The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Hi smiler - it has a lot
When silver went on a massive run guess what silver stocks went bizerk!
Alien went up multiple times - what other AIM stock has such silver assets ? High grade silver mine in Aus and silver mines in Mexico where they have produced over 1b oz of silver in the same region?
UFO owns one of the largest PGM (predominantly palladium) projects in Australia
2m oz +
Palladium up nearly 15% now $2100/oz
Gold and silver moving up
UFO will do very well as these metal prices move up
Looking forward to great 2022!!
Excellent point by Max re strategic nature of Munni Munni
Lonmin deal was around $15-20m
Australia and WA set to become an important source of PGMs in a safe jurisdiction
One needs to play long game here
Project will prove up without a doubt with Pd prices nearing $2,000, gold at $1800 and Rhodium $15,000 ball game has changed when the last studies were done some 15 years ago
HNW and insto buyers back at their desk as buyers are getting stock at 10-15% discount to placement price, expect price to get above 0.85p soon as marketing of major Pd and Pt project gets underway - blind freddy knows 2m oz Pd is worth more than zero!
Market cap pre Munni Munni Pd-Pt deal £28m
Market cap post MM deal £28m
Value of the deal therefore = zero according to traders
Go figure! Bargain of the year
Great post by MAX111
Worth asking where will we get PGMs from a safe secure source?
Will world rely on South Africa PGMs with the ESG issues associated?
Perhaps Russia to dominate PGM markets?
West Australia set to become Western Worlds source of critical PGMs for hydrogen economy
From EUA website (£500m market cap co think it was worth less than 1p a couple of years ago now 25p)
PGMS HAVE BOTH PRECIOUS AND INDUSTRIAL METAL DEMAND
Demand for use in the automotive industry remains robust due to ever more stringent, emissions control legislation and increased loadings per vehicle. The hydrogen economy presents a major new application for PGM with applications in hydrogen production, storage and fuel cells. Exchange traded funds and online platinum bullion outlets provide the same investment infrastructure as gold.
Positive sign, directors buying
1 Details of the person discharging managerial responsibilities/person
closely associated
a) Name Bill Brodie Good
---------------------------------------- -----------------------------
2 Reason for the notification
-----------------------------------------------------------------------
a) Position/status PDMR
---------------------------------------- -----------------------------
b) Initial notification/Amendment Initial notification
---------------------------------------- -----------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-----------------------------------------------------------------------
a) Name Alien Metals Limited
---------------------------------------- -----------------------------
b) LEI 213800KS2BKR6QBRHE44
---------------------------------------- -----------------------------
4 Details of the transaction(s): section to be repeated for
(i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions
have been conducted
-----------------------------------------------------------------------
a) Description of the financial Common Shares of no par
instrument, type of instrument value
Identification code VGG017351021
---------------------------------------- -----------------------------
b) Nature of the transaction Purchase
---------------------------------------- -----------------------------
c) Price(s) and volume(s) Price: 0.662p
Volume: 1,500,000
Alien moves to 100% of Munni Munni deposit one of most advance PGM projects in Australia next door to Eliz Hill Silver synergies are massive
This is great news - 2.2m oz PGM (palladium - platinum)
What is the potential value
Any comparisons on LSE ? EUA ?
Comments here spot on
Would expect share price to gradullay climb from here
Rare to see junior with £7m cash and strong major shareholders and backers
Fe Assets (value of metal over $1b - potential for cash flow 10mt min direct shipping ore)
Eliz Hill - highest grade silver deposit in Aus but clear evidence of base metals nickel and copper (shortage of deposits around and mid tier snapping up top tier jurisdiction assets see Andrew Forrest bid for Norton, IGO takeover of WA nickel miner Western Areas)
Munni Munni (PGM - Ni) rare Pd/Pt/ Ni / Rh over 2m oz (value ? Chalice $3b for 10m oz grade <1g/t vs Munni Munni 3g/t PGM. Over $4b worth of metal in the ground on a mining lease
All of the above hasn’t been properly explored since discovery in 1980’s (thats 40 years underexploration)
Mexico Silver - near producing mine
Will break 1.1-1.2p again without a doubt
Munni Munni alone will be worth now over £30m (so double current share price IMO)
Alien Silver PGM potential news
Alien expects the workings will be safe to enter by the end of the March Qtr 2022.
The company will remap and sample from inside the deposit, but it will also be able to expedite drilling of the polymetallic mineralised halo - which is the long game at Elizabeth Hill.
"Historically they focused on the silver, and parts of the area are drilled like Swiss cheese, but they never assayed for anything else, but we look at the reports and we see they recorded 30-40m of disseminated sulphides that were never assayed at all," he said.
