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Significant Silver Assays at Elizabeth Hill

22nd Jul 2025 10:38

RNS Number : 0713S
Alien Metals Limited
22 July 2025
 

 

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF THE MARKET ABUSE REGULATION (596/2014/EU) AS THE SAME HAS BEEN RETAINED IN UK LAW AS AMENDED BY THE MARKET ABUSE (AMENDMENT) (EU EXIT) REGULATIONS (SI 2019/310). UPON THE PUBLICATION OF THIS ANNOUNCEMENT, THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION.

Trading Symbols

AIM: UFO FWB: I3A1

22 July 2025

 

 

Alien Metals Limited

("Alien" or the "Company")

 

Significant Silver Assays from Fieldwork at Elizabeth Hill Project

Alien Metals Limited (AIM: UFO), a minerals exploration and development company, is pleased to report that its joint venture partner, West Coast Silver Limited (ASX: WCE) (formerly Errawarra Resources Limited), has announced significant assay results from recent float and rock chip sampling at the Elizabeth Hill Silver Project ("Elizabeth Hill" or the "Project") in the Pilbara region of Western Australia. The Project, in which Alien retains a 30% free-carried interest through to a decision to mine, is operated by WCE.

Highlights:

· Silver assays of up to 490 g/t Ag returned from float and rock chip sampling.

· Multiple samples returned elevated copper (up to 0.42% Cu) and gold (up to 0.19 g/t Au).

· Silver-rich float samples have been identified up to ~500m north and ~200m south of the historic Elizabeth Hill high-grade silver mine, indicating potential for new mineralised zones.

· Follow-up trenching and sampling works have commenced on site.

· A comprehensive near-mine and regional exploration targeting study is nearing completion.

 

Robert Mosig, Technical Director, commented:

"These latest assay results continue to validate the outstanding exploration potential at Elizabeth Hill. The scale and tenor of the silver mineralisation identified in areas away from the historic mine suggest the possibility of multiple new mineralised systems within the broader project area. With trenching now underway and a follow-up drill programme in planning, we are excited to see this momentum continue as our joint venture partner advances the project."

The sampling program involved the collection of 115 rock chip samples, with assay results confirming anomalous silver, copper, and gold mineralisation in areas both north and south of the historic Elizabeth Hill high-grade silver mine. Notable assay results from the complete results, which are detailed in Appendix A of the announcement include:

· 25EW06-062: 490 g/t Ag, 0.03 g/t Au, 0.17% Cu

· 25EW06-057: 316 g/t Ag, 0.19 g/t Au, 0.11% Cu

· 25EW06-063: 276 g/t Ag, 0.13 g/t Au, 0.14% Cu

· 25EW06-025: 179 g/t Ag, 0.42% Cu

· 25EW06-064: 178 g/t Ag, 0.06% Cu

Figure 1 - Location of float sample assay results north and south of the historic Elizabeth high grade silver mine

 

These significant assay results-up to 490 g/t Ag, 0.19 g/t Au, and 0.42% Cu-occur in two key areas relative to the historic high-grade silver mine. A cluster of samples grading >100 g/t Ag are located over an area 200-500m north of the mine, while an isolated sample (170 g/t Ag) lies ~200 m to the south. The results suggest potential for additional new mineralised source areas and are possibly related to the north-south trending Munni Munni fault system.

Upcoming Works

Following on from the completion of its inaugural drilling campaign and building on its significant results, including 21 metres at 1,047g/t Ag from 10 metres in 25WCDD001, West Coast Silver has now commenced a systematic approach to further exploring Elizabeth Hill and the surrounding areas.

This includes:

· Trenching, mapping, and additional rock chip sampling, which has already commenced at site;

· Completion of near mine and regional targeting works, including prioritisation of targets (estimated completion 3-4 weeks); and

· Development of follow-on drill campaigns to the inaugural campaign, including consideration for air core, reverse circulation and additional diamond drilling.

Elizabeth Hill Silver Project Overview

Elizabeth Hill, one of Australia's highest-grade silver projects, has a proven production history outlined below:

· High grades enable low processing tonnes: 1.2Moz of silver was produced from just 16,830t of ore at a head grade of 2,194g/t (70.5 oz/t Ag)[1]

· Previous mining operation ceased abruptly in 2000 because of low silver prices (US$5/oz)[2] and a dispute between previous joint venture parties

· Simplistic historical processing technique: native silver was recovered via low-cost gravity separation due to high grades and large silver nugget sizing

· Significant untapped potential remains in and around the historic mine site, with limited, outdated drilling and geophysics deployed

· Tier-1 mining jurisdiction - located on a mining lease with processing facilities adjacent at the nearby Radio Hill

 

Figure 2 - Tenement Location

 

Lithium Joint Venture Update

 

West Coast Silver has advised that it has terminated its lithium joint venture with Alien Metals at Pinderi Hills to focus on its core silver exploration strategy. Alien retains 100% ownership of the lithium-prospective ground.

