Alien Metals Limited NPV (DI) (UFO)

Sector:

Mining

Index:

FTSE AIM All-Share

 0.085p
   
  • Change Today:
      0.000p
  • 52 Week High: 0.24
  • 52 Week Low: 0.063
  • Currency: UK Pounds
  • Shares Issued: 7,578m
  • Volume: 13,484,327
  • Market Cap: £6.44m
  • RiskGrade: 512

Alien Metals JV partner starts field work at Elizabeth Hill

By Josh White

Date: Wednesday 02 Apr 2025

LONDON (ShareCast) - (Sharecast News) - Alien Metals announced on Wednesday that joint venture partner Errawarra Resources had started field activities at the Elizabeth Hill silver project in Western Australia, as preparations advanced for a maiden drill campaign scheduled to begin within six to eight weeks.
The AIM-traded firm said the exploration programme, led by Errawarra's geological team, was focussed on refining drill targets across the 180 square kilometre tenement, which includes the historic Elizabeth Hill mine and surrounding regional prospects.

Work underway included field mapping, infill soil sampling, and a review of historical drill cores using portable x-ray fluorescence technology to identify previously unassayed elements.

Selected core samples had been sent for geochemical analysis to improve understanding of the mineralisation model.

The programme also included prospecting and structural mapping to support the identification of high-priority targets.

Alien said the exploration strategy was being developed in collaboration with external consultants and technical experts.

The joint venture was announced in late March, with Errawarra earning into the project through staged exploration expenditure.

"The commencement of fieldwork at Elizabeth Hill marks a pivotal step forward in the exploration strategy of our joint venture with Errawarra," said chairman Guy Robertson.

"The swift mobilisation of the geological team reflects the strong conviction in the project's potential and aligns with our shared ambition to unlock further value from this historically significant silver asset."

Robertson noted that Alien was free-carried through to a decision to mine, allowing it to retain meaningful upside exposure without funding obligations during the exploration phase.

"With early-stage works now underway and a maiden drill programme on the near horizon, we are excited by the momentum building at Elizabeth Hill and look forward to keeping shareholders informed as the programme progresses."

At 1036 GMT, shares in Alien Metals were down 1.65% at 0.08p.

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 0.085p
Change Today 0.000p
% Change 0.00 %
52 Week High 0.24
52 Week Low 0.063
Volume 13,484,327
Shares Issued 7,578m
Market Cap £6.44m
RiskGrade 512

UFO Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
72.28% above the market average72.28% above the market average72.28% above the market average72.28% above the market average72.28% above the market average
71.65% above the sector average71.65% above the sector average71.65% above the sector average71.65% above the sector average71.65% above the sector average
Price Trend
83.52% below the market average83.52% below the market average83.52% below the market average83.52% below the market average83.52% below the market average
52.24% below the sector average52.24% below the sector average52.24% below the sector average52.24% below the sector average52.24% below the sector average
Income Not Available
Growth Not Available

UFO Dividends

No dividends found

Trades for 12-May-2025

Time Volume / Share Price
16:15 1,107,617 @ 0.084p
16:03 313,131 @ 0.089p
15:38 510,513 @ 0.084p
15:25 161,491 @ 0.089p
15:16 50 @ 0.090p

UFO Key Personnel

Finance Director Guy Adrian Robertson
CEO Troy Whittaker

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