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✅ Deal Complete: #UFO finalises JV with @errawarra (to become West Coast Silver)
🪙 @AlienMetals retains 30% free carried to decision to mine at one of 🇦🇺’s highest-grade #silver projects
💰 12.1% $ERW stake
🚀 Drilling kicks off imminently

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Alien Metals secures JV partner for silver project By Investing.com

Alien Metals secures JV partner for silver project

www.investing.com

We are pleased to announce that we have signed a significant transaction.

Key facts of this announcement:
A$3m raise secured – This has been backed by institutional and sophisticated investors to kick off our drilling programme soon at EH.

RNS in full:
https://www.londonstockexchange.com/news-article/UFO/significant-transaction-to-secure-jv-partner/17045038

📍Elizabeth Hill pXRF surface results up to 920g/t Ag recorded — with high grades 150–300m outside historic mine zone.

👉 @errawarra shareholder approval 19th May
👉 Drilling kicks off in the coming weeks.

#UFO $ERW #SilverExploration #Geology #Ag #Silver #drilling

Why Alien Metals?

Direct Shipping Ore

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

#1 Mining Jurisdiction

Western Australia is the safest and most politically stable jurisdiction globally

Local Infrastructure

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

Exploration

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

Experienced Team

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