Member Info for B_Positive

· NAV per share as at the period end was 1.98 pence (31 December 2024: 2.05 pence) compared to the current share price of 0.85 pence as at 26 September 2025 so the Company is currently trading at a 57% discount to NAV.

NAV will only grow

Imagine if they announce the big exit.

Isn't it worth around £10m to Mindflair?

GOLD $4,200+!!!

3 excellent Australian tier-1 gold projects

Australia = Tier 1

1st gold project = adjacent to the world class GGP

2nd gold project = adjacent to 2.8moz producing gold mine

3rd gold project = Previous soil and rock chip sampling campaigns in 2021 (Figure 1) at Crofton have defined new prospects and returned bonanza-grade gold results, up to 253g/t gold and 215g/t silver (Table 1), with visible gold being common in dumps adjacent to historic test pits.

Gold = $4,000+ per oz and rising

CDL = 1/5th of WSBN's recent market cap

CDL should be double WSBN's cap

5.00-10.00p shortly very doable.

Not advice and dyor ofc

Don't forget we will get Elizabeth Hill production news in this phase 2.

There's a great comparison here on Air Core drilling vs Diamond.

Phase 2 is a mix of 1000m+ Diamond and 2000-3000m Air Core. Considerly larger than phase 1.

https://www.coreplan.io/blog/air-core-drilling-what-it-is-and-whats-good-about-it

In a nutshell

Aircore | Diamond

Depth: up to 100m | 1000m

Ideal for: Shallow, soft ground | Deep geology

Speed: Fast and low cost | Slow and expensive

So why does Air Core drilling make sense for Elizabeth Hill?

Well look at the depth of the previous results, all considerably shallow.

Highlights:

· Hole 25WCDD001 intersected:

o 5m at 313g/t Silver (Ag) from 20m; and

o 5m at 2822g/t Ag from 26m; including

§ 2m at 6951g/t Ag from 27m

· Hole 25WWCDD002 intersected 12m at 153g/t Ag from surface; including

o 1m at 973g/t Ag from 1m

Highlights:

· Assays from drill hole 25WCDD001, the first drill hole completed from the 2025 program has returned a significant high-grade silver (Ag) zone:

o 21 metres at 1,047g/t Ag from 10 metres including:

§ 8 metres at 2,632 g/t Ag from 22 metres including:

· 1 metre at 15,071 g/t Ag from 27 metres.

· Impressive near surface results from drill hole 25WCDD002 include:

o 15 metres at 723g/t Ag from 1 metre including:

§ 3 metres at 2,639g/t Ag from 1 metre.

· Gold (Au) reported in laboratory assays with peak assay from drill hole 25WCDD002 returning:

o 1 metre at 2.03g/t Au from 4 metres.

Highlights:

· Assays from drill hole 25WCDD011 have identified several significant high-grade silver zones including:

o 17m @ 858g/t Ag from 5m, including 2m @ 6,349g/t Ag from 7m;

o 10m @ 850g/t Ag from 47m, including 3m @ 2,593g/t Ag from 50m; and

o 13m @ 1,615g/t Ag from 62m, including 2m @ 10,049g/t Ag from 63m.

· Native silver observed in drill core from 25WCDD011.

· Significant high-grade gold intercept: 1m @ 11.1 g/t Au from 51m in 25WCDD011.

· Drill hole 25WCDD012 also returned high-grade silver intercepts, including:

o 6m @ 317g/t Ag from 10m, including 1m @ 1,455g/t Ag from 13m; and

o 14m @ 162g/t Ag from 18m.

· Results continue to confirm the presence of near-surface, high-grade silver mineralisation at Elizabeth Hill.

Remember Alien hold 10% of West Coast. The shareholding will be worth several million eve at this 0.18-0.21 AUD level.

I see them as a 1.00+AUD stock near term.

Silver looks dirt cheap to me even at $50-$55USD.

Phase 2: ~1,000m+ diamond & 2,000–3,000m air core drilling commenced ahead of schedule at no cost to Alien Metals.

£250k is a big committment from the board and is very unusual in the small cap space.

This does seem like they are lining their pockets with shares before perhaps selling the lot.

If the broker valu is 1p and they sold it all for even 1/10th of that they'd be making a huge return...

Last I checked the broker value was over 1p

Excellent update today, perhaps not going to be down at these prices for much longer?

Especially after they announced they are in advanced discussions with Timor...

Phase 2: ~1,000m+ diamond & 2,000–3,000m air core drilling commenced ahead of schedule at no cost to Alien Metals.

