Alien Metals Ltd (GB:UFO) has released an update.
Alien Metals Ltd, a global minerals exploration and development firm, reported substantial progress on its Hancock Iron Ore Project, with a development study highlighting robust financials, including an EBITDA of A$39m and a pre-tax NPV10 of A$146m. The company also secured a mining lease for a 21-year term and entered into agreements to facilitate production and export. Additional exploration is planned for 2024 to increase mineral resources, alongside a joint venture on the Pinderi Hills Project for lithium rights.
For further insights into GB:UFO stock, check out TipRanks’ Stock Analysis page.
