Alien Metals Ltd (LON:UFO), a minerals exploration and development company, has announced its audited financial results for the year ended 31 December 2025.
The Company’s Annual Report for the year ended 31 December 2025 is set out below and is being sent to shareholders. It will also be available shortly on the Company’s website: www.alienmetals.uk.
Highlights
· Transformational year with execution of strategic joint ventures at the Elizabeth Hill Silver Project and Munni Munni PGM Project, significantly reducing funding requirements while retaining substantial exposure to future exploration and development upside
· Elizabeth Hill joint venture completed with West Coast Silver Limited (ASX:WCE), with Alien receiving A$500,000 cash and 44.5 million West Coast Silver shares, and retaining a 30% free-carried interest through to a decision to mine
· Post transaction drilling at Elizabeth Hill delivered exceptional high-grade silver results and supported an inaugural JORC 2012 Mineral Resource Estimate of 141,000t @ 617g/t Ag for 2.8Moz contained silver
· Hancock Iron Ore Project continues to demonstrate strong development potential, supported by an existing JORC Resource of 8.4Mt @ 60% Fe, an expanded Exploration Target of 12Mt to 27Mt grading 58% to 62% Fe and robust Development Study economics
· Alien entered 2026 with exposure to a diversified portfolio of silver, iron ore, platinum group metals, copper, nickel and gold assets, funded work programmes across partnered projects and ongoing strategic discussions regarding advancement of the iron ore portfolio
· Munni Munni joint venture with GreenTech Metals Limited (ASX: GRE) completed in February 2026, with Alien receiving A$500,000 cash and 47 million GreenTech Metals shares, and retaining a 30% free-carried interest through to completion of a bankable feasibility study
Bruce Garlick, Chairman of Alien Metals, commented:
“2025 was a transformational year for Alien Metals, with the completion of two strategic joint ventures that I believe significantly strengthened the Company’s position whilst reducing funding requirements and retaining substantial future upside. The rapid advancement of Elizabeth Hill and Munni Munni by our joint venture partners has reinforced the quality of these assets, while Hancock continues to demonstrate the potential to become a highly attractive Pilbara iron ore development opportunity. We believe Alien entered 2026 with strong momentum, a diversified commodity portfolio and multiple pathways to unlock further shareholder value.”
Alien Metals also noted the release of an announcement from its joint venture partner at the Elizabeth Hill Silver Project, West Coast Silver Limited (ASX:WCE). The announcement outlines significant assay results for the first 17 of 32 reverse circulation 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).
