REG - Alien Metals Limited - Native Silver intersected at Elizabeth Hill
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RNS Number : 1949G Alien Metals Limited 05 November 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.
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Trading Symbols
AIM: UFO
FWB: I3A1
5 November 2025
Alien Metals Limited
("Alien" or the "Company")
Native Silver intersected in drilling at Elizabeth Hill Silver Project
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) ("West Coast Silver") has announced that shallow visual native silver and related silver-bearing minerals have been confirmed in four of the five initial drill holes intersecting the up-plunge position of the historically mined 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 West Coast Silver.
Belinda Murray, Executive Director of Alien, commented:
"It is very encouraging to see West Coast Silver continue to deliver such strong early results from its drilling at Elizabeth Hill, including the identification of visible native silver close to surface. These results further reinforce the exceptional potential of one of Australia's highest-grade historical silver deposits. "
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:
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 / 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
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 its 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
exploration tenements surrounding the historical silver mine which has
produced some of Australia's highest-grade silver ore during the late 1990s.
Competent Person's Statement
Thomas Reddicliffe, BSc (Hons), MSc, a Director and Shareholder of the
Company, is a Fellow of the AUSIMM, and has sufficient experience which is
relevant to the style of mineralisation and type of deposit under
consideration 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'. Thomas Reddicliffe consents to the inclusion in
the report of the information in the form and context in which it appears.
Appendix A - ASX: WCE ANNOUNCEMENT
Native Silver intersected in drilling at Elizabeth Hill Silver Project
Highlights
· Initial five drill holes successfully completed intersecting the up-plunge position of the historically mined high grade Elizabeth Hill silver deposit
· The mineralized zone is defined by quartz-carbonate veining/stockwork and host to native silver, related silver minerals and base metals
· Native silver visually identified in two drill holes and confirmed through pXRF 1 analysis
· Native Silver in hole 25WCDD014 is visually significant and occurs in 3 separate intervals
· ~1,300m diamond drilling program is projected to conclude mid-November
· Silver mineralisation has been identified in drill holes 25WCDD013, 14, 16 & 17 (Figures 1 - 7)
Figure 1: Photograph of cut half HQ3 drill core (25WCDD014) from 53.68m to 53.75m
West Coast Silver Limited (ASX: WCE) ("West Coast Silver" or the "Company") is
pleased to advise that the follow up diamond drill program to the inaugural
diamond drilling at the high-grade historic Elizabeth Hill Silver Project in
the Pilbara (Western Australia) has delivered an exceptional start, with
shallow visual native silver and related silver-bearing minerals confirmed in
four of the first five holes completed (Figure 8, Appendix 1).
Commenting on the results, Executive Chairman Bruce Garlick said:
"We are extremely pleased with this exceptional start to our follow up drill
program. To intersect Native silver in two drill holes and silver-bearing
minerals in another two holes close to surface is a tremendous result and
validates our belief in the near-surface potential at Elizabeth Hill.
Drill Hole Mineralisation: Visual Observations/pXRF
Throughout the drilling process, all drill holes undergo geological logging to
assess lithology, alteration, and mineralisation. In four of the initial five
completed drillholes, native silver and/or silver minerals were identified and
verified using a Vanta portable XRF ("pXRF") device. It is important to note
that while pXRF readings provide valuable insights, they should not be
considered a substitute for thorough laboratory analysis. These readings
reflect elemental concentrations at specific locations rather than providing a
comprehensive overview of the entire rock sample.
WCE emphasises that visual estimates of mineral abundance should not be
regarded as a proxy or substitute for laboratory analyses, particularly when
concentrations or grades are of primary economic significance. Furthermore,
visual estimates do not yield information concerning impurities or detrimental
physical properties that are pertinent to valuations.
Description of silver mineralisation
Drill hole 25WCDD014
Diamond drill hole 25WCDD014 contained three intervals of native silver
mineralisation identified by geological logging and confirmed by pXRF analysis
(Appendix 2). The geologically logged intervals of native silver
mineralisation occur within the following intervals of the core photos below:
· 53.57m to 54.07m - 1% to 2% observed native silver (Figure 2).
· 66.24m to 66.42m - 1% observed native silver (Figure 3).
· 74.52m to 74.95m - 1% observed native silver (Figure 4).
Figure 2: Photograph of cut half HQ3 drill core (25WCDD014) from 53.45m to 54.18m showing 2mm to 4mm grains of native silver hosted within and adjacent to 1cm to 3cm thick carbonate veins in an ultramafic host rock. The native silver content is estimated at 1% to 2% by volume.
Figure 3: Photograph of cut half HQ3 drill core (25WCDD014) from 65.96m to
66.60m showing 1% visually estimated, 2mm to 3mm long native silver grains
hosted in and adjacent to 1cm to 10cm thick carbonate veins in an ultramafic
host rock.
