Alien Metals Share News (UFO)

UK shareholder meetings calendar - next 7 days

IN BRIEF: Alien Metals hails high grade direct ship ore at project

Alien Metals Ltd - Australia-focused minerals exploration and development company - Touts find of high grade ship ore at Hancock iron ore project in the Pilbara region of Western Australia. Says 13 diamond core holes were drilled in the second quarter of 2023 for a total of 1,049 metres at its Sirius deposit. Significant results from the final tranche of assays include 60.9% iron from 1 metre including high-grade intercepts of 40 metres at 61.5% iron from 13 metres from drill hole 23IHD013. Chief Executive Officer Troy Whittaker says: "These significant results continue to showcase the abundant potential we have at our Hancock project. The results demonstrate high-grade, direct ship ore at substantial intersections which continue to underpin further confidence in the resource."

TRADING UPDATES: URA orders Gravelotte parts; Kefi sustains progress

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

Alien Metals selects contractor for Hancock crushing and screening

(Sharecast News) - Alien Metals announced the selection of Rapid Crushing & Screening Contractors as its preferred supplier for crushing and screening services at flagship Hancock Iron Ore Project on Wednesday.

Alien Metals selects Rapid Crushing as contractor for Hancock

(Alliance News) - Alien Metals Ltd on Wednesday said that its wholly-owned subsidiary, Iron Ore Company of Australia Pty Ltd, has chosen a supplier to undertake crushing and screening operations at the Hancock iron ore project in Western Australia.

Alien Metals chooses Regroup as primary contractor for Hancock

(Sharecast News) - Minerals explorer and developer Alien Metals announced on Wednesday that its subsidiary, Iron Ore Company of Australia (IOCA), has chosen Regroup Australia as its primary contractor.

Alien Metals selects Regroup as contractor for Hancock

(Alliance News) - Alien Metals Ltd on Wednesday said that its wholly-owned subsidiary, Iron Ore Co of Australia Pty Ltd, has chosen a contractor for the Hancock iron ore project in Western Australia.

Alien Metals cancels second tranche of short-term funding

(Sharecast News) - Minerals explorer and developer Alien Metals announced on Friday that, having raised £2m through a placing, it had informed its lender Bennelong that it would not be drawing on the second tranche of funding.

Alien Metals cancels second tranche of short term lending agreement

(Alliance News) - Alien Metals Ltd on Friday said it has issued a notice to cancel the second tranche of funding from its short term lending agreement.

IN BRIEF: Alien Metals raises GBP2 million through share placing

Alien Metals Ltd - Australia-focused minerals exploration and development company - Completes and closes placing announced on Wednesday. Raises GBP2 million through the placing of 1.0 billion shares at a price of 0.2 pence each. Placing price represented a discount of 29% to the company's closing price of 0.28p on Tuesday, the last day before the initial announcement. Proceeds will be used to fund UK and Australian salaries, overheads, corporate activities and working capital until early 2024, Alien Metals says. They will also be used for funding exploration activities.

IN BRIEF: Alien Metals proposes discounted placing for GBP2 million

Alien Metals Ltd - London-based minerals exploration and development company with five projects in Western Australia - Announces intention to raise gross proceeds of up to GBP2 million by means of a placing of new common shares, at a price of 0.2 pence each. The placing price represents a discount of 16% to the closing price of 0.28p per common share on August 8. The placing will be conducted by way of an accelerated bookbuild.

AIM WINNERS & LOSERS: Ilika up as inks 10-year manufacturing licence

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Friday.

IN BRIEF: Alien Metals hires new chair as acting CEO stays on

Alien Metals Ltd - London-based minerals exploration and development company with five projects in Western Australia - Hires Alwyn Vorster as non-executive chair, cites his "extensive" experience in bulk commodities particularly iron ore. Vorster was previously interim chief executive officer of Hastings Technology Metals Ltd; he has also worked at BCI Minerals, Aquila Resources Inc and Rio Tinto PLC, and is a director at Arrow Minerals Ltd and ChemX Materials Ltd. Incumbent Executive Chair Guy Robertson will transition to new role as executive finance director. Troy Whittaker is also officially promoted to chief executive officer having "been acting as" group CEO since December 2022.

IN BRIEF: Alien Metals shares fall as feasibility study begins

Alien Metals Ltd - Australia-focused precious and base metals explorer and developer - Says its wholly-owned subsidiary, Iron Ore Company of Australia Pty Ltd, has begun work on the definitive feasibility study for the company's Hancock Iron Ore project in Western Australia. The study will optimise the mine plan, infrastructure layouts, and the final capital and operating cost estimates for the project.

IN BRIEF: Alien Metals says iron ore identified at Hancock project

Alien Metals Ltd - Mineral explorer and developer in Australia, Mexico and Greenland - Says subsidiary Iron Ore Company of Australia Pty Ltd completes initial investigations on direct ore shipments at tenement E47/5001, which adjoins the Hancock project in the East Pilbara, Hamersley ranges in Australia. Says iron ore has been identified and notes the potential for exploration.