TPI provides its latest research note on Alien Metals Limited (UFO.L)

Alien has successfully intersected bonanza-grade silver mineralisation at its Elizabeth Hill Project (‘the Project’) in Western Australia. Results from the 4 diamond drill holes completed to date list amongst the highest of any Australian silver project.

With initial assay results supporting the management’s long-held view that the near-surface oxide expression of the deposit was never fully tested, nor its potential fully explored for both the silver and the base metals present.

The large number of results from the remaining RC drill holes, due in the coming weeks, can be expected to enable further interpretation combined with historic data in support of comprehensive follow-on work programmes capable of rapidly advancing what appears to be a very highly prospective mineralised system.

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We 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.

The 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.

Copyright © 2021 Turner Pope Investments (TPI) Limited, all rights reserved.


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