market average
5.34% below the sector average5.34% below the sector average5.34% below the sector average5.34% below the sector average5.34% below the sector average
Price Trend
83.89% below the market average83.89% below the market average83.89% below the market average83.89% below the market average83.89% below the market average
67.83% below the sector average67.83% below the sector average67.83% below the sector average67.83% below the sector average67.83% below the sector average
Income Not Available
Growth Not Available

UFO Dividends

No dividends found

Trades for 28-Mar-2024

Time Volume / Share Price
16:27 3,739 @ 0.13p
15:47 500,000 @ 0.12p
15:47 3,739 @ 0.13p
15:47 500,000 @ 0.14p
15:11 400,000 @ 0.12p

UFO Key Personnel

Finance Director Guy Adrian Robertson
CEO Troy Whittaker

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