{"id":87693,"title":"TPI provides its latest research note on Alien Metals Limited (UFO.L)","publisher":"Share Talk","author":"sharetalk","published":"2021-09-22T08:14:16+00:00","modified":"2021-09-22T08:14:16+00:00","canonical_url":"https://www.share-talk.com/tpi-provides-its-latest-research-note-on-alien-metals-limited-ufo-l-15/","markdown_url":"https://www.share-talk.com/tpi-provides-its-latest-research-note-on-alien-metals-limited-ufo-l-15.md","json_url":"https://www.share-talk.com/tpi-provides-its-latest-research-note-on-alien-metals-limited-ufo-l-15.json","category":"Investment Reports","categories":["Investment Reports","Mining"],"tags":["Alien Metals","Alien Metals Ltd","Bill Brodie Good","Brockman Iron","Capstone Mining Corp","development","Donovan 2","drilling","Elizabeth Hill Silver projects","Exploration","Gold","Hamersley Group","Hancock Ranges","Iron Ore","John Battista","Los Campos","maiden","Mexico","mining exploration","Pilbara region","San Celso","silver","UFO","Western Australia","Western Ridges","Zacatecas Region","Zacatecas State"],"featured_image":"https://i0.wp.com/www.share-talk.com/wp-content/uploads/2023/11/Stencil-Google-Chrome-2023-04-19-at-2.47.43-PM.jpeg?fit=1231%2C615&ssl=1","format":"news","language":"en-GB","content":"Alien has announced a much-anticipated [maiden iron ore resource estimate](https://www.share-talk.com/alien-metals-limited-ufo-l-maiden-iron-ore-resource-in-excess-of-10mt/#gs.bxvkeu) (‘MRE) in excess of 10Mt Direct Shipping Ore (‘DSO’) on its Hancock Iron Ore Project in the Pilbara region of Western Australia.\n\nThe initial Inferred JORC compliant resource stands at 10.4Mt @ 60.4% Fe including 7.8Mt @ 60.1% at the Sirius Extension target, 1.5Mt @ 61.2% on the Ridge E target and 1.1Mt @ 61.9% Fe at the Ridge C target. Yet with not even a quarter of the available ridge targets having been tested, the Board is confident there remains considerable potential to define substantially further accessible DSO grade material.\n\nAccordingly, it is now pushing ahead with detailed development and study work to bring this online as soon as is practical while planning continues for its Phase 3 drilling program which should ensure news flow remains heavy into 2022.\n\n[Read More](https://turnerpope.us18.list-manage.com/track/click?u=d9ebd7c1aa0f3dbc5fab42eca&id=bef5bb720d&e=12285cb806)\n\n \n\nWe would draw your attention to the various disclaimers in the document both at the beginning and at the end of the note. Retail clients (as defined by the rules of the FCA) must not rely on the research document. In particular you should note that the research document is a non-independent marketing communication. The analyst who has prepared the research is aware that TPI provides research to Alien Metals Limited. Accordingly the research has not been prepared in accordance with legal requirements designed to promote the independence of investment research and is not subject to any prohibitions on dealing ahead of its dissemination.\n\nThe information in the document is published solely for information purposes and is not to be construed as a solicitation or an offer to buy or sell any securities or related financial instruments. The material contained in the document is general information intended for recipients who understand the risks associated with equity investment in smaller companies. It does not constitute a personal recommendation as defined by the FCA or take into account the particular investment objectives, financial situation or needs of individual investors nor provide any indication as to whether an investment, a course of action or the associated risks are suitable for the recipient.\n\n**Copyright © 2021 Turner Pope Investments (TPI) Limited, all rights reserved.**"}