Alien Metals Limited NPV (DI) (UFO)

Sector:

Mining

Index:

FTSE AIM All-Share

0.20p
   
  • Change Today:
      0.005p
  • 52 Week High: 0.41
  • 52 Week Low: 0.12
  • Currency: UK Pounds
  • Shares Issued: 6,492m
  • Volume: 12,356,823
  • Market Cap: £12.98m
  • RiskGrade: 512

Alien Metals selects contractor for Hancock crushing and screening

By Josh White

Date: Wednesday 30 Aug 2023

LONDON (ShareCast) - (Sharecast News) - Alien Metals announced the selection of Rapid Crushing & Screening Contractors as its preferred supplier for crushing and screening services at flagship Hancock Iron Ore Project on Wednesday.
The AIM-traded firm said the Hancock project is located in the mineral-rich Pilbara region of Western Australia, and is owned by its wholly-owned subsidiary, the Iron Ore Company of Australia (IOCA).

Over the last six months, IOCA had carried out a comprehensive market analysis aimed at identifying contractors with the technical and commercial capabilities suitable for the Hancock Project.

The evaluation process included a series of pre-qualified bids, targeted engagements, and detailed scope of work discussions.

Rapid Crushing, a privately owned contractor based in Australia, had a solid track record in iron ore processing according to the Alien board.

It had previously partnered with industry majors like Fortescue Metals, and had been the incumbent contractor for Galaxy Lithium for the last six years.

The selection of Rapid Crushing was expected to support IOCA's initial scoping study, which estimated a C1 cost of approximately $60 per tonne of iron ore produced.

"We are pleased to announce that Rapid Crushing has been selected as the preferred tenderer for crushing and screening operations at our Hancock Project," said chief executive officer Troy Whittaker.

"Rapid Crushing's significant hard rock mining knowledge and experience, particularly in iron ore, will be of great benefit to our overall operations.

"We will be working closely with Rapid Crushing to finalise optimisation activities that support the accelerated definitive feasibility study work streams related to price opportunity as we prepare and execute the contractual documents."

Whittaker said the selection of Rapid Crushing finalised the material procurement efforts for the project.

"This will result in a high level of validated and secured costing for the Hancock Project."

At 1041 BST, shares in Alien Metals were up 0.91% at 0.1665p.

Reporting by Josh White for Sharecast.com.

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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 0.20p
Change Today 0.005p
% Change -2.44 %
52 Week High 0.41
52 Week Low 0.12
Volume 12,356,823
Shares Issued 6,492m
Market Cap £12.98m
RiskGrade 512

UFO Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
34.61% above the market average34.61% above the market average34.61% above the market average34.61% above the market average34.61% above the market average
31.34% below the sector average31.34% below the sector average31.34% below the sector average31.34% below the sector average31.34% below the sector average
Price Trend
83.56% below the market average83.56% below the market average83.56% below the market average83.56% below the market average83.56% below the market average
62.5% below the sector average62.5% below the sector average62.5% below the sector average62.5% below the sector average62.5% below the sector average
Income Not Available
Growth Not Available

UFO Dividends

No dividends found

Trades for 24-May-2024

Time Volume / Share Price
16:29 180,000 @ 0.20p
16:19 336,320 @ 0.20p
15:18 477 @ 0.21p
14:48 87,597 @ 0.19p
14:44 95 @ 0.21p

UFO Key Personnel

Finance Director Guy Adrian Robertson
CEO Troy Whittaker

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