REG - Alien Metals Limited - High-grade silver intercepts at Elizabeth Hill

Alien MetalsAnnouncement

22/08/2025 09:30

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RNS Number : 4357W  Alien Metals Limited  22 August 2025

 

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.

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, DIRECTLY OR
INDIRECTLY IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A
VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION.

Trading Symbols

AIM: UFO

FWB: I3A1

22 August 2025

 

 

Alien Metals Limited

("Alien" or the "Company")

 

High-grade shallow silver intercepts up to 10,049 g/t Ag at Elizabeth Hill

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) (formerly Errawarra Resources Limited), has announced further outstanding assay results from the maiden diamond drill programme at the 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 WCE.
Highlights:

·    Assays from drill hole 25WCDD011 have identified several significant
high-grade silver zones including:

o  17m @ 858g/t Ag from 5m, including 2m @ 6,349g/t Ag from 7m;

o  10m @ 850g/t Ag from 47m, including 3m @ 2,593g/t Ag from 50m; and

o  13m @ 1,615g/t Ag from 62m, including 2m @ 10,049g/t Ag from 63m.

·    Native silver observed in drill core from 25WCDD011.

·    Significant high-grade gold intercept: 1m @ 11.1 g/t Au from 51m in
25WCDD011.

·    Drill hole 25WCDD012 also returned high-grade silver intercepts,
including:

o  6m @ 317g/t Ag from 10m, including 1m @ 1,455g/t Ag from 13m; and

o  14m @ 162g/t Ag from 18m.

·    Results continue to confirm the presence of near-surface, high-grade
silver mineralisation at Elizabeth Hill.

·    Assay results for a further six holes from the inaugural 12-hole
(1,183m) diamond programme remain outstanding.

 

Robert Mosig, Technical Director, commented:

"These results further demonstrate the outstanding grades and near-surface
potential at Elizabeth Hill. Intercepts of up to 10,049 grams per tonne silver
and 11.1 grams per tonne gold are exceptional outcomes from the maiden
programme and confirm the significant value in the project.

"With Alien's 30%, which is interest-free, carried through to decision to
mine, our shareholders retain strong exposure to any success at Elizabeth
Hill. We look forward to further assay results expected in the coming weeks."

Assay Results and Observations

Of the four drill holes reported (25WCDD003, 25WCDD004, 25WCDD011 and
25WCDD012), exceptionally shallow, high-grade silver results were returned for
25WCDD011 and 25WCDD012 (Figure 3 and Figure 4).

Both holes intersected significant silver mineralisation from near surface
(Table 1), with particularly impressive results from hole 25WCDD011 which
intersected:

·      17m @ 858 g/t Ag from 5m (including 2m @ 6,349 g/t Ag);

·      10m @ 850 g/t Ag from 47m (including 3m @ 2,593 g/t Ag); and

·      13m @ 1,615 g/t Ag from 62m (including 2m @ 10,049 g/t Ag).

Drill hole 25WCDD011, which was strategically drilled to test depth and
mineralisation continuity, has also intersected significant high-grade gold
mineralisation (Table 2), including 1 metre at 11.1g/t Au.

Along with significant silver and gold mineralisation, native silver has also
been identified in 25WCDD011 (Figure 1 & Figure 2). This development has
initiated investigations within West Coast Silver Limited into the viability
of a simplistic gravity separation process to recover free silver from
Elizabeth Hill style mineralisation. Elizabeth Hill is located adjacent to a
number of existing processing facilities, including Radio Hill, which is
located ~25km to the north. Utilisation of these facilities will be factored
into the WCE's assessment of the potential processing of Elizabeth Hill
material.

Figure 1 - 25WCDD011: 49.68-53.28m - visible native silver and silver sulphide
minerals (yellow circle) in coarse crystalline calcite-quartz vein. The vein
is hosted in fine- to-medium grained pyroxenite. The silver minerals are
between 1mm and 2mm in size and comprise about 1% of the 20cm calcite-quartz
vein, commencing at 52m.

