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Alien Metals Ltd ( (GB:UFO) ) has provided an update.
Alien Metals has highlighted a Chairman’s Letter from its joint venture partner West Coast Silver detailing a strong year of exploration at the Elizabeth Hill Silver Project in Western Australia, where Alien retains a 30% free-carried interest. West Coast Silver’s 2025 program, including extensive diamond and aircore drilling plus new geophysical work, has repositioned Elizabeth Hill as a potential district-scale, high-grade silver opportunity beyond the historic mine footprint, with visible native silver, confirmed mineralised continuity and multiple priority targets identified against the backdrop of a significantly stronger silver price. The partners are now entering 2026 with a structured exploration plan centred on receiving outstanding assays, refining integrated targets, and launching follow-up drilling from March on both near-mine and regional prospects, a pathway that could materially enhance the strategic and economic value of Alien’s silver exposure if further discoveries and resource growth are achieved.
More about Alien Metals Ltd
Alien Metals Ltd is a mining exploration and development company listed on AIM in London, pursuing a balanced strategy of advancing its project portfolio while using joint ventures and selective monetisation to create shareholder value. Its primary focus is the 90%-owned Hancock Iron Ore Project in Western Australia’s Pilbara region, which holds a JORC-compliant resource and is being advanced toward a 2Mtpa iron ore operation, while the company also maintains interests in other Pilbara iron ore, precious and base metal projects, including free-carried 30% joint venture stakes in the Munni Munni PGM-gold asset and the Elizabeth Hill Silver Project.
Average Trading Volume: 81,627,342
Technical Sentiment Signal: Strong Sell
Current Market Cap: £12.13M
See more data about UFO stock on TipRanks’ Stock Analysis page.

