RC Drilling Commences to Advance High Grade Elizabeth Hill Silver Project

Alien Metals Limited (AIM: UFO), a minerals exploration and development company, is pleased to advise that its joint venture partner, West Coast Silver Limited (ASX: WCE), has announced that a 4,000m Reverse Circulation (RC) drilling program has commenced at the Elizabeth Hill Silver Project near Karratha, in the Pilbara region of Western Australia.
The full text of the announcement issued by West Coast Silver is provided below in Appendix A.

For further information, please visit the Company’s website at www.alienmetals.uk or contact:

Alien Metals Limited

Bruce Garlick

Email: ir@alienmetals.uk

Appendix A – ASX: WCE ANNOUNCEMENT

RC Drilling Commences to Advance High Grade Elizabeth Hill Silver Project

Highlights

·    Up to 4,000m Reverse Circulation (RC) drilling program has commenced at the Elizabeth Hill silver project in the Pilbara region of Western Australia.

·    Initial drilling targets the northern extensions to the Elizabeth Hill silver mineralised system along the Munni Munni Fault (MMF).

·    The RC program follows up high-grade grade silver intersections returned from 2025 drilling.

·    All holes are targeted to intersect the MMF within ~150m of surface, a depth potentially amenable for open-pit mineable, low-cost resource growth.

·    The RC program is designed to support expansion of the Elizabeth Hill mineralised footprint.

·    Drilling includes extending areas directly up-dip and plunge of the Elizabeth Hill underground silver mine, defined in 2025 as being mineralised to surface.

West Coast Silver Limited (ASX: WCE) (‘West Coast Silver’ or the ‘Company’) is pleased to announce an up to 4,000m Reverse Circulation (RC) drilling program has commenced at its flagship Elizabeth Hill silver project in the Pilbara region of Western Australia. The RC drilling is designed to expand the existing footprint of Elizabeth Hill high-grade silver mineralisation up-dip and plunge of the historical Elizabeth Hill silver mine (Figure 1).

RC drilling will test for mineralisation extension along strike of the historic Elizabeth Hill high-grade underground silver mine and newly identified structural targets along the Munni Munni Fault (MMF). The MMF is a significant regional control on mineralisation.

The RC program will specifically test for extensions of mineralisation north and northwest of 2025 diamond and aircore drilling results, as well as along the MMF at Elizabeth Hill North (EHN) and Elizabeth Hill South (EHS). Previous drilling at EHN and EHS intersected moderate to high-grade near-surface silver mineralisation justifying follow-up to confirm depth potential, continuity, grade and distribution of intercepted zones.

All holes are targeting to intersect the MMF within approximately 150m of surface, highlighting the potential for rapid and cost-effective resource growth.

Initial RC drilling will be to the north of the historical Elizabeth Hill silver mine and then focusing on areas south along the Munni Munni Fault. Drilling is expected to take approximately four to six weeks, subject to weather and operational conditions. Assay results are anticipated to be received progressively through Q2 2026

The image shows a detailed geological and mining diagram, illustrating various depths, locations, and concentrations of silver (Ag) in different sections, including a proposed drilling site, fault lines, and different lithologies such as granite and ultramafic rock. AI-generated content may be incorrect.

Figure 1: Long Section showing proposed pierce points of planned RC drilling north of Elizabeth Hill.

Note: A pierce point is the point where the planned RC drill hole intersects a vertical plane containing the length of the mineralised zone.

Commenting on the results, Executive Chairman Bruce Garlick said:

“Our 2025 drilling confirmed that silver mineralisation at Elizabeth Hill extends beyond the historical underground mine and is associated with a broader structural corridor along the Munni Munni Fault. This RC program is designed to test shallow extensions north and south of the mine and to generate the systematic data required for West Coast Silver’s inaugural Elizabeth Hill Mineral Resource Estimate. With targets located close to surface and near existing infrastructure, the program will advance Elizabeth Hill towards an Economic Scoping Study”.

A red drilling rig is operating on a construction site under a clear blue sky. AI-generated content may be incorrect.

Photo 1: NexGen Drilling ‘Schramm T450GT’ RC drill rig on first hole of 2026 EHN program.

Note: RC drilling is a form of percussion drilling that uses high pressure air to flush rock chips up the centre of the drill rod for collection at surface in carefully controlled intervals representative of the depth of drilling. As drill chips travel up the centre of the RC drill rod, there is minimum sample contamination. Samples are split, logged and bagged for transport to Perth for laboratory assay.

Exploration Next Steps

West Coast Silver is running multiple exploration programs from end of March to end of May 2026. With RC drilling having started, down-hole and surface geophysics are scheduled to commence at the end of March 2026. Diamond drilling to test the down-plunge extension of the Elizabeth Hill orebody commences in early April depending on drill rig availability.

Focus through the next three months of exploration activities will be on processing, interpreting and reporting results, as well as dynamic repositioning of remaining planned drill holes to maximise chances of success from results received (geological, assay, geophysical).

The Elizabeth Hill Project

Elizabeth Hill is historically one of Australia’s highest grade silver projects and has a proven production history. Key points are outlined below:

·    High grades enabled low processing tonnes. A total of 1.2 Moz of silver was produced from just 16,830t of ore at a head grade of 2,194g/t (70.5 oz/t Ag)[1].

·    Mining operations ceased in 2000 as a result of low silver prices (US $5)[2].

·    Simplistic historic processing techniques were used focussing only on native silver extraction. Native silver was recovered via low-cost gravity separation techniques.

·    Untapped mineral resource expansion potential remains. The Elizabeth Hill deposit remains open at depth and along strike. Recent consolidation of the WCE tenement land holding offers potential to discover more Elizabeth Hill style deposits near mine and regionally.

·    World leading silver grades located on a mining lease with potential processing option at the nearby Radio Hill site.

A map of a land with blue water and white text AI-generated content may be incorrect.

Figure 2: Elizabeth Hill Project Tenement Location.

Through the consolidation of surrounding land packages into a single contiguous 180km2 package, significant exploration and growth potential has been created near mine and regionally. The land package holds a significant portion of the Munni Munni fault system, and other fault systems subparallel to the Munni Munni fault system, which are considered prospective for Elizabeth Hill silver deposit analogues.

This ASX announcement has been authorised for release by the Board of Directors of West Coast Silver Limited. For further information, please contact:

Bruce Garlick

Executive Director

West Coast Silver Limited

E: info@westcoastsilver.com.au

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