Shallow High-Grade Silver Mineralisation Intersected at Elizabeth Hill Silver Project

Alien Metals Limited (AIM: UFO), a minerals exploration and development company, is pleased to report that its joint venture partner, West Coast Silver Limited (ASX: WCE) (formerly Errawarra Resources Limited) ("West Coast Silver"), has announced shallow, high-grade silver mineralisation from the first two diamond drill holes of its inaugural drilling campaign at the Elizabeth Hill Silver Project ("Elizabeth Hill" or the "Project") in the Pilbara region of Western Australia. The Project, in which Alien retains a 30% free-carried interest through to a decision to mine, is operated by Alien's joint venture partner, West Coast Silver.

Highlights:

· Hole 25WCDD001 intersected:

o 5m at 313g/t Silver (Ag) from 20m; and

o 5m at 2822g/t Ag from 26m; including

§ 2m at 6951g/t Ag from 27m

· Hole 25WWCDD002 intersected 12m at 153g/t Ag from surface; including

o 1m at 973g/t Ag from 1m

Highlights:

· Assays from drill hole 25WCDD001, the first drill hole completed from the 2025 program has returned a significant high-grade silver (Ag) zone:

o 21 metres at 1,047g/t Ag from 10 metres including:

§ 8 metres at 2,632 g/t Ag from 22 metres including:

· 1 metre at 15,071 g/t Ag from 27 metres.

· Impressive near surface results from drill hole 25WCDD002 include:

o 15 metres at 723g/t Ag from 1 metre including:

§ 3 metres at 2,639g/t Ag from 1 metre.

· Gold (Au) reported in laboratory assays with peak assay from drill hole 25WCDD002 returning:

o 1 metre at 2.03g/t Au from 4 metres.

Highlights:

· Assays from drill hole 25WCDD011 have identified several significant high-grade silver zones including:

o 17m @ 858g/t Ag from 5m, including 2m @ 6,349g/t Ag from 7m;

o 10m @ 850g/t Ag from 47m, including 3m @ 2,593g/t Ag from 50m; and

o 13m @ 1,615g/t Ag from 62m, including 2m @ 10,049g/t Ag from 63m.

· Native silver observed in drill core from 25WCDD011.

· Significant high-grade gold intercept: 1m @ 11.1 g/t Au from 51m in 25WCDD011.

· Drill hole 25WCDD012 also returned high-grade silver intercepts, including:

o 6m @ 317g/t Ag from 10m, including 1m @ 1,455g/t Ag from 13m; and

o 14m @ 162g/t Ag from 18m.

· Results continue to confirm the presence of near-surface, high-grade silver mineralisation at Elizabeth Hill.

· Assay results for a further six holes from the inaugural 12-hole (1,183m) diamond programme remain outstanding.

Backed by $200b+ Thermo Fisher.

Already generating revenues and scaling up fast.

Close to break-even.

Beats most of the pharma small cap companies barely making money and bleeding cash whilst trying to get their foot in the door.

Verici is already there.

Wow one of Australia's highest grade silver projects and Alien own 30% of it and 10% of the 70% owner and don't pay a single penny to see it developed.

Has anyone seen the silver price today: $51.50.

They have progressed EH tremendously all at no cost with tens of millions more of more spend coming its way.

They have signalled movement for Hanc0ck with a big RNS last quarter - now we await an update.

PGMS too.

*EH world class historic silver mine and huge new drill and development campaign underway 2 weeks ahead of schedule, significantly larger than the last all at no cost to Alien Metals who hold 30% and 10% of the company in shares. During the last drill campaign Silver was trading between $30-35 and now it's $40-50.

*Hanc0ck Jorc compliant 8.4mt Iron Ore project surrounded by Rio Tinto and BHP with key unlocking events achieved this year and a further resource expansion target of an additional 28mt. Iron ore prices holding very well and strong throughout the year.

*Munni Munni PGM with PGM prices soaring

Summary

Historic JORC 2004 compliant resource of 24Mt @ 2.9g/t PGM and Gold for 1.14Moz Pd, 0.83Moz Pt, 152Koz Au and 76Koz Rh (Rhodium)

First time in 30 years that Munni Munni and Elizabeth Hill projects have been consolidated into a single coherent tenement, under 100% ownership

Potential for a much larger, high value, multi-commodity resource many of which appear on critical mineral lists

One of the largest undeveloped primary PGM Resources in Australia.

Target 3p+ and given it's Australia this also deserves a premium.

Do we know yet?

