Turner Pope Investments’ latest Research for Alien Metals (AIM:UFO)

Alien has announced the intersection of further high-grade silver and base metals mineralisation at its Elizabeth Hill Silver Project in the Pilbara Region of Western Australia.

Results from the 15 Reverse Circulation (‘RC’) drill holes completed in the second phase of its inaugural drilling programme provide further confirmation of exceptionally high-grade silver mineralisation within the historic orebody, including a significant intersection of 8m @ 4,233 g/t Ag (149oz/t Ag) from 66m.

While listing amongst the highest silver grades uncovered across Australia, the shallow southerly dipping sulphide body also contains a range of base metals including copper, nickel, cobalt, zinc and lead, which have the potential to be classed as significant associated products in a production scenario.

Indeed, today’s final batch of assay results suggests the presence of wide intersections in the eastern mafic units running parallel to Elizabeth Hill’s silver deposit with the potential to present as a significant base-metal VMS style target.

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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 © 2022 Turner Pope Investments (TPI) Limited, all rights reserved.

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