Elizabeth Hill Silver Mineralisation Extended

Alien Metals Limited

09 June 2026

 

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.

9 June 2026

Alien Metals Limited

("Alien" or the "Company")

Elizabeth Hill Silver Mineralisation Extended Beyond Maiden Resource and Remains Open

Alien Metals Limited (AIM: UFO), a minerals exploration and development company, notes the release of an announcement from its joint venture partner at the Elizabeth Hill Silver Project ("Elizabeth Hill"), West Coast Silver Limited ("West Coast Silver") (ASX: WCE). The announcement outlines significant assay results for the first 17 of 32 reverse circulation ("RC") drill holes completed in May 2026 at Elizabeth Hill, located near Karratha in the Pilbara region of Western Australia.

Key Highlights:

·	RC drilling has significantly increased the scale of silver mineralisation up to 70m north of the Elizabeth Hill April 2026 maiden mineral resource estimate ("MRE"), confirming the mineralised system is open at depth and along strike, with multiple holes ending in mineralisation in the Munni Munni Fault Zone ("MMFZ").
·	Best intersections received to date include:
	·    60m @ 25 g/t Ag from surface (including 19m @ 31 g/t Ag) (hole 26WCRC004)
	·    26m @ 31g/t Ag from 4m (hole 26WCRC002, finished in mineralisation)
	·    9m @ 33g/t Ag from 6m and 5m @ 31g/t Ag from 26m (hole 26WCRC003)
	·    2m @ 96g/t Ag from 91m (hole 26WCRC012)
	·    1m @ 157g/t Ag from surface (hole 26WCRC011)
·	The majority of new mineralisation lies outside the April 2026 MRE, increasing the scale of the mineralised system and providing a clear basis for MRE growth.
·	Assay results received for the first 17 of 32 RC holes drilled at Elizabeth Hill North in May 2026 (2,710m RC program). Assays for the remaining 15 holes are pending, including hole 26WCRC023 which intersected 72m of altered MMFZ, with further results expected over the coming months.
·	Lead mineralisation up to 1.66% Pb intersected in hole 26WCRC010, consistent with the spatial association between lead and silver at Elizabeth Hill and indicating potential for higher-grade silver further along the MMFZ.
·	72m of altered MMFZ in hole 26WCRC023 (assays pending), representing the widest fault zone intersection drilled to date at Elizabeth Hill North
·	Diamond drilling is underway to test below RC holes that terminated in mineralisation, with economic studies of near-surface mineralisation progressing in parallel to support evaluation of a development pathway.

Alien holds a 30% interest in Elizabeth Hill and holds 30.5 million shares in West Coast Silver (representing an approximate 8.7% interest in the issued share capital of West Coast Silver).

The full West Coast Silver announcement is available at: http://www.rns-pdf.londonstockexchange.com/rns/5497H_1-2026-6-9.pdf

For further information, please visit the Company's website at www.alienmetals.uk or contact:

Alien Metals Limited

Bruce Garlick

Email: [e-mail]

Strand Hanson (Financial and Nominated Adviser)

James Harris / James Dance / Edward Foulkes

Tel: [phone]

Turner Pope (Broker)

Andy Thacker / Guy McDougall

Tel: [phone]

IFC Advisory (Financial PR and Investor Relations)

Tim Metcalfe / Graham Herring / Zach Cohen

Tel: [phone]

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 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 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. Alien (via a wholly owned subsidiary) 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. Alien retains a 30% interest in the Elizabeth Hill Silver Project and additionally holds 30.5 million shares in West Coast Silver Limited, providing both direct project exposure and equity participation in ongoing development.

Competent Person's Statement

The information in this announcement that relates to Exploration Results is based on information reviewed by Mr Ian Stockton who is a Member of the Australian Institute of Geoscientists. Mr Stockton is a consultant to West Coast Silver and a full-time employee of ERM Australia Consultants Pty Ltd. Mr Stockton 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 Stockton consents to the inclusion in the announcement of the matters based on this information and in the form and context in which it appears.

 

END