Alien Metals Ltd · LSE:UFO
Alien Metals — Investor Presentation (October 2026)
34 slides from Alien Metals's investor presentation, Oct 9, 2026
Slide 1: Significant upside, disciplined approach to capital
Significant upside, disciplined approach to capital. Exposure across silver, copper, gold, PGM’s and Iron Ore Corporate Presentation October 2026 AIM | UFO Capital -light exposure with retained upside across silver, PGMs, copper -gold and iron ore
Slide 2: Disclaimer & Competent Person Statements
Disclaimer & Competent Person Statements MPORTANT NOTICE / NO OFFER 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 amendme
Slide 3: Capital-Light Value Creation Model
ALIEN METALS (AIM:UFO) Value Realisation Capital-Light Value Creation Model Acquire strategic assets → add technical value → monetise with partners → potentially retain upside. 1. Acquire / Secure 2. Add Technical Value 3. Monetise / Partner 4. Retain Upside Secure low-entry exposure to Advance geol
Slide 4: Diversified Exposure to Key Commodities
ALIEN METALS (AIM:UFO) Portfolio Diversified Exposure to Key Commodities Partner-funded JVs + retained upside + selective monetisation + disciplined acquisitions. SILVER COPPER GOLD PGMs IRON ORE • Georgina • Georgina Elizabeth Hill JV • Whundo / Munni Munni JV Pilbara Portfolio • Munni Munni JV Mun
Slide 5: Our Strategy
ALIEN METALS (AIM:UFO) Strategy Our Strategy Targeted acquisition of under-explored assets globally through: Advancing assets through technical work and project • Curated leadership team selected for their extensive transactional & operations experience development while pursuing partnerships, joint
Slide 6: Alien Assets Summary
ALIEN METALS (AIM:UFO) Alien Assets Summary WCE/GRE equity + 30% free-carried JV interests + Georgina/Hancock upside. Copper-Gold Iron Ore • 7.0% interest in WCE or • 10.1% interest in GRE or 37.9m 100% Interest in Georgina 90-100% interests in the 30.5m shares shares IOCG Project following Iron Ore
Slide 7: UFO Project Portfolio
ALIEN METALS (AIM:UFO) Portfolio UFO Project Portfolio Australian portfolio with funded JV exposure and new IOCG discovery option Silver 1 Elizabeth Hill 30% free-carried JV ~7.0% interest in West Coast Silver. PGE + Ni + Cu Munni Munni 2 30% free-carried JV + 10.1% interest in Greentech Major Plati
Slide 8: Georgina: A Low-Cost, 100%-Owned Cu-Gold Discovery Opportunity
ALIEN METALS (AIM:UFO) Georgina IOCG Georgina: A Low-Cost, 100%-Owned Cu-Gold Discovery Opportunity Alien Metals has secured a substantial land position along the interpreted eastern extension of the high-grade Tennant Creek mineral province. • A$311m Pan African transaction • 100% Owned: Alien acqu
Slide 9: Three Priority Drill Targets — Discovery Program Defined
ALIEN METALS (AIM:UFO) Georgina IOCG Three Priority Drill Targets — Discovery Program Defined Three concealed gravity targets approximately 12 km south of Barkly Homestead • Leichhardt East, Leichhardt West and Banks • Dense basement anomalies beneath cover • Limestone response removed to isolate ba
Slide 10: Leichhardt East: IOCG-Style Mineralisation Identified
ALIEN METALS (AIM:UFO) Georgina IOCG Leichhardt East: IOCG-Style Mineralisation Identified Drilling intersected mineralised ironstones, while the principal density anomaly remains unexplained Modelled Target: • Fault-bounded breccia-style target measuring approximately 200 m × 200 m × 100 m • Modell
Slide 11: Mineralised Core Supports IOCG Potential
ALIEN METALS (AIM:UFO) Georgina IOCG Mineralised Core Supports IOCG Potential Leichhardt East: Mineralisation Identified — Principal Target Remains Untested (photos compare known grades at Carrapateena with Leichhardt East core) Carrapateena, South Australia – Chalcopyrite mineralisation. Hole CAR05
Slide 12: Elizabeth Hill Silver JV with West Coast Silver
ALIEN METALS (AIM:UFO) Elizabeth Hill Joint Venture Elizabeth Hill Silver JV with West Coast Silver (ASX:WCE) WCE acquired 70% interest in Elizabeth Hill Silver Project from Alien (AIM:UFO) in March 2025 Structure • 30% free-carried interest retained • ~7.0% shareholding in West Coast Silver (ASX:WC
Slide 13: Elizabeth Hill Silver JV
