Business
Drill Programme Recommences at Munni Munni
Alien Metals Limited announces that its joint venture partner, GreenTech Metals Limited, has accelerated the Phase 1 drill programme at the Munni Munni Platinum-Palladium-Copper-Nickel Project by adding a second drill rig. This accelerated program aims to validate historic resources, support metallurgical test work, and explore for potential extensions, with GreenTech well-funded following a December 2025 capital raising of $5.2 million. Alien Metals will retain a 30% free-carried interest until the completion of a bankable feasibility study, with the project holding a historical non-compliant JORC (2004) resource of 24 Mt @ 2.9 g/t 4E for 2.2Moz. Disclaimer*
About this update from Alien Metals Ltd
[{"type":"text","content":"\n\n \n\nTHIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF THE MARKET ABUSE REGULATION (596/2014/EU) AS THE SAME HAS BEEN RETAINED IN UK LAW AS AMENDED BY THE MARKET ABUSE (AMENDMENT) (EU EXIT) REGULATIONS (SI 2019/310). UPON THE PUBLICATION OF THIS ANNOUNCEMENT, THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.\nNOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION.\n \nTrading Symbols\nAIM: UFO FWB: I3A1\n29 January 2026\n \nAlien Metals Limited\n(\"Alien\" or the \"Company\")\nDrill Programme Recommences at Munni Munni PGE-Cu-Ni Project, WA\nAlien Metals Limited (AIM: UFO), a minerals exploration and development company, is pleased to report that its proposed joint venture partner, GreenTech Metals Limited (ASX: GRE) (\"GreenTech\"), has announced that the Phase 1 drill programme will be accelerated with the addition of a second drill rig at the Munni Munni Platinum-Palladium-Copper-Nickel Project, (\"Munni Munni\" or the \"Project\").\nGreenTech and Alien are progressing the final administrative processes to enable conclusion of the transaction, and a further announcement will be made in due course.\nExecutive Chairman, Bruce Garlick, commented:\n\"The addition of a second drill rig underlines GreenTech's intent to move quickly at Munni Munni and to advance the Project through a modern, JORC (2012) compliant resource process. With the programme designed to validate historic resources, support metallurgical test work and test for potential extensions, and with GreenTech well funded following its December 2025 capital raising, we see a clear pathway to materially de-risk the asset through 2026. Alien will retain meaningful upside via its expected 30% free-carried interest to completion of a bankable feasibility study, and we look forward to updating the market as the final administrative processes are completed.\"\nThe full text of the announcement issued by GreenTech is provided below in Appendix A.\n \nFor further information, please visit the Company's website at www.alienmetals.uk or contact:\nStrand Hanson (Financial and Nominated Adviser)\nJames Harris / James Dance / Edward Foulkes\nTe...