 

Competent Person's Statement

The information in this announcement that relates to Drilling Results is based on information compiled by Mr Robert Mosig a Competent Person who is a Fellow of the Australasian Institute of Mining and Metallurgy. Mr Mosig is a Director of West Coast Silver Limited and a Director of Alien Metals Limited.

 

Mr Mosig has sufficient experience that is relevant to the style of mineralisation and type of deposits under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the 'Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves', and a Specialist under the 2015 Edition of the 'Australasian Code for Public Reporting of technical assessments and valuations of mineral assets'.

 

Mr Mosig consents to the inclusion in the report of the matters based on his information and in the form and context in which it appears.

 

For further information, please visit the Company's website at www.alienmetals.uk or contact:

Strand Hanson (Financial and Nominated Adviser)

James Harris / James Dance / Robert Collins Tel: +44 (0) 207 409 3494

 

Zeus Capital Limited (Joint Broker)

Harry Ansell / Katy Mitchell Tel +44 (0) 203 829 5000

 

Turner Pope (Joint Broker)

Andy Thacker / James Pope

Tel: +44 (0) 203 657 0050

 

CMC Markets (Joint Broker)

Douglas Crippen

Tel: +44 (0) 203 003 8632

 

Yellow Jersey (Financial PR)

Charles Goodwin / Shivantha Thambirajah / Zara McKinlay Tel: +44 (0) 203 004 9512

 

Notes to Editors

Alien Metals Ltd is a mining exploration and development company listed on the AIM market of the London Stock Exchange (AIM: UFO). The Company's focus is on delivering a profitable direct shipping iron ore operation from it 90% Hancock iron ore project in the central Pilbara region of Western Australia. The Hancock tenements currently contain a JORC-compliant resource of 8.4Mt iron ore @ 60% Fe and offers significant exploration upside which is targeted to deliver a mining operation of 2Mtpa for 10 years.

These Hancock Project tenements have direct access to the Great Northern Highway, which provides an essential export route to export facilities at Port Hedland, from where more than 500Mt of iron ore is exported annually (30% of global production). The Company also has an interest in two iron ore exploration projects Brockman and Vivash, located in the West Pilbara.

The Company owns one of Australia's largest PGM deposits, Munni Munni which hosts a deposit containing a historic resource of 2.2Moz PGM (Palladium, Platinum, and Rhodium) and Gold. The Company has recently entered into a joint venture with West Coast Silver Limited (formerly Errawarra Resources Limited) for the development of the Elizabeth Hill Silver Project, located near Karratha in the Pilbara, which consists of the Elizabeth Hill Mining Lease and explora5on tenements surrounding the historical silver mine which has produced some of Australia's highest-grade silver ore during the late 1990s.

 

