Alien Metals Limited (LON:UFO), a minerals exploration and development company, has noted that its joint venture partner, West Coast Silver Limited (ASX: WCE), has today released its Quarterly Activities Report for the period ended 30 June 2026. During the quarter, West Coast Silver continued to advance the Elizabeth Hill Silver Project in Western Australia, delivering a number of significant operational and technical milestones as it progresses the project towards resource growth and development.
Highlights:
| · | Subsequent to quarter end, West Coast Silver reported high-grade diamond drill results and final reverse circulation (RC) percussion assays from the 2026 program, including 3 m at 524 g/t Ag from 183 m in 26WCDD029, with 1.5 m at 1,039 g/t Ag from 184.5 m, confirming a new high-grade silver zone beneath and south of the historical workings. Final RC assays also extended broad near-surface silver mineralisation outside the April 2026 MRE, including 44 m at 26 g/t Ag from surface in 26WCRC020 and 41 m at 23 g/t Ag from 1 m in 26WCRC019. |
| · | The new diamond intersection ties together historical high-grade silver intercepts to define an approximately 50 m long, north-south, sub-horizontal mineralised trend beneath and to the south of the historical mine workings, opening an important priority follow-up target at depth. |
| · | Inaugural Mineral Resource Estimate reported in accordance with the JORC Code (2012) (“MRE”) and announced on 22 April 2026 comprising 141,000 tonnes at 617 g/t Ag for 2.795 Moz of contained silver above a 20 g/t Ag cut-off. |
| · | A 32-hole, 2,710 m RC drilling program was completed at Elizabeth Hill North in May 2026. Subsequent final assays confirmed broad near-surface silver mineralisation extending north and west of the April 2026 MRE, with multiple holes ending in mineralisation and increasing the scale of the Elizabeth Hill system. |
| · | Key RC intersections included: 60 m at 25 g/t Ag from surface in 26WCRC004, 28 m at 29 g/t Ag from 2 m in 26WCRC002, 9 m at 33 g/t Ag from 6 m in 26WCRC003, 2 m at 96 g/t Ag from 91 m in 26WCRC012 and 1 m at 157 g/t Ag from surface in 26WCRC011. Final RC assays included 44 m at 26 g/t Ag from surface in 26WCRC020, 41 m at 23 g/t Ag from 1 m in 26WCRC019 and 12 m at 15 g/t Ag from 31 m in 26WCRC025, with 26WCRC019 and 26WCRC025 ending in mineralisation. |
| · | Diamond drilling commenced during the Quarter and was nearing completion at quarter end, targeting down-dip and down-plunge extensions beneath the historical mine, infill within the reported MRE block model and follow-up of RC holes that ended in mineralisation. |
| · | 26WCDD029 also intersected massive sulphides returning 0.45 m at 2.73% Ni, 0.93% Cu and 0.7 g/t Pd from 154.87 m, opening the possibility of an additional nickel-copper-palladium mineralisation style at Elizabeth Hill. |
| · | West Coast Silver announced a Growth & Development Plan focused on resource growth, conversion of JORC (2012) Inferred Resources to Indicated Resources, metallurgical testwork, mine-study inputs and staged economic evaluation. |
| · | West Coast Silver finished planning and organisation of an extensive district-scale IP and CSAMT geophysical survey program over an approximately 4 km length of the Munni Munni Fault Zone, supported by a $114,312 WA Government Exploration Incentive Scheme co-funded geophysics grant covering 50% of the ground geophysical program. |
| · | Planning and budgeting for potential H2 drill testing of the Elizabeth Hill South target was completed. Proposed exploration aims to follow-up 2025 aircore drilling which intersected 2m at 39g/t Ag from 12m (25WCAC071); results from historical hole AMEHRC012 which recorded 2 m at 1,550 g/t Ag from 108m; and a re-evaluation of historical and third-party drilling in the area. |
| · | A specialist review by David Lewis B.Sc. (Geological Sciences), M.Sc. (Geology), P.Geo. (PGO) (Structural Geologist) identified geological similarities between Elizabeth Hill and global 5-element silver system styles of mineralisation, which supports broader district-scale exploration across West Coast Silver’s approximately 180 km² project area. |
| · | Cash balance of approximately A$3.0 million at 30 June 2026. |
Alien Metals 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).
