Slide 1: Australian Tier 1 Critical Mineral Assets for a Changing World
AUSTRALIAN TIER 1 CRITICAL MINERAL ASSETS FOR A CHANGING WORLD MAY 2025
Slide 2: Disclaimer & Competent Person Statements
DISCLAIMER & COMPETENT PERSON STATEMENTS The information in this presentation (the “Presentation”) relating to Alien Metals Ltd (the “Company”) has been prepared by the Company and may be subject to material updates, revision and further amendment. This Presentation is not a prospectus or an admissi
Slide 3: Board and Executive Management
BOARD AND EXECUTIVE MANAGEMENT Recognised Experts with a proven track record of delivery Elizabeth was a senior international tax partner for Guy has 40+ years corporate and mining experience. He has held numerous PricewaterhouseCoopers LLP (PwC), based in London, where she executive positions and h
Slide 4: Corporate Snapshot
CORPORATE SNAPSHOT Development in the right place CAPITALISATION DATA (13/5/2025) MONTHLY SHARE PRICE Shares on Issue 7.58B GBp/share Volume (M) 0.250 600 Options1 691m Warrants2 78.8m 500 0.200 Share Price 0.085p 400 Market Cap £6.4m 0.150 Avg. Daily Volume 40m 300 0.100 200 SIGNIFICANT SHAREHOLDER
Slide 5: Three Core Assets
THREE CORE ASSETS Disconnect between broker valuation and current market capitalisation PINDERI HILLS MUNNI MUNNI PLATINUM GROUP METALS £44M1 HANCOCK >2Moz PGMs 31% IRON ORE PROJECT High grade areas to be £86M1 explored Broker >8Mt Reserve versus Valuation Near-term production Market Cap3 = £6.4m £1
Slide 6: The Broader Investment Opportunity
THE BROADER INVESTMENT OPPORTUNITY A diversified project developer in a tier 1 Pilbara mining jurisdiction HANCOCK PROJECT – Iron Ore (90%) Simple, low-cost, high-grade DSO grading 60%+ Mineral Resource 8.4Mt @ 60.20% Fe Targeting increase in Global Mineral Resource Medium -term production high-grad
Slide 7: Near Term Value Drivers
NEAR TERM VALUE DRIVERS Investor leverage to future exploration success and multiple commodities “The Karratha Queen” Largest native silver nugget 140kg from Elizabeth Hill, at The Perth Mint Multi-Commodity Exposure Ag, Ni-PGM, Iron Ore and Lithium JV funding - dilution minimised Elizabeth Hill (30
Slide 8: Key Milestones Achieved in 2024 & H1 2025
KEY MILESTONES ACHIEVED IN 2024 & H1 2025 Progress made in 2024 sets Alien up for success in 2025 Hancock Iron Ore Development Study results Hancock Mining Lease Granted – 21 years and execution of Heritage Agreements with the traditional owners1 Ethnographic survey of heritage sites close to propos
Slide 9: Near Term Catalysts & Outlook
NEAR TERM CATALYSTS & OUTLOOK Fast tracking the exploration and development of the Hancock DSO Iron Ore Project KEY CATALYSTS IN THE COMING WEEKS: ❑ West Coast Silver (formerly named Errawarra Resources) Shareholder Approval on 19th May 2025 ❑ Drilling commencing at Elizabeth Hill drill targets in t
Slide 10: Hancock Iron Ore Project
HANCOCK IRON ORE PROJECT PILBARA REGION WESTERN AUSTRALIA AIM:UFO | 10
Slide 11: The Last Real Junior Iron Ore Opportunity?
