leadf
logo-loader
viewAlien Metals Ltd

Alien Metals continues to make progress across its suite of exploration assets in Australia and Mexico

Alien's shares have gone up by more than twenty times in the past couple of months

Alien Metals Ltd -

Alien Metals Ltd (LON:UFO) has responded to a recent share price rise by informing the market about activities across its exploration and development portfolio in Mexico and Australia.

Recent field work at the Hamersley iron ore projects in Australia has now been completed, with 95 samples taken and more detailed mapping completed.

In Mexico, meanwhile, negotiations with Capstone Mining for a joint venture on the Donovan 2 copper-gold project in Mexico are continuing.

Elsewhere in Mexico, work is ongoing to secure drill permits to carry out maiden drill programs on the San Celso and Los Campos silver projects.

And back in Australia, Alien is finalising its trenching program on the Elizabeth Hill silver project, and is in the process of acquiring and processing a new data set for the new permit ELA 47/4422, which surrounds Elizabeth Hill.

The company is continuing to review other potential acquisition opportunities.

"The company is extremely pleased considering the global pandemic issues with the progress across all our projects and with the recent acquisition in Australia around Elizabeth Hill plus the field team's success in the Hamersley,” said chief executive Bill Brodie Good.

“We also have plenty in the pipeline to look forward to. We are confident that we will finalise the Capstone Mining agreement shortly and with our team in Mexico working hard to secure the necessary drilling permits are keen to start drilling at San Celso, Los Campos and Donovan 2 when able.”

Quick facts: Alien Metals Ltd

Price: 1.55 GBX

LSE:UFO
Market: LSE
Market Cap: £48.99 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Alien Metals Ltd named herein, including the promotion by the Company of Alien Metals Ltd in any Content on the Site, the Company receives from...

FOR OUR FULL DISCLAIMER CLICK HERE

Market report: Monday blues as FTSE opens red despite optimism on Christmas...

FTSE 100 eased lower as investors weighed up mixed news on the coronavirus pandemic. Reports that the Oxford vaccine will be ready by Christmas had little impact and the blue-chip index dropped 16 to 5,844. High street chemist chain Boots is set to introduce a COVID-19 test that can provide a...

3 days, 6 hours ago

2 min read