Alien Metals reports 'transformational' 2025

(Sharecast News) - Alien Metals said on Tuesday that 2025 had been a "transformational" year, as it reported annual results and highlighted the completion of strategic joint ventures across its Elizabeth Hill silver and Munni Munni platinum group metals projects in Western Australia.

The AIM-traded minerals exploration and development company said the deals had significantly reduced its funding requirements while allowing it to retain exposure to future exploration and development upside.

At Elizabeth Hill, Alien completed a joint venture with West Coast Silver, receiving AUD 500,000 in cash and 44.5 million West Coast Silver shares. It also retained a 30% free-carried interest through to a decision to mine.

The company said drilling completed after the transaction delivered exceptional high-grade silver results and supported an inaugural JORC 2012 mineral resource estimate of 141,000 tonnes at 617 grams of silver per tonne, for 2.8 million ounces of contained silver.

Alien said its Hancock iron ore project continued to demonstrate strong development potential, supported by an existing JORC resource of 8.4 million tonnes at 60% iron, an expanded exploration target of 12 million to 27 million tonnes grading 58% to 62% iron, and robust development study economics.

The company also noted that its Munni Munni joint venture with GreenTech Metals was completed in February 2026.

Under that deal, Alien received AUD 500,000 in cash and 47 million GreenTech shares, while retaining a 30% free-carried interest through to completion of a bankable feasibility study.

Alien said it entered 2026 with exposure to a diversified portfolio of silver, iron ore, platinum group metals, copper, nickel and gold assets, funded work programmes across partnered projects, and ongoing strategic discussions over the advancement of its iron ore portfolio.

Chairman Bruce Garlick said the completion of the two joint ventures had "significantly strengthened" Alien's position while reducing funding requirements and preserving substantial future upside.

"The rapid advancement of Elizabeth Hill and Munni Munni by our joint venture partners has reinforced the quality of these assets, while Hancock continues to demonstrate the potential to become a highly attractive Pilbara iron ore development opportunity," he said.

"We believe Alien entered 2026 with strong momentum, a diversified commodity portfolio and multiple pathways to unlock further shareholder value."

At 1111 BST, shares in Alien Metals were up 8.61% at 0.13p.

Reporting by Josh White for Sharecast.com.

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