REG - Alien Metals Limited - Significant Silver Assays at Elizabeth Hill

Alien MetalsAnnouncement

22/07/2025 10:45

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RNS Number : 0713S  Alien Metals Limited  22 July 2025

 

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF
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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

22 July 2025

 

 

Alien Metals Limited

("Alien" or the "Company")

 

Significant Silver Assays from Fieldwork at Elizabeth Hill 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), has announced significant assay results from recent float and rock chip sampling 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:

·    Silver assays of up to 490 g/t Ag returned from float and rock chip
sampling.

·    Multiple samples returned elevated copper (up to 0.42% Cu) and gold
(up to 0.19 g/t Au).

·    Silver-rich float samples have been identified up to ~500m north and
 ~200m south of the historic Elizabeth Hill high-grade silver mine,
indicating potential for new mineralised zones.

·    Follow-up trenching and sampling works have commenced on site.

·    A comprehensive near-mine and regional exploration targeting study is
nearing completion.

 

Robert Mosig, Technical Director, commented:

"These latest assay results continue to validate the outstanding exploration
potential at Elizabeth Hill. The scale and tenor of the silver mineralisation
identified in areas away from the historic mine suggest the possibility of
multiple new mineralised systems within the broader project area. With
trenching now underway and a follow-up drill programme in planning, we are
excited to see this momentum continue as our joint venture partner advances
the project."

The sampling program involved the collection of 115 rock chip samples, with
assay results confirming anomalous silver, copper, and gold mineralisation in
areas both north and south of the historic Elizabeth Hill high-grade silver
mine. Notable assay results from the complete results, which are detailed in
Appendix A of the announcement include:

·    25EW06-062: 490 g/t Ag, 0.03 g/t Au, 0.17% Cu

·    25EW06-057: 316 g/t Ag, 0.19 g/t Au, 0.11% Cu

·    25EW06-063: 276 g/t Ag, 0.13 g/t Au, 0.14% Cu

·    25EW06-025: 179 g/t Ag, 0.42% Cu

·    25EW06-064: 178 g/t Ag, 0.06% Cu

Figure 1 - Location of float sample assay results north and south of the
historic Elizabeth high grade silver mine

 
These significant assay results-up to 490 g/t Ag, 0.19 g/t Au, and 0.42% Cu-occur in two key areas relative to the historic high-grade silver mine. A cluster of samples grading >100 g/t Ag are located over an area 200-500m north of the mine, while an isolated sample (170 g/t Ag) lies ~200 m to the south. The results suggest potential for additional new mineralised source areas and are possibly related to the north-south trending Munni Munni fault system.
Upcoming Works
Following on from the completion of its inaugural drilling campaign and building on its significant results, including 21 metres at 1,047g/t Ag from 10 metres in 25WCDD001, West Coast Silver has now commenced a systematic approach to further exploring Elizabeth Hill and the surrounding areas.
This includes:
·    Trenching, mapping, and additional rock chip sampling, which has already commenced at site;
·    Completion of near mine and regional targeting works, including prioritisation of targets (estimated completion 3-4 weeks); and
·    Development of follow-on drill campaigns to the inaugural campaign, including consideration for air core, reverse circulation and additional diamond drilling.

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 2 - Tenement Location

 

Lithium Joint Venture Update

 

West Coast Silver has advised that it has terminated its lithium joint venture
with Alien Metals at Pinderi Hills to focus on its core silver exploration
strategy. Alien retains 100% ownership of the lithium-prospective ground.

 

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 - Rock Chip/Float assay results