 

Cautionary Statement: In relation to disclosure of visual estimates of native
silver and silver sulphide minerals, the Company cautions that visual methods
of mineral identification and estimation of minerals abundance should not be
considered as a proxy of substitute for laboratory analysis. The Ag
concentrations as determined with the laboratory analysis are shown for the
respective intervals on the core tray. Visual information also potentially
provides no information regarding impurities or deleterious physical
properties relevant to valuations.

  Figure 2 - 25WCDD011: 52.01-52.2m (SAMPLE 25WC04-015) - Silver-grey native silver and silver sulphide minerals 1mm to 2mm in size comprise about 1% of the fine-grained quartz and coarse-grained calcite vein. Quartz comprises about 20% and calcite about 80% of the vein.

Drill hole 25WCDD012 has also intersected high-grade silver from near surface
including:

·      6m @ 317 g/t Ag from 10m (including 1m @ 1,455 g/t Ag); and

·      14m @ 162 g/t Ag from 18m (including 2m @ 882 g/t Ag).

 Hole ID    Interval (m)  Ag      From (m)

                          (g/t)
 25WCDD011  17.00         858     5.00
 Including  2.00          6,349   7.00
 25WCDD011  7.00          545     25.00
 25WCDD011  1.00          29      42.00
 Including  0.77          3,741   26.00
 25WCDD011  10.00         850     47.00
 including  3.00          2,593   50.00
 25WCDD011  1.00          33      59.00
 25WCDD011  13.00         1,615   62.00
 Including  2.00          10,049  63.00
 25WCDD011  8.00          101     80.00
 25WCDD011  4.00          49      99.00
 25WCDD012  1.00          28      4.00
 25WCDD012  6.00          317     10.00
 Including  1.00          1,455   13.00
 25WCDD012  14.00         162     18.00
 Including  2.00          882     26.00

Table 1 - Significant Silver Intercept Table (25g/t Ag cut-off)

 

 Hole ID    Interval (m)  Au      From (m)

                          (g/t)
 25WCDD011  2.50          0.86    26.5
 25WCDD011  1.00          11.10   51
 25WCDD011  3.00          1.51    62

Table 2 - Significant Gold Intercept Table (0.1g/t Au cut-off)

Figure 3 - Plan view of 2025 West Coast Silver Diamond core drilling and
historical drilling

Figure 4 - Long section showing drill holes 25WCDD004, 25WCDD011 &
25WCDD012 and previously reported 25WCDD001 & 25WCDD002 (refer to ASX
announcement dated 16th July 2025).

Laboratory Testing

Results have now been received for six diamond drill holes (25CWDD001, 002,
003, 004, 011 & 012) with no significant drill intercepts received for
holes 25CWDD003 and 25WCDD004 (Figure 4). The collar locations and assay
results for the four holes reported in this release are provided in Appendices
A and B, respectively. The remaining results for the six outstanding drill
holes are expected to be returned within 4-6 weeks. Result timeframes may vary
pending laboratory analysis requirements for further testing.

Upcoming Works at Elizabeth Hill

Figure 5 - Key upcoming works and catalysts, as provided by West Coast
Silver

 

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  (#_ftn1) ))

·    Previous mining operation ceased abruptly in 2000 because of low
silver prices (US$5/oz)(( 2  (#_ftn2) )) 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 6 - Tenement Location

Competent Person's Statement

The information in this announcement that relates to Drilling Results is based
on information compiled by Mr Robert Mosig a Competent Person who is a Fellow
of the Australasian Institute of Mining and Metallurgy. Mr Mosig is a Director
of West Coast Silver Limited and a Director of Alien Metals Limited.

 

Mr Mosig 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 'Australasian Code for Reporting of Exploration Results,
Mineral Resources and Ore Reserves', and a Specialist under the 2015 Edition
of the 'Australasian Code for Public Reporting of technical assessments and
valuations of mineral assets'.

 

Mr Mosig consents to the inclusion in the report of the matters based on his
information and in the form and context in which it appears.

 

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.

