Alien Metals (AIM:UFO) holds a 30% interest in the Elizabeth Hill Silver Project and this exposure has been sharply de-risked after West Coast Silver announced an inaugural Mineral Resource Estimate of 2.79 million ounces of silver from 141,000 tonnes at 617 g/t (20 g/t cut‑off), comprising 369,000 oz Indicated and 2.42 Moz Inferred.
The MRE, prepared with ERM and signed off by Competent Person Phil Jankowski, is reported inside an optimised open pit and uses a US$60/oz consensus price; the pit footprint is about 200m by 180m with a maximum depth of 130m and captures almost all current mineralisation. At a 60 g/t cut‑off the resource concentrates to 2.72 Moz from 76,000t at 1,114 g/t, 97% of the ounces, and the deposit remains open along strike and at depth, offering clear growth targets.
"The MRE grade confirms Elizabeth Hill as one of the highest-grade silver projects in Australia," said Executive Chairman Bruce Garlick.
Alien retains its 30% project stake via a wholly owned subsidiary and holds 30.5 million West Coast Silver shares; West Coast Silver says the MRE provides a foundation for further drilling and economic studies through 2026.
