Alien Metals Limited (LSE:UFO) reported notable progress in the first half of FY2025, including a more than 50% expansion of its Hancock Iron Ore Project through newly acquired exploration leases, alongside a significant increase in its exploration target. The company also entered a joint venture for its Elizabeth Hill Silver project, retaining a 30% stake, and gained interests in the Pinderi Hills Project, which shows potential for copper, nickel, and platinum group metals.
On the financial side, Alien Metals raised £1 million and extended its funding facility, enhancing its position amid a favorable market environment for iron ore and critical minerals.
About Alien Metals Limited
Alien Metals is a minerals exploration and development company focused on its Hancock Iron Ore Project in the Pilbara region, as well as a broader portfolio including precious and base metals at Pinderi Hills. The company’s activities cover iron ore, silver, nickel, copper, and platinum group elements, aiming to advance high-potential mining assets in strategic locations.
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