Picture of Alien Metals logo

UFO Alien Metals News Story

0.000.00%
gb flag iconLast trade - 00:00
Basic MaterialsHighly SpeculativeMicro CapMomentum Trap

REG - Alien Metals Limited - Aircore Programme Underway at Elizabeth Hill

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20251113:nRSM4017Ha&default-theme=true

RNS Number : 4017H  Alien Metals Limited  13 November 2025

 

 

Trading Symbols

AIM: UFO FWB: I3A1

13 November 2025

 

 

Alien Metals Limited

("Alien" or the "Company")

Aircore Programme Underway at Elizabeth Hill Near-Mine Targets
Alien Metals Limited (AIM: UFO), a minerals exploration and development company, is pleased to report that its joint venture partner, West Coast Silver Limited (ASX: WCE) ("West Coast Silver") has announced that it has commenced a ~2,500m aircore programme at the Elizabeth Hill Silver Project ("Elizabeth Hill" or the "Project") in the Pilbara region of Western Australia. This is to define targets surrounding the historical mine and along the eastern Munni Munni margin.  The Project, in which Alien retains a 30% free-carried interest through to a decision to mine, is operated by West Coast Silver.

 

Belinda Murray, Executive Director of Alien, commented:
"West Coast Silver's continued momentum at Elizabeth Hill is very encouraging and reinforces the strong technical and operational foundations of the joint venture. The commencement of the aircore programme, building on the successful diamond drilling and recent near-mine results, highlights the potential scale of this historically high-grade silver system. We look forward to the outcomes of this next phase of work and the opportunity to unlock further value from this significant asset for Alien shareholders."
The full text of the announcement issued by West Coast Silver is provided below in Appendix A.

 

For further information, please visit the Company's website at
www.alienmetals.uk (http://www.alienmetals.uk/) or contact:

Strand Hanson (Financial and Nominated Adviser)

James Harris / James Dance / Edward Foulkes

Tel: +44 (0) 207 409 3494

 

Zeus Capital Limited (Joint Broker)

Harry Ansell / Katy Mitchell Tel +44 (0) 203 829 5000

 

Turner Pope (Joint Broker)

Andy Thacker / James Pope

Tel: +44 (0) 203 657 0050

 

CMC Markets (Joint Broker)

Douglas Crippen

Tel: +44 (0) 203 003 8632

 

Yellow Jersey (Financial PR)

Charles Goodwin / Shivantha Thambirajah

Tel: +44 (0) 203 004 9512

 

Notes to Editors

Alien Metals Ltd is a mining exploration and development company listed on the
AIM market of the London Stock Exchange (AIM: UFO). The Company's focus is on
delivering a profitable direct shipping iron ore operation from its 90%
Hancock iron ore project in the central Pilbara region of Western Australia.
The Hancock tenements currently contain a JORC-compliant resource of 8.4Mt
iron ore @ 60% Fe and offers significant exploration upside which is
targeted to deliver a mining operation of 2Mtpa for 10 years.

These Hancock Project tenements have direct access to the Great Northern
Highway, which provides an essential export route to export facilities at Port
Hedland, from where more than 500Mt of iron ore is exported annually (30% of
global production). The Company also has an interest in two iron ore
exploration projects Brockman and Vivash, located in the West Pilbara.

The Company owns one of Australia's largest PGM deposits, Munni Munni which
hosts a deposit containing a historic resource of 2.2Moz PGM (Palladium,
Platinum, and Rhodium) and Gold. The Company has recently entered into a joint
venture with West Coast Silver Limited (formerly Errawarra Resources Limited)
for the development of the Elizabeth Hill Silver Project, located near
Karratha in the Pilbara, which consists of the Elizabeth Hill Mining Lease and
exploration tenements surrounding the historical silver mine which has
produced some of Australia's highest-grade silver ore during the late 1990s.

Competent Person's Statement

The information in this announcement that relates to Exploration Results is
based on information reviewed by Mr Max Nind who is a Member of the Australian
Institute of Geoscientists. Mr Nind is a consultant to Alien and a full-time
employee of ERM Australia Consultants Pty Ltd.