Figure 4: Photograph of cut half HQ3 drill core (25WCDD014) from 74.42m to
75.11m showing 1% visually estimated, 2mm to 4mm long native silver grains
hosted within and adjacent to 1cm to 3cm thick carbonate veins in an
ultramafic host rock.
Drill hole 25WCDD013
Diamond drill hole 25WCDD013 contained approximately 5%, brown, oxidised
carbonate-quartz veins, up to 5cm wide, from 14.80m to 16.60m depth (Figure
5). Within and adjacent to these veins, black, secondary minerals (1%),
ranging from1mm to 2mm in size, were identified and have been confirmed by
pXRF to contain silver (Appendix 2).
Figure 5: Photograph of HQ3 diamond drill core (25WCDD013) from 14.48m to
17.65m showing several, up to 5cm wide, carbonate-quartz veins with 1mm to 2mm
black silver-bearing minerals (1%) confirmed by pXRF in moderately weathered
ultramafic host rock.
CAUTIONARY STATEMENT
It is important to note that while pXRF readings provide valuable insights,
they should not be considered a substitute for thorough laboratory analysis.
These readings reflect elemental concentrations at specific locations rather
than providing a comprehensive overview of the entire rock sample.
WCE emphasises that visual estimates of mineral abundance should not be
regarded as a proxy or substitute for laboratory analyses, particularly when
concentrations or grades are of primary economic significance. Furthermore,
visual estimates do not yield information concerning impurities or detrimental
physical properties that are pertinent to valuations.
Drill hole 25WCDD016
Diamond drill hole 25WCDD016 showed black oxidised minerals up to 2cm long and
approximately 1% of the breccia from 44.59m to 44.61m (Figure 6). These
minerals are hosted in a carbonate-matrix breccia and pXRF confirmed the
presence of silver in this mineral (Appendix 2).
Figure 6: Photograph of HQ3 diamond drill core (25WCDD016) from 44.56m to
44.75m showing several up to 2cm long black minerals from 44.59m to 44.61m
forming approximately 1% of the breccia. These minerals are hosted in a
carbonate-matrix breccia and pXRF confirmed the presence of silver in the
black mineral.
CAUTIONARY STATEMENT
It is important to note that while pXRF readings provide valuable insights,
they should not be considered a substitute for thorough laboratory analysis.
These readings reflect elemental concentrations at specific locations rather
than providing a comprehensive overview of the entire rock sample.
WCE emphasises that visual estimates of mineral abundance should not be
regarded as a proxy or substitute for laboratory analyses, particularly when
concentrations or grades are of primary economic significance. Furthermore,
visual estimates do not yield information concerning impurities or detrimental
physical properties that are pertinent to valuations.
Drill hole 25WCDD017
Diamond drill hole 25WCDD017 contained trace amounts of observed native
silver, occurring as 1mm to 2mm grains at 43.61m within a quartz vein in a
late fracture (Figure 7), and were confirmed by pXRF (Appendix 2).
Figure 7. Photograph of HQ3 diamond drill core (25WCDD017) from 43.58m to
43.82m showing several up to 2mm wide native silver grains (<0.5%)
confirmed by pXRF within a massive quartz vein.
CAUTIONARY STATEMENT
It is important to note that while pXRF readings provide valuable insights,
they should not be considered a substitute for thorough laboratory analysis.
These readings reflect elemental concentrations at specific locations rather
than providing a comprehensive overview of the entire rock sample.
WCE emphasises that visual estimates of mineral abundance should not be
regarded as a proxy or substitute for laboratory analyses, particularly when
concentrations or grades are of primary economic significance. Furthermore,
visual estimates do not yield information concerning impurities or detrimental
physical properties that are pertinent to valuations.
Drill hole 25WCDD015
Diamond drill hole 25WCDD015 did not contain any observable silver
mineralisation and no significant silver was detected in the pXRF (Appendix
2). Laboratory analysis is required to determine the presence or absence of
silver in this drill hole.
Drill Plan and location of silver mineralisation
Drill holes were planned to intersect and verify near surface mineralisation
in historical drill holes at the northern end of previous underground workings
(Figure 8).
Figure 8. Map showing the geological setting, location of drill holes which
contained native silver and silver oxide and sulphide minerals and selected
historical drill results
Note: Call out results in Figure 8 have previously been shown in ASX
Announcement dated 15 October 2025
Cross Sections and location of silver mineralisation
Drill holes 25WCDD013 & 25WCDD014
These drill holes were targeting the prospective interaction of the Munni
Munni fault and the granite/ultramafic contact, as well as targeting
mineralisation at the top of the historical Elizabeth Hill mine sequence
(Figure 9).
Figure 9: Cross section with historical drilling and recently completed drill
holes. Diamond drill hole 25WCDD014 terminated at the top of historical
underground workings
Drill hole 25WCDD016
This drill hole was targeting the prospective interaction of the Munni Munni
fault and granite/ultramafic contact in the northern up plunge position
representing the oxide component of the deeper, native silver and silver
sulphide mineralisation (Figure 10).
