Alien Metals Limited (LON:UFO), a minerals exploration and development company, notes the release of the Quarterly Activities Report for the period ended 31 March 2026 from its joint venture partner at the Elizabeth Hill Silver Project, West Coast Silver Limited (ASX:WCE), which outlines continued strong exploration progress and ongoing growth potential at Elizabeth Hill in the West Pilbara, Western Australia.
Key Highlights:
· Assay results received from the Phase 2 diamond drilling programme completed in late 2025. The results confirmed extensive high-grade silver mineralisation and included:
o 27.4m @ 1,314 g/t Ag from 49m (hole 25WCDD014) including multiple bonanza-grade intervals with peak grades up to 33,107 g/t Ag (1,064 oz/t) over 0.35m.
o 22m @ 578 g/t Ag from 6m in hole 25WCDD019 demonstrating mineralisation extending northwest of previous drilling.
o Additional high-grade intercepts including 1.95m @ 1,252 g/t Ag in hole 25WCDD022.
· A Reverse Circulation (“RC”) drilling program of up to ~4,000m commenced during the quarter.
· A late 2025 high-resolution drone magnetic survey covering approximately 14 km² was interpreted to better define structural controls on mineralization.
Alien holds a 30% interest in Elizabeth Hill and holds 30.5 million shares in West Coast Silver (representing an 8.7% interest in the issued share capital of West Coast Silver).
Subsequent to quarter end, as announced on 22 April 2026, West Coast Silver released an inaugural JORC (2012) compliant Mineral Resource Estimate (“MRE”) for Elizabeth Hill of 2.79 Moz silver at 617 g/t Ag, comprising 0.37 Moz Indicated and 2.42 Moz Inferred, reported above a 20 g/t Ag cut-off, confirming Elizabeth Hill as one of Australia’s highest-grade silver deposits and establishing a strong foundation for near-term growth and potential development.