 

Mr Nind has sufficient experience that is relevant to the style of
mineralisation and type of deposits under consideration, and to the activity
being undertaken to qualify as a Competent Person as defined in the 2012
Edition of the Joint Ore Reserves Committee (JORC) 'Australasian Code for
Reporting of Exploration Results, Mineral Resources and Ore Reserves', and a
Specialist under the VALMIN Code 2015 Edition of the 'Australasian Code for
Public Reporting of Technical Assessments and Valuations of Mineral Assets'.
Mr Nind consents to the inclusion in the announcement of the matters based on
this information and in the form and context in which it appears.

 

 

Appendix A - ASX: WCE ANNOUNCEMENT

Aircore Program Underway at Elizabeth Hill Near-Mine Targets
Highlights
·    Phase 2 diamond program at Elizabeth Hill completed (1,015 m), including intersections of visible native silver - assays pending.
·    ~2,500m aircore program commencing to test for extensions/repeats of the Elizabeth Hill silver system north and south of the historic mine and along the eastern Munni Munni margin.
·    New drone magnetics combined with geochemistry and TEM datasets have sharpened structural targets to improve exploration targeting.
·    Near-mine targets (including, high-priority NM1 and NM5 targets) are supported by historical high-grade silver intercepts, including:
o  4 m @ 60 g/t Ag from surface (22AMC011)
o  1 m @ 250 g/t Ag from 118 m (AG43)
o  2 m @ 1,550 g/t Ag from 108 m (AMEHRC012)
 1  (#_ftn1)

·    First samples dispatched to the laboratory; further diamond core cutting in progress - assays pending.7)

 

West Coast Silver Limited (ASX: WCE) West Coast or the Company has commenced a
~2,500m aircore program at the Elizabeth Hill Silver Project Elizabeth Hill,
to define targets surrounding the historical mine and along the eastern Munni
Munni margin. The program follows completion of a 1,015m Phase 2 diamond
campaign at Elizabeth Hill (testing near-surface high-grade mineralisation,
and prospective areas at depth below historical workings), that intersected
visible native silver(2), for which assays are pending.

 

The near-mine aircore program aims to (i) confirm structural/stratigraphic
controls highlighted by drone magnetics and other integrated geoscientific
data and (ii) identify zones of anomalous silver for RC/diamond follow-up.
Aircore provides rapid, cost-effective coverage to prioritise potential
high-grade extensions and shoots adjacent to the historical workings. Aircore
targets are highlighted in Figures 1 and 2.

 

Commenting on the aircore program, Executive Director Bruce Garlick commented:

 

"We're moving quickly to test extensions and potential repeats of Elizabeth
Hill around the historical mine and along the Munni Munni margin - aiming to
add ounces/grade proximal to existing mine infrastructure in support of our
resource growth path. Guided by drone magnetics and other integrated
geoscientific datasets, we now have a clear structural picture around
Elizabeth Hill and a tight set of targets north and south of the mine. This
aircore program will pinpoint the best positions for further RC and diamond
drilling."

 

Figure 1: Near-mine targets: geology, and geochemistry and aircore exploration
prospects

 

Figure 2: Drone magnetics: Near mine geophysics, geochemistry and aircore
exploration prospects

(overlain on detailed drone magnetics Total Magnetic Intensity data - reduced
to the pole)

 

 

 

FORWARD WORK PLAN

Further evaluation of tenement wide data sets will continue as part of the
Company's ongoing target generation initiatives:

·    Complete AC drilling, process assays and update target ranking.

·    Plan and permit RC/diamond follow-up on AC anomalies and along
priority structures.

·    Continue tenement-wide targeting using integrated geoscience
datasets.

 

 

The Elizabeth Hill Project

 

Elizabeth Hill is historically one of Australia's highest grade silver
projects and has a proven production history outlined below:

 

•   High grades enabled low processing tonnes: 1.2Moz of silver was
produced from just 16,830t of ore at a head grade of 2,194g/t (70.5 oz/t
Ag)(( 2  (#_ftn2) )).

•   Previous mining operation ceased in 2000: because of low silver prices
(US$5)(( 3  (#_ftn3) )).

•   Simplistic historical processing technique: native silver was
recovered via low-cost gravity separation techniques.

•   Untapped potential remains in ground with deposit open at depth and
recent consolidation of land package offers potential to discover more
Elizabeth Hill style deposits.

•   Tier 1 Mining Jurisdiction located on a mining lease with potential
processing option at the nearby Radio Hill site. Radio Hill is a
third-party-owned processing facility; WCE has no current agreement in place."