Appendix A - Drill Collar Locations for West Coast Silver

 

 Hole ID    Easting_m  Northing_m  RL  Azi  Dip  EOH (m)
 25WCDD001  487008     7667938     79  91   62   47.2
 25WCDD002  487023     7667943     79  165  75   90.5
 25WCDD003  487033     7667910     80  180  60   120.4
 25WCDD004  487062     7667898     82  240  65   141.9
 25WCDD005  486972     7667906     79  140  65   171.3
 25WCDD006  487090     7667909     84  250  57   192.41
 25WCDD007  487004     7667937     79  110  55   57.3
 25WCDD008  487003     7667936     79  130  62   63.3
 25WCDD009  487037     7667918     80  265  65   60.1
 25WCDD010  487037     7667918     80  250  72   66.4
 25WCDD011  487025     7667955     79  180  50   103
 25WCDD012  487020     7667937     79  164  90   54

 Coordinate system GDA94z50

 

Appendix B - Assay Results for West Coast Silver

 

 Hole_ID    From    To      Ag g/t     Au g/t  Cu %   Pb ppm  Zn ppm
 25WCDD003  0.00    1.00    0.39       0.005   0.061  2.2     48
 25WCDD003  1.00    2.00    0.19       0.005   0.110  1.8     93
 25WCDD003  2.00    3.00    0.24       0.005   0.077  1.1     85
 25WCDD003  3.00    4.00    0.41       0.005   0.065  0.9     70
 25WCDD003  4.00    5.00    1.48       0.010   0.129  1.4     74
 25WCDD003  5.00    6.00    2.12       0.005   0.121  1.3     70
 25WCDD003  6.00    7.00    2.37       0.005   0.074  1.3     64
 25WCDD003  7.00    8.00    1.69       0.010   0.045  0.8     63
 25WCDD003  8.00    9.00    1.67       0.005   0.052  1       62
 25WCDD003  9.00    10.00   0.67       0.005   0.028  0.8     65
 25WCDD003  10.00   11.00   0.86       0.005   0.033  0.8     60
 25WCDD003  11.00   12.00   1.29       0.005   0.045  0.8     59
 25WCDD003  12.00   13.00   1.92       0.005   0.075  0.7     63
 25WCDD003  13.00   14.00   0.98       0.005   0.039  1       65
 25WCDD003  14.00   15.00   0.26       0.005   0.001  8.6     103
 25WCDD003  15.00   16.00   0.16       0.020   0.001  5.2     135
 25WCDD003  16.00   17.00   0.15       0.005   0.006  3.1     94
 25WCDD003  17.00   18.00   0.24       0.005   0.011  1.9     83
 25WCDD003  18.00   19.00   1.23       0.010   0.060  0.8     52
 25WCDD003  19.00   20.00   0.58       0.005   0.029  0.8     56
 25WCDD003  20.00   21.00   1.06       0.010   0.054  0.7     62
 25WCDD003  21.00   22.00   2.18       0.070   0.125  1       72
 25WCDD003  22.00   23.00   1.91       0.020   0.122  1       68
 25WCDD003  23.00   24.00   1.10       0.005   0.064  0.7     64
 25WCDD003  24.00   25.00   1.26       0.005   0.076  0.8     63
 25WCDD003  25.00   26.00   7.83       0.010   0.407  1.2     69
 25WCDD003  26.00   27.00   5.32       0.020   0.302  1.4     73
 25WCDD003  27.00   28.00   1.94       0.030   0.091  0.9     61
 25WCDD003  28.00   29.00   0.80       0.010   0.026  0.6     56
 25WCDD003  29.00   30.00   0.65       0.005   0.023  0.8     56
 25WCDD003  30.00   31.00   0.30       0.005   0.007  0.6     52
 25WCDD003  31.00   32.00   0.36       0.005   0.010  0.6     51
 25WCDD003  32.00   33.00   0.64       0.005   0.027  0.7     55
 25WCDD003  33.00   34.00   0.33       0.010   0.011  1.4     59
 25WCDD003  34.00   35.00   0.41       0.005   0.018  0.6     59
 25WCDD003  35.00   36.00   2.12       0.010   0.131  0.7     62
