Excellent News9 Oct 2025 10:27
Alien Metals Ltd, up 16% at 0.18 pence, 12-month range 0.0625p-0.28p. The Australia-focused mining company announces the start of the phase 2 diamond drilling campaign, at the Elizabeth Hill silver project in Western Australia's Pilbara region, by its joint venture partner West Coast Silver Ltd. Elizabeth Hill is operated by West Coast Silver with Alien retaining a 30% free-carried interest through to a decision to mine. Executive Director Belinda Murray says Alien is "delighted", commenting: "The decision to bring forward the programme demonstrates the strong technical and continued operational momentum at the project following the exceptional silver grades achieved earlier this year. This campaign builds on the first phase results and is another key step in advancing the Elizabeth Hill project toward defining the extent of the high-grade silver system." West Coast Silver says the programme, with drilling commencing on Friday, follows multiple bonanza-grade intercepts from phase 1. Phase 2 "aims to test near-surface high-grade mineralisation, and prospective areas down plunge of the historical workings with mineralisation open at depth," and will comprise approximately 1,300 metres across 14 holes. "This will be expanded as required based on the success of the programme," West Coast says. Also, a roughly 3,000-metre air core programme targeting near-mine anomalies is set to begin in November.