Alien Metals Limited (LON:UFO), a minerals exploration and development company, has announced that its joint venture partner in the Elizabeth Hill Silver Project, West Coast Silver Limited (ASX: WCE), has today announced the recent grant of Prospecting Licence P47/2033, covering the Elizabeth Hill West Prospect, immediately adjacent to Mining Lease M47/342, host to the Elizabeth Hill Silver Mine.
Highlights:
| · | Newly granted Prospecting Licence P47/2033, covering the Elizabeth Hill West (EHW) Prospect, provides WCE with exploration ground immediately adjacent to Elizabeth Hill Mine Lease M47/342. |
| · | Historical trenching returned 5 m @ 5.2 g/t Ag, 19,000 ppm Cu and 220 ppb Pd, and shallow reverse circulation (RC) drilling returned 1 m @ 11 g/t Ag from 65m. |
| · | The addition of EHW strengthens WCE’s expanding exploration pipeline around the Elizabeth Hill Silver Project by adding a new priority near-mine exploration prospect1. |
| · | EHW adds new silver (Ag), copper (Cu), nickel (Ni) and palladium (Pd) hosting targets to the West Coast Silver exploration pipeline within 1 km of the historical Elizabeth Hill silver mine and the mineralised Munni Munni Fault Zone (MMFZ). |
| · | Sparsely tested structures and geological settings across EHW, coincident with coherent silver anomalism in soil geochemistry, have characteristics similar to those recognised at Elizabeth Hill. |
| · | Historical drilling provides an opportunity for WCE to reassess previously drilled areas through a more systematic silver-focused exploration program. |
| · | WCE intends to systematically advance EHW through data consolidation, reinterpretation, field validation, targeted geophysics and target definition ahead of potential first-pass drilling. |
1Refer WCE ASX Announcement “Bonanza Silver Grades & Growth of Elizabeth Hill Project (correction)” dated 27 August 2026
Alien holds a 30% interest in Elizabeth Hill and holds 30.5 million shares in West Coast Silver, representing an approximate 7.0% interest in the issued share capital of West Coast Silver.