 25WCDD003  36.00   37.00   0.49       0.010   0.033  0.6     59
 25WCDD003  37.00   38.00   0.85       0.010   0.054  0.7     59
 25WCDD003  38.00   39.00   0.75       0.005   0.054  1.1     67
 25WCDD003  39.00   40.00   0.63       0.010   0.047  2.5     69
 25WCDD003  40.00   41.00   0.81       0.005   0.092  7.9     81
 25WCDD003  41.00   42.00   0.42       0.005   0.039  3.9     77
 25WCDD003  63.00   64.00   1.06       0.020   0.149  1.2     65
 25WCDD003  64.00   65.00   0.72       0.010   0.087  1.3     65
 25WCDD003  67.00   68.00   1.56       0.020   0.201  15.6    84
 25WCDD003  68.00   69.00   1.03       0.010   0.156  12.7    84
 25WCDD003  74.00   75.00   1.14       0.010   0.152  12.8    75
 25WCDD003  75.00   76.00   0.37       0.005   0.056  4.1     76
 25WCDD003  91.00   92.00   0.51       0.005   0.067  5.6     78
 25WCDD003  92.00   93.00   0.42       0.005   0.045  4.6     70
 25WCDD004  19.00   20.00   1.75       0.050   0.148  37.6    53
 25WCDD004  24.00   25.00   0.38       0.010   0.038  1.4     59
 25WCDD004  25.00   26.00   1.56       0.040   0.352  11.3    86
 25WCDD004  26.00   27.00   1.17       0.010   0.205  1.9     78
 25WCDD004  44.00   45.00   2.24       0.010   0.397  6       59
 25WCDD004  45.00   46.00   0.85       0.005   0.144  3.1     51
 25WCDD004  52.00   53.00   0.39       0.005   0.078  5.3     68
 25WCDD004  57.00   58.00   0.72       0.005   0.170  5       66
 25WCDD004  58.00   59.00   2.03       0.010   0.443  28.4    66
 25WCDD004  74.00   75.00   3.31       0.010   0.811  16.3    91
 25WCDD004  75.00   76.00   1.74       0.010   0.330  19.9    51
 25WCDD004  76.00   77.00   2.95       0.010   0.482  9.6     59
 25WCDD004  77.00   78.00   4.39       0.005   0.627  45.3    77
 25WCDD004  78.00   79.00   3.45       0.005   0.551  25.5    85
 25WCDD004  79.00   80.00   2.20       0.005   0.277  27.1    81
 25WCDD004  80.00   81.00   15.70      0.010   1.760  15.4    142
 25WCDD004  81.00   82.00   3.64       0.005   0.352  8       88
 25WCDD004  82.00   83.00   1.78       0.005   0.071  10.4    89
 25WCDD004  87.00   88.00   1.80       0.005   0.044  3.2     80
 25WCDD004  88.00   89.00   5.30       0.005   0.121  3.6     84
 25WCDD004  90.00   91.00   17.25      0.005   0.496  5.4     101
 25WCDD004  91.00   92.00   1.19       0.005   0.024  2       82
 25WCDD004  92.00   93.00   1.06       0.005   0.017  1.5     79
 25WCDD004  93.00   94.00   1.95       0.005   0.024  2.3     78
 25WCDD004  94.00   95.00   1.56       0.005   0.019  2.6     82
 25WCDD004  95.00   96.00   3.21       0.005   0.041  2.8     86
 25WCDD004  96.00   97.00   3.00       0.005   0.029  5.1     83
 25WCDD004  97.00   98.00   2.91       0.005   0.027  2.8     83
 25WCDD004  98.00   99.00   2.28       0.005   0.019  3       84
 25WCDD004  99.00   100.00  8.09       0.005   0.064  9.6     91
 25WCDD004  100.00  101.00  5.58       0.005   0.048  10.4    81
 25WCDD004  101.00  102.00  6.17       0.005   0.053  6400    84
 25WCDD004  102.00  103.00  6.98       0.005   0.055  13.6    72
 25WCDD004  103.00  104.00  7.89       0.005   0.067  6.4     73
 25WCDD004  104.00  105.00  8.28       0.005   0.075  14.3    92
