Alien has published encouraging soil sampling results from its ELA 47/4422 tenement, which includes priority prospects surrounding the Group’s Elizabeth Hill Silver Project (‘the Project’).
Anomalous trends identified appear consistent with mapped/interpreted structures and contacts, further cementing their veracity as genuine new targets to be added to an already sizeable list.
More detailed review of this data will now be undertaken in conjunction with historic information, which is expected to result in a follow-on stage of planned exploration work.
Considering the quality of recent major discoveries in the region (including Munni Munni, the major palladium/platinum (‘PGM’) deposit along with 2m ounces of gold on which Empire Metals plc (AIM:EEE) has been attempting to gain control), Alien’s Board sees increasing opportunity to identify a significant new mineral discovery and is now keen to progress the Project on several fronts.
Taking this alongside the Group’s recent successful completion of a detailed geological mapping and sampling programme on its Hamersley Iron Ore Projects, at a time when Ag, Fe and Cu spot prices have been soaring to multiyear highs as demand spiked on the back of both aggressive monetary policy and anticipation of governmental stimulus boosting expectation of significant post-Pandemic infrastructure investment, Alien’s share price might now anticipate further potential for high-impact results across its 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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