REG - Alien Metals Limited - Shallow High-Grade Silver Mineralisation at EH
11/06/2025 09:00
For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20250611:nRSK3776Ma&default-theme=true
RNS Number : 3776M Alien Metals Limited 11 June 2025
Trading Symbols
AIM: UFO
FWB: I3A1
11 June 2025
Alien Metals Limited
("Alien" or the "Company")
Shallow High-Grade Silver Mineralisation Intersected 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) (formerly Errawarra Resources Limited) ("West Coast Silver"), has announced shallow, high-grade silver mineralisation from the first two diamond drill holes of its inaugural drilling campaign 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 Alien's joint venture partner, West Coast Silver.
Highlights:
· Hole 25WCDD001 intersected:
o 5m at 313g/t Silver (Ag) from 20m; and
o 5m at 2822g/t Ag from 26m; including
§ 2m at 6951g/t Ag from 27m
· Hole 25WWCDD002 intersected 12m at 153g/t Ag from surface; including
o 1m at 973g/t Ag from 1m
· Silver mineralisation starts at surface in both holes (Appendix B -
pXRF Results(( 1 )))
· Drill holes were strategically designed to test high-grade, shallow
silver targets.
· Half-core samples dispatched to laboratory for assay; results
expected in 6-8 weeks. High grade nature of the samples necessitates more
comprehensive laboratory analysis.
· Systematic core logging underway to improve understanding of
structural and lithological controls.
Robert Mosig, Technical Director, commented:
"These initial results from the Elizabeth Hill JV are highly encouraging. The
intersection of exceptionally high-grade silver mineralisation from surface,
particularly in the first hole, supports the historic production profile and
confirms the potential for significant near-surface mineralisation. We look
forward to the next phase of drilling and receipt of laboratory assays to
further advance this high-grade project."
Cautionary Statement
pXRF results should not be considered a proxy for quantitative laboratory analyses, which are required to determine the actual abundance and grade of the mineralisation. The mineralised core intervals referenced in this announcement have been appropriately and systematically sampled and dispatched to ALS Global Laboratories for quantitative analysis, the results of which will be reported once results are received.
High-grade silver intersected in core from the first two drill holes, 25WCDD001 and 25WCDD002, based on portable XRF (pXRF) readings(( 2 )). Both holes intersected mineralisation from surface, with particularly impressive results from hole 25WCDD001, which intersected:
· 5m at 313g/t Ag (10oz/t) from 20m; and
· 5m at 2822g/t Ag (90.7oz/t) from 26m; including
o 2m @ 6951g/t Ag (223.5oz/t) from 27m.
Hole 25WWCDD002 intersected
· 12m at 153g/t Ag (4.9oz/t) from surface; including
o 1m at 973g/t Ag (31.3oz/t) from 2m
These initial holes were strategically selected to test the potential for shallow, high-grade mineralisation.
Anomalous Lead, Zinc and Copper values have also been returned, and further analysis will be carried out during the inaugural drill program to quantify the presence of these elements and their impact on project economics. Refer to Appendix B - pXRF Results for full results of other elements.
Figure 1 - Plan view of completed drillholes
Figure 2 - Section view of significant intercepts greater than 50g/t - Refer
to Appendix B - pXRF Results for full details(( 3 (#_ftn3) ))
Geological Interpretation
Drill core from both holes has been systematically logged, with particular
attention being paid to structural and lithological features to improve the
geological understanding of the silver mineralisation.
Previous drilling at Elizabeth Hill intersected a high-grade silver vein
network with an associated poly-metallic mineralised halo which includes
copper, lead and zinc hosted in chalcopyrite, galena, arsenopyrite and
sphalerite. In addition to pervasive malachite observed in the core of the
hydrothermal vein system.
Core recovery has been in excess of 95%, and successful core orientation has
allowed detailed structural measurements of the near-surface mineralisation.
Furthermore, holes 25WCDD001 and 25WWCDD002 have traversed a sparsely drilled
section of the deposit, highlighting previously unidentified structural
trends. The information gathered from these holes provides valuable
information, which will enable key decisions to be made for the remainder of
the drill program.
Laboratory Testing
The core has been cut, and half-core samples have been sent for confirmatory
laboratory assays, which are expected to be returned within 6-8 weeks.
An analysis of pXRF v assay results will be carried out when results are
received to demonstrate any variances between pXRF results and laboratory
analysis.
The diamond drill program continues at Elizabeth Hill, with further holes
planned to test down-plunge and extensional targets.
Regional Exploration Update
Regional fieldworks, including soil sampling, have recently concluded, with
all samples being sent to the laboratory for assessment. Lab results are being
received progressively, with a consolidated model being built to define next
steps.
