Business
Interim Results
Interim Results.
About this update from Alien Metals Ltd
[{"type":"text","content":"\n \n \n \n RNS Number : 5778N\n Alien Metals Limited\n 30 September 2021\n \n \n \n \n \n \n \n \n Trading Symbols \n \n \n AIM: UFO \n \n \n FWB: I3A1\n \n \n \n \n \n 30 September 2021\n \n \n \n Alien Metals Ltd \n \n \n \n \n (\"Alien\" or \"the Company\")\n \n \n \n \n \n \n \n Unaudited interim results for the six months ended 30 June 2021\n \n \n \n \n \n \n Alien Metals Ltd (\"Alien\" or the \"Company\") is pleased to announce its financial results for the six months ended 30 June 2021. The full interim results, with accompanying Notes, is available on the Company's website www.alienmetals.uk \n \n \n \n \n \n Dan Smith, Chairman of Alien, commented: \"The first 6-months of calendar 2021 have seen a number of positive developments for Alien. The Company has continued to advance its understanding of the Hamersley iron ore projects, which has seen two successful drilling programmes executed at the Hancock DSO prospect, with the Company having just released its maiden inferred JORC compliant resource with plenty of upside potential remaining on both tenements. Throughout the period we have also seen the benefits of our detailed data compilation at the Elizabeth Hill silver project, with the generation of a number of near-mine high-priority exploration targets and scale potential for the historic Elizabeth Hill silver deposit and have commenced an inaugural drilling programme at the project.\n \n \n \n \n \n Whilst Capstone Mining Corp decided not to proceed with the farm-in JV with the Company in June this year, the Company continues to see potential in the Donovan 2 copper-gold project in Mexico. In July, Alien advised that it had commenced an independent review for planning the next phase of exploration at the project. \n \n \n \n \n \n In addition to driving value in our existing portfolio of assets, we continue to be presented with a number of potential acquisition opportunities across a range of commodities and geographies.\" \n \n \n \n \n \n Bill Brodie Good, CEO & Technical Director, commented: \"\n We are really pleased to have delineated in excess of 10Mt of DSO iron ore with our initial MRE at Hancock. The initial Inferred JORC compliant resource stands at 10.4Mt @ 60.4% Fe including 7.8Mt @ 60.1% at the Sirius Extension target, 1.5Mt @ 61.2% a...