REG - Alien Metals Limited - Diamond Drilling Targeting High-Grade Silver

Alien MetalsAnnouncement

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RNS Number : 6279Z  Alien Metals Limited  08 April 2026

 

Trading Symbols

AIM: UFO

FWB: I3A1

8 April 2026

 

Alien Metals Limited

("Alien" or the "Company")

Diamond Drilling Targeting High-Grade Silver Extensions Beneath Elizabeth Hill Mine
Alien Metals Limited (AIM: UFO), a minerals exploration and development company, is pleased to advise that its joint venture partner, West Coast Silver Limited (ASX: WCE) ("West Coast" or "West Coast Silver"), has announced that an 1,500m diamond drilling (DD) programme is to commence in early April 2026 at the Elizabeth Hill Silver Project near Karratha, in the Pilbara region of Western Australia.
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:

Alien Metals Limited

Bruce Garlick

Email: ir@alienmetals.uk (mailto:ir@alienmetals.uk)

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 / Guy McDougall

Tel: +44 (0) 203 657 0050

 

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 follows a
balanced strategy of advancing and strengthening its asset portfolio through
targeted technical work and project development, while evaluating
partnerships, joint ventures, and selective monetisation opportunities that
are value-enhancing for shareholders. At the same time, Alien will continue to
consider opportunities to expand our asset base through carefully selected
acquisition opportunities which meet the Board's prudent criteria.

 

Alien's principal focus is the advancement and development of its 90%-owned
Hancock Iron Ore Project in the central Pilbara region of Western Australia.
The Hancock tenements contain a JORC-compliant resource of 8.4Mt at 60% Fe and
offer significant exploration upside, which is targeted to deliver a mining
operation of 2Mtpa for 10 years. The Project benefits from direct access to
the Great Northern Highway, providing a route to export facilities at Port
Hedland, one of the world's largest iron ore export hubs. Alien also holds
exploration interests in the Brockman and Vivash iron ore projects in the West
Pilbara.

 

Alien additionally retains exposure to two advanced precious and base metal
assets in the Pilbara. At Munni Munni, one of Australia's largest PGM systems
hosting a historic resource of 2.2Moz PGM (Palladium, Platinum, and Rhodium)
and gold, the Company has completed its partial asset sale and joint venture
transaction with GreenTech Metals Ltd, under which Alien has divested a 70%
interest in the Munni Munni tenements to GreenTech and Alien will retain a 30%
interest, free carried to the completion of a bankable feasibility study at
Munni Munni. Alien (via wholly owned subsidiary A.C.N. 643 478 371 Pty Ltd)
also retains a 30% interest in the Elizabeth Hill Silver Project through a
joint venture with Crest, which encompasses the Elizabeth Hill Mining Lease
M47/342, 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

Diamond Drilling Targeting High-Grade Silver Extensions Beneath Elizabeth Hill Mine

·  Up to 1,500m diamond drilling program (6 holes) to commence beneath the
historic Elizabeth Hill high-grade silver mine, Pilbara Western Australia.

·  First systematic test of deeper silver mineralisation along the Munni
Munni Fault - the primary structural control on high-grade silver at Elizabeth
Hill.

·  Targets extensions directly below and along strike of the underground
mine, where 2025 drilling confirmed silver mineralisation extends to surface.

·   Following up high grade silver intersections from historical surface
and underground drilling.

·   All holes designed to intersect the Munni Munni Fault within 200m of
surface.

·  Testing the "Pearls on a String" exploration concept- that high-grade
silver mineralisation repeats at regular intervals along the fault, which
could materially expand the scale of the Elizabeth Hill system.

·   Drilling is expected to take approximately four to six weeks. Assay
results are anticipated to be received progressively through Q2 2026.

 

West Coast Silver Limited (ASX: WCE) ('West Coast Silver' or the 'Company') is
pleased to announce an up to 1,500m diamond drilling (DD) program is to
commence in early April at its flagship Elizabeth Hill silver project in the
Pilbara region of Western Australia. The drilling is designed to expand the
existing footprint of the Elizabeth Hill high-grade silver mineralisation
down-dip and plunge of the historical Elizabeth Hill silver mine (Figure 1,
Figure 2).

 

This program represents the first systematic test of the Company's structural
model targeting potential repetition of high-grade silver mineralisation at
depth along the Munni Munni Fault, which, if confirmed, could materially
expand the scale of the Elizabeth Hill system beyond the historical mine.

 

Drilling will test for extensions of mineralisation along strike of the
historical Elizabeth Hill high-grade underground silver mine, and structural
targets along the Munni Munni Fault. The Munni Munni Fault is a significant
regional control on silver and base metal mineralisation.