Device Authority

Our Partners

MICROSOFT

CYBERARK

VENAFI

ENTRUST

To name a few.

Who is the buyer?

The BoD will know hence why they have loaded up shares down here and announced the special dividend policy.

Exciting end to the year here

FvR now FXR

EQT Life Sciences (LSP Health Economics Fund 2)

Downing Ventures

Create The Future Lp - Nigel Wray

Sana Kliniken

Founders Factory

Mayo Clinic

Brighteye Ventures

Knights Templar Eye Foundation

Tern plc (10.3%)

DA

Alsop Louie Partners

Ten Eleven Ventures

Mercato Partners

Venafi (owned by CyberArk)

Tern plc (25.3%)

TM

Scottish Investment Bank

Scottish Enterprise

DevicePilot

SIS Ventures

Tern plc (23.8%)

Tern plc market valuation less than £3.0 million today.

We do wonder if a takeover target when EV many multiples of current market valuation today?

Window of opportunity ............... for a vehicle to acquire IOHO.

Hanc0ck development update next and this will fly above 0.5 given you then have both Elizabeth Hill in play on top of that absolute beast in the making.

It feels very close

Wow one of Australia's highest grade silver projects and Alien own 30% of it and 10% of the 70% owner and don't pay a single penny to see it developed.

Has anyone seen the silver price today: $51.50.

They have progressed EH tremendously all at no cost with tens of millions more of more spend coming its way.

They have signalled movement for Hanc0ck with a big RNS last quarter - now we await an update.

PGMS too.

*EH world class historic silver mine and huge new drill and development campaign underway 2 weeks ahead of schedule, significantly larger than the last all at no cost to Alien Metals who hold 30% and 10% of the company in shares. During the last drill campaign Silver was trading between $30-35 and now it's $40-50.

*Hanc0ck Jorc compliant 8.4mt Iron Ore project surrounded by Rio Tinto and BHP with key unlocking events achieved this year and a further resource expansion target of an additional 28mt. Iron ore prices holding very well and strong throughout the year.

*Munni Munni PGM with PGM prices soaring

Summary

Historic JORC 2004 compliant resource of 24Mt @ 2.9g/t PGM and Gold for 1.14Moz Pd, 0.83Moz Pt, 152Koz Au and 76Koz Rh (Rhodium)

First time in 30 years that Munni Munni and Elizabeth Hill projects have been consolidated into a single coherent tenement, under 100% ownership

Potential for a much larger, high value, multi-commodity resource many of which appear on critical mineral lists

One of the largest undeveloped primary PGM Resources in Australia.

Target 3p+ and given it's Australia this also deserves a premium.

Yes Tom, tiny cap, 3 excellent Australian tier-1 gold projects

Australia = Tier 1

1st gold project = adjacent to the world class GGP

2nd gold project = adjacent to 2.8moz producing gold mine

3rd gold project = Previous soil and rock chip sampling campaigns in 2021 (Figure 1) at Crofton have defined new prospects and returned bonanza-grade gold results, up to 253g/t gold and 215g/t silver (Table 1), with visible gold being common in dumps adjacent to historic test pits.

Gold = $4,000+ per oz and rising

CDL = 1/5th of WSBN's recent market cap

CDL should be double WSBN's cap

5.00-10.00p shortly very doable.

Not advice and dyor ofc

Results about to drop?

Australia = Tier 1

1st gold project = adjacent to the world class GGP

2nd gold project = adjacent to 2.8moz producing gold mine

3rd gold project = Previous soil and rock chip sampling campaigns in 2021 (Figure 1) at Crofton have defined new prospects and returned bonanza-grade gold results, up to 253g/t gold and 215g/t silver (Table 1), with visible gold being common in dumps adjacent to historic test pits.

Gold = $4,000+ per oz and rising

CDL = 1/5th of WSBN's recent market cap

CDL should be double WSBN's cap

5.00-10.00p shortly very doable.

Not advice and dyor ofc

Australia = Tier 1

1st gold project = adjacent to the world class GGP

2nd gold project = adjacent to 2.8moz producing gold mine

3rd gold project = Previous soil and rock chip sampling campaigns in 2021 (Figure 1) at Crofton have defined new prospects and returned bonanza-grade gold results, up to 253g/t gold and 215g/t silver (Table 1), with visible gold being common in dumps adjacent to historic test pits.

Gold = $4,000+ per oz and rising

CDL = 1/5th of WSBN's recent market cap

CDL should be double WSBN's cap

5.00-10.00p shortly very doable.

Not advice and dyor ofc