Alien Metals Limited (LON:UFO), a minerals exploration and development company, announces that its joint venture partner in the Elizabeth Hill Silver Project, West Coast Silver Limited (ASX: WCE), has today announced the receipt of further assay results for the Elizabeth Hill North and Elizabeth Hill Deeps diamond drill programmes.
Highlights:
| · | Diamond drilling intersects 67.1m @ 19 g/t Ag from surface (26WCDD036) in a broad near-surface silver zone extending west of the current Elizabeth Hill Mineral Resource Estimate (MRE) block model1, including internal higher-grade zones of: |
| – 12.3m @ 22 g/t Ag from 24.7m down hole; and | |
| – 10.9m @ 24 g/t Ag from 43.9m down hole. | |
| · | Further significant intersections ≥10 g/t Ag include: |
| – 48.5m @ 19 g/t Ag from 1.5m down hole (26WCDD035), including – 25.5m @ 23 g/t Ag from 16m; | |
| – 24m @ 14 g/t Ag from 35.5m down hole (26WCDD033), including – 2.7m @ 22 g/t Ag from 35.5m. | |
| · | Diamond holes 26WCDD031-036 have infilled and extended the mineralised zone at EHN2, confirming broad zones of low to moderate grade silver within, below, north and west of the current MRE block model. |
| · | This near-surface zone is interpreted to sit around the known high-grade silver system, remains open, and has potential to add volume and contained metal to the current MRE. |
| · | At EH Deeps, minor silver mineralisation in 26WCDD030 constrained the northern extent of the newly identified high-grade zone3, which remains open to the east and south. |
| · | Final diamond core assays (26WCDD037-39) expected by the end of August 2026. |
| · | Results will feed an updated JORC 2012 MRE in Q4 2026 and the Elizabeth Hill Scoping Study, also commencing Q4 2026. |
| · | Further step-out and infill diamond drilling planned for H2 2026 to follow up H1 successes, advance conversion of Inferred to Indicated resources, and continue defining the new high-grade zone below historical mining. |
1 Refer ASX Announcement “Elizabeth Hill – 2.8Moz Silver Mineral Resource Estimate” dated 22 April 2026
2 Refer ASX Announcement “Silver Mineralisation Extended 70m Beyond Maiden Resource and Remains Open” dated 9 June and “Elizabeth Hill high grade silver discovery and near surface mineralisation extension” dated 9 July 2026
3 Refer ASX Announcement “Elizabeth Hill high grade silver discovery and near surface mineralisation extension” dated 9 July 2026
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).
