Regional Geophysics Targets Elizabeth Hill Repeats

Alien Metals Limited

06 October 2026

6 October 2026

Alien Metals Limited

(“Alien”, “Alien Metals” or the “Company”)

Regional Geophysics Targets Elizabeth Hill Repeats

Alien Metals Limited (AIM: 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) ("West Coast Silver"), has today announced the commencement of an induced polarisation ("IP") and controlled-source audio-frequency magnetotelluric ("CSAMT") geophysical survey along the Munni Munni Fault Zone ("MMFZ") at the high-grade Elizabeth Hill Silver Project ("Elizabeth Hill") in the Pilbara region of Western Australia.

Highlights:

	An extensive IP and CSAMT geophysics program is underway across ~4 km of the Munni Munni Fault Zone (MMFZ), searching for potential repeats of the high-grade Elizabeth Hill silver system, which historically produced 1.2 Moz @ 2,194 g/t Ag1.
	Surveying has commenced at Elizabeth Hill South, where historic drilling returned 2 m @ 1,550 g/t Ag from 108 m in hole AMEHRC012 and 1 m @ 250 g/t Ag from 118 m in hole AG432.
	Previous IP testing successfully identified a chargeability response coincident with the Elizabeth Hill mineralised envelope3, supporting regional application of IP and CSAMT along the MMFZ4.
	The four-week survey will be followed by data processing and modelling to prioritise potential drill targets for follow-up in H1 2027 and support the search for additional stand-alone Elizabeth Hill silver ‘pearls’ along the MMFZ.

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

2 Refer WCE announcement "Aircore Scout Drilling Opens Elizabeth Hill Near mine and Regional Silver Opportunities" dated 24 February 2026

3 Refer WCE announcement "Start of 2026 Elizabeth Hill Near-mine and Regional Geophysics Programs" dated 17 March 2026

4 Refer WCE announcements "Intensified field exploration recommences at Elizabeth Hill following inaugural drilling success" dated 2 September 2025 and "New Targets for Exploration Across Elizabeth Hill Silver Project" dated 12 March 2026

Alien holds a 30% interest in Elizabeth Hill, free carried until West Coast Silver announces a decision to mine, 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.

Vince Fayad, Executive Director of Alien Metals, commented:

“West Coast Silver’s regional geophysics programme is an important step in testing whether Elizabeth Hill is one of a number of high-grade silver systems along the Munni Munni Fault Zone. It is encouraging that surveying has started at Elizabeth Hill South, where Alien’s own drilling in 2022 returned 2m at 1,550 g/t silver.”

The full text of the announcement issued by West Coast Silver is available via the following link:

http://www.rns-pdf.londonstockexchange.com/rns/6991X_1-2026-10-5.pdf

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

Alien Metals Limited

Vince Fayad

Email: ir@alienmetals.uk

Strand Hanson (Financial and Nominated Adviser)

James Harris / James Dance / Edward Foulkes

Tel: +44 (0) 207 409 3494

Turner Pope (Broker)

Andy Thacker / Guy McDougall

Tel: +44 (0) 203 657 0050

IFC Advisory (Financial PR and Investor Relations)

Tim Metcalfe / Graham Herring / Zach Cohen

Tel: +44 (0) 203 934 6632

Notes to Editors

Alien Metals Ltd is a mining exploration and development company quoted on the AIM market of the London Stock Exchange (AIM: UFO). The Company follows a balanced strategy focused on advancing and strengthening its asset portfolio through targeted technical work and project development, while evaluating partnerships, joint ventures, and selective monetisation opportunities to enhance shareholder value. At the same time, Alien will continue to consider opportunities to expand its asset base through carefully selected acquisition opportunities consistent with the Board’s disciplined investment criteria.

Alien’s 100%-owned Georgina Basin IOCG Project comprises a tenement package of approximately 2,500 km² in the East Tennant province of the Northern Territory. Exploration by the Project’s former owners has confirmed the IOCG potential of the tenement package, with the identification of elevated IOCG pathfinder elements, including copper, bismuth, silver and uranium, in drilling, and three drill-ready gravity anomalies remain to be adequately tested.

Alien’s principal iron ore focus is the advancement and development of its 90%-owned Hancock Iron Ore Project in the central Pilbara region of Western Australia. The Hancock tenements contain a JORC-compliant resource of 8.4Mt at 60% Fe and offer significant exploration upside, which is targeted to deliver a mining operation of 2Mtpa for 10 years. The Project benefits from direct access to the Great Northern Highway, providing a route to export facilities at Port Hedland, one of the world’s largest iron ore export hubs. Alien also holds exploration interests in the Brockman and Vivash iron ore projects in the West Pilbara.

Alien additionally retains exposure to two advanced precious and base metal assets in the Pilbara. At Munni Munni, one of Australia’s largest PGM systems hosting a historic resource of 2.2Moz PGM (palladium, platinum, and rhodium) and gold, the Company has completed its partial asset sale and joint venture transaction with GreenTech Metals Ltd, under which Alien retains a 30% interest, free carried to completion of a bankable feasibility study at Munni Munni, and additionally holds 37.9 million shares in GreenTech Metals Ltd. Alien, through a wholly owned subsidiary, also retains a 30% interest in the Elizabeth Hill Silver Project through a joint venture with West Coast Silver. The project encompasses the Elizabeth Hill Mining Lease M47/342, which has produced some of Australia’s highest-grade silver ore. Alien also holds 30.5 million shares in West Coast Silver.

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