 

Figure 6: Tenement Location

Through the consolidation of the surrounding land packages into a single
contiguous 180km2 package significant exploration and growth potential exists
both near mine and regionally. The land package holds a significant portion of
the Munni Munni fault system, and other fault systems subparallel to the Munni
Munni fault system, which are considered prospective for Elizabeth Hill
look-a-like silver deposits.

Appendix 1

JORC Code, 2012 - Table 1 - West Coast Silver Geophysics & Soil
geochemistry - Elizabeth Hill Project

Section 1 Sampling Techniques and Data

(Criteria in this section apply to all succeeding sections.)

 Criteria                                                 JORC Code explanation                                                            Commentary
 Sampling techniques                                      ·    Nature and quality of sampling (e.g. cut channels, random chips, or         Surface Samples:
                                                          specific specialised industry standard measurement tools appropriate to the

                                                          minerals under investigation, such as down hole gamma sondes, or handheld XRF    ·    Soil samples were collected from 10cm to 15cm depth and sieved
                                                          instruments, etc). These examples should not be taken as limiting the broad      initially in a 10mm stainless steel sieve followed by 0.8mm mesh flexistack
                                                          meaning of sampling.                                                             sieve to collect approximately 200g-300g of primary sample.

                                                          ·    Include reference to measures taken to ensure sample representivity         ·    Samples were analysed at the ALS Geochemistry laboratory in Perth by
                                                          and the appropriate calibration of any measurement tools or systems used.        method ME-MS61L.

                                                          ·    Aspects of the determination of mineralisation that are Material to
                                                          the Public Report.

                                                                                Geophysical Surveys:
                                                          ·    In cases where 'industry standard' work has been done this would be

                                                          relatively simple (e.g. 'reverse circulation drilling was used to obtain 1 m     ·    LOUPE TEM surveys have been undertaken at the Elizabeth Hill Project
                                                          samples from which 3 kg was pulverised to produce a 30 g charge for fire         to identify conductivity anomalies associated with sulphide mineralisation
                                                          assay'). In other cases, more explanation may be required, such as where there   Surveys were conducted over the historical Munni Munni Silver mine, and Munni
                                                          is coarse gold that has inherent sampling problems. Unusual commodities or       Munni fault contact along strike that contains regional targets.
                                                          mineralisation types (e.g. submarine nodules) may warrant disclosure of

                                                          detailed information.                                                            ·    Some of the surveying was completed over historical fixed loop TEM
                                                                                                                                           conductor anomalies from surveys completed in 2004.

                                                                                                                                           ·    LOUPE TEM surveys are a surface profiling technique designed to map
                                                                                                                                           near surface conductivity structure from the surface to 20 or 30m below ground
                                                                                                                                           level.

                                                                                                                                           ·    A detailed unmanned airborne vehicle (UAV) magnetic survey was flown
                                                                                                                                           over the project area by Pegasus Airborne Systems. The survey specifications
                                                                                                                                           are provided below:

                                                                                                                                           o  Helicopter: PAS-HE Rotary Wing

                                                                                                                                           o  Line spacing: 20 m, Line direction 090°

                                                                                                                                           o  Survey height: 20 m AGL following topography and according to operational
                                                                                                                                           safety conditions.

                                                                                                                                           o  Survey speed 15 m/s

                                                                                                                                           o  Sampling rate: 10 Hz

                                                                                                                                           o  Sensor: Scintrex CS-VL Cesium vapour magnetometer

                                                                                                                                           o  Spatial referencing: uBlox GNSS receiver with sub metre accuracy.

                                                                                                                                           o  Elevation: laser altimeter with 100 m range, 1 cm resolution and 10 cm
                                                                                                                                           accuracy.

                                                                                                                                           o  Diurnal magnetometer: GME Systems GSM-F Overhauser Magnetometer.

                                                                                                                                           ·    The magnetic survey generated to following datasets:

                                                                                                                                           o  TMI

                                                                                                                                           o  TMI First (1VD) and Second (2VD) Vertical Derivatives

                                                                                                                                           o  TMI Reduced to Pole (RTP)

                                                                                                                                           o  TMI RTP 1VD + 2VD

                                                                                                                                           o  TMI Analytical Signal

                                                                                                                                           o  TMI Total Horizontal Gradient

                                                                                                                                           o  Digital Terrain Model
 Drilling techniques                                      ·    Drill type (eg core, reverse circulation, open-hole hammer, rotary          ·    No drilling is being reported.
                                                          air blast, auger, Bangka, sonic, etc) and details (eg core diameter, triple or
                                                          standard tube, depth of diamond tails, face-sampling bit or other type,
                                                          whether core is oriented and if so, by what method, etc).
 Drill sample recovery                                    ·    Method of recording and assessing core and chip sample recoveries and       ·    No drilling is being reported.
                                                          results assessed.