 25WCDD004  105.00  106.00  6.84       0.005   0.060  19.3    90
 25WCDD004  106.00  107.00  2.88       0.005   0.023  60.4    109
 25WCDD004  107.00  108.00  4.36       0.005   0.037  6.3     84
 25WCDD004  108.00  109.00  10.55      0.010   0.081  7.9     84
 25WCDD004  109.00  110.00  8.80       0.005   0.070  19.8    93
 25WCDD004  110.00  111.00  6.70       0.005   0.047  33.2    224
 25WCDD004  111.00  112.00  2.03       0.005   0.019  16      148
 25WCDD004  112.00  113.00  6.88       0.005   0.067  98.4    153
 25WCDD004  113.00  114.00  4.95       0.005   0.041  37.5    88
 25WCDD004  114.00  115.00  1.92       0.005   0.016  220     107
 25WCDD004  115.00  116.00  5.73       0.005   0.046  37.2    179
 25WCDD004  116.00  117.00  7.07       0.005   0.061  21.3    151
 25WCDD004  117.00  118.00  4.45       0.010   0.041  42.7    319
 25WCDD004  118.00  119.00  2.65       0.005   0.020  54.3    174
 25WCDD004  119.00  120.00  2.82       0.005   0.036  49.2    228
 25WCDD004  120.00  121.00  5.46       0.005   0.050  139     1050
 25WCDD004  121.00  122.00  5.73       0.005   0.054  119.5   634
 25WCDD004  122.00  123.00  2.84       0.005   0.034  371     367
 25WCDD004  123.00  124.00  4.54       0.005   0.047  108     245
 25WCDD004  124.00  125.00  2.45       0.005   0.026  105.5   230
 25WCDD004  125.00  126.00  4.89       0.005   0.040  246     635
 25WCDD004  126.00  127.00  7.21       0.010   0.035  5830    1480
 25WCDD004  127.00  128.00  2.96       0.005   0.034  208     437
 25WCDD004  128.00  129.00  3.11       0.005   0.015  737     393
 25WCDD004  129.00  130.00  3.91       0.010   0.006  520     142
 25WCDD004  130.00  133.00  5.14       0.005   0.003  283     92
 25WCDD004  133.00  134.00  11.55      0.010   0.002  70.9    57
 25WCDD004  134.00  135.00  7.04       0.005   0.001  20      31
 25WCDD004  135.00  136.00  2.70       0.010   0.001  21.9    26
 25WCDD004  136.00  137.00  2.79       0.010   0.001  24.6    32
 25WCDD004  137.00  138.00  0.41       0.010   0.001  38.6    19
 25WCDD004  138.00  139.00  0.11       0.005   0.001  39.7    24
 25WCDD004  139.00  140.00  0.12       0.010   0.000  41.8    23
 25WCDD004  140.00  141.00  0.18       0.010   0.001  42.4    22
 25WCDD004  141.00  141.90  0.08       0.010   0.000  56.1    15
 25WCDD011  0.00    1.00    15.40      0.005   0.060  77.4    200
 25WCDD011  1.00    2.00    4.87       0.005   0.078  56.8    163
 25WCDD011  2.00    3.00    5.18       0.005   0.083  87.4    224
 25WCDD011  3.00    4.00    4.60       0.005   0.016  160.5   257
 25WCDD011  4.00    5.00    7.46       0.010   0.057  397     564
 25WCDD011  5.00    6.00    28.10      0.010   0.070  308     320
 25WCDD011  6.00    7.00    34.50      0.010   0.056  140.5   332
 25WCDD011  7.00    8.00    11,878.00  0.440   0.437  290     695
 25WCDD011  8.00    9.00    910.00     0.050   0.230  69.2    587
 25WCDD011  9.00    10.00   69.20      0.010   0.242  1040    830
 25WCDD011  10.00   11.00   90.00      0.020   0.093  3450    1005
 25WCDD011  11.00   12.00   218.00     0.020   0.106  6140    1445
 25WCDD011  12.00   13.00   92.50      0.060   0.149  2330    1595
 25WCDD011  13.00   13.50   73.10      0.060   0.307  6800    1815