An updated Programme of Works (PoW) has recently been approved by DEMIRS
(Department of Energy, Mines, Industry Regulation and Safety) to facilitate
additional field exploration work, including trenching on near mine and
regional targets.
Figure 3 - Drilling continues at Elizabeth Hill
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)(( 4 ))
· Previous mining operation ceased abruptly in 2000 because of low
silver prices (US$5/oz)(( 5 )) 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 4 - Tenement Location
Competent Person's Statement
The information in this announcement that relates to Exploration 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
Hole ID Easting_m Northing_m Datum Azi Dip Depth (m)
25WCDD001 487011.00 7667939.00 GDA94z50 91 62 47.20
25WCDD002 487023.00 7667944.00 GDA94z50 165 75 90.50
Appendix B - pXRF Results
Hole ID Reading Depth (m) Average Ag Average Pb Average Zn Average Cu
g/t ppm ppm ppm
25WCDD001 1 21.3 168.7 132.7 191
25WCDD001 2 23.7 159.3 126.7 21.7
25WCDD001 3 45.7 537.7 261 66.7
25WCDD001 4 31 72.7 88 20.3
25WCDD001 5 30.7 38.3 115.3 0
25WCDD001 6 16 46.7 302.7 15.3
25WCDD001 7 41.3 472 392.3 389
25WCDD001 8 15 40.3 108.7 0
25WCDD001 9 31.3 4709 281.3 916
25WCDD001 10 28 647 615.3 468.3
25WCDD001 11 33 448.3 1052.7 179
25WCDD001 12 44.3 30.7 48 0
25WCDD001 13 43.7 99.7 246 79.3
25WCDD001 14 40 158 180.7 69.7
25WCDD001 15 20.3 20741.7 3948.3 2052.7
25WCDD001 16 24.3 1166 1230 287.7
25WCDD001 17 54.7 8194 3840.3 2549
25WCDD001 18 7 6187.3 3416.3 1622.3
25WCDD001 19 18 2254 899 343
25WCDD001 20 283.7 1653.3 883.7 276
25WCDD001 21 90.3 2885.7 1135 412.3
25WCDD001 22 11.7 1493.7 683 345.7
25WCDD001 23 1127.3 912.3 2013.7 1582.7
25WCDD001 24 54.7 2626.7 1057.7 793.7
25WCDD001 25 12 683.7 1200 443
25WCDD001 26 49 2680.3 1420 403.7
25WCDD001 27 8119.3 10924 805.3 1114.3
25WCDD001 28 5783.3 157 2441 638
25WCDD001 29 77 67.3 106.7 53.7
25WCDD001 30 82.3 31.7 110 46.3
25WCDD001 31 0 83.3 163.3 99.7
25WCDD001 32 8 117.7 222 2755
25WCDD001 33 0 2.7 151 756
25WCDD001 34 2.7 7.3 104.3 0
25WCDD001 35 0 20.7 421.3 48
25WCDD001 36 0 3.7 157 28
25WCDD001 37 0 9.3 176.3 22
25WCDD001 38 0 0 128.3 0
25WCDD001 39 3.3 15.7 44.3 0
25WCDD001 40 12 10.7 147.7 0
25WCDD001 41 3 0 105.3 15
25WCDD001 42 9.7 193.7 444.7 1772.3
25WCDD001 43 17 272.3 303 1996.3
25WCDD001 44 12.7 198.7 157.7 144.3
25WCDD001 45 0 21.7 41.3 0
25WCDD001 46 3.8 15.3 81 151.8
25WCDD001 47 0 45.3 34.7 0
25WCDD002 1 112.7 842.7 489.3 1729.3
25WCDD002 2 973.3 614 892 1689.3
25WCDD002 3 2.3 61 287 1476.3
25WCDD002 4 138 126 123.3 533
25WCDD002 5 51.3 207 306.7 1515.3
25WCDD002 6 98 791 735.7 2163.3
25WCDD002 7 14 2172.7 1290.7 1100.3
25WCDD002 8 73.3 4574 453.3 1609.7
25WCDD002 9 179.7 3323 1013.7 862.3
25WCDD002 10 21 363 867.7 1863.7
25WCDD002 11 98.7 1889.3 1329.7 659
25WCDD002 12 73.3 1980.3 847 454.3
25WCDD002 13 17.3 3507.7 4299.3 2110
25WCDD002 14 17.3 2515 2302.7 1105
25WCDD002 15 27.7 2124.3 1634.3 8122.7
25WCDD002 16 12.7 599.7 837.3 1514