THE LAST REAL JUNIOR IRON ORE OPPORTUNITY? Perfectly positioned in a competitive and active iron ore M&A market M&A BOOM LAST 12 MONTHS 2024/2025 What’s driving this M&A Activity? Global Demand: China and other Asian economies continue heavy steel production, driving iron ore demand. Asset Quality:
Slide 12: Iron Ore Company of Australia
IRON ORE COMPANY OF AUSTRALIA IOCA 100% owned by Alien, A Future Iron Ore Miner HANCOCK IRON ORE PROJECT A Future Mine - In The Heart Of The Best Iron Ore Country In The World • 17km from Newman, a major BHP/ RIO mining hub • 412km from the deep-water Port of Port Hedland by road • Potential for low
Slide 13: Hancock Project
HANCOCK PROJECT A future iron ore mine • Surrounded by multiple world class deposits • Achievements to date: ✓ Project Mining Agreement executed with Traditional Owners. ✓ Miscellaneous License granted enabling site accessing infrastructure to be constructed. ✓ Heritage Partnership Agreements execut
Slide 14: Hancock Project
HANCOCK PROJECT Expanding iron ore footprint, significant upside, simple operation • Total JORC Resource: 8.4Mt @ 60.20%Fe • Mining Inventory: 3.9Mt @ 58.5%Fe (includes Ore Reserves of 1.9Mt @ 60.2%Fe • IOCA has a total strategic landholding of over 75km2 (7,565 hectares) at Hancock Project • Develo
Slide 15: Hancock Project Development Study Economics & Demonstrated Upside
HANCOCK PROJECT Development Study Economics & Demonstrated Upside • Shifting from immediate development to expansion of the Hancock Project via exploration • Base Case assumes ▪ Mine rate of 1.25 million tonnes per annum over 6 years ▪ Near 1:2.2 Strip Ratio on Ridge orebodies and 1:0.8 on Sirius Ex
Slide 16: Hancock Extension Project
HANCOCK EXTENSION PROJECT New iron ore target next door with significant exploration upside • Mallina Target, west of Hancock Mining Lease Application Sirius Deposit 100mt + 60% Fe (Minres/Brockman JV) ▪ Target identified - underlying stratigraphy is a classic host for further iron ore deposits to b
Slide 17: Ni-PGM & Silver
Ni-PGM & SILVER WESTERN AUSTRALIA AIM:UFO | 17
Slide 18: Pinderi Hills Project Area
PINDERI HILLS PROJECT AREA A unique, compelling multi-commodity and multi-target area for Li, Ni, Cu, PGM and Gold AIM:UFO | 18
Slide 19: Munni Munni Complex
MUNNI MUNNI COMPLEX World Class District potential for a major Ni-Cu-PGE Discovery • Strategic 180km2 tenement area within the high- Pilbara Craton – Munni Munni Complex priority Munni Munni Complex (100%) • Alien’s Mineral Resources include PGM and Silver • The government Dept has defined Munni Mun
Slide 20: Ni-Cu-PGM & Silver
Ni-Cu-PGM & Silver The right minerals, the right time, the untapped potential, the time to progress is now PINDERI HILLS (NI, CU AND PGM’S) (100%) ELIZABETH HILL (AG) (30%) One of the largest undeveloped and underexplored precious metals Historically one of Australia’s highest grade deposits in Aust
Slide 21: Pinderi Hills
PINDERI HILLS Multiple Li-Ni-PGE’s and Gold targets found (180km2 ) • First time in 30 years the Munni Munni and Elizabeth Hill projects and the surrounding area (Pinderi Hills) have been consolidated into a single coherent tenement • Previous tenement holdings were bifurcated and unable to realise
Slide 22: Why Alien?
WHY ALIEN? Undervalued, diversified portfolio of key metals in a Tier 1 jurisdiction • Hancock Iron Ore Project expected to significantly increase in potential resource • Simple build, low cost and medium-term iron ore production and revenue • Pinderi Hills – A renewed focus on exploration and devel
Slide 23: Contact Information
CONTACT INFORMATION Guy Robertson Chairman Email: gr@alienmetals.uk AIM: UFO Frankfurt: I3A1 OTC: ASLRF @AlienMetals linkedin.com/alienmetals
Slide 24: Appendix
APPENDIX “The Karratha Queen” Largest native silver nugget 140kg from Elizabeth Hill, at The Perth Mint
Slide 25: Hancock Project Reserves and Resources
HANCOCK PROJECT Reserves and Resources Average Value Mass Classification Category Prospect (million tonnes) Fe % SiO2 % Al2O3 % P% LOI % Mn % Sirius Extension 2.8 59.8 3.9 4.09 0.17 5.4 0.05 Indicated Ridge C 0.7 60.9 4.9 3.27 0.12 3.7 0.03 Ridge E 1.0 61.0 5.2 3.30 0.12 3.4 0.02 Sub Total - Indicat
Slide 26: Elizabeth Hill Joint Venture Highlights
ELIZABETH HILL- JOINT VENTURE HIGHLIGHTS1 Alien retains 30% of Elizabeth Hill and 12.1% of Equity in West Coast Silver2 Joint Venture Overview Conditions Precedent • JV Partner: Errawarra Resources Ltd (ASX:ERW) (to be renamed Completion of due diligence by Errawarra West Coast Silver ASX: WCE) •
Slide 27: Pinderi Hills - Elizabeth Hill (30%)
PINDERI HILLS - ELIZABETH HILL (30%) Poised to reclaim its crown as Australia’s highest-grade Silver Mine • Re-interpretation of Elizabeth Hill geological model extended area of known mineralisation demonstrate potential for a high-grade bulk tonne silver rich polymetallic orebody at Elizabeth Hill.
Slide 28: Appendix - References
APPENDIX - REFERENCES Slide 4 1. https://finance.yahoo.com/quote/UFO.L/ Slide 13 1. https://company-announcements.afr.com/asx/czr/5af10e81-1667-11f0-bb1c- e255c178350a.pdf 2. https://announcements.asx.com.au/asxpdf/20250225/pdf/06fwvhzglrkz52.pdf 3. https://wcsecure.weblink.com.au/pdf/CZR/02761862.p