 25WCDD011  13.50   14.00   190.00     0.070   0.298  7550    2010
 25WCDD011  14.00   15.00   226.00     0.090   0.143  4450    2280
 25WCDD011  15.00   16.00   100.00     0.040   0.129  3310    1395
 25WCDD011  16.00   17.00   78.90      0.010   0.066  1730    875
 25WCDD011  17.00   18.00   149.00     0.010   0.051  1130    393
 25WCDD011  18.00   19.00   181.00     0.010   0.087  2290    437
 25WCDD011  19.00   20.00   125.00     0.010   0.106  488     241
 25WCDD011  20.00   21.00   105.00     0.010   0.055  574     113
 25WCDD011  21.00   22.00   164.00     0.020   0.043  1120    276
 25WCDD011  22.00   23.00   11.60      0.020   0.114  1265    843
 25WCDD011  23.00   24.00   6.64       0.030   0.066  1015    1000
 25WCDD011  24.00   25.00   12.05      0.020   0.043  453     844
 25WCDD011  25.00   26.00   97.70      0.010   0.060  531     788
 25WCDD011  26.00   26.50   928.00     0.020   0.089  876     1115
 25WCDD011  26.50   26.77   8,950.00   1.900   0.217  1275    1575
 25WCDD011  26.77   28.00   461.00     0.160   0.074  1445    1325
 25WCDD011  28.00   29.00   96.40      0.100   0.085  5370    1105
 25WCDD011  29.00   31.00   64.20      0.020   0.038  1725    696
 25WCDD011  31.00   32.00   47.80      0.010   0.128  800     389
 25WCDD011  32.00   33.00   15.40      0.005   0.050  70.3    148
 25WCDD011  33.00   34.00   11.50      0.005   0.046  111     179
 25WCDD011  34.00   35.00   14.75      0.005   0.068  80.7    124
 25WCDD011  35.00   36.00   12.70      0.005   0.044  73.4    151
 25WCDD011  36.00   37.00   14.05      0.005   0.073  103.5   286
 25WCDD011  37.00   38.00   21.70      0.005   0.044  56.6    102
 25WCDD011  38.00   39.00   10.55      0.005   0.049  100.5   208
 25WCDD011  39.00   40.00   11.45      0.005   0.059  97.2    132
 25WCDD011  40.00   41.00   11.00      0.005   0.055  34.4    295
 25WCDD011  41.00   42.00   4.43       0.005   0.023  125     258
 25WCDD011  42.00   43.00   28.80      0.005   0.033  2420    655
 25WCDD011  43.00   44.00   3.19       0.010   0.047  139.5   324
 25WCDD011  44.00   45.00   4.04       0.010   0.062  325     532
 25WCDD011  45.00   46.00   12.55      0.010   0.031  96.7    342
 25WCDD011  46.00   47.00   4.37       0.010   0.054  99.7    352
 25WCDD011  47.00   48.00   375.00     0.100   0.284  541     738
 25WCDD011  48.00   49.00   14.80      0.010   0.061  75.8    341
 25WCDD011  49.00   50.00   109.00     0.020   0.033  58.6    164
 25WCDD011  50.00   51.00   2,670.00   0.080   0.053  123.5   198
 25WCDD011  51.00   52.00   2,770.00   11.100  0.055  5270    509
 25WCDD011  52.00   53.00   2,340.00   0.070   0.043  818     262
 25WCDD011  53.00   54.00   20.50      0.010   0.040  87.4    159
 25WCDD011  54.00   55.00   135.00     0.010   0.572  254     430
 25WCDD011  55.00   56.00   35.10      0.070   0.095  107.5   310
 25WCDD011  56.00   57.00   33.80      0.010   0.123  110.5   236
 25WCDD011  57.00   58.00   5.79       0.005   0.030  18.3    78
 25WCDD011  58.00   59.00   21.70      0.005   0.054  59.2    146
 25WCDD011  59.00   60.00   32.60      0.005   0.053  128     183
 25WCDD011  60.00   61.00   21.00      0.005   0.030  18.4    91
 25WCDD011  61.00   62.00   9.39       0.010   0.092  94.7    297
