Member Info for DRB83

Well, it is now well and truly mid February so I am expecting AC results and potentially by the end of the week a Technical Review update. We should also get confirmation of GRE completing their phase 1 drilling with results due end of Mar, beginning of April.

All being well, the sp will close the week higher than it starts it.

hi pete, so if an objection was raised at nt then i believe there is a 6 month window to negotiate. this window would close in may. this is where the heritage agreement will come in. given the natives have already agreed to let us mine and not objected to our other tenements, i can only assume this is standard process and any agreement will be reached amicably and smoothly. no way of knowing but thanks for pointing it out. maybe the market doesn't see this as a formality and thats why it is valuing han**** at zero. once the negotiations are complete and assuming an agreement is reached then maybe the shackles come off and ufo get a bumper 100% gain day. that would be epic and id certainly need to take an annual leave day for that.

thank you for highlighting that smiller as it highlights the point i've been banging on about for months.

i went through the downward roller coaster period that was 2020-24 but comparing ufo 26 to ufo 24 is chalk and cheese. i don't just mean sp, i mean the fundamentals of the company.

strategy

ufo 24 - raise, explore, drag their feet, raise, explore a little more, drag their feet.

ufo 26 - project monetiser, retain upside exposure whilst transferring risk, low cash burn. let others explore at a rate of knots and with purpose.

balance sheet

ufo 24 - very little cash, high debt, convertible loan spiral, no assets, very weak balance sheet

ufo 26 - £2m cash, £7m and growing liquid equity, almost debt free, very strong balance sheet.

metals market

ufo24 - silver $25 and steady

ufo - silver $80 and rising

same with pgms

eh status

ufo24 - 100% but going nowhere, years from production if at all, just draining management time and cash

ufo26 - 30% and free ride to dtm, partner drilling aggressively with phase 3 around the corner, mre within 4 months, production possible within 9-12 months

mm status

ufo24 - 100% but going nowhere, no drilling in sight, just draining management time and cash

ufo26 - 30% and free ride to bfs, partner drilling aggressively with phase 1 almost complete, mre 2 months away.

han**** status

ufo24 - 90%, production must be just round the corner. high management distractions

ufo26 - 90%, production must be just round the corner, management 100% focus on iron.

chalk and cheese. no need to keep looking back to 2020-24. start looking forward to 2026-27. the tide has already turned. gla

ufo gets quite a beating from nellies and trolls over its jv deals and overall sp performance so let's put some perspective on things.

since march 2025, the ufo sp has been and continues to be in a uptrend. mar 24 sp 0.06 vs today 0.175.

the friday close of 0.175 is the highest weekly close since the beginning of october 2025 when it closed that week at 0.1845.

probably worth noting that since the uptrend started in march 25, we have had 2 placings, with neither derailing the uptrend.

this is strong sp performance by ufo and now backed up with a strong balance sheet and strong fundamentals.

with all the news to come including:

eh ac results

eh technical review conclusion

eh phase 3 details

mm phase 1 results

mm mre

eh mre

radio hill processing confirmation

han**** access grant confirmation

han**** monetisation update

alien debt free confirmation

the uptrend is highly likely to continue. i was all in just before xmas. now i sit and wait for revenue generation in early 2027.

Pete, it was in the rns 3rd July.

"BHP Access Agreement Executed

Alien’s subsidiary, Mallina Exploration Pty Ltd, has executed an Access Agreement with BHP Iron Ore Pty Ltd

(“BHP”) in relation to the pending tenement E47/5159.

The Agreement facilitates the withdrawal of BHP’s objection, enabling the tenement to proceed through the

standard government approval process prior to grant over the coming months."

Its just going through the standard process now which 5157 and 5158 did and it took them c10 months from April 24 to Feb25. Assuming the same kind of turnaround from July25 for 5159 brings us to end of April 26. Could be anytime though as 5159 was originally lodged along with 5157 and 5158 in Apr 24 but got held up by the BHP objection. Could land anytime and once it does i am expecting a flurry of news.

beaners, the objection was lifted a few months back so now it is just government approval required. once granted, i am expecting some significant action with han****. based on previous approvals, i am expecting april for access to be granted.

Agreed. Simplest model would be to offtake at $100 and agree contractor fixed price $85 all in. Lock in the $15 per tonne profit and sit back.

