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Alien Metals Ltd (LSE AIM:UFO), a minerals exploration and development company, is pleased to provide an update regarding the Company’s high-grade silver project located at Elizabeth Hill, Western Australia.
The Company has entered into a 60 day exclusivity arrangement with the owner of the tailings on site within the Elizabeth Hill Mining Licence, using this period to carry out further assessment of the tailings in situ and potentially negotiate an acquisition by Alien of the rights and title to the Elizabeth Hill tailings project, if terms can be agreed between the parties.