 

The DD program will specifically probe between and around historical drilling
results along the Munni Munni Fault. Previous drilling intersected moderate to
high-grade silver mineralisation, justifying follow-up to confirm depth
potential, continuity, grade and distribution of intercepted zones.

 

Drilling will also test the concept of high-grade mineralisation repeating at
regular intervals with depth (Figure 3). This is the 'Pearls on a String'
concept favouring structural repetition of mineralisation over strike and
depth along the Munni Munni Fault.

 

All holes are targeting to intersect the Munni Munni Fault within
approximately 200m of surface.

 

Initial DD will be to the south and down plunge of the historical Elizabeth
Hill silver mine and then step-out to focus on areas south along the Munni
Munni Fault. Drilling is expected to take approximately four to six weeks,
subject to weather and operational conditions. Assay results are anticipated
to be received progressively through Q2 2026.

Commenting on the results, Executive Chairman Bruce Garlick said:

"Our previous 2025 drilling confirmed that silver mineralisation at Elizabeth
Hill extends beyond the historical underground mine and associated with a
broader structural corridor along the Munni Munni Fault. This current program
of diamond drilling below Elizabeth Hill is designed to determine whether
there are high-grade silver extensions below and south of the mine. The
drilling will also test whether high-grade mineralisation repeats at depth; a
model that, if confirmed, could materially expand the resource potential."

Exploration Next Steps

West Coast Silver is running multiple exploration programs from end of March
to end of May 2026, comprising reverse circulation drilling, diamond drilling,
borehole and surface geophysics.

Focus through the next three months of exploration activities will be on
processing, interpreting and reporting results, as well as dynamic
repositioning of remaining planned drill holes to maximise chances of success
from results received (geological, geophysical and assay results).

Figure 1: Plan view showing proposed diamond drill holes at Elizabeth Hill

 

Figure 2: Long Section showing planned diamond drilling (light blue) and
current RC drill program (purple)

 

Figure 3: Conceptual diagram showing flexures and bends along the Munni Munni
Fault. Mineralisation is localized at the intersection of flexures with the
granite/ultramafic rock contact, with additional mineralised pods interpreted
to depth. Silver mineralisation is represented by high grades (red zone),
intermediate grades (yellow zone) and low grades (green zone). Model to be
tested by 2026 drilling.

The Elizabeth Hill Project

 

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

 

·    High grades enabled low processing tonnes. A total of 1.2 Moz of
silver was produced from just 16,830t of ore at a head grade of 2,194g/t (70.5
oz/t Ag)(( 1 )).

·    Mining operations ceased in 2000 as a result of low silver prices (US
$5)(( 2 )).

·    Simplistic historic processing techniques were used focussing only on
native silver extraction. Native silver was recovered via low-cost gravity
separation techniques.

·    Untapped mineral resource expansion potential remains. The Elizabeth
Hill deposit remains open at depth and along strike. Recent consolidation of
the WCE tenement land holding offers potential to discover more Elizabeth Hill
style deposits near mine and regionally.

·    World leading silver grades located on a mining lease with potential
processing option at the nearby Radio Hill site.

Figure 4: Tenement Location.

Through the consolidation of surrounding land packages into a single
contiguous 180km(2) package, significant exploration and growth potential has
been created 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 silver deposit analogues.

This ASX announcement has been authorised for release by the Board of
Directors of West Coast Silver Limited. For further information, please
contact:

 

Bruce Garlick

Executive Director

West Coast Silver Limited

E: info@westcoastsilver.com.au

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 West Coast Silver 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.

Forward-Looking Statements

Statements in this announcement which are not statements of historical facts,
including but not limited to those relating to the proposed transaction, are
forward-looking statements. These statements instead represent management's
current expectations, estimates and projections regarding future events.
Although management believes the expectations reflected in such
forward-looking statements are reasonable, forward-looking statements are
based on the opinions, assumptions and estimates of management at the date the
statements are made and are subject to a variety of risks and uncertainties
and other factors that could cause actual events or results to differ
materially from those projected in the forward-looking statements.

Accordingly, investors are cautioned not to place undue reliance on such
statements.

 

Cautionary Statement

This document is confidential and may not be reproduced, redistributed or
passed on, directly or indirectly. This document is neither a prospectus nor
an offer to subscribe for fully paid ordinary shares. West Coast Silver and
its directors, employees and consultants make no representations or warranty
as to the accuracy, reliability or completeness of this document, and have no
liability, including liability to any person by reason of negligence of, or
contained in or derived from, or for any omissions from this document, except
liability under statute that cannot be excluded. This document contains
reference to certain targets and plans of West Coast Silver which may or may
not be achieved. The performance of West Coast Silver may be influenced by a
number of factors, uncertainties and contingencies, many of which are outside
the control of the Company and its directors, staff and consultants.

 

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

 2  www.kitco.com/charts/silver

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