Slide 1: Exploration & Development Assets in World Class West Australian Pilbara
EXPLORATION & DEVELOPMENT ASSETS IN WORLD CLASS WEST AUSTRALIAN PILBARA AUGUST 2024
Slide 2: Disclaimer & Competent Persons Statement
DISCLAIMER & COMPETENT PERSONS STATEMENT 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 GUY ROBERTSON ROBERT MOSIG ELIZABETH HENSON ALWYN VORSTER CHAIRMAN NON –EXECUTIVE TECHNICAL DIRECTOR INDEPENDENT NON-EXECUTIVE DIRECTOR TECHNICAL ADVISER Guy has 40+ years corporate and mining Rob was the foundi
Slide 4: Corporate Snapshot
CORPORATE SNAPSHOT Development in the right place CAPITALISATION DATA MONTHLY SHARE PRICE Shares on Issue 7.51B GBp/share Pilbara Ports Authority Volume (M) 0.40 MoU 400 Options1 740m £2m @ 0.2p raising Warrants2 62.3m 0.35 Native Title 350 Agreement for Hancock Project Share Price (15/8/24) 0.14p 0
Slide 5: Alien's Near Term Value Drivers
ALIEN’S NEAR TERM VALUE DRIVERS Investor leverage to future exploration success and multiple commodities Multi-Commodity Exposure Ag, Ni-PGM, Iron Ore and Lithium JV funding - dilution minimised Pinderi Hills Lithium (50% Alien SUBSTANTIAL EXPLORATION AND 50% Errawarra) DEVELOPMENT UPSIDE POTENTIAL
Slide 6: The Investment Opportunity
THE INVESTMENT OPPORTUNITY A diversified project developer in a tier 1 Pilbara mining jurisdiction HANCOCK PROJECT – Fe (90%) Simple, low-cost, high-grade DSO grading 60%+ Mineral Resource 8.4Mt @ 60.20% Fe Targeting a 20 - 50Mt Global Mineral Resource Medium -term production high-grade DSO Iron Ore
Slide 7: Near Term Catalysts
NEAR TERM CATALYSTS MULTIPLE UPCOMING MILESTONES FOR VALUE UPLIFT PGM/ PGM Ni/Cu Targeting Pinderi Hills Joint Li Comprehensive Fe Fe Venture for PGM Review Pinderi Hills Targeting PGM/Ni/Cu A$4m farm-in for Hancock Finalisation Exploration 50% of Lithium exploration for of Hancock – Resource Rights
Slide 8: Iron Ore
IRON ORE WESTERN AUSTRALIA AIM:UFO | 8
Slide 9: 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 10: 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 and Miscellaneous Licence granted enabling site infrastructure access. ✓ Miscellaneous License granted enabling site accessing infr
Slide 11: 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 12: 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 13: Hancock West Project
HANCOCK WEST 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 be loc
Slide 14: Ni-PGM & Silver
Ni-PGM & SILVER WESTERN AUSTRALIA AIM:UFO | 14
Slide 15: Pinderi Hills Project Area
PINDERI HILLS PROJECT AREA A Unique, Compelling Multi-commodity and Multi-target Project, Li, Ni, Cu, PGE’s and Gold AIM:UFO | 15
Slide 16: 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 17: 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) ELIZABETH HILL (AG) One of the largest undeveloped and underexplored precious metals Historically one of Australia’s highest grade deposits in Australia silver
Slide 18: 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 • Previously tenement holdings were bifurcated and unable to realis
Slide 19: Lithium
LITHIUM WESTERN AUSTRALIA AIM:UFO | 19
Slide 20: Pinderi Hills, Munni Munni and Elizabeth Hill
PINDERI HILLS, MUNNI MUNNI AND ELIZABETH HILL New World Class Lithium District • Lithium exploration accelerated following Azure Minerals’ major 100mt Lithium Oxide discovery • Azure’s 60% of Andover was valued at $1.7b following the acquisition by Sociedad Química y Minera de Chile S.A. and Hancock
Slide 21: Why Alien?
WHY ALIEN? Undervalued, diversified portfolio of key metals in a Tier 1 jurisdiction Experienced Board and Management - with over 50 years experience in the Pilbara region Hancock Iron Ore Project expected to significantly increase in potential resource with near-term drilling • Simple build, low co
Slide 22: Appendix
APPENDIX “The Karratha Queen” Largest native silver nugget 140kg from Elizabeth Hill, at The Perth Mint
Slide 23: 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 24: Hancock Project: New Targets - South Western Ridges
HANCOCK PROJECT New Targets - South Western Ridges SOUTH WEST RIDGES • Potential for walk up drill targets and campaign • Campaign would include met test work, and downhole analysis/survey to determine density • Geotechnical work for future pit design parameters • Assess hydrology of core holes and
Slide 25: Hancock Project: New Targets - Kalgan Prospect
HANCOCK PROJECT New Targets - Kalgan Prospect MAPPING • High grade results from previous drilling campaign • Rock chips collected with up to 64% Fe (shown in pink triangles) • Geological data is interpreted as a repeat of Ridges C and E AIM:UFO | 26
Slide 26: Brockman Tenement Holdings
BROCKMAN TENEMENT HOLDINGS IOCA - A Future Iron Ore Miner BROCKMAN PROJECT Exploration Ready - Significant Potential • Project contains edge of historic BHP deposits 19 and 20 • Field work returned high grade DSO grade results including 62.8% Fe (BHP19) and 62% Fe (BHP 20) • Tenement dominated by th
Slide 27: Brockman Tenement Holdings
BROCKMAN TENEMENT HOLDINGS Maiden Exploration Campaign Ready MAPPING • The Dales Gorge Member iron units have been extrapolated onto the Company's tenement. • Limited previous exploration. • HPA in place, heritage survey completed, PoW granted. • Possible extension of BHP 20 (now held by Rio) onto t
Slide 28: Vivash Gorge
VIVASH GORGE IOCA - A Future Iron Ore Miner VIVASH PROJECT Expanding Iron Ore footprint - Highly Prospective • Vivash Gorge covers ~47km2 of highly prospective ground within the vicinity of proven resources • Maiden on site exploration campaign targeted for CY 24 • Neighbouring Fortescue Metals Grou
Slide 29: Vivash Gorge
VIVASH GORGE Preparing for a maiden exploration campaign • Limited historic work with respect to mapping/sampling and drilling • Known deposits of 96Mt and 28Mt in same stratigraphy that is contained within tenement. • Rio drilled 9 RC holes in the north eastern area and 4 RC holes in the south east
Slide 30: Pinderi Hills - Elizabeth Hill
PINDERI HILLS - ELIZABETH HILL 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. • Exp
Slide 31: Pinderi Hills - Elizabeth Hill Geological Review
PINDERI HILLS - ELIZABETH HILL Geological Review REINTERPRETATION OF PREVIOUS DRILL RESULTS • Re-examination & reinterpretation of EH data has demonstrated a far larger high-grade/high-volume mineralised envelope. • Re-analysis of historical drilling located within the newly identified mineralised e
Slide 32: Pinderi Hills
PINDERI HILLS Walk up drill targets Geochemical soil sampling Sub-audio magnetic (SAM) surveying Known walk up drill targets
Slide 33: Contact Information
CONTACT INFORMATION Guy Robertson Chairman Email: gr@alienmetals.uk AIM: UFO Frankfurt: I3A1 OTC: ASLRF @AlienMetals linkedin.com/alienmetals