 25WCDD011  62.00   63.00   81.80      0.340   0.043  632     344
 25WCDD011  63.00   63.60   2,500.00   5.510   0.236  3340    4340
 25WCDD011  63.60   64.04   19,442.50  1.590   0.973  10000*  4680
 25WCDD011  64.04   65.00   10,461.00  0.180   0.791  10000*  7540
 25WCDD011  65.00   65.55   289.00     0.020   0.412  7260    4330
 25WCDD011  65.55   66.38   186.00     0.050   0.199  2210    3980
 25WCDD011  66.38   67.00   318.00     0.050   0.030  1570    954
 25WCDD011  67.00   68.00   127.00     0.010   0.027  453     386
 25WCDD011  68.00   69.00   11.90      0.005   0.016  177.5   326
 25WCDD011  69.00   70.00   6.25       0.005   0.018  230     728
 25WCDD011  70.00   71.00   57.60      0.005   0.163  55.4    119
 25WCDD011  71.00   72.10   27.90      0.005   0.073  31.6    101
 25WCDD011  74.10   75.00   81.50      0.010   0.310  136     686
 25WCDD011  75.00   76.00   11.40      0.005   0.048  90.2    669
 25WCDD011  76.00   77.00   12.55      0.010   0.033  28.6    118
 25WCDD011  77.00   78.00   7.89       0.005   0.017  38.7    68
 25WCDD011  78.00   79.00   13.90      0.005   0.031  63.4    205
 25WCDD011  79.00   80.00   11.00      0.005   0.027  65.4    128
 25WCDD011  80.00   81.00   54.80      0.005   0.092  245     484
 25WCDD011  81.00   82.00   6.34       0.010   0.064  313     710
 25WCDD011  82.00   83.00   247.00     0.010   0.221  922     2320
 25WCDD011  83.00   84.00   69.30      0.010   0.136  1255    3140
 25WCDD011  84.00   85.00   76.20      0.010   0.103  333     2890
 25WCDD011  85.00   86.00   199.00     0.090   0.980  5190    4260
 25WCDD011  86.00   87.00   40.50      0.010   0.075  245     2060
 25WCDD011  87.00   88.00   115.00     0.010   0.228  76.3    681
 25WCDD011  88.00   88.70   21.40      0.005   0.060  139     528
 25WCDD011  92.90   94.00   11.75      0.010   0.056  295     427
 25WCDD011  94.00   95.00   4.12       0.090   0.026  56.1    306
 25WCDD011  95.00   96.00   22.10      0.005   0.038  159.5   181
 25WCDD011  96.00   97.00   14.60      0.005   0.047  102     284
 25WCDD011  97.00   98.00   23.50      0.010   0.070  94      342
 25WCDD011  98.00   99.00   20.90      0.010   0.024  40      202
 25WCDD011  99.00   100.00  70.70      0.010   0.029  56.7    161
 25WCDD011  100.00  101.00  66.00      0.020   0.031  72      1230
 25WCDD011  101.00  102.00  14.45      0.005   0.032  51.8    190
 25WCDD011  102.00  103.00  45.80      0.005   0.135  107.5   383
 25WCDD012  0.00    1.00    9.67       0.010   0.360  125     248
 25WCDD012  1.00    2.00    24.90      0.010   0.549  114.5   258
 25WCDD012  2.00    3.00    3.33       0.005   0.253  22.1    435
 25WCDD012  3.00    4.00    17.20      0.005   0.104  18.6    258
 25WCDD012  4.00    5.00    28.40      0.005   0.151  158     408
 25WCDD012  5.00    6.00    12.80      0.005   0.399  325     877
 25WCDD012  6.00    7.00    7.08       0.005   0.295  3000    1005
 25WCDD012  7.00    8.00    4.42       0.005   0.281  2560    1250
 25WCDD012  8.00    9.00    5.12       0.005   0.181  3000    1365
 25WCDD012  9.00    10.00   3.45       0.005   0.141  2800    1050
 25WCDD012  10.00   11.00   48.80      0.020   0.188  4830    917
 25WCDD012  11.00   12.00   14.85      0.010   0.254  4440    1215
