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

Alien has successfully completed a detailed geological mapping and sampling programme at the Group’s Hamersley Iron Ore Projects.

Test work completed over four of the five planned priority targets indicate that the BHP 19 and BHP 20 prospects may be part of the same, larger system. Having now also validated previously announced Maiden Exploration Targets across both projects, the Group is now preparing a Program of Works (‘POW’) for submission ahead of drilling.


With spot prices soaring to multi-year highs this past week (touching US$130/tonne for DSO or 60% Fe Iron Ore) as demand from China and other countries spiked 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.

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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 © 2019 Turner Pope Investments (TPI) Limited, all rights reserved.

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