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Alien Metals Ltd
ASLRFBasic MaterialsOTCGB
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Alien Metals Ltd announced its Munni Munni joint venture partner, GreenTech Metals has raised A$7.5 million to help advance exploration at the Western Australian platinum-palladium-copper-nickel project. The AIM-listed company said GreenTech's placing, backed by institutional and sophisticated investors, will primarily fund Phase II exploration and development work at Munni Munni and GreenTech's Whundo project.
Alien Metals shares rose 13% to 0.16p after its joint venture partner, West Coast Silver, requested a trading halt on the ASX ahead of an anticipated announcement of a JORC mineral resource estimate for the Elizabeth Hill silver project in Western Australia's Pilbara region. West Coast is operating the programme at Elizabeth Hill, in which Alien holds a 30% interest.
Shares in Alien Metals (AIM: UFO) rose 16% to 0.12p after its joint venture partner West Coast Silver (ASX: WCE) launched a 1,500-metre diamond drilling programme beneath the Elizabeth Hill silver mine in the Pilbara region of Western Australia. Alien holds a 30% interest in the Elizabeth Hill project through a joint venture with West Coast Silver, which is operating the programme.