Appendix A - Rock Chip/Float assay results

Sample_No

Easting

Northing

Sample Type

Ag

ppm

Pb

ppm

Cu

ppm

Zn

ppm

Au

ppm

25EW03-001

487575

7669754

Float

0.11

153

54.8

182

0.005

25EW03-002

487569

7669767

Outcrop

0.05

31

29.8

49

0.005

25EW03-003

487558

7666615

Float

0.04

0.9

49.1

63

0.01

25EW03-004

487560

7666660

Subcrop

3.37

7.7

32500

230

0.01

25EW03-005

482763

7662997

Subcrop

0.08

1.7

330

43

0.005

25EW03-006

482729

7663103

Outcrop

0.18

3.9

316

46

0.005

25EW03-009

482802

7661802

Outcrop

0.22

2.2

136

52

0.01

25EW03-010

481300

7662500

Float

0.04

1

7.3

1

0.005

25EW03-011

482296

7663790

Outcrop

0.06

2.2

117.5

47

0.01

25EW03-012

482212

7663598

Outcrop

0.21

4.4

381

35

0.02

25EW03-013

482467

7664114

Float

0.28

3.7

448

47

0.005

25EW03-014

482148

7663888

Float

2.61

0.25

290

5

0.005

25EW03-015

482222

7663200

Float

0.02

0.5

15.5

8

0.005

25EW03-016

482105

7663416

Float

0.03

0.25

18.4

7

0.005

25EW03-017

482220

7662899

Outcrop

0.09

6.5

162.5

40

0.01

25EW03-018

482972

7662401

Outcrop

0.09

26.3

192

53

0.01

25EW03-019

483903

7662098

Outcrop

0.15

2.6

325

104

0.005

25EW03-020

483900

7662181

Outcrop

0.11

5.7

197.5

35

0.02

25EW03-021

485297

7662397

Outcrop

0.12

5.4

141

37

0.03

25EW03-022

484317

7662211

Outcrop

0.01

1

27.9

24

0.02

25EW03-023

484286

7662896

Outcrop

0.01

0.5

5.8

8

0.005

25EW03-024

483401

7662702

Float

0.1

13.4

10.8

4

0.005

25EW03-025

483487

7662369

Outcrop

0.02

1.1

62

31

0.02

25EW03-026

484097

7663109

Outcrop

0.07

1.8

82.1

94

0.005

25EW03-027

483283

7661867

Outcrop

0.48

4.5

410

216

0.005

25EW03-028

483286

7661845

Outcrop

0.2

1.9

451

118

0.005

25EW03-029

483286

7661981

Outcrop

0.02

8

19.6

9

0.005

25EW03-030

483330

7661909

Outcrop

0.08

13.1

28.7

35

0.01

25EW03-031

485800

7663556

Outcrop

0.12

7.9

236

66

0.01

25EW03-032

485723

7663873

Outcrop

0.05

2.9

86.4

39

0.02

25EW03-033

486038

7663878

Outcrop

0.15

3.6

210

67

0.005

25EW03-034

487558

7664918

Outcrop

0.12

94.3

7.8

125

0.005

25EW03-035

486086

7664230

Outcrop

0.27

4.5

539

30

0.005

25EW03-036

485760

7664359

Outcrop

0.05

3.4

112

73

0.01

25EW03-037

485767

7664697

Outcrop

0.11

9

172.5

34

0.01

25EW03-038

485562

7664762

Outcrop

0.04

11.8

16.9

93

0.01

25EW03-039

486123

7664126

Outcrop

0.69

2.9

1160

80

0.005

25EW03-040

486133

7664281

Float

4.67

8.1

11700

79

0.04

25EW03-041

487897

7666674

Outcrop

0.02

0.6

14.6

5

0.02

25EW03-042

486529

7667805

Outcrop

0.02

8.4

5.2

2

0.02

25EW03-043

486596

7667719

Float

0.11

19.5

36.1

14

0.01

25EW03-044

487697

7669402

Float

2.94

10

1425

1715

0.01

25EW03-045

487715

7671069

Outcrop

0.03

1.1

45.8

2

0.13

25EW03-046

487717

7671059

Outcrop

0.01

0.5

3.5

5

0.01

25EW03-047

487880

7670438

Outcrop

0.02

0.9

229

61

0.005

25EW03-048

487862

7670682

Outcrop

0.01

1.1

3.2

1

0.04

25EW03-049

487547

7667660

Outcrop

0.03

3.5

4.2

1

0.01

25EW06-001

484525

7663210

Outcrop

0.1

3.6

247

99

0.01

25EW06-002

480776

7664457

Outcrop

0.13

2.4

232

63

0.005

25EW06-003

480776

7664458

Outcrop

0.14

2.3

253

64

0.005

25EW06-004

480650

7664483

Outcrop

0.11

2.6

193

73

0.005

25EW06-005

480222

7664591

Outcrop

0.04

2.7

56.9

72

0.005

25EW06-006

480227

7664588

Outcrop

0.04

0.9

70.3

64

0.005

25EW06-007

480168

7664393

Float

0.14

5.6

935

92

0.005

25EW06-008

480161

7664405

Float

0.02

1.9

16

3

0.02

25EW06-009

480162

7664395

Subcrop

0.11

5

650

75

0.01

25EW06-010

480040

7664258

Float

2.33

5

5860

76

0.005

25EW06-011

480241

7663818

Outcrop

0.08

13

107

67

0.01

25EW06-012

