Alien Metals boasts multiple opportunities for value creation21 May 2022 13:52
"The Alien has recently acquiring the remaining stake in what is thought to be one of Australia’s largest platinum group metals (PGE) deposits.
Alien Metals is undertaking a series of concurrent studies across their portfolio of assets and promises a steady flow of market updates throughout 2022.
Alien Metals currently has a market cap of £28m which one may argue doesn’t fairly reflect the strength of their portfolio of assets, when compared to other junior miners of a similar valuation. Indeed, analysts at WH Ireland gave Alien Metals a 2.7p price target in April.
In March 2022 Alien Metals deepened their exposure in Australia with the acquisition of 100% interest in Munni Munni Platinum Group Metals and Gold Project in the West Pilbara, Western Australia. The Munni Munni project is held in high esteem and thought to be one of the most significant PGE resources in Australia.
A recent study found the project to hold 10m/t of “high-quality product with very little adverse deleterious minerals’. The costs associated with bringing the asset into production are also highly attractive. Hamersley benefits from low capital requirements aided by adequate infrastructure and access to the Port Hedland Public Ore Terminal.
The ability to employ surface mining techniques helped to achieve low estimates of $60 per tonne Free on Board costs for Alien’s iron ore offtake. Spot prices for Dalian 62%-grade iron ore have been having around $130 per tonne.
Bill Brodie Good, Alien Metals CEO, said they were working to ‘get this project into production within a very short timeframe.’
https://ukinvestormagazine.co.uk/alien-metals-boasts-multiple-opportunities-for-value-creation/
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