Alien Metals Limited Company Update and Update On COVID-19 (4810H)
25 March 2020 - 6:00PM
UK Regulatory
TIDMUFO
RNS Number : 4810H
Alien Metals Limited
25 March 2020
Trading Symbols
AIM: UFO
FWB: I3A1
25(th) March 2020
Alien Metals Ltd
("Alien Metals" or "the Company")
COMPANY UPDATE AND UPDATE ON COVID-19
Alien Metals (LSE: UFO), the minerals exploration and
development company, announces an update to the Company's
operations and advises on the impact of the coronavirus (COVID-19)
global health emergency.
Summary :
-- Work continues across the Company's operations: this includes
the previously announced IP Survey at Donovan 2, Mexico, as well as
technical reviews of the Elizabeth Hill silver project, Western
Australia and final planning for the underground sampling program
at the San Celso Silver project in Mexico.
-- Alien Metals is prioritising the health and safety of its
employees and consultants, further to the advice and guidance of
the relevant authorities. To date, and as far as we are aware, no
individuals within, or directly associated with, the Company have
been diagnosed with COVID-19.
-- The ongoing economic impact on the global economy from
COVID-19 is being assessed by the Board, with budgeted work
programs being reviewed accordingly.
-- As previously announced, discussions continue with a number
of parties regarding potential joint-venture or earn-in
arrangements relating to the Company's projects.
-- Updates on activities at Donovan 2 and San Celso expected in coming weeks.
Alien Metals Technical Director Bill Brodie Good, commented
:
"COVID-19 has become a significant international health incident
and our immediate priority is to ensure the safety of all of our
employees and consultants across operations in Mexico and Western
Australia, as well as staff in the UK. The Company is continually
monitoring guidance and instructions issued by relevant health
authorities, and will advise of any further impacts to the
Company's operations.
"Alien Metals has recently undertaken an IP survey at the
Donavon 2 copper-gold project in Mexico, with results expected in
coming weeks. Subsequent work streams will be reviewed and
prioritised based on the latest information and advice."
For further information please visit the Company's website at
www.alienmetals.uk , or contact:
Alien Metals Limited First Equity Limited (J oint
Bill Brodie Good, Technical Broker)
Director Jason Robertson
Tel: +44 (0) 20 3907 4257 Tel +44 (0) 20 7374 2212
St James Capital, Company Secretary
Tel: +44 (0) 20 7887 6599
Beaumont Cornish Limited (Nomad) Novum Securities Limited (Joint
James Biddle/ Roland Cornish Broker)
www.beaumontcornish.com Jon Belliss
Tel: +44 (0) 207 628 3396 Tel +44 (0) 20 7399 9425
Turner Pope (Joint Broker)
Blytheweigh (Financial PR) Andy Thacker/Zoe Alexander
Megan Ray/Rachael Brooks Tel +44 (0) 20 3657 0050
Tel: +44 (0) 207 138 3204
Notes to Editors
Alien Metals Ltd is a mining exploration and development company
listed on AIM of the London Stock Exchange (LSE: UFO). The
Company's focus is on precious and base metal commodities.
Alien Metals has embarked upon an acquisition-led strategy
headed by a high-quality geological team to build a strong
portfolio of diversified assets including two recent acquisitions
in 2019. These include the Brockman and Hancock Ranges high grade
(Direct Shipping Ore) iron ore projects and the Elizabeth Hill
Silver projects both located in the Pilbara region, Western
Australia.
In addition to progressing its acquisition-led strategy and
following its strategic review of its portfolio of silver and
precious metals projects in Mexico, Alien Metals has identified
priority exploration targets within its 12 mining concessions which
it is working to advance systematically. The Company's silver
projects are located in the Zacatecas State, Mexico's largest
silver producing state which produced over 190m oz of silver in
2018 alone accounting for 45% of the total silver production of
Mexico for that year.
Forward-Looking Information
This press release contains certain "forward-looking
information". All statements, other than statements of historical
fact that address activities, events or developments that the
Company believes, expects or anticipates will or may occur in the
future are deemed forward-looking information.
This forward-looking information reflects the current
expectations or beliefs of the Company based on information
currently available to the Company as well as certain assumptions,
including the availability of sufficient funds. Forward-looking
information is subject to a number of significant risks and
uncertainties and other factors that may cause the actual results
of the Company to differ materially from those discussed in the
forward-looking information, and even if such actual results are
realised or substantially realised, there can be no assurance that
they will have the expected consequences to, or effects on the
Company.
Any forward-looking information speaks only as of the date on
which it is made and, except as may be required by applicable
securities laws, the Company disclaims any intent or obligation to
update any forward-looking information, whether as a result of new
information, future events or results or otherwise. Although the
Company believes that the assumptions inherent in the
forward-looking information are reasonable, forward-looking
information is not a guarantee of future performance and
accordingly undue reliance should not be put on such information
due to the inherent uncertainty therein.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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