REG - Alien Metals Limited - Mobilisation Commences for Inaugural Drilling

Alien MetalsAnnouncement

23/05/2025 09:30

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RNS Number : 9699J  Alien Metals Limited  23 May 2025

Trading Symbols

AIM: UFO

FWB: I3A1

23 May 2025

 

Alien Metals Limited

("Alien" or the "Company")

 

Mobilisation Commences for Inaugural Drilling Campaign at Elizabeth Hill
Silver Project

 

Alien Metals Ltd (AIM: UFO), a minerals exploration and development company,
is pleased to announce that its joint venture partner, West Coast Silver
Limited (ASX: WCE) (formerly Errawarra Resources Limited) ("West Coast
Silver"), has commenced mobilisation for its maiden diamond drilling campaign
at the Elizabeth Hill Silver Project ("Elizabeth Hill" or the "Project"),
located in the Pilbara region of Western Australia.

Highlights:
 

·    Mobilisation of drilling contractor West Core Drilling Pty Ltd
scheduled over the weekend of 24-25 May 2025

·    Drilling operations to commence shortly thereafter, targeting
extensions to known high-grade silver mineralisation

·    Programme to target extensional and down-plunge silver
mineralisation, with a focus on expanding known high-grade zones

·    Use of portable XRF ('pXRF') technology on site to provide real-time
elemental data and guide in-field decision-making

·    First significant drill program at Elizabeth Hill under the West
Coast Silver joint venture

The West Coast Silver technical team has also been finalising preparations,
both on-site and at the Company's core logging and processing facility in
Karratha, to ensure an efficient and well-supported start to the programme.

The upcoming drilling campaign will test both extensional and down-plunge
targets associated with the known high-grade silver mineralisation at
Elizabeth Hill. In addition to targeting potential mineralised extensions, the
programme aims to enhance geological understanding of the structural framework
that hosts the Elizabeth Hill mineralised envelope.

To support real-time decision-making and optimise drill targeting, portable
X-Ray Fluorescence (pXRF) technology will be utilised on site to deliver rapid
elemental analysis during the course of the programme.

Figure 1 - Elizabeth Hill Silver Mine Schematic

 
Guy Robertson, Executive Chairman, commented:

"Commencement of drilling at Elizabeth Hill marks another major step forward
for the joint venture. With our partners at West Coast Silver now on the
ground and mobilising to drill, we look forward to results from what is one of
Australia's highest-grade historic silver mines. This work aligns with our
strategy to progress the Elizabeth Hill and Pinderi Hills projects with
minimal dilution to Alien shareholders while retaining exposure to significant
upside."

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 ahead grade of 2,194g/t (77.4 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 - Project Location

 

 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

 

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.

 

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