                                                          ·    Measures taken to maximise sample recovery and ensure representative
                                                          nature of the samples.

Whether a relationship exists between sample recovery and grade and whether
                                                          sample bias may have occurred due to preferential loss/gain of fine/coarse
                                                          material.
 Logging                                                  ·    Whether core and chip samples have been geologically and                    ·    No drilling is being reported.
                                                          geotechnically logged to a level of detail to support appropriate Mineral
                                                          Resource estimation, mining studies and metallurgical studies.

                                                          ·    Whether logging is qualitative or quantitative in nature. Core (or
                                                          costean, channel, etc) photography.

                                                          ·    The total length and percentage of the relevant intersections logged.
 Subsampling techniques and sample preparation            ·    If core, whether cut or sawn and whether quarter, half or all core          ·    Soil samples analysed with ALS laboratory ME-MS61L method have not
                                                          taken.                                                                           had any field duplicates taken. The samples have been prepared using ALS

                                                                                procedure PU-31L which involves a split of up to 250g to be pulverised to
                                                          ·    If non-core, whether riffled, tube sampled, rotary split, etc and           better than 85% passing through minus 75 microns.
                                                          whether sampled wet or dry.

                                                          ·    For all sample types, the nature, quality and appropriateness of the
                                                          sample preparation technique.

                                                          ·    Quality control procedures adopted for all subsampling stages to
                                                          maximise representivity of samples.

                                                          ·    Measures taken to ensure that the sampling is representative of the
                                                          in-situ material collected, including for instance results for field
                                                          duplicate/second-half sampling.

                                                          ·    Whether sample sizes are appropriate to the grain size of the
                                                          material being sampled.
 Quality of assay data and laboratory tests               ·    The nature, quality and appropriateness of the assaying and                 Surface Samples:
                                                          laboratory procedures used and whether the technique is considered partial or

                                                          total.                                                                           ·    A 0.25g split of the soil samples were analysed with the ALS ME-MS61L

                                                                                method that provides ALS's lowest detection levels (0.002g/t for Ag) from a
                                                          ·    For geophysical tools, spectrometers, handheld XRF instruments, etc,        four-acid digestion with 48 elements determined by Inductively coupled plasma
                                                          the parameters used in determining the analysis including instrument make and    mass spectrometry (ICP-MS).
                                                          model, reading times, calibrations factors applied and their derivation, etc.

                                                                                ·    ME-MS61L is considered a near total digestion.
                                                          ·    Nature of quality control procedures adopted (e.g., standards,

                                                          blanks, duplicates, external laboratory checks) and whether acceptable levels    ·    Standards, blanks or duplicates were not inserted for samples
                                                          of accuracy (i.e., lack of bias) and precision have been established.            analysed with the ME-MS61L method. The laboratory reported the use of
                                                                                                                                           standards and blanks as part of the analyses for QA/QC.

                                                                                                                                           ·    The CP considers the absence of detailed information on these
                                                                                                                                           criteria is not material to an assessment of regional, early-stage exploration
                                                                                                                                           potential and planning exploration activities.

                                                                                                                                           Geophysical Surveys:

                                                                                                                                                 The Company commissioned Southern Geoscience Consultants (SGC) of
                                                                                                                                           Perth to carry out the LOUPE TEM survey. The geophysical programme parameters
                                                                                                                                           were as follows:

                                                                                                                                           ·    Contractor/Planning: Southern Geoscience Consultants Pty Ltd.

                                                                                                                                           ·    Survey Configuration: LOUPE - separated (slingram) configuration -
                                                                                                                                           TX-RX separation of 10m.

                                                                                                                                           ·    LOUPE SN: 10004.

                                                                                                                                           ·    Effective TX Loop Area: 4.538 m2.

                                                                                                                                           ·    Transmitter Current: 20 A.

                                                                                                                                           ·    Transmitter moment: 90.76 NIA.

                                                                                                                                           ·    Receiver: X, Y and Z component Coil Receiver.

                                                                                                                                           ·    Receiver Effective Area: 200 m2.

