GreenTech Intersects High-Grade Copper at Whundo

In brief · summary, not quotable

Alien Metals Limited announced that GreenTech Metals Limited has reported exceptional high-grade copper assay results from diamond drilling at the Ayshia deposit within the Whundo Project, with a significant intersection of 4.76m at 7.13% Copper, including 3.44m at 9.43% Copper. These results, which also include zinc, gold, and silver, represent the highest-average-grade multi-metre copper intersection found at Ayshia to date and are among the highest recorded at the broader Whundo Project. This exploration success continues to demonstrate potential for expansion of the current Whundo JORC 2012 Mineral Resource of 6.2 Mt @ 1.12% Cu, 1.04% Zn, with an updated Mineral Resource estimate targeted for Q4 2026. Alien shareholders benefit from these developments through Alien's approximately 10% equity interest in GreenTech.

Full announcement

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Alien Metals Limited (AIM: UFO), a minerals exploration and development company, announces that GreenTech Metals Limited ("GreenTech") (ASX: GRE), in which Alien holds approximately 10% of the issued share capital, has today reported exceptional high-grade copper-gold-silver-zinc assay results from diamond drilling at the Ayshia deposit within GreenTech's 100%-owned Whundo Cu-Zn-Au Project in the West Pilbara, Western Australia.

Highlights:

·	Diamond drilling at the Ayshia deposit within the Whundo Project has returned high-grade copper-gold-silver:

4.76m @ 7.13% Cu, 1.20% Zn, 0.88 g/t Au and 29.6 g/t Ag from 367m, incl.
3.44m @ 9.43% Cu, 1.59% Zn, 1.20 g/t Au and 39.7 g/t Ag from 367.62m (26GTDD016)

·	New drill hole provides down plunge extension to recent and historical 1 drilling at Ayshia, including:

23.7m @ 3.19% Cu and 0.39% Zn from 209m (12AYDD103)
13.97m @ 3.4% Cu and 0.42% Zn from 243.63m (12AYDD109)
20m @ 0.60% Cu, 1% Zn and 0.11 g/t Au from 250 m, incl.
3m @ 3.1% Cu and 2.6% Zn from 261m (24GTRC004)

·	The 4.76 m intersection grading 7.13% Cu, including 3.44 m at 9.43% Cu (see photo 1), represents the highest-average-grade multi-metre copper intersection identified at Ayshia to date and ranks among the highest-grade copper intersections recorded across the broader Whundo Project.
·	The exploration program continues to demonstrate potential for expansion of current Whundo JORC 2012 Mineral Resource 2 of 6.2 Mt @ 1.12% Cu, 1.04% Zn, with significant gold and silver intercepts to be assessed as part of an updated Mineral Resource estimate targeted for Q4 2026.
·	Alien holds 37.9 million GreenTech shares, representing approximately 10% of GreenTech's issued share capital and providing Alien shareholders with exposure to the Whundo Project.
·	Alien retains a 30% interest in Munni Munni, free carried to completion of a bankable feasibility study. GreenTech is working to validate the historical non-JORC estimate of 24 Mt at 2.9 g/t 4E (approximately 2.2 Moz contained 4E) and establish a JORC 2012 Mineral Resource.

1GRE ASX Announcement 19 September 2024 - Whundo Copper Results Indicate Significant Growth

2GRE ASX Announcement 12 April 2023 - Mineral Resource Update - Whundo Copper-Zinc Project

Vince Fayad, Executive Director of Alien Metals, commented:

"These are exceptional drilling results. The intersection of 4.76 metres at 7.13% copper, including 3.44 metres at 9.43% copper, highlights the high-grade potential of GreenTech's Whundo Project. Alien shareholders retain exposure to continued exploration success through the Company's approximately 10% equity interest in GreenTech. With Whundo adjacent to Munni Munni, where Alien retains a 30% interest free carried through to completion of a bankable feasibility study, Alien is well positioned to benefit as GreenTech advances both projects."

Photo 1: Core tray showing mineralised diamond core from drill hole 26GTDD016

The full GreenTech Metals announcement can be viewed at: GreenTech announcement

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

Alien Metals Limited

Vince Fayad

Strand Hanson (Financial and Nominated Adviser)

James Harris / James Dance / Edward Foulkes

Turner Pope (Broker)

Andy Thacker / Guy McDougall

IFC Advisory (Financial PR and Investor Relations)

Tim Metcalfe / Graham Herring / Zach Cohen

Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.