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Lots o look forward to.....
Bill Brodie Good, CEO & Technical Director of Alien Metals, commented:
"We are really pleased to have delineated in excess of 10Mt of DSO iron ore with our initial MRE at Han****. With only a quarter of the Western Ridges targets tested to date, we believe there is considerable scope to grow the DSO resource over the next 6 months.
"Having a sizeable maiden resource is encouraging; having DSO material with low impurities is even more pleasing and we are pushing ahead on the scoping study work with Mining Plus and continued planning for the Phase 3 drilling programme."
Figure 1 shows the location of the Han**** Project and Table 1 shows the mineral resource statement. The Han**** Project, tenement number E47/3954, is approximately 10 km north of Newman in the prolific iron ore producing Pilbara region of Western Australia.
Hang on to yout hairpieces....news can't be far off.
Encouragingly, the mineralised envelope at Elizabeth Hill is clearly larger than modelled by previous explorers, with this initial drilling demonstrating complex pervasive multi phase mineralisation evident in the wider envelope tested to date. From visual inspection of the core there appears to be some significant mineralisation outside of the historic silver orebody which was what the Company believed to be the case following the recent detailed data review.
Logging and core-cutting has commenced with the first batch of samples due to be dispatched to Perth in the coming days.
Bill Brodie Good, CEO & Technical Director of Alien Metals, commented:
"As we have previously mentioned, the West Pilbara is recognised as a world class mineral province with the potential to discover significant new deposits of nickel, copper, silver and PGMs. We believe the historic Elizabeth Hill silver mine, located between two major intrusive units, is one of the most prospective targets in the region for a possible volcanic massive sulphide type system, along with the PGM potential already identified in the reefs in the tenement and surrounds. While it is early days, we are extremely encouraged by these initial findings and will continue to refine the drilling program to maximise its effectiveness and results."
Smiller i am focusing on ufo just sick of hh now, but ive made my point and many can see this now. Have a good day people, just a little bit more of a rough ride but when you put 5 mill shares up
For sale and there is a buyer. That should tell you everything you need to know!!
I have few UFOs and can sleep at night.
I am an old muppet and guess what is right.
Most do the same.
One needs a lot of luck on high risk AIM.
Sorry mate the question marks were a cake but keep forgetting can't post stuff like that here.
Happy birthday ??,yep another year nearer death,I always say the same but I think it's getting too close now after many years on this planet :-(
I'm going to be positive as it's my birthday today and I managed to purchase sufficient diesel to get back to Manchester from Hertfordshire.
On the other hand, it's another birthday closer to my death.
Am I subtlety deramping myself???
Napth focus on ufo not HH
i was going to copy and paste but you literally need to go through the 1st 1-3 pages of HH's history, same narrative of subtle deramping on 99% of posts
HH the evidence is in your history, ive repeated that many a time, all any has to do is take 15-20mins to read through.
The GAME IS UP HH
I would take investing advice from peanutty unless you want to end up with peanuts lol.
I looks like the DeRampers are revolting. Double entendre intended.
@myavian. You were wrong when you said the rise a couple weeks ago was due to an imminent placing. As I explained to you, there is no need or logic for a placing at this SP.
You were also wrong last year before the significant rerate and every other time the SP makes a move up.
There are actually very few invested shareholders on this BB.
The reason why the traders such as myavian & Chris2 are upset with me is because they have dumped their shares hoping to bye back cheaper, but mis timed it again.
Now they have to buy back at higher price. Lol!
Peanutty, don’t worry. Max111 has a posting history of hundreds upon hundreds of failed predictions. It was a very painful read at times. And of course everyone who has an opinion that is not 100% optimistic 100% of the time is a (subtle) deramper trying to get in at a lower price.
I was thinking peanutty was full off b/s
I’m happy with my investment
Just makes me smile how low the derampers will go
Take peanutty you ain’t got any shares
@Peanutty. You are back with your deramping I see.
Over 3 weeks ago you said, “I have a feeling this share is going to get absolutely murdered next week. I hope I'm wrong but see a 0.45 coming” because of the large sales at end of day.
I explained to you it was a trader trying to break the 78.6% Fibo Retrace by trying to push down the SP at the close over a period of a week (why else would they dump shares at the close rather than spaced out), but they got caught out by the unexpected news from EH.
Then we had the Maiden iron ore resource in excess of 10Mt.
You say, “Elizabeth hill imo at the moment is worth zero.” You obviously haven’t done any research. EH has a JORC resource of which only ¼ was mined.
Then you say, “they released very good xrf results from donovon 2”. No they didn’t. There were only IP surveys and rock samples. No XRF from drilling.
And now they are about to use the same technique that Tech Resources used to find their copper deposit next door.
Also just Hamersley on it’s own has an upside valuation of 10p if you use an aggressive 60% discount factor.
As an investor, you have to make your own determination on the exploration target that will be converted into JORC. The company have proven highly competent at hunting the Iron Ore beds, and the targets will now be increased upwards.
Then need to add EH's valuation that is proving to also have high grade coper & nickel and being part of a much larger system!
Good luck trying to buy cheaper though. Bye for now.
Did you miss that part when I said we may be looking at 20-50 mt at han**** alone?
When a RNS vomes out with a plan to monetise this resource we will rerate massively
Fenix also have unexplored tenements, and Elizabeth hill imo at the moment is worth zero. They have released good xrf results but lest not forget they released very good xrf results from donovon 2 and during drilling found ZERO. This being said there is potential there but will take a year or two to de risk and multiple problems could possibly happen. So I just think comments like 'this is going to give life changing returns in the next 3-12 months' totally ridiculous.
At the peak of Fenix resource’s rise their market cap exceeded £115million and that was with 10.4mt
We are on the road to surpassing that with han**** alone in the region of 20-40mt
We also have brockman which is absolutely enormous.
IMO i think that a 150m -300m mcap may be justified
So 4-8p juat on the iron ore then we have EH!
Well maybe there’s more DSO to be found as where only just scratched the surface with 20% tested
Also you forget about the others tenements
Silver at Elizabeth hill for one
That’s fact check the rns
Are you actually invested here ? Curious
Or that why you putting ufo down
Good luck space cadets
@napth - I've nothing to gain by arguing or resorting to petulant name calling, but on several occasions now I've encouraged you to actually put forward some sort of evidence to back up the notion that what I write is either factually incorrect, or at least that I am making future projections based upon wildly inappropriate assumptions.
In each case you have dodged the issue and resorted to calling me a fool or an idiot that talks cr*p and accused me of de-ramping, along with challenging any who might suggest that what I have to say is of value or interest. You encourage folk to look back through my posting history, I'd ask you to do just that and if you (or anybody) else can find any case where you believe what I have written is factually inaccurate then I am happy to either defend my reasons for believing it to have been an appropriate view to hold in light of the evidence available at the time, or acknowledge that I was wrong.
Not possible to shout on a bulletin board unless I used UPPER CASE and that would be awfully rude.
If you are old enough and can remember as far back as 1968 I have been looking at the Poseidon share debacle and trying to write some stories around that. Not that UFO is remotely like Poseidon; thankfully.