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The latest update is out from Alien Metals Ltd ( (GB:UFO) ).
Alien Metals Ltd has been granted two new exploration leases adjacent to its Hancock Iron Ore Project in Newman, Western Australia, expanding its exploration area by over 50%. This strategic expansion is expected to enhance the company’s exploration capabilities and strengthen its position in the iron ore market, with plans for further geological assessments and potential collaboration with BHP Group Limited to consolidate interests in the region.
More about Alien Metals Ltd
Alien Metals Ltd is a mining exploration and development company listed on the AIM market of the London Stock Exchange. The company focuses on delivering a profitable direct shipping iron ore operation from its 90% owned Hancock iron ore project in the central Pilbara region of Western Australia. Additionally, Alien Metals has interests in other iron ore exploration projects and one of Australia’s largest PGM deposits, Munni Munni.
Average Trading Volume: 40,934,712
Technical Sentiment Signal: Sell
Current Market Cap: £7.2M
Find detailed analytics on UFO stock on TipRanks’ Stock Analysis page.
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