Figure 10. Cross section with historical drilling and recently completed drill
hole 25WCDD016
Drill hole 25WCDD017
This drill hole was targeted to intersect the prospective ultramafic rock and
granite contact as well as the Munni Munni fault above the historical
underground workings (Figure 11). Drill hole 25WCDD017 was designed to twin
historical reverse circulation percussion drill hole EC100 and verify its
reported mineralisation (EC100: 14m @ 404g/t Ag from 28m; refer to ASX
Announcement dated 16(th) July 2025).
Figure 11: Cross section with historical drilling and recently completed drill
hole 25WCDD017
Drill hole 25WCDD015
Drill hole 25WCDD015 intersected the Munni Munni fault and the contact between
ultramafic rock and granite (Figure 12). Although no visible silver
mineralisation was observed during geological logging anomalous Ag and Pb was
reported in spot pXRF analyses in the down hole interval 51.18m to 59.36m. The
location of this interval is consistent with mineralisation reported in nearby
historic drill holes(Figure 12). The subsequent assaying of the core from this
drill hole will determine the presence and extent of any silver or any
associated mineralisation within this zone.
Figure 12: Cross section with historical drilling and recently completed drill
hole 25WCDD015
Laboratory Testing
Core from the first three holes has been cut, and half-core has been sampled
and dispatched for laboratory analysis. Core cutting and sampling activities
are continuing, with analytical results expected mid-December 2025 to early
January 2026 (indicative).
Ongoing drilling, sampling and submission will vary depending on drilling
progress.
Result timeframes may vary pending on laboratory analysis requirements for
further analysis of any over-grade silver mineralisation.
Selected samples have been submitted for expediated laboratory processing.
The Elizabeth Hill Project
Elizabeth Hill is historically one of Australia's highest grade silver
projects and has a proven production history outlined below:
• High grades enabled 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)(( 2 )).
• Previous mining operation ceased in 2000: because of low silver prices
(US$5)(( 3 )).
• Simplistic historical processing technique: native silver was
recovered via low-cost gravity separation techniques.
• Untapped potential remains in ground with deposit open at depth and
recent consolidation of land package offers potential to discover more
Elizabeth Hill style deposits.
• Tier 1 Mining Jurisdiction located on a mining lease with potential
processing option at the nearby Radio Hill site. Radio Hill is a
third-party-owned processing facility; WCE has no current agreement in place."
Figure 6: Tenement Location
Through the consolidation of the surrounding land packages into a single
contiguous 180km2 package significant exploration and growth potential exists
both 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
look-a-like silver deposits.
Appendix 1: Drill hole Collar Details
Drill Hole ID Easting (m) Northing (m) RL (mASL) Azimuth (°) Dip Planned Depth (m) Drilled Depth (m) Notes
(°)
Planned Hole 1 487020 7667955 86.53 270 -60 30 0 Planned location Not yet drilled
25WCDD019 487030 7667955 86.62 270 -60 30.4 Logging in progress
25WCDD021 487045 7667955 86.77 270 -60 65 0 Drilling in progress
25WCDD016 487051 7667945 87.34 270 -60 64.9 complete
25WCDD015 487055 7667930 88.47 270 -60 76.9 complete
Planned Hole 6 487068 7667930 89.52 270 -60 100 0 Planned location Not yet drilled
25WCDD013 487027 7667920 87.44 270 -60 38.9 complete
25WCDD014 487057 7667920 89.27 270 -60 76.4 complete
25WCDD018 487027 7667910 87.5 270 -60 33.5 Logging in progress
25WCDD017 487040 7667910 88.2 270 -60 66.0 complete
Planned Hole 11 487030 7667900 87.49 270 -60 60 0 Planned location Not yet drilled
Planned Hole 12 487047 7667900 88.74 270 -60 90 0 Planned location Not yet drilled
Planned Hole 13 487110 7667821 91.73 270 -60 205 0 Planned location Not yet drilled
Planned Hole 14 487137 7667822 91.74 270 -56 225 0 Depends on results of planned drill hole 13
25WCDD020 487030 7667945 87.34 270 -60 47.0 Logging in progress
Appendix 2: Portable XRF Results
Geological Log Portable XRF
Hole_ID Depth From (m) Depth To (m) Interval (m) Min 1 type Min 1 (%) Comments Point Location Depth Interpreted lithology or minerals Ag (g/t) Pb (g/t) S (g/t) Ni (g/t) Cu (g/t)
25WCDD013 0.00 0.27 0.27 Colluvial soil 1.00 Weathered pyroxenite 9 10cm carbonate vein trace 62.55 Galena 367 41,219 26,013 154 5cm thick calcite vein 74.01 Ca-silicate 16 Recent news on Alien Metals
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