REG - Alien Metals Limited - RC Drilling Commences to Advance Elizabeth Hill

Alien MetalsAnnouncement

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RNS Number : 1346Y  Alien Metals Limited  25 March 2026

 

Trading Symbols

AIM: UFO

FWB: I3A1

25 March 2026

 

Alien Metals Limited

("Alien" or the "Company")

RC Drilling Commences to Advance High Grade Elizabeth Hill Silver Project
Alien Metals Limited (AIM: UFO), a minerals exploration and development company, is pleased to advise that its joint venture partner, West Coast Silver Limited (ASX: WCE) ("West Coast" or "West Coast Silver"), has announced that a 4,000m Reverse Circulation (RC) drilling program has commenced at the Elizabeth Hill Silver Project near Karratha, in the Pilbara region of Western Australia.
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:

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

 

Zeus Capital Limited (Joint Broker)

Harry Ansell / Katy Mitchell

Tel +44 (0) 203 829 5000

 

Turner Pope (Joint Broker)

Andy Thacker / Guy McDougall

Tel: +44 (0) 203 657 0050

 

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 follows a
balanced strategy of advancing and strengthening its asset portfolio through
targeted technical work and project development, while evaluating
partnerships, joint ventures, and selective monetisation opportunities that
are value-enhancing for shareholders. At the same time, Alien will continue to
consider opportunities to expand our asset base through carefully selected
acquisition opportunities which meet the Board's prudent 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 has divested a 70%
interest in the Munni Munni tenements to GreenTech and Alien will retain a 30%
interest, free carried to the completion of a bankable feasibility study at
Munni Munni. Alien (via wholly owned subsidiary A.C.N. 643 478 371 Pty Ltd)
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.

 

Competent Person's Statement

The information in this announcement that relates to Exploration Results is
based on information reviewed by Mr Max Nind who is a Member of the Australian
Institute of Geoscientists. Mr Nind is a consultant to Alien and a full-time
employee of ERM Australia Consultants Pty Ltd.

Mr Nind 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 Nind consents to the inclusion in the announcement of the matters based on
this information and in the form and context in which it appears.

Appendix A - ASX: WCE ANNOUNCEMENT

RC Drilling Commences to Advance High Grade Elizabeth Hill Silver Project

 

Highlights

·    Up to 4,000m Reverse Circulation (RC) drilling program has commenced
at the Elizabeth Hill silver project in the Pilbara region of Western
Australia.

·    Initial drilling targets the northern extensions to the Elizabeth
Hill silver mineralised system along the Munni Munni Fault (MMF).

·    The RC program follows up high-grade grade silver intersections
returned from 2025 drilling.

·    All holes are targeted to intersect the MMF within ~150m of surface,
a depth potentially amenable for open-pit mineable, low-cost resource growth.

·    The RC program is designed to support expansion of the Elizabeth Hill
mineralised footprint.

·    Drilling includes extending areas directly up-dip and plunge of the
Elizabeth Hill underground silver mine, defined in 2025 as being mineralised
to surface.

 

West Coast Silver Limited (ASX: WCE) ('West Coast Silver' or the 'Company') is
pleased to announce an up to 4,000m Reverse Circulation (RC) drilling program
has commenced at its flagship Elizabeth Hill silver project in the Pilbara
region of Western Australia. The RC drilling is designed to expand the
existing footprint of Elizabeth Hill high-grade silver mineralisation up-dip
and plunge of the historical Elizabeth Hill silver mine (Figure 1).

 

RC drilling will test for mineralisation extension along strike of the
historic Elizabeth Hill high-grade underground silver mine and newly
identified structural targets along the Munni Munni Fault (MMF). The MMF is a
significant regional control on mineralisation.

 

The RC program will specifically test for extensions of mineralisation north
and northwest of 2025 diamond and aircore drilling results, as well as along
the MMF at Elizabeth Hill North (EHN) and Elizabeth Hill South (EHS). Previous
drilling at EHN and EHS intersected moderate to high-grade near-surface silver
mineralisation justifying follow-up to confirm depth potential, continuity,
grade and distribution of intercepted zones.

 

All holes are targeting to intersect the MMF within approximately 150m of
surface, highlighting the potential for rapid and cost-effective resource
growth.

 

Initial RC drilling will be to the north of the historical Elizabeth Hill
silver mine and then focusing on areas south along the Munni Munni Fault.
Drilling is expected to take approximately four to six weeks, subject to
weather and operational conditions. Assay results are anticipated to be
received progressively through Q2 2026

 

Figure 1: Long Section showing proposed pierce points of planned RC drilling
north of Elizabeth Hill.