                                                                                                                                           ·    Line Spacing: ~ 40 m.

                                                                                                                                           ·    Line Bearing: 090°.

                                                                                                                                           ·    TX Base Frequency: 75 Hz.

                                                                                                                                           ·    Duty cycle: 50%.

                                                                                                                                           ·    Current: 20 A .

                                                                                                                                           ·    Filtering - 2 second stacking and averaging.

                                                                                                                                           ·    Readings were taken continuously while the crew walked along each
                                                                                                                                           survey line.
 Verification of sampling and assaying                    ·    The verification of significant intersections by either independent         ·    No adjustments have been made to any assay data.
                                                          or alternative company personnel.

                                                          ·    The use of twinned holes.

                                                                                Geophysical Surveys:
                                                          ·    Documentation of primary data, data entry procedures, data

                                                          verification, data storage (physical and electronic) protocols.                  ·    Geophysical data were recorded by the LOUPE system and downloaded in

                                                                                the field then emailed to the SGC supervising geophysicist.  All data are
                                                          ·    Discuss any adjustment to assay data.                                       backed up weekly.

 Location of data points                                  ·    Accuracy and quality of surveys used to locate drill holes (collar          ·    A Mineral Resource or Ore Reserve is not determined.
                                                          and down-hole surveys), trenches, mine workings and other locations used in

                                                          Mineral Resource estimation.                                                     ·    Soil samples were located by handheld GPS. Expected accuracy is +/-

                                                                                5m for northing and easting.
                                                          ·    Specification of the grid system used.

                                                                                ·    The GDA94 Zone 50 datum is used as the coordinate system.
                                                          ·    Quality and adequacy of topographic control.

                                                                                                                                           ·    Topographic control is from DTM and GPS. Accuracy +/- 5m.

                                                                                                                                           Geophysical Surveys:

                                                                                                                                           ·    LOUPE TEM surface geophysical measurement locations were determined
                                                                                                                                           using an integrated GNSS antenna. The accuracy of this unit at most sample
                                                                                                                                           sites was +/- 3m.

                                                                                                                                           ·    GDA94 zone 50 coordinate system.

 Data spacing and distribution                            ·    Data spacing for reporting of Exploration Results.                          ·    No Mineral Resource or Ore Reserve are reported.

                                                          ·    Whether the data spacing, and distribution is sufficient to establish       ·    Soil sample spacing ranged from 400m line spacing and 100m sample
                                                          the degree of geological and grade continuity appropriate for the Mineral        spacing to 250m line spacing and 40m sample spacing.
                                                          Resource and Ore Reserve estimation procedure(s) and classifications applied.

                                                                                ·    The CP considers the soil sample spacing adequate for regional
                                                          ·    Whether sample compositing has been applied.                                exploration.

                                                                                                                                           Geophysical Surveys:

                                                                                                                                           ·    LOUPE TEM data are acquired continuously at a rate of 75 measurements
                                                                                                                                           per second. These are averaged over a 2 second window to produce the final
                                                                                                                                           measurement at each station location.

                                                                                                                                           ·    The LOUPE TEM data are acquired using a sampling rate that is
                                                                                                                                           designed to capture the response of subtle resistivity and conductivity
                                                                                                                                           variations in the near surface (0 to 30m Below ground level).

                                                                                                                                           ·
 Orientation of data in relation to geological structure  ·    Whether the orientation of sampling achieves unbiased sampling of           ·    No drilling is being reported.
                                                          possible structures and the extent to which this is known, considering the

                                                          deposit type.                                                                    ·    In general, the LOUPE profiles were acquired across strike of

                                                                                structures of interest with the potential to host conductive mineralisation.
                                                          ·    If the relationship between the drilling orientation and the
                                                          orientation of key mineralized structures is considered to have introduced a
                                                          sampling bias, this should be assessed and reported if material.
 Sample security                                          ·    The measures taken to ensure sample security.                               ·    Soil samples were taken by Company personnel to a secure yard in
                                                                                                                                           Karratha then freighted to the ALS Geochemistry laboratory in Perth. Sample
                                                                                                                                           security is by way of chain of custody.
 Audits or reviews                                        ·    The results of any audits or reviews of sampling techniques and data.       ·    No audits were undertaken by West Coast Silver or any independent
                                                                                                                                           parties.

 

 

Section 2 Reporting of Exploration Results

(Criteria listed in the preceding section also apply to this section.)