25WCDD002 17 8.7 792 1038.7 648
25WCDD002 18 6.7 764.7 1325.7 610
25WCDD002 19 12.3 222.3 1063.7 952.7
25WCDD002 20 16 300 778.3 308.3
25WCDD002 21 66.3 239.7 1150.7 627.7
25WCDD002 22 10 624.7 1078 446.3
25WCDD002 23 20.3 17 403.3 636.7
25WCDD002 24 56.7 395.3 274 1060
25WCDD002 25 52.7 26.7 322 3100.7
25WCDD002 26 3 22 45 0
25WCDD002 27 3 33 26.7 23
25WCDD002 28 9 40.3 75.3 294.7
25WCDD002 29 12 17.7 98.3 340
25WCDD002 30 2.7 145 1293.3 1010.7
25WCDD002 31 2.3 159 70 797.7
25WCDD002 32 0 12 118 0
25WCDD002 33 3.3 6.7 104 223
25WCDD002 34 3 3.3 53.7 0
25WCDD002 35 0 2.3 153.3 82
25WCDD002 36 4 7 92 12
25WCDD002 37 0 155 179.7 25
25WCDD002 38 3.3 26.7 78.3 16.7
25WCDD002 39 3.7 31 140 28.3
25WCDD002 40 7.3 11.3 186.7 0
25WCDD002 41 0 5.7 171.7 0
25WCDD002 42 0 0 145 0
25WCDD002 43 0 24.3 68 37.3
25WCDD002 44 0 15.3 114 0
25WCDD002 45 0 23 39.7 25
25WCDD002 46 0 15.3 72.3 0
25WCDD002 47 0 22.3 113.7 0
25WCDD002 48 0 9.3 70 185.3
25WCDD002 49 0 0 40.7 0
25WCDD002 50 0 17 107 0
25WCDD002 51 0 13.7 210 0
25WCDD002 52 11.7 19.3 102 9.3
25WCDD002 53 3 177.3 2141 99.3
25WCDD002 54 2.3 676.3 420.7 20.3
25WCDD002 55 0 72.7 25.7 8
25WCDD002 56 0 54.7 45.7 0
25WCDD002 57 0 98 230.7 60.3
25WCDD002 58 0 122 152.3 8.3
25WCDD002 59 0 129.3 33.7 0
25WCDD002 60 2.7 156.3 227.7 6
25WCDD002 61 0 17.7 24 0
25WCDD002 62 3 475 253 0
25WCDD002 63 0 27.7 46.3 0
25WCDD002 64 0 15.3 51 0
25WCDD002 65 5.7 16.7 95 111
25WCDD002 66 0 15.3 19.3 0
25WCDD002 67 2.3 505.7 18583.7 353.7
25WCDD002 68 0 10 58.3 0
25WCDD002 69 0 30.3 105 34
25WCDD002 70 2 25 26.7 6.7
25WCDD002 71 0 134 84.3 54
25WCDD002 72 0 33.7 11 0
25WCDD002 73 2.7 27.7 30 0
25WCDD002 74 0 44.7 22 0
25WCDD002 75 0 60.7 36.7 0
25WCDD002 76 2.3 23.7 27 0
25WCDD002 77 0 23 40.7 0
25WCDD002 78 0 37 29.7 12
25WCDD002 79 3.3 38 36.7 27
25WCDD002 80 5.3 19 26.3 8.3
25WCDD002 81 0 20 44.7 12.3
25WCDD002 82 0 25 10.7 0
25WCDD002 83 0 43 34 0
25WCDD002 84 2.3 31 29 0
25WCDD002 85 2.7 35 39 0
25WCDD002 86 0 27.7 0 0
25WCDD002 87 0 127.3 98.3 109.3
25WCDD002 88 0 25.3 62.7 0
25WCDD002 89 0 31.7 38 5.7
25WCDD002 90 0 30.7 40 0
1 Refer to cautionary statement
2 Refer to cautionary statement
3 Refer to cautionary statement
4 WAMEX Annual Report,1 April 2014 to 31 March 2015, Elizabeth Hill Silver
Project, Global Strategic Metals NL, p16
5 www.kitco.com/charts/silver (//www.kitco.com/charts/silver)
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
or visit
www.rns.com (http://www.rns.com/)
.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
. END MSCGRGDLBUBDGUBRecent news on Alien Metals
See all newsREG - Alien Metals Limited - Shallow High-Grade Silver Mineralisation at EH
AnnouncementREG - Alien Metals Limited - Fieldwork Restart at Hancock and Drilling at EH
AnnouncementREG - AIM - AIM Notice - 30/05/2025
AnnouncementREG - Alien Metals Limited - Drilling Commences at Elizabeth Hill Project
AnnouncementREG - Alien Metals Limited - Mobilisation Commences for Inaugural Drilling
Announcement