‘Alien is still trading at a deep discount to the implied value of its two JV participations’

Turner Pope Investments

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1/2 – @AlienMetals (AIM: UFO) reports further assay results from diamond drilling at the Elizabeth Hill Silver Project in Western Australia.

– 67.1m @ 19 g/t Ag from surface
– 48.5m @ 19 g/t Ag from 1.5m
– Near-surface silver zone extended beyond the current MRE block model

Alien Metals (AIM: UFO) reports further drilling results from its 30%-owned Elizabeth Hill Silver Project in Western Australia, including 67.1 metres at 19g/t silver from surface and 48.5 metres at 19g/t silver from near surface. Drilling has extended the broad silver

Why Alien Metals?

Keeps operating costs down and the mine profitable even at lower iron ore prices

Western Australia is the safest and most politically stable jurisdiction globally

The Pilbara produces ~30% of global iron ore and thus has excellent local infrastructure and expertise

The potential for a major discovery to be made within the company’s various project areas is very high. Hancock, the soon to be in production direct shipping iron project in the Pilbara is the most advanced example of this with less than 75% of the overall area having been tested but already hosting more than 10mt of exploitable material

Under new leadership in both the UK and Australia (IOCA) the rate of progress continues to accelerate