Elizabeth Hill Mineral Resource Estimate Update
Summary by AI BETAClose X
11 November 2026
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018, as amended. Upon the publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain.
Alien Metals Limited
(“Alien”, “Alien Metals” or the “Company”)
Updated Mineral Resource Estimate at Elizabeth Hill
3.36 million ounces of silver at 446g/t Ag – a 20.3% increase in contained silver
Alien Metals Limited (AIM: UFO), a minerals exploration and development company, is pleased to note that its joint venture partner, West Coast Silver Limited (ASX: WCE) ("West Coast Silver"), has today released an updated JORC (2012) Mineral Resource Estimate ("MRE") for the Elizabeth Hill Silver Project ("Elizabeth Hill") in the West Pilbara, Western Australia. Alien holds a 30% free-carried interest in Elizabeth Hill and approximately 7.0% of West Coast Silver.
Highlights:
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Updated MRE: 234,700 tonnes at 446g/t Ag for approximately 3.36 million ounces of contained silver (100% project basis), reported at a 20g/t Ag cut-off |
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Resource growth: a 20.3% increase in contained silver on the inaugural April 2026 MRE of 141,000 tonnes at 617g/t Ag for approximately 2.8 million ounces |
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Higher confidence: 77% of contained silver now in the Indicated category, up from c.13% in April 2026 |
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Next steps: Results from the current diamond drilling programme will inform a further MRE update targeted for March 2027, ahead of the maiden Elizabeth Hill Scoping Study. |
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Alien exposure: Alien retains a 30% project interest, free-carried until a decision to mine, and holds 30.5 million West Coast Silver shares (approximately 7.0% of its issued share capital) |
Vince Fayad, Executive Director of Alien Metals, commented:
"West Coast Silver's updated Mineral Resource is a significant step forward for Elizabeth Hill, lifting contained silver to approximately 3.36 million ounces at an exceptional grade and materially increasing the proportion in the higher-confidence Indicated category. It reinforces Elizabeth Hill's position as one of Australia's highest-grade silver projects, at a time of strong silver prices. We look forward to the follow-up drilling and Scoping Study outcomes as West Coast Silver advances Elizabeth Hill towards a development decision."
Elizabeth Hill Mineral Resource Estimate
The updated MRE, prepared in accordance with the JORC Code (2012), is summarised in Table 1 below:
Table 1. Elizabeth Hill Mineral Resource Estimate at a 20 g/t Ag cut-off (100% project basis)
|
JORC classification |
Tonnes (kt) |
Ag grade (g/t) |
Contained Ag (koz) |
|
Indicated |
195.9 |
411 |
2,587 |
|
Inferred |
38.8 |
622 |
776 |
|
Total |
234.7 |
446 |
3,363 |
Notes: (1) Mineral Resources are classified according to JORC 2012. (2) Open-pit constrained above 20 g/t Ag and depleted for historical stopes and development. (3) No Measured Mineral Resource or Ore Reserve is reported. (4) Competent Person: Dmitry Pertel, MAIG. (5) Small discrepancies can occur through rounding. (6) Figures are reported on a 100% basis; WCE holds a 70% interest in M47/342 (see Ownership and attributable metal).
The full West Coast Silver announcement is available at:
http://www.rns-pdf.londonstockexchange.com/rns/6278C_1-2026-11-10.pdf
For further information, please visit the Company’s website at www.alienmetals.uk or contact:
Alien Metals Limited
Vince Fayad
Email: ir@alienmetals.uk
Strand Hanson (Financial and Nominated Adviser)
James Harris / James Dance / Edward Foulkes
Tel: +44 (0) 207 409 3494
Turner Pope (Broker)
Andy Thacker / Guy McDougall
Tel: +44 (0) 203 657 0050
IFC Advisory (Financial PR and Investor Relations)
Tim Metcalfe / Graham Herring / Zach Cohen
Tel: +44 (0) 203 934 6632
Notes to Editors
Alien Metals Ltd is a mining exploration and development company quoted on the AIM market of the London Stock Exchange (AIM: UFO). The Company follows a balanced strategy focused on advancing and strengthening its asset portfolio through targeted technical work and project development, while evaluating partnerships, joint ventures, and selective monetisation opportunities to enhance shareholder value. At the same time, Alien will continue to consider opportunities to expand its asset base through carefully selected acquisition opportunities consistent with the Board’s disciplined investment criteria.
Alien’s 100%-owned Georgina Basin IOCG Project comprises a tenement package of approximately 2,500 km² in the East Tennant province of the Northern Territory. Exploration by the Project’s former owners has confirmed the IOCG potential of the tenement package, with the identification of elevated IOCG pathfinder elements, including copper, bismuth, silver and uranium, in drilling, and three drill-ready gravity anomalies remain to be adequately tested.
Alien’s principal iron ore 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 retains a 30% interest, free carried to completion of a bankable feasibility study at Munni Munni, and additionally holds 37.9 million shares in GreenTech Metals Ltd (approximately 10.1% of its issued share capital). Alien (via a wholly owned subsidiary) also retains a 30% interest in the Elizabeth Hill Silver Project through a joint venture with West Coast Silver, which encompasses the Elizabeth Hill Mining Lease M47/342, which has produced some of Australia’s highest-grade silver ore during the late 1990s. Alien additionally holds 30.5 million shares in West Coast Silver Limited (approximately 7.0% of its issued share capital), providing both direct project exposure and equity participation in ongoing development.
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