 Sample_No   Easting  Northing  Sample Type  Ag     Pb     Cu     Zn    Au

                                             ppm    ppm    ppm    ppm   ppm
 25EW03-001  487575   7669754   Float        0.11   153    54.8   182   0.005
 25EW03-002  487569   7669767   Outcrop      0.05   31     29.8   49    0.005
 25EW03-003  487558   7666615   Float        0.04   0.9    49.1   63    0.01
 25EW03-004  487560   7666660   Subcrop      3.37   7.7    32500  230   0.01
 25EW03-005  482763   7662997   Subcrop      0.08   1.7    330    43    0.005
 25EW03-006  482729   7663103   Outcrop      0.18   3.9    316    46    0.005
 25EW03-009  482802   7661802   Outcrop      0.22   2.2    136    52    0.01
 25EW03-010  481300   7662500   Float        0.04   1      7.3    1     0.005
 25EW03-011  482296   7663790   Outcrop      0.06   2.2    117.5  47    0.01
 25EW03-012  482212   7663598   Outcrop      0.21   4.4    381    35    0.02
 25EW03-013  482467   7664114   Float        0.28   3.7    448    47    0.005
 25EW03-014  482148   7663888   Float        2.61   0.25   290    5     0.005
 25EW03-015  482222   7663200   Float        0.02   0.5    15.5   8     0.005
 25EW03-016  482105   7663416   Float        0.03   0.25   18.4   7     0.005
 25EW03-017  482220   7662899   Outcrop      0.09   6.5    162.5  40    0.01
 25EW03-018  482972   7662401   Outcrop      0.09   26.3   192    53    0.01
 25EW03-019  483903   7662098   Outcrop      0.15   2.6    325    104   0.005
 25EW03-020  483900   7662181   Outcrop      0.11   5.7    197.5  35    0.02
 25EW03-021  485297   7662397   Outcrop      0.12   5.4    141    37    0.03
 25EW03-022  484317   7662211   Outcrop      0.01   1      27.9   24    0.02
 25EW03-023  484286   7662896   Outcrop      0.01   0.5    5.8    8     0.005
 25EW03-024  483401   7662702   Float        0.1    13.4   10.8   4     0.005
 25EW03-025  483487   7662369   Outcrop      0.02   1.1    62     31    0.02
 25EW03-026  484097   7663109   Outcrop      0.07   1.8    82.1   94    0.005
 25EW03-027  483283   7661867   Outcrop      0.48   4.5    410    216   0.005
 25EW03-028  483286   7661845   Outcrop      0.2    1.9    451    118   0.005
 25EW03-029  483286   7661981   Outcrop      0.02   8      19.6   9     0.005
 25EW03-030  483330   7661909   Outcrop      0.08   13.1   28.7   35    0.01
 25EW03-031  485800   7663556   Outcrop      0.12   7.9    236    66    0.01
 25EW03-032  485723   7663873   Outcrop      0.05   2.9    86.4   39    0.02
 25EW03-033  486038   7663878   Outcrop      0.15   3.6    210    67    0.005
 25EW03-034  487558   7664918   Outcrop      0.12   94.3   7.8    125   0.005
 25EW03-035  486086   7664230   Outcrop      0.27   4.5    539    30    0.005
 25EW03-036  485760   7664359   Outcrop      0.05   3.4    112    73    0.01
 25EW03-037  485767   7664697   Outcrop      0.11   9      172.5  34    0.01
 25EW03-038  485562   7664762   Outcrop      0.04   11.8   16.9   93    0.01
 25EW03-039  486123   7664126   Outcrop      0.69   2.9    1160   80    0.005
 25EW03-040  486133   7664281   Float        4.67   8.1    11700  79    0.04
 25EW03-041  487897   7666674   Outcrop      0.02   0.6    14.6   5     0.02
 25EW03-042  486529   7667805   Outcrop      0.02   8.4    5.2    2     0.02
 25EW03-043  486596   7667719   Float        0.11   19.5   36.1   14    0.01
 25EW03-044  487697   7669402   Float        2.94   10     1425   1715  0.01
 25EW03-045  487715   7671069   Outcrop      0.03   1.1    45.8   2     0.13
 25EW03-046  487717   7671059   Outcrop      0.01   0.5    3.5    5     0.01
 25EW03-047  487880   7670438   Outcrop      0.02   0.9    229    61    0.005
 25EW03-048  487862   7670682   Outcrop      0.01   1.1    3.2    1     0.04
 25EW03-049  487547   7667660   Outcrop      0.03   3.5    4.2    1     0.01
 25EW06-001  484525   7663210   Outcrop      0.1    3.6    247    99    0.01
 25EW06-002  480776   7664457   Outcrop      0.13   2.4    232    63    0.005
 25EW06-003  480776   7664458   Outcrop      0.14   2.3    253    64    0.005
 25EW06-004  480650   7664483   Outcrop      0.11   2.6    193    73    0.005
 25EW06-005  480222   7664591   Outcrop      0.04   2.7    56.9   72    0.005
 25EW06-006  480227   7664588   Outcrop      0.04   0.9    70.3   64    0.005
 25EW06-007  480168   7664393   Float        0.14   5.6    935    92    0.005
 25EW06-008  480161   7664405   Float        0.02   1.9    16     3     0.02
 25EW06-009  480162   7664395   Subcrop      0.11   5      650    75    0.01
 25EW06-010  480040   7664258   Float        2.33   5      5860   76    0.005
