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Alien Metals Ltd on Wednesday reported ‘exceptional’ silver assay results from initial drill holes at the Elizabeth Hill silver project in the Pilbara region of Western Australia. Shares in Alien Metals were up 23% at 0.10 pence in London on Wednesday afternoon. The stock remains down 25% over the past year, however. The Australia-focused minerals explorer and developer carries a 30% interest in the project, which is operated by its joint venture partner, West Coast Silver Ltd. The first two drill holes of the inaugural diamond drill programme, which drilled 12 holes for 1,183 metres, returned a ‘significant’, high-grade silver zone, including 21 metres at 1,047 grammes per tonne of silver from 10 metres, and 15 metres at 723 grammes per tonne of silver from 1 metre. Samples from eight other drill holes have been sent off for assay, with results expected progressively over a six to eight week period. Alien Metals said it continues to log the remaining two drill holes, with samples to be dispatched ‘once ready’. ‘These initial outstanding results reinforce the potential at Elizabeth Hill to host some of Australia’s highest-grade silver mineralisation. To see mineralisation of this tenor from surface and from the first two holes of the campaign is an exceptional outcome and confirms our strategy of leveraging a technically strong partner to advance the project,’ said Technical Director Robert Mosig. ‘With 30% free-carried interest and a material equity stake in West Coast Silver, Alien shareholders are well-positioned to benefit from any future development success.’ Copyright 2025 Alliance News Ltd. All Rights Reserved.
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