 Criteria                                                          JORC Code explanation                                                            Commentary
 Mineral tenement and land tenure status                           ·    Type, reference name/number, location and ownership including               ·    The results reported in this announcement refer to regional
                                                                   agreements or material issues with third parties such as joint ventures,         exploration on:
                                                                   partnerships, overriding royalties, native title interests, historical sites,

                                                                   wilderness or national park and environmental settings.                          ·    E47/4422 (Holder: Alien Metals Australia Pty Ltd)

                                                                   ·    The security of the tenure held at the time of reporting along with         ·    P47/2033 (Holder: GreenTech Holdings Pty Ltd)
                                                                   any known impediments to obtaining a licence to operate in the area.

                                                                                                                                                    ·    M47/0342 (Holder: Karratha Metals Group Limited, wholly owned
                                                                                                                                                    subsidiary of Alien Metals Australia Pty Ltd)

                                                                                                                                                    ·    On 24 March 2025, Errawarra Resources Ltd agreed to acquire 70% of
                                                                                                                                                    the Elizabeth Hill mining lease and 70% of the silver mineral rights to the
                                                                                                                                                    Pinderi Hill tenements (all owned by Alien Metals Limited), and 70% of the
                                                                                                                                                    ownership of three tenements or tenement applications surrounding the silver
                                                                                                                                                    project owned by GreenTech Metals Limited.

                                                                                                                                                    ·    Errawarra also entered into separate joint venture agreements with
                                                                                                                                                    Alien Metals Limited and GreenTech Metals Limited.

                                                                                                                                                    ·    On 22 May 2025, the Company announced the deal was completed and its
                                                                                                                                                    name would be changed to West Coast Silver Limited.

                                                                                                                                                    ·    The tenements lie within the Ngarluma Native Title claim.

                                                                                                                                                    ·    The tenements are in good standing with no known impediments to
                                                                                                                                                    exploration on them.
 Exploration done by other parties                                 ·    Acknowledgment and appraisal of exploration by other parties.               ·    The Elizabeth Hill deposit and adjoining area has been explored for
                                                                                                                                                    Ni, Cu, PGM, base metals, Li and Ag mineralisation since 1968 when US Steel
                                                                                                                                                    International Inc explored the area for base metals and nickel.

                                                                                                                                                    ·    Massive silver was discovered in ~1994-1995 by Legend mining NL in a
                                                                                                                                                    percussion hole drilling program. Further drilling followed and in 1997 an
                                                                                                                                                    exploration shaft and drive were sunk by East Coast Minerals NL.

                                                                                                                                                    ·    Underground mining at Elizabeth Hill was conducted in 1999-2000 with
                                                                                                                                                    additional drilling completed by East Coast Minerals NL until the project was
                                                                                                                                                    sold to Global Strategic Metals NL in 2012. Alien Metals Ltd purchased lease
                                                                                                                                                    M47/342 in early 2020.

                                                                                                                                                    ·    Considerable exploration for Ni, Cu, PGM was conducted by Hunter
                                                                                                                                                    Resources dating back to the 1980s.

                                                                                                                                                    ·    Helix Resources acquired the Munni Munni Project in the late 1990's
                                                                                                                                                    and undertook a number of scoping studies.

                                                                                                                                                    ·    In 2002 a SRK Mineral Resource estimate for PGE and Au was published
                                                                                                                                                    in accordance with the JORC code.

                                                                                                                                                    ·    Subsequently, Platina Resources undertook mining studies and two
                                                                                                                                                    scoping studies for the PGE and Au mineralisation.

                                                                                                                                                    ·    West Coast Silver Limited is in the process of verifying and
                                                                                                                                                    collating all historical data.
 Geology                                                           ·    Deposit type, geological setting and style of mineralisation.               ·    The Elizabeth Hills silver mineralisation is structurally controlled
                                                                                                                                                    and is located on the eastern boundary of the north-south trending Munni Munni
                                                                                                                                                    Fault at the granite/ultramafic rock contact. Mineralisation has been
                                                                                                                                                    intersected over a 100m north-south zone along the boundary of the Munni Munni
                                                                                                                                                    Fault, plunging south along the granite/ultramafic rock contact. The zone has
                                                                                                                                                    an east-west width of 15-20m with the high-grade core restricted to around 3m
                                                                                                                                                    width within the underground workings. The mineralised zone is separated into
                                                                                                                                                    several pods and occurs within a quartz carbonate chalcedonic silica breccia
                                                                                                                                                    that shows veining. The silver occurs in fine disseminations, needles, veins,
                                                                                                                                                    nuggets and platelets up to several centimetres in diameter.
 Drill hole Information                                            ·    A summary of all information material to the understanding of the           ·    No drilling is being reported.
                                                                   exploration results including a tabulation of the following information for
                                                                   all Material drill holes:

     o easting and northing of the drill hole collar

     o elevation or RL (Reduced Level - elevation above sea level in
                                                                   metres) of the drill hole collar

     o dip and azimuth of the hole

     o down hole length and interception depth o hole length.