480202

7663759

Outcrop

0.05

0.6

155

73

0.01

25EW06-013

480185

7663831

Outcrop

0.05

0.8

147

74

0.01

25EW06-014

488201

7667842

Outcrop

0.15

105

102

12

0.005

25EW06-015

488203

7667846

Outcrop

0.02

8.8

9.2

5

0.19

25EW06-016

488194

7667892

Outcrop

0.01

0.25

6.6

3

0.03

25EW06-017

489123

7667641

Float

0.02

0.6

81.9

3

0.03

25EW06-018

489081

7667549

Outcrop

0.19

40.5

13

65

0.005

25EW06-019

489091

7667500

Outcrop

0.01

0.6

3.8

13

0.01

25EW06-020

487263

7668276

Outcrop

0.18

16.5

8.5

48

0.005

25EW06-021

487886

7668774

Outcrop

0.74

115.5

305

1

0.01

25EW06-022

486539

7669191

Float

0.04

49.3

7.7

14

0.01

25EW06-023

487141

7667929

Outcrop

0.33

23.2

25.2

28

0.01

25EW06-024

487100

7667886

Float

0.84

18.5

986

74

0.01

25EW06-025

486946

7667666

Float

179

418

4230

284

0.005

25EW06-026

487001

7667706

Float

0.65

37.4

7220

31

0.01

25EW06-027

487645

7666719

Outcrop

0.32

13.5

354

68

0.01

25EW06-028

487690

7666478

Outcrop

1.48

18.6

2840

77

0.01

25EW06-029

486709

7667414

Subcrop

0.94

13.6

2740

25

0.01

25EW06-030

487067

7667695

Float

11.85

147

555

346

0.005

25EW06-031

487067

7667695

Float

26.4

191.5

74.4

106

0.005

25EW06-032

487031

7667677

Float

0.04

1.2

55.7

63

0.24

25EW06-033

486950

7667625

Float

1.08

17.6

11.1

7

0.01

25EW06-034

486698

7667508

Float

6.16

14.9

18050

42

0.01

25EW06-035

486695

7667498

Float

0.12

33.9

22.8

7

0.005

25EW06-036

486677

7667493

Float

2.6

11.4

9970

123

0.005

25EW06-037

486655

7667491

Subcrop

0.49

11

3980

206

0.01

25EW06-038

486599

7667485

Outcrop

8.42

84.6

1640

11

0.005

25EW06-039

486537

7667401

Float

0.39

5.6

2650

22

0.3

25EW06-040

486127

7667865

Float

0.49

22.7

862

89

0.01

25EW06-041

486293

7667800

Outcrop

0.29

3.9

697

79

1.53

25EW06-042

486403

7667563

Float

0.92

13

20500

96

0.01

25EW06-043

486501

7667563

Float

2.26

36.4

12650

57

0.005

25EW06-044

487060

7667670

Float

0.03

1.4

86.9

64

0.005

25EW06-045

486962

7667776

Float

24.5

57.4

23.4

18

0.05

25EW06-046

486967

7667735

Float

0.26

309

385

19

0.005

25EW06-047

486948

7667799

Float

33

960

792

89

0.01

25EW06-048

486942

7667737

Float

4.28

144.5

42.2

33

0.01

25EW06-049

486964

7667737

Float

0.27

42.1

2430

363

0.005

25EW06-050

486687

7667457

Outcrop

0.22

232

1020

708

0.01

25EW06-051

486942

7667735

Outcrop

0.98

139

27.4

20

0.01

25EW06-052

486943

7667738

Outcrop

7.38

325

54.1

90

0.01

25EW06-053

486953

7667794

Float

0.61

22.7

1750

129

0.005

25EW06-054

487047

7668141

Float

11.05

184.5

573

117

0.005

25EW06-055

487003

7668178

Float

73.9

3280

1700

480

0.005

25EW06-056

487009

7668093

Float

131

1610

3880

565

0.03

25EW06-057

486981

7668042

Float

316

1245

1080

227

0.01

25EW06-058

487070

7668157

Float

7.82

162.5

213

170

0.01

25EW06-059

486662

7667520

Float

2.8

23

185

5

0.08

25EW06-060

486661

7667511

Subcrop

14

6.1

38000

175

0.01

25EW06-061

487093

7668064

Subcrop

112

650

2550

99

0.01

25EW06-062

487071

7668057

Float

490

1680

1735

367

0.005

25EW06-063

486985

7668386

Float

276

574

1435

348

0.005

25EW06-064

487117

7668272

Float

178

219

951

122

0.005

25EW06-065

487151

7668141

Float

7.84

226

16.2

36

0.01

25EW06-066

487167

7668318

Float

0.18

151.5

39

56

0.005

25EW06-067

487153

7668280

Float

33.5

1365

2110

639

0.01

25EW06-068

487195

7668266

Float

74.4

264

796

112

0.005

 


[1] WAMEX Annual Report,1 April 2014 to 31 March 2015, Elizabeth Hill Silver Project, Global Strategic Metals NL, p16

[2] www.kitco.com/charts/silver

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