Recent work around the mine has provided visual encouragement for the presence of nickel, copper, cobalt and PGMs.
Trenching and rock chip sampling to the south of the mine, over the J-Reef at the Natalie Hill, and the Yannery Hill prospect returned strong results, which Alien sees as confirmation of a theory that Elizabeth Hill has potential for a large VMS-style system.
Alien already had the adjacent Munni Munni North leases, and recently secured a 30% interest in the famous Munni Munni platinum project from Platina Resources for A$2.23 million, primarily in shares.
Brodie Good confirmed it has designs of Artemis Resources' remaining 70% stake and has right of first refusal.
Some $20 million has been spent at Munni Munni over the decades, including by Lonmin, which made Munni Munni its first investment outside South Africa, but it dropped the project in 2003 when the palladium price tumbled.
A JORC 2004 resource of 2.2Moz, comprising 1.14Moz palladium, 830,000oz platinum, 152,000oz gold and 76,000oz of rhodium, but it remains open along strike and at depth.
Munni Munni "sort of fizzled out", and the whole area was left on simmer, until the platinum price started its climb and Azure Minerals made the Andover nickel-copper discovery.
Suddenly, the area seemed interesting again, and Alien decided to leverage its presence in the Pilbara iron ore space as "a foot in the door".
Alien views its trio of projects as a single opportunity to be unlocked.
One of the advanced targets is the J Reef, which is an extension of the Munni Munni intrusion, and could be either part of the same system that hosts Munni Munni, or a parallel to the Ferguson Reef resources.
Alien also has an interest in the Elizabeth Hill silver tailings that were left behind from the inefficient plant that recorded recoveries of about 50-60%. In 2000 they were valued at $8 million using the considerably lower silver price of the day.
With areas now effectively under one company, Brodie Good said Alien was keen to unlock exploration synergies.
"If we can get all of Munni Munni we'd have a fantastic, large project offering a mix of local and regional exploration to better understand the mafic-ultramafic contact and the Munni Munni fault," he said.
The native silver is found at a sheared contact between the basement granite and Munni Munni
Alien leads resurrection of Pilbara silver, PGM potential
https://www.miningnews.net/leader-interviews/news/1423500/alien-leads-resurrection-of-pilbara-silver-pgm-potential
AIM-listed Alien Metals, which has been expanding its position in Western Australia’s Pilbara region over both precious and bulk commodities, has some big plans, CEO and technical director Bill Brodie Good told MNN.
Alien leads resurrection of Pilbara silver, PGM potential
The giant Elizabth Hill silver nugget attests to the potential of the area
Gold And Silver > Leader-interviews 16 December 2021 CommentsShare
Haydn Black
Reporter
Speaking from a wintery London, while overseeing a new iron ore drilling campaign in the midst of a heatwave at the Han**** iron ore project near Newman, Brodie Good said Alien was working to advance its WA projects as quickly as possible, confirming plans to re-open the Elizabeth Hill underground silver mine for the first time in 20 years.
With cash from a recent £4 million placement at 0.85p per share, the company has secured the dormant Elizabeth Hill mining team and a headframe, plus supporting machinery and equipment.
It will soon have all the pieces in place to re-open the 100m deep underground mine that produced some 1.2 million ounces of silver at grades exceeding 2195 grams per tonne.
However, Elizabeth Hill was shut down in 2000, after a trial pit and just 12 months of underground operations due to a collapse in the silver price and a spat between JV partners East Coast Minerals and Legend Mining.
At the time the silver price was around US$5 per ounce, it is now closer to $22/oz.
Accessing the existing infrastructure will offer multiple benefits, Brodie Good said, from accessing unmined areas of the orebody, to enabling an opportunity to update the resource directly from underground.
The deposit was often described as "erratic", characterised by veins and pods of pure silver, and the nuggetty effect made it challenging to define resources, so while there was an historical 4Moz resource, Alien believes it was never fully defined.
Alien believes the JV became too focused on high-grading the Elizabeth Hill orebody, before the mining became too difficult.
"It was a very significant orebody, but it was managed by a JV that wasn't a happy marriage, so it imploded before the full potential of the project was realised," Brodie Good told MNN.
"They shut it down in two days, which is amazing. They pulled their people out, stripped out anything with any value, and put a lid on it.
"I'd always liked the area, but no one had looked at it for a long time.
"We looked around and found reams of data, but had people became despondent, and so much work was not finalised."
Alien is keen to resurrect interest in the area.