 25WCDD012  12.00   13.00   10.10      0.005   0.233  2580    1470
 25WCDD012  13.00   14.00   1,455.00   0.410   0.271  6790    2060
 25WCDD012  14.00   15.00   334.00     0.220   0.187  10000*  2120
 25WCDD012  15.00   16.00   39.00      0.040   0.167  5100    1610
 25WCDD012  16.00   17.00   17.90      0.020   0.309  3420    1870
 25WCDD012  17.00   18.00   8.30       0.030   0.301  3240    1715
 25WCDD012  18.00   19.00   32.00      0.030   0.261  4550    1780
 25WCDD012  19.00   20.00   9.46       0.010   0.069  1405    1045
 25WCDD012  20.00   21.00   56.70      0.030   0.044  1665    896
 25WCDD012  21.00   22.00   26.90      0.020   0.043  1295    1095
 25WCDD012  22.00   23.00   14.40      0.010   0.040  1555    1025
 25WCDD012  23.00   24.00   7.34       0.005   0.056  1565    1115
 25WCDD012  24.00   25.00   52.50      0.290   0.066  1765    1060
 25WCDD012  25.00   26.00   82.40      0.020   0.051  231     721
 25WCDD012  26.00   27.00   886.00     0.005   0.162  1190    1365
 25WCDD012  27.00   28.00   877.00     0.010   0.022  4590    8890
 25WCDD012  28.00   29.00   73.80      0.005   0.082  331     881
 25WCDD012  29.00   29.50   25.30      0.005   0.085  79.3    315
 25WCDD012  29.50   30.00   104.00     0.010   0.581  220     301
 25WCDD012  30.00   31.00   10.65      0.005   0.061  77.7    191
 25WCDD012  31.00   31.50   17.45      0.005   0.063  82.1    428
 25WCDD012  31.50   32.00   120.00     0.010   0.419  58.3    346
 25WCDD012  32.00   33.00   13.90      0.005   0.066  445     312
 25WCDD012  33.00   34.00   4.89       0.005   0.010  175     72
 25WCDD012  34.00   35.00   1.20       0.005   0.002  30.6    10
 25WCDD012  35.00   36.00   207.00     0.010   0.029  2780    279
 25WCDD012  36.00   37.00   9.68       0.005   0.037  84.2    145
 25WCDD012  37.00   38.00   1.43       0.010   0.018  168     134
 25WCDD012  38.00   39.00   0.42       0.005   0.003  113.5   131
 25WCDD012  39.00   40.00   2.06       0.005   0.011  117     272
 25WCDD012  40.00   41.00   2.73       0.005   0.015  146     412
 25WCDD012  41.00   42.00   0.71       0.005   0.010  148.5   691
 25WCDD012  42.00   43.00   2.08       0.005   0.037  146.5   216
 25WCDD012  43.00   44.00   0.62       0.005   0.008  63.7    105
 25WCDD012  44.00   45.00   0.44       0.005   0.016  36.4    27
 25WCDD012  45.00   46.00   0.53       0.005   0.017  70.3    88
 25WCDD012  46.00   47.00   0.97       0.005   0.024  63.2    178
 25WCDD012  47.00   48.00   0.18       0.005   0.003  20.3    47
 25WCDD012  48.00   49.00   0.12       0.005   0.001  17.4    49
 25WCDD012  49.00   50.00   0.16       0.005   0.003  27.8    106
 25WCDD012  50.00   51.00   0.46       0.005   0.007  60.7    185
 25WCDD012  51.00   52.00   0.19       0.005   0.003  43      101
 25WCDD012  52.00   53.00   0.12       0.005   0.001  30.2    57
 25WCDD012  53.00   54.00   0.45       0.005   0.001  55.9    30

* above upper detection limit of 10,000g/t for the analytical method for Pb

 1  (#_ftnref1) WAMEX Annual Report,1 April 2014 to 31 March 2015, Elizabeth
Hill Silver Project, Global Strategic Metals NL, p16

 2  (#_ftnref2) www.kitco.com/charts/silver (//www.kitco.com/charts/silver)

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