Interim report
Page 1
30 September 2026 Alien Metals Limited ( " Alien Metals " or " the Company " ) Financial Results for the Six Months Ended 30 June 2026 Alien Metals Limited ( AIM : UFO ) , a minerals exploration and development company , announces its unaudited financial results for the six months ended 30 June 2026 ( the " Period ” ) . The results for the Period are also available on the Company's website : www.alienmetals.uk . Highlights • • • Completed the Munni Munni Platinum - Palladium - Copper - Nickel Project joint venture transaction with GreenTech Metals Limited ( ASX : GRE ) ( " GreenTech " ) in February 2026 , with Alien retaining a 30 % interest free carried through to completion of a bankable feasibility study . Alien also received A $ 500,000 in cash and 47 million GreenTech shares as consideration for the transaction . Alien continues to hold 37.9 million GreenTech shares , representing approximately 10 % of GreenTech's issued share capital and providing Alien shareholders with exposure to the Whundo Project . Significant progress was made at Munni Munni during the Period , including completion of GreenTech's Phase 1 drilling programme and review of historical exploration data which identified potential mineralisation not captured in the historical Mineral Resource Estimate , including higher - grade PGE zones and under - recognised copper and nickel mineralisation . Continued progress at the Elizabeth Hill Silver Project through joint venture partner West Coast Silver Limited ( ASX : WCE ) ( " West Coast Silver " ) , including further high - grade drilling results . In April 2026 , West Coast Silver announced an inaugural JORC ( 2012 ) compliant Mineral Resource Estimate ( MRE ) for Elizabeth Hill of 2.79Moz silver at 617 g / t Ag , comprising 0.37Moz Indicated and 2.42Moz Inferred . Alien holds a 30 % interest in Elizabeth Hill and holds 30.5 million shares in West Coast Silver ( representing an approximate 8.7 % interest in the issued share capital of West Coast Silver ) . The Group's iron ore portfolio continues to be led by the 90 % -owned Hancock Iron Ore Project in the Pilbara , which hosts a JORC - compliant Mineral Resource of 8.4Mt at approximately 60 % Fe and a maiden Ore Reserve of 1.9Mt at approximately 60.3 % Fe . Following a review of funding alternatives for the Pilbara Iron Ore Portfolio , the Board recognised a US $ 6.7 million non - cash impairment against the Hancock Project for the six months ended 30 June 2026 , subject to review as part of the annual audit . Post - Period highlights • In July 2026 , Alien completed the acquisition of 100 % of Knox Resources Pty Ltd , holder of the Georgina Basin Iron - Oxide Copper - Gold Project in the Northern Territory , Australia , adding approximately 2,500 km² of prospective tenure to the Group's Australian exploration portfolio . West Coast Silver raising A $ 6.0 million in September 2026 will support further drilling and the completion of a Scoping Study on the Elizabeth Hill Project . Michael Carter , Non - Executive Chairman of Alien Metals , commented : " The first half of 2026 saw important progress across Alien's portfolio , including the completion of the Munni Munni joint venture with Green Tech and the announcement of the inaugural MRE for the Elizabeth Hill Project . " At Munni Munni , the joint venture structure provides Alien with continued exposure through our retained 30 % interest while substantially reducing our direct funding requirements . GreenTech has advanced drilling and technical work aimed at updating the historical resource and assessing the broader PGE , copper and nickel potential of the project . " Elizabeth Hill also delivered significant progress during the Period , culminating in the announcement of an inaugural JORC ( 2012 ) -compliant Mineral Resource Estimate of 2.79 million ounces of silver at 617 g / t Ag . Ongoing drilling and geophysical work continue to assess the broader exploration potential of this high - grade silver system . " Following the Period end , the acquisition of the Georgina Basin copper - gold project has further broadened Alien's Australian portfolio and provides exposure to a large - scale IOCG exploration opportunity . " The Board remains focused on disciplined capital allocation , advancing the Group's existing assets and pursuing opportunities that have the potential to enhance long - term value for shareholders . " For further information , please visit the Company's website at www.alienmetals.uk or contact : Alien Metals Limited Vince Fayad Email : ir@alienmetals.uk