Alien Metals Ltd. Stock Analysis UFO.L

Alien Metals Ltd. engages in the exploration, development, and production of silver and lithium. The company employs 2 full-time employees The company went IPO on 2004-07-14. The principal activity of the Company and its subsidiaries is the acquisition and development of mineral resource assets. The company holds a collection of projects within its portfolio, spearheaded by its Hancock DSO (direct shipping ore) iron ore project in which it has a 90% holding, through its 100% owned subsidiary, the Iron Ore Company of Australia (IOCA). In addition, the IOCA portfolio consists of the Brockman (90%) and Vivash Gorge (100%) iron ore projects, both surrounded by tier 1 tenements owned by mining corporates, such as Rio Tinto and FMG. Its Hancock Iron Ore Project is within 20 kilometers (km) of the established regional mining hub of Newman. Its Elizabeth Hill Silver Project is situated approximately 45 km south of Karratha in the Achaean Pilbara Block of the Pilbara Craton. The Munni Munni Project hosts significant PGE mineralization, which includes palladium, platinum, gold, and rhodium.