 25EW06-011  480241   7663818   Outcrop      0.08   13     107    67    0.01
 25EW06-012  480202   7663759   Outcrop      0.05   0.6    155    73    0.01
 25EW06-013  480185   7663831   Outcrop      0.05   0.8    147    74    0.01
 25EW06-014  488201   7667842   Outcrop      0.15   105    102    12    0.005
 25EW06-015  488203   7667846   Outcrop      0.02   8.8    9.2    5     0.19
 25EW06-016  488194   7667892   Outcrop      0.01   0.25   6.6    3     0.03
 25EW06-017  489123   7667641   Float        0.02   0.6    81.9   3     0.03
 25EW06-018  489081   7667549   Outcrop      0.19   40.5   13     65    0.005
 25EW06-019  489091   7667500   Outcrop      0.01   0.6    3.8    13    0.01
 25EW06-020  487263   7668276   Outcrop      0.18   16.5   8.5    48    0.005
 25EW06-021  487886   7668774   Outcrop      0.74   115.5  305    1     0.01
 25EW06-022  486539   7669191   Float        0.04   49.3   7.7    14    0.01
 25EW06-023  487141   7667929   Outcrop      0.33   23.2   25.2   28    0.01
 25EW06-024  487100   7667886   Float        0.84   18.5   986    74    0.01
 25EW06-025  486946   7667666   Float        179    418    4230   284   0.005
 25EW06-026  487001   7667706   Float        0.65   37.4   7220   31    0.01
 25EW06-027  487645   7666719   Outcrop      0.32   13.5   354    68    0.01
 25EW06-028  487690   7666478   Outcrop      1.48   18.6   2840   77    0.01
 25EW06-029  486709   7667414   Subcrop      0.94   13.6   2740   25    0.01
 25EW06-030  487067   7667695   Float        11.85  147    555    346   0.005
 25EW06-031  487067   7667695   Float        26.4   191.5  74.4   106   0.005
 25EW06-032  487031   7667677   Float        0.04   1.2    55.7   63    0.24
 25EW06-033  486950   7667625   Float        1.08   17.6   11.1   7     0.01
 25EW06-034  486698   7667508   Float        6.16   14.9   18050  42    0.01
 25EW06-035  486695   7667498   Float        0.12   33.9   22.8   7     0.005
 25EW06-036  486677   7667493   Float        2.6    11.4   9970   123   0.005
 25EW06-037  486655   7667491   Subcrop      0.49   11     3980   206   0.01
 25EW06-038  486599   7667485   Outcrop      8.42   84.6   1640   11    0.005
 25EW06-039  486537   7667401   Float        0.39   5.6    2650   22    0.3
 25EW06-040  486127   7667865   Float        0.49   22.7   862    89    0.01
 25EW06-041  486293   7667800   Outcrop      0.29   3.9    697    79    1.53
 25EW06-042  486403   7667563   Float        0.92   13     20500  96    0.01
 25EW06-043  486501   7667563   Float        2.26   36.4   12650  57    0.005
 25EW06-044  487060   7667670   Float        0.03   1.4    86.9   64    0.005
 25EW06-045  486962   7667776   Float        24.5   57.4   23.4   18    0.05
 25EW06-046  486967   7667735   Float        0.26   309    385    19    0.005
 25EW06-047  486948   7667799   Float        33     960    792    89    0.01
 25EW06-048  486942   7667737   Float        4.28   144.5  42.2   33    0.01
 25EW06-049  486964   7667737   Float        0.27   42.1   2430   363   0.005
 25EW06-050  486687   7667457   Outcrop      0.22   232    1020   708   0.01
 25EW06-051  486942   7667735   Outcrop      0.98   139    27.4   20    0.01
 25EW06-052  486943   7667738   Outcrop      7.38   325    54.1   90    0.01
 25EW06-053  486953   7667794   Float        0.61   22.7   1750   129   0.005
 25EW06-054  487047   7668141   Float        11.05  184.5  573    117   0.005
 25EW06-055  487003   7668178   Float        73.9   3280   1700   480   0.005
 25EW06-056  487009   7668093   Float        131    1610   3880   565   0.03
 25EW06-057  486981   7668042   Float        316    1245   1080   227   0.01
 25EW06-058  487070   7668157   Float        7.82   162.5  213    170   0.01
 25EW06-059  486662   7667520   Float        2.8    23     185    5     0.08
 25EW06-060  486661   7667511   Subcrop      14     6.1    38000  175   0.01
 25EW06-061  487093   7668064   Subcrop      112    650    2550   99    0.01
 25EW06-062  487071   7668057   Float        490    1680   1735   367   0.005
 25EW06-063  486985   7668386   Float        276    574    1435   348   0.005
 25EW06-064  487117   7668272   Float        178    219    951    122   0.005
 25EW06-065  487151   7668141   Float        7.84   226    16.2   36    0.01
 25EW06-066  487167   7668318   Float        0.18   151.5  39     56    0.005
 25EW06-067  487153   7668280   Float        33.5   1365   2110   639   0.01
 25EW06-068  487195   7668266   Float        74.4   264    796    112   0.005

 

 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

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