Further to the exclusivity agreement for a potential farm-out of an interest in its Donovan 2 Copper-Gold project that was detailed on 9 September 2020, Alien has this morning announced its execution of an Earn-in Agreement (the ‘Agreement’) with Capstone Mining Corp. (‘Capstone’) (TSX:CS).
This transaction, which is in accordance with the Group’s stated business model of unlocking value across its portfolio, is expected to result in significant exploration investment in Donovan 2 over the next few years as the project progresses through to feasibility studies. It also releases Alien’s management team to focus their exploration efforts on both the 51%-owned Hamersley Iron Ore projects and 100%-owned Elizabeth Hill Silver Project in Western Australia, while also commencing a maiden drilling programme at its 100%-owned Los Campos and San Celso silver projects in Mexico.
With prices of its exploration metals recently hitting multi-year highs as demand soars on the back of aggressive monetary policy and governmental stimulus boosting expectation of significant post-Pandemic infrastructure investment, Alien’s share price might now anticipate further potential for highimpact results across the Group’s exploration portfolio.
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.
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