REG - Alien Metals Limited - Drilling Commences at Elizabeth Hill Project

Alien MetalsAnnouncement

30/05/2025 07:45

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RNS Number : 7681K  Alien Metals Limited  30 May 2025

Trading Symbols

AIM: UFO

FWB: I3A1

30 May 2025

 

 

Alien Metals Limited

("Alien" or the "Company")

 

Drilling Commences at Elizabeth Hill Silver Project

Alien Metals Ltd (AIM: UFO), a minerals exploration and development company, is pleased to announce that diamond drilling has commenced at the high-grade Elizabeth Hill Silver Project ("Elizabeth Hill" or the "Project") in the Pilbara region of Western Australia. The Project, in which Alien retains a 30% free-carried interest through to a decision to mine, is operated by Alien's joint venture partner, West Coast Silver Limited (ASX: WCE) (formerly Errawarra Resources Limited).
Highlights:

·    Drilling underway at the Elizabeth Hill Silver Project in Western
Australia.

·    Mobilisation completed; first drill hole commenced as part of a
c.1,500m inaugural diamond drilling programme.

·    The programme is designed to test extensions of known high-grade
silver mineralisation and investigate structural controls.

·    Portable XRF (pXRF) analyses and detailed geological logging to be
conducted at the Karratha site office prior to transporting to a Perth
laboratory for full chemical analysis.

·    Geological data is expected to provide forward drill planning in real
time, ensuring maximum efficiency and targeting accuracy.

The mobilisation to site has now been completed, and drilling of the first
hole is underway as part of the Company's c.1,500m inaugural diamond drilling
campaign. This highly anticipated programme will target extensions to the
known high-grade silver mineralisation at Elizabeth Hill and further
investigate structural controls identified through recent geological modelling
and fieldwork.

All drill core will be transported from site and logged at the offices and
core yard in Karratha, where preliminary pXRF analysis will be undertaken. The
geological team will also carry out detailed structural interpretation, which
will fast-track updates to the drill programme to ensure optimal targeting and
programme efficiency as drilling progresses.

Robert Mosig, Technical Director, commented:

"We are pleased to see the commencement of drilling at Elizabeth Hill by our
joint venture partner. This marks a major milestone for the Project and for
Alien, with the potential to significantly advance our understanding of this
historically high-grade silver deposit. A top technical team has been
assembled to guide drill targeting, which should maximise the effectiveness of
the programme. We look forward to updating shareholders as drilling results
become available."

Figure 1 - West Core drill rig on site at Elizabeth Hill

 

Elizabeth Hill Silver Project Overview

Elizabeth Hill, one of Australia's highest-grade silver projects has a proven
production history outlined below:

·    High grades enable 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)(( 1 ))

·    Previous mining operation ceased abruptly in 2000 because of low
silver prices (US$5/oz)(( 2 )) and a dispute between previous joint venture
parties

·    Simplistic historical processing technique: native silver was
recovered via low-cost gravity separation due to high grades and large silver
nugget sizing

·    Significant untapped potential remains in and around the historic
mine site, with limited, outdated drilling and geophysics deployed

·    Tier-1 mining jurisdiction - located on a mining lease with
processing facilities adjacent at the nearby Radio Hill

 

Figure 2 - Tenement Location

 

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 / Robert Collins 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 / Zara McKinlay 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 it 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
explora5on tenements surrounding the historical silver mine which has produced
some of Australia's highest-grade silver ore during the late 1990s.

 

 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 (//www.kitco.com/charts/silver)

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