Note: A pierce point is the point where the planned RC drill hole intersects a
vertical plane containing the length of the mineralised zone.

Commenting on the results, Executive Chairman Bruce Garlick said:

"Our 2025 drilling confirmed that silver mineralisation at Elizabeth Hill
extends beyond the historical underground mine and is associated with a
broader structural corridor along the Munni Munni Fault. This RC program is
designed to test shallow extensions north and south of the mine and to
generate the systematic data required for West Coast Silver's inaugural
Elizabeth Hill Mineral Resource Estimate. With targets located close to
surface and near existing infrastructure, the program will advance Elizabeth
Hill towards an Economic Scoping Study".

Photo 1: NexGen Drilling 'Schramm T450GT' RC drill rig on first hole of 2026
EHN program.

 

Note: RC drilling is a form of percussion drilling that uses high pressure air
to flush rock chips up the centre of the drill rod for collection at surface
in carefully controlled intervals representative of the depth of drilling. As
drill chips travel up the centre of the RC drill rod, there is minimum sample
contamination. Samples are split, logged and bagged for transport to Perth for
laboratory assay.

 

Exploration Next Steps

West Coast Silver is running multiple exploration programs from end of March
to end of May 2026. With RC drilling having started, down-hole and surface
geophysics are scheduled to commence at the end of March 2026. Diamond
drilling to test the down-plunge extension of the Elizabeth Hill orebody
commences in early April depending on drill rig availability.

Focus through the next three months of exploration activities will be on
processing, interpreting and reporting results, as well as dynamic
repositioning of remaining planned drill holes to maximise chances of success
from results received (geological, assay, geophysical).

The Elizabeth Hill Project

 

Elizabeth Hill is historically one of Australia's highest grade silver
projects and has a proven production history. Key points are outlined below:

 

·    High grades enabled low processing tonnes. A total of 1.2 Moz of
silver was produced from just 16,830t of ore at a head grade of 2,194g/t (70.5
oz/t Ag)(( 1 )).

·    Mining operations ceased in 2000 as a result of low silver prices (US
$5)(( 2 )).

·    Simplistic historic processing techniques were used focussing only on
native silver extraction. Native silver was recovered via low-cost gravity
separation techniques.

·    Untapped mineral resource expansion potential remains. The Elizabeth
Hill deposit remains open at depth and along strike. Recent consolidation of
the WCE tenement land holding offers potential to discover more Elizabeth Hill
style deposits near mine and regionally.

·    World leading silver grades located on a mining lease with potential
processing option at the nearby Radio Hill site.

Figure 2: Elizabeth Hill Project Tenement Location.

Through the consolidation of surrounding land packages into a single
contiguous 180km(2) package, significant exploration and growth potential has
been created 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 silver deposit analogues.

This ASX announcement has been authorised for release by the Board of
Directors of West Coast Silver Limited. For further information, please
contact:

 

Bruce Garlick

Executive Director

West Coast Silver Limited

E: info@westcoastsilver.com.au

Competent Person's Statement

The information in this announcement that relates to Exploration Results is
based on information reviewed by Mr Max Nind who is a Member of the Australian
Institute of Geoscientists. Mr Nind is a consultant to West Coast Silver and a
full-time employee of ERM Australia Consultants Pty Ltd.

Mr Nind 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 Nind consents to the inclusion in the announcement of the matters based on
this information and in the form and context in which it appears.

Forward-Looking Statements

Statements in this announcement which are not statements of historical facts,
including but not limited to those relating to the proposed transaction, are
forward-looking statements. These statements instead represent management's
current expectations, estimates and projections regarding future events.
Although management believes the expectations reflected in such
forward-looking statements are reasonable, forward-looking statements are
based on the opinions, assumptions and estimates of management at the date the
statements are made and are subject to a variety of risks and uncertainties
and other factors that could cause actual events or results to differ
materially from those projected in the forward-looking statements.

Accordingly, investors are cautioned not to place undue reliance on such
statements.

Cautionary Statement

This document is confidential and may not be reproduced, redistributed or
passed on, directly or indirectly. This document is neither a prospectus nor
an offer to subscribe for fully paid ordinary shares. West Coast Silver and
its directors, employees and consultants make no representations or warranty
as to the accuracy, reliability or completeness of this document, and have no
liability, including liability to any person by reason of negligence of, or
contained in or derived from, or for any omissions from this document, except
liability under statute that cannot be excluded. This document contains
reference to certain targets and plans of West Coast Silver which may or may
not be achieved. The performance of West Coast Silver may be influenced by a
number of factors, uncertainties and contingencies, many of which are outside
the control of the Company and its directors, staff and consultants.

 

 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

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