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 subsidiary inks bunker sharing proposal in Pilbara

By Josh White

Date: Friday 04 Nov 2022

LONDON (ShareCast) - (Sharecast News) - Minerals explorer and developer Alien Metals announced on Friday that its wholly-owned subsidiary, Iron Ore Company of Australia (IOCA), has entered a memorandum of understanding for the sharing of bunker allocation at the Pilbara Ports Authority's Utah Point export facility with the ASX-listed Element 25.
The AIM-traded firm said the memorandum was in relation to its Hancock iron ore project in the Pilbara region of Western Australia.

It said the agreement would provide a framework for the sharing of the E25 existing bunker allocation at Utah Point, as well as the sharing of offsite storage capacity within the proximity of the Port Hedland Port.

The memorandum would also provide for partnership opportunities in relation to sub-contractor engagement, targeting operational flexibility and reductions to logistics costs; and to improve bunker utilisation and overall net tonnage throughput.

It would also see the review of investment opportunities to both parties' benefit, with IOCA and E25 set to work towards executing a formal agreement in the first quarter of 2023.

E25 is a manganese producer located immediately south of Newman, Western Australia, while Alien said discussions were continuing with the Pilbara Ports Authority regarding an independent allocation at Utah Point for IOCA.

"Execution of this memorandum of understanding with E25 is an important step towards unlocking the export capacity required for Hancock," said Alien chairman Roderick McIllree.

"We will continue to work with the Pilbara Ports Authority to obtain an independent export allocation at the Utah Point facility in line with our production profile over time however this MoU not only gives us immediate access but also potentially paves the way for IOCA to increase its production capacity through Port Hedland to more than our stated 1.2 million tonnes per annum."

At 1301 GMT, shares in Alien Metals were up 1.51% at 0.47p.

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 0.13p
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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