Everyone's a winner. Give Windfield $1 per tonne. Jobs a good n. Do it over a 3 year deal and then we're free to renegotiate in the market. Come on Bruce. Make it happen

chris, i'm not sure anything has changed to suggest han**** can be put to bed for 2026. once the access is granted its just funding, and we got our funding expert lined up a few months ago. all ufo have to think about currently is han****. there is a transaction there bubbling under the surface. no drilling for years and still no talk of drilling. their priority has and still is to get han**** monetised asap. you can put it to bed if you like but its just going to keep getting out and slapping round the face.

Buff, the capital structure page on the website is updated periodically. Last update was October I think. NSL bought in during the December placing. It is on the News page in the RNS section. They submitted a TR1 23rd Dec advising they own 444m shares. I don't know anything else about them.

Bufflehead, ufo have more than 1 major shareholder. Northern Standard Limited have 444m shares. Moon will also soon be a major shareholder. The goal is to get in BEFORE the institutional investors, not after. You have to read between the lines and look forward more than back to determine when the right time to buy is. The right time to buy was several weeks ago but a few on here were scare mongering about scams, fraud, corruption and ponzi schemes which may have caused some to miss out on a bag or 2 but not to panic. We at 0.18 so this is good for another 2 bags at least before June. Beyond that we're probably talking 5-10 bags. Dyor and imo.

Interesting spike in volume today. On for a green week. 3 out of last 4. Have UFO finally turned the corner that some of us rampers have been banging on about for the past few months. Looks and feels positive. GLA

smiller, we were at £6m mcap 12 months ago. where do you think the cash was coming from to drill eh. we raised just £1m in may25 at 0.08. wce have already raised £5m. to get that much for ufo, we would have had to offer at best 0.07 with billions of warrants. we would have 20bn+ shares in issue now. still in debt and no time to focus on han**** or mm. we'd be lucky to be at 0.03 at that point.

think us lucky, we now have:

2 major projects being drilled aggressively

virtually no debt

£7m or so in liquid equity

board with 100% focus on monetising han****

only 11.5bn shares in issue

mcap of £20m (from £6m 12 months ago)

amazes me how you still think ufo had any other choice but to jv eh and mm.

bpos, i would rather get han**** over the line before taking on additional tenements. we need a regular cash inflow to avoid dilutive exploration. once han**** is over the line, they can drill until their heart is content.

next news:

wce ac results

wce technical review update inc phase 3 plan

gre phase 1 results

han**** access grant and transaction update

gre mre update

wce mre update

all before july.

gla

hi dip, its not about what bruce said, its about what he didn't say. han**** is our flagship project and he spent no more than 15 seconds discussing it. why? because he can't. he's gagged and bound by ndas imo. no update on han**** in several months. loads of cash in the bank but no drilling, no exploring. why? they are working on a deal but the access grant and iron price is complicating things. i don't even think windfield is an issue anymore. windfield have ever reducing leverage so will be more than willing to agree a new deal to get something rather than nothing.

just a matter of time imo. if iron price shows a little more strength and the access is granted by april then we may just get some news in q2.

You're really struggling to move past that aren't you smiller.

Forget about comparing ufo rise (100%) to wce rise (700%) and focus on where ufo would be right now if the jvs didn't happen

Yes we'd still have 100% of eh and mm but if we didn't get wound up, we'd be at 0.03 (60% down) and no hope of going anywhere.

Give me a 100% rise any day.

Sounds like you'd rather shoot yourself in the foot than let wce in on eh. Thats bad business sense all day long.

Was posting just last night. Whoops lol

I've a lot invested here so will keep posting whilst ever I have something to say.

Well, let's put it this way. If there are 200k oz of silver tailings just sat on our land and have been there for 20+ years, you can bet your bottom dollar that now silver is $80 and growing, someone, somewhere is doing something about them. Let's see what happens.

No chance. Show me how you arrived at that conclusion

I would be extremely surprised if the tailings have been included in any of our JVs. Mainly because we don't own them so how can you factor them into a deal. The tailings imo belong to Wombat but sit on UFO licensed land. Our JV with WCE covers Silver in the ground. Any deal with Wombat will be done entirely separate to our current jvs. Are they even still there. I hope so. Would be great to buy them and once we have a processing route established make some easy hard cash from them.

Magnum, Silver was up yesterday when UFO was up so your point is defunct. UFO sp and silver have very minute connection at the moment. That will change in 2026.