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

Alien has received final laboratory analysis of assays and submitted drilling plans for its next stage of exploration at the Group’s Hamersley Iron Ore Projects.

 

 

Final Assay Results and Maiden Drilling Programme Plans at Hamersley Iron Ore Projects

These confirmed high-grade iron ore results of up to 66.95% Fe, supporting the findings from x-ray fluorescence (‘XRF’) readings that were published on 29 October 2020. As a result, drilling access at the Hancock Ranges Project, which will focus on the Kalgan prospect where laboratory results have displayed excellent levels of Direct Shipping Ore (‘DSO’), has been scoped to finalise a maiden programme that will consist of between 3,500-4,000m of RC drilling.

Launch Presentation

With the necessary Programme of Works (‘POW’) submitted and the Group’s recent £2.5m fundraising now completed, Alien is now positioned to advance not only this opportunity, but also its other highly prospective base and precious metals projects in Mexico, Australia and Greenland.

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 © 2020 Turner Pope Investments (TPI) Limited, all rights reserved.


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