- Business
- Alien Metals Ltd (AIM: UFO, OTC: ASLRF) is a minerals exploration and development company focused on iron ore, silver, platinum group metals (PGMs), and base metals projects in Australia. The company holds a portfolio of advanced and early-stage assets including the flagship Hancock Iron Ore Project, which features a JORC-compliant Mineral Resource Estimate of 8.4 million tonnes at 60.3% Fe direct shipping ore (DSO), an Indicated Resource of 4.5 million tonnes at 60.2% Fe, and a Maiden Ore Reserve of 1.9 million tonnes at 60.2% Fe; the Elizabeth Hill Silver Project, encompassing Australia's historically highest-grade silver mine with recent high-grade native silver intersections; the Munni Munni Project, hosting a historic resource exceeding 2 million ounces of PGMs (palladium, platinum, rhodium) and gold; the Pinderi Hills Project, prospective for nickel, copper, PGMs, silver, and lithium across 184 square kilometers; the Brockman Iron Ore Project with DSO-grade surface samples; and the Vivash Gorge Iron Ore Project adjacent to major deposits. Operations are centered in Western Australia's Pilbara region, benefiting from established infrastructure, proximity to Port Hedland export facilities, and tier-1 mining jurisdiction status. Founded in 2006 and incorporated in the British Virgin Islands with headquarters registered in Road Town, Tortola, the company maintains a UK establishment and targets mining investors through its AIM listing. Recent developments include the commencement of a 2,500-meter aircore drilling program at Elizabeth Hill near-mine targets in November 2025 by joint venture partner West Coast Silver Limited (ASX: WCE), in which Alien retains a 30% free-carried interest; native silver intersections from Phase 2 drilling at Elizabeth Hill in early November 2025; a conditional joint venture with GreenTech Metals Ltd at Munni Munni retaining a 30% interest free-carried to bankable feasibility; expansion of Hancock exploration leases in April 2025; and resumption of Hancock fieldwork targeting low-cost near-surface zones by June 2025, alongside an Annual General Meeting scheduled for December 22, 2025.