Permitting is already underway to help accelerate reopening of one of WA's most significant silver mines, from which Australia's largest ever silver nugget was found.
latest CEO update on Australian Silver, Palladium, Platnium and base metals project in Western Australia
https://www.proactiveinvestors.co.uk/companies/news/969101/alien-metals-talks-exploration-and-development-plans-for-australian-portfolio-969101.html
Great sum up by MisterPositve
You dont just re-open a mine just like that - takes usually 5-7 years to start Mining
But with a mining lease in place at EH (pre native title) and approved in the 20 years ago you certainly can!
Alien at a huge advantage here - ability to get into mining and development quickly
Massive silver resource left old timers only took pure silver nuggets left the rest including nickel / copper maybe more - worth little then - assay results will soon provide more details - xmas joy for all can buy today at 10-15% discount to placement investors
WHI broker flash note out - note Silver mine plus nickel base metals potential (larger than previously know)
Alien today announces that it has purchased mining headframe, machinery and equipment to reopen and access the historic Elizabeth Hill silver mine in Western Australia. The Elizabeth Hill mine was a historically high-grade mine (production grading 2.2kg/t or 0.2% silver) and produced over a million ounces before production ceased in 2000 (not due to resource depletion). Alien has found compelling evidence that the high-grade silver resource has not been fully defined and that there is a halo of mineralisation around the silver resource which contains nickel, copper, cobalt and PGMs. Alien has been drilling in and around Elisabeth Hill to test the area and we expect assays back this month.
WHI View: Access underground (expected by the end of Q1 2022) will be key to determining whether or not there is a resource left at Elisabeth Hill. We are also interested in the wider potential of the area and the few pictures of drill holes realised by Alien show native silver in core together with copper and nickel sulphides. Alien geologists have determined that there is a halo of silver-rich mineralisation on the west of the Munni Munni fault and polymetallic mineralisation (copper and nickel) on the east. The potential for a bulk mineable deposit exists to supplement the high-grade silver mineralisation that might still remain. The entire Elisabeth Hill area (including the adjacent Munni Munni and Munni Munni North licences in which Alien has an interest in) shows remarkable promise in our view. Results from drill assays will help determine the next steps for Alien to take and access underground will enable a full evaluation of resources left.
Positive move new iron ore company developing a project in West Australia
Eliz hill silver results due in a few week - may surprise on upside if there is also base metals shell around the core
Munni Munni deposit - now a strategic asset 30% share of 2m oz PGM palladium / platinum under pins the company
Huge land holding - does it hold more potential - clearly a lot of upside 200km2 around EH and Munni Munni - hasn’t been properly examined for 25 years plus!
Ahead of the game
Whats 660,000 oz + Palladium, Platinum, rhodium ($20k/tonne) Ni and copper worth ?
Takes time for market to work it out
Orders in place at 0.78p and placement at 0.85p - thank you for the heads up 5 x 5
https://mcusercontent.com/d9ebd7c1aa0f3dbc5fab42eca/files/593f6711-7b6a-f49a-bde2-603b15ba1a2f/AlienMetals_24_11_2021_FINAL_BG.01.pdf
UFO confirmed assets
1) 660,000 oz PGM resource ownership 30% of 2.2m
2) Iron ore 10mt @ 60% fe (development project)
3) Silver - project proven - mined in 2000 highest grade silver mine but what else does it hold who knows!! Lets see assays maybe base metals plus silver or vice versa??? You dont know till you drill it
4)Silver - Mexico - next to a producing mine
Value - see Turner Pope Report out yesterday very positive over £80m vs £30m current market cap
Takes time for market to work out
Can someone please explain to those who have NO CLUE
Please Guess this company :
This company makes no profit
But returns to investors 6000% (no typo) $m to $4billion market cap [confirmed not by punters or lay people but Mining journalist critics see back up below)
It’s called finding something valuable in Chalice’s case a 10m oz PGM deposit
UFO has a 2.2m oz +++ PGM deposit
Upside: HUGE
Can someone pls educate the uneducated. Metals in the ground and discoveries makes profits for INVESTORS a.k.a shareholders (if your not a shareholder dont whine)
for example pls see LSE:GGP
https://www.miningnews.net/events-coverage/news/1422089/chalice-chair-and-number-one-fan-goyder-bows-out-after-remarkable-year
Very True
Does the Munni Munnni Complex only hold 2.2m oz?
When was the last time an explorer went drilling to find more resource (not infill drilling)
In 2020 Chalice on ASX CHN recently Julimar and found 10m oz PGM-Ni-Cu
Today worth $4b ? 20c to $10!!
Anyone got any views on the geology and similarities to the Munni Munni complex and Julimar Complex in W. Australia ?
There are no legal issues stated in the UFO announcement, the LSE and nomad would have required it to be stated in the announcement
People must be reading about previous transactions
Pls check Artemis and Platina announcements - all settled in 2020!