REG - Alien Metals Limited - Elizabeth Hill Silver Mineralisation Extended

Alien MetalsAnnouncement

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RNS Number : 5497H  Alien Metals Limited  09 June 2026

 

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF
THE MARKET ABUSE REGULATION (596/2014/EU) AS THE SAME HAS BEEN RETAINED IN UK
LAW AS AMENDED BY THE MARKET ABUSE (AMENDMENT) (EU EXIT) REGULATIONS (SI
2019/310). UPON THE PUBLICATION OF THIS ANNOUNCEMENT, THIS INSIDE INFORMATION
IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.

9 June 2026

Alien Metals Limited

("Alien" or the "Company")

Elizabeth Hill Silver Mineralisation Extended Beyond Maiden Resource and
Remains Open

Alien Metals Limited (AIM: UFO), a minerals exploration and development
company, notes the release of an announcement from its joint venture partner
at the Elizabeth Hill Silver Project ("Elizabeth Hill"), West Coast Silver
Limited ("West Coast Silver") (ASX: WCE). The announcement outlines
significant assay results for the first 17 of 32 reverse circulation ("RC")
drill holes completed in May 2026 at Elizabeth Hill, located near Karratha in
the Pilbara region of Western Australia.

 

Key Highlights:

 

 ·   RC drilling has significantly increased the scale of silver mineralisation up
     to 70m north of the Elizabeth Hill April 2026 maiden mineral resource estimate
     ("MRE"), confirming the mineralised system is open at depth and along strike,
     with multiple holes ending in mineralisation in the Munni Munni Fault Zone
     ("MMFZ").

 ·   Best intersections received to date include:
     ·    60m @ 25 g/t Ag from surface (including 19m @ 31 g/t Ag) (hole
     26WCRC004)
     ·    26m @ 31g/t Ag from 4m (hole 26WCRC002, finished in mineralisation)
     ·    9m @ 33g/t Ag from 6m and 5m @ 31g/t Ag from 26m (hole 26WCRC003)
     ·    2m @ 96g/t Ag from 91m (hole 26WCRC012)
     ·    1m @ 157g/t Ag from surface (hole 26WCRC011)

 ·   The majority of new mineralisation lies outside the April 2026 MRE, increasing
     the scale of the mineralised system and providing a clear basis for MRE
     growth.

 ·   Assay results received for the first 17 of 32 RC holes drilled at Elizabeth
     Hill North in May 2026 (2,710m RC program). Assays for the remaining 15 holes
     are pending, including hole 26WCRC023 which intersected 72m of altered MMFZ,
     with further results expected over the coming months.

 ·   Lead mineralisation up to 1.66% Pb intersected in hole 26WCRC010, consistent
     with the spatial association between lead and silver at Elizabeth Hill and
     indicating potential for higher-grade silver further along the MMFZ.

 ·   72m of altered MMFZ in hole 26WCRC023 (assays pending), representing the
     widest fault zone intersection drilled to date at Elizabeth Hill North

 ·   Diamond drilling is underway to test below RC holes that terminated in
     mineralisation, with economic studies of near-surface mineralisation
     progressing in parallel to support evaluation of a development pathway.

 

Alien holds a 30% interest in Elizabeth Hill and holds 30.5 million shares in
West Coast Silver (representing an approximate 8.7% interest in the issued
share capital of West Coast Silver).

The full West Coast Silver announcement is available at:
http://www.rns-pdf.londonstockexchange.com/rns/5497H_1-2026-6-9.pdf
(http://www.rns-pdf.londonstockexchange.com/rns/5497H_1-2026-6-9.pdf)

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

Turner Pope (Broker)

Andy Thacker / Guy McDougall

Tel: +44 (0) 203 657 0050

IFC Advisory (Financial PR and Investor Relations)

Tim Metcalfe / Graham Herring / Zach Cohen

Tel: +44 (0) 203 934 6632

Notes to Editors

Alien Metals Ltd is a mining exploration and development company quoted on the
AIM market of the London Stock Exchange (AIM: UFO). The Company follows a
balanced strategy focused on advancing and strengthening its asset portfolio
through targeted technical work and project development, while evaluating
partnerships, joint ventures, and selective monetisation opportunities to
enhance shareholder value. At the same time, Alien will continue to consider
opportunities to expand its asset base through carefully selected acquisition
opportunities consistent with the Board's disciplined investment 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 retains a 30%
interest, free carried to completion of a bankable feasibility study at Munni
Munni, and additionally holds 37.9 million shares in GreenTech Metals Ltd.
Alien (via a wholly owned subsidiary) 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. Alien retains a
30% interest in the Elizabeth Hill Silver Project and additionally holds 30.5
million shares in West Coast Silver Limited, providing both direct project
exposure and equity participation in ongoing development.

Competent Person's Statement

The information in this announcement that relates to Exploration Results is
based on information reviewed by Mr Ian Stockton who is a Member of the
Australian Institute of Geoscientists. Mr Stockton is a consultant to West
Coast Silver and a full-time employee of ERM Australia Consultants Pty Ltd. Mr
Stockton 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 Stockton consents to the inclusion in the announcement of the matters based
on this information and in the form and context in which it appears.

 

 

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