Business
Unaudited Consolidated Interim Results
Alien Metals Limited reported an operating loss of US$1,245,140 for the six months ended June 30, 2025, compared to US$579,000 in the prior year, with a basic and diluted loss per share of US$0.009. The company raised £1,000,000 through the placement of 1,250,000,000 shares at 0.08 pence per share, including the issue of 416,666,666 warrants. Subsequently, approximately £411,000 was received from warrant exercises. The funding facility with Bennelong Capital was extended to December 31, 2025, with A$400,000 remaining undrawn. Alien Metals completed a joint venture of its interest in Elizabeth Hill Silver receiving approximately US$0.6 million in cash and retaining a 30% interest in the project and 30.5 million shares in West Coast Silver currently worth approximately US$4 million. Disclaimer*
About this update from Alien Metals Ltd
[{"type":"text","content":"\n\n\n \n\nTrading Symbols\nAIM: UFO\nFWB: I3A1\n\n29 September 2025\n\nAlien Metals Limited\n(\"Alien\", \"Alien Metals\" or \"the Company\")\n\nUnaudited Consolidated Interim Results for the six months ended 30 June 2025\nAlien Metals Limited (AIM: UFO), a minerals exploration and development company, is pleased to announce its unaudited financial results for the six months ended 30 June 2025 (the \"Period\"). The results for the Period are also available on the Company's website at www.alienmetals.uk.\n\nChairman's Statement\nThe first half of FY2025 has been a period of continued strategic progress for Alien, with the business advancing both its flagship Hancock Iron Ore Project in the Pilbara and its precious and base metals portfolio at Pinderi Hills.\n \nOur flagship Hancock iron ore project continued to grow with the successful granting of two new Exploration Leases (E47/5157 and E47/5158) adjacent to our existing leases. These leases expand the exploration area of the Hancock project by more than 50% from 41.0 km2 to 63.0km2.\n \nFollowing the grant of these leases the Company immediately undertook a detailed desktop study and field trip to execute a targeted rock chip sampling programme across these newly granted tenements, with the results of this successful field work resulting in a significant increase in the exploration target of up to 27Mt grading between 58% and 62% Fe.\n \nWork to advance the Hancock Project towards production continues, while in parallel the Company, supported by its corporate advisers Sternship Advisers, is assessing alternative strategic options for the project.\n \nIn May 2025 the Company completed a joint venture of its interest in Elizabeth Hill Silver with West Coast Silver Limited (ASX: WCE) receiving ~ US$0.6m in cash, retaining a 30% interest in the project and 30.5 million shares in WCE currently worth approximately US$4 million. Alien is free carried to decision to mine. Following re-capitalisation WCE undertook a successful drilling campaign with shallow silver intercepts showing up to 10,049 g/t Ag and has identified several high priority drill targets at Elizabeth Hill.\n \nThe Company has also received joint venture interest in the Pinderi Hills Project which is highly prospective for intrusive copper and nickel sulphide deposits at the base of...