Diamond Drilling to Commence at Elizabeth Hill
Alien Metals Limited, holding a 30% interest in the Elizabeth Hill Silver Project, announced that its joint venture partner, West Coast Silver, will commence an 18-diamond hole drilling program totaling approximately 1,800 meters in early to mid-October 2026. This program aims to define and extend the existing 2.8 million ounce silver resource, test new high-grade zones, and potentially reclassify inferred resources to indicated status, with results to be incorporated into a March 2027 resource estimate update and a Q1 2027 Scoping Study.
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Alien Metals Limited (AIM: UFO), a minerals exploration and development company, announces that its joint venture partner in the Elizabeth Hill Silver Project ("Elizabeth Hill"), West Coast Silver Limited ("West Coast Silver") (ASX: WCE), has today announced its H2 2026 diamond drilling program at the high-grade Elizabeth Hill Silver Project in Western Australia is scheduled to commence in early to mid-October 2026.
Highlights:
| · | 18 diamond hole drill program for ~1,800m is commencing across the Elizabeth Hill Silver Project, aiming to advance mineral resource definition, extension and new high-grade zone definition commenced in H1 2026. |
| · | West Core Drilling is scheduled to mobilise in the week of 5 October, with drilling expected to continue through early to mid-December. |
| · | The four workstreams are: 1. MRE development drilling will target selected lower confidence areas above historic mine workings to support potential reclassification of Inferred Mineral Resources to Indicated status, and are intended to inform future evaluation of ore reserves. 2. Western extension drilling will test broad silver mineralisation outside the current 2.8Moz silver MRE block model 1 . 3. Elizabeth Hill Deeps drilling will test the continuity of a new high-grade silver zone that remains open to the east and south below historic mine workings 2 . 4. Underground extension drilling will test inadequately drilled areas immediately down plunge of Elizabeth Hill’s deepest historic mine workings. |
| · | Drill core will be geotechnically, metallurgically and structurally logged, and sampled as part of Scoping Study test works. |
| · | The program has been designed using 2025-2026 drilling outcomes and resultant updated structural and geological interpretations. |
| · | New drilling results will be included in a March 2027 MRE update and Q1 2027 Scoping Study outcomes. A separate MRE update remains scheduled for November 2026. |
1 Refer WCE announcement “Elizabeth Hill - 2.8Moz Silver Mineral Resource Estimate” dated 22 April 2026
2 Refer WCE announcement “Elizabeth Hill New High Grade Silver Discovery” 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 7.0% interest in the issued share capital of West Coast Silver.
The full West Coast Silver announcement can be viewed at: http://www.rns-pdf.londonstockexchange.com/rns/6602W_1-2026-9-28.pdf
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.