                                                                   ·    If the exclusion of this information is justified on the basis that
                                                                   the information is not Material and this exclusion does not detract from the
                                                                   understanding of the report, the Competent Person should clearly explain why
                                                                   this is the case
 Data aggregation methods                                          ·    In reporting Exploration Results, weighting averaging techniques,           ·    Assays reported are as received from the laboratory.
                                                                   maximum and/or minimum grade truncations (e.g., cutting of high grades) and

                                                                   cut-off grades are usually Material and should be stated.                        ·    No metal equivalent values have been reported.

                                                                   ·    Where aggregate intercepts incorporate short lengths of high-grade
                                                                   results and longer lengths of low-grade results, the procedure used for such
                                                                   aggregation should be stated and some typical examples of such aggregations
                                                                   should be shown in detail.

                                                                   ·    The assumptions used for any reporting of metal equivalent values
                                                                   should be clearly stated
 Relationship between mineralisation widths and intercept lengths  ·    These relationships are particularly important in the reporting of          ·    No drilling is being reported.
                                                                   Exploration Results.

                                                                   ·    If the geometry of the mineralisation with respect to the drill hole
                                                                   angle is known, its nature should be reported.

                                                                   ·    If it is not known and only the down hole lengths are reported, there
                                                                   should be a clear statement to this effect (e.g., 'down hole length, true
                                                                   width not known').
 Diagrams                                                          ·    Appropriate maps and sections (with scales) and tabulations of              ·    Appropriate maps and figures have been included in this announcement.
                                                                   intercepts should be included for any significant discovery being reported.
                                                                   These should include, but not be limited to a plan view of drill hole collar
                                                                   locations and appropriate sectional views.
 Balanced reporting                                                ·    Where comprehensive reporting of all Exploration Results is not             ·    All relevant and material exploration data to highlight the regional
                                                                   practicable, representative reporting of both low and high grades and/or         target areas discussed have been reported or referenced.
                                                                   widths should be practiced to avoid misleading reporting of Exploration
                                                                   Results
 Other substantive exploration data                                ·    Other exploration data, if meaningful and material, should be               ·    All relevant and material exploration data for the regional target
                                                                   reported including (but not limited to): geological observations; geophysical    areas discussed have been reported or referenced.
                                                                   survey results; geochemical survey results; bulk samples - size and method of
                                                                   treatment; metallurgical test results; bulk density, groundwater, geotechnical
                                                                   and rock characteristics; potential deleterious or contaminating substances
 Further work                                                      ·    The nature and scale of planned further work (e.g., tests for lateral       ·    Further work will include, but is not limited to, systematic
                                                                   extensions or depth extensions or large-scale step-out drilling).                geological mapping, channel and rock chip sampling, soil sampling, trenching,

                                                                                geophysics, structural interpretation, historical data compilation, and
                                                                   ·    Diagrams clearly highlighting the areas of possible extensions,             drilling to identify suitable host rock geology and structural architecture
                                                                   including the main geological interpretations and future drilling areas,         for polymetallic mineralisation.
                                                                   provided this information is not commercially sensitive.

                                                                                                                                                    ·    Appropriate diagrams on the regional prospectivity are included in
                                                                                                                                                    this announcement.

 

 1  (#_ftnref1) Historical results are referenced from WCE ASX release dated 5
Aug 2025.

2 Refer ASX announcement dated 5 November 2025.

 2  (#_ftnref2) WAMEX Annual Report,1 April 2014 to 31 March 2015, Elizabeth
Hill Silver Project, Global Strategic Metals NL, p16

 3  (#_ftnref3) www.kitco.com/charts/silver

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 (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  DRLFIFVRLSLVLIE



            Copyright 2019 Regulatory News Service, all rights reserved

Recent news on Alien Metals

See all news