ALIEN METALS (AIM:UFO) Elizabeth Hill Joint Venture Elizabeth Hill Silver JV High-grade silver system expanding beyond the current 2.8Moz Mineral Resource Key Details • Located in the Pilbara region, Western Australia – Tier 1 mining district. Access to road networks, power infrastructure, and skill
Slide 14: New Silver Discovery & Near-Surface Extensions
ALIEN METALS (AIM:UFO) Elizabeth Hill Joint Venture New Silver Discovery & Near-Surface Extensions Released August 2026 • New west-to-east drilling confirms Mineralisation mineralisation outside the April 2026 Outside MRE MRE • System remains open; results 70m expected to inform Q4 2026 MRE Minerali
Slide 15: Visible Native Silver – 26WCDD037
ALIEN METALS (AIM:UFO) Visible Native Silver – 26WCDD037 1 That’s 3.1% Ag Native Silver in Quartz-Carbonate Veining – 26WCDD037 51.95m–52.30m downhole – 0.35m @ 31,154g/t Ag Hotter the Colours the Higher the Silver Grade Oxidised Native Silver – 26WCDD037 22.2m–32.95m downhole, Visible Native Silver
Slide 16: New Deeps High-Grade Silver Zone
ALIEN METALS (AIM:UFO) New Deeps High-Grade Silver Zone Silver Trend Beneath Historical Workings Key Highlights • Three intersections now define a new target trend - • 26WCDD029: 3 m @ 524 g/t Ag from 183m, including 1.5 m @ 1,039 g/t Ag from 184.5m; • UGD084: 7 m @ 607 g/t Ag from 57m, including 2
Slide 17: Munni Munni & Whundo: PGE-Cu-Ni Growth Platform
ALIEN METALS (AIM:UFO) Munni Munni Joint Venture Munni Munni & Whundo: PGE-Cu-Ni Growth Platform 1 1 Refer GRE ASX Announcement “Investor Presentation” dated 12 May 2026 17
Slide 18: Munni Munni PGE-CU-Ni JV
ALIEN METALS (AIM:UFO) Munni Munni Joint Venture Munni Munni PGE-CU-Ni JV 4E = Platinum (Pt) + Palladium (Pd) + Rhodium (Rh) + Gold (Au) 18 3E = Platinum (Pt) + Palladium (Pd) + Rhodium (Rh)
Slide 19: Whundo Copper-Gold-Zinc Project
ALIEN METALS (AIM:UFO) Munni Munni Joint Venture Whundo Copper-Gold-Zinc Project1 UPDATE: 2026 Drilling2 • Ayshia step-out returned 4.76m @ 7.13% Cu, 1.20% Zn, 0.88 g/t Au & 29.6 g/t Ag from 367m • Including 3.44m @ 9.43% Cu, 1.59% Zn, 1.20 g/t Au & 39.7 g/t Ag • Extends mineralisation ~65m down plu
Slide 20: Alien Metals GRE / WCE Valuation
Value Realisation ALIEN METALS (AIM:UFO) Alien Metals GRE / WCE Valuation Illustrative value supported by listed equity holdings, retained JV interests and wholly owned assets Illustrative GRE Equity + JV WCE Equity + JV Georgina + Value Interest £2.8m Interest Iron Ore + + = £2.8m £8.0m ? ≥£10.8m S
Slide 21: Iron Ore Projects
ALIEN METALS (AIM:UFO) Iron Ore Iron Ore Projects Hancock Brockman Vivash Gorge . An advanced, high-grade DSO project with a This is an exciting, under-explored position A standout location with a growing list of defined resource, reserve and clear pathways with real potential to host a significant
Slide 22: Why invest?
ALIEN METALS (AIM:UFO) Investment Why invest? Capital-light exposure, retained upside and multiple value pathways 1. Experienced Leadership 2. Tier-1 Exposure 3. Capital-Light Model Deep mining, M&A, operational Exposure to silver, PGE-Cu-Ni, Partner-funded JVs advance and technical expertise copper
Slide 23: Near Term Catalysts and Outlook 2026
ALIEN METALS (AIM:UFO) Near Term Catalysts and Outlook 2026 Next 6-12 months Elizabeth Hill JV (UFO 30%) • Integrate 2026 drilling and geophysics into geological/resource models and a scoping study • Continued definition and expansion drilling • Advance technical evaluation / Scoping Study inputs •
Slide 24: Corporate Overview
ALIEN METALS (AIM:UFO) Corporate Corporate Overview Multiple value catalysts across silver and copper-gold, supported by active AIM trading liquidity Market Data 0.250 UFO | Alien Metals Silver reaches all-time 29-Jan-26 high 2-Feb-26 0.9 Shares on Issue 11.8B of ~US$121.6/oz Munni Munni JV with Gre
Slide 25: Our Leadership Team
ALIEN METALS (AIM:UFO) Leadership Our Leadership Team Michael Carter Vince Fayad Elizabeth Henson Matt Healy Paul Abbott Independent Executive Director Independent Executive Team Executive Team Non -Executive Chairman Non -Executive Director Principal Geologist Principal Geologist •20 years of capit
Slide 26: Appendix
ALIEN METALS (AIM:UFO) APPENDIX
Slide 27: Commodity Charts – Since 2024
ALIEN METALS (AIM:UFO) Commodity Charts Commodity Charts – Since 2024 Key commodity exposures supported by strong precious and base metal market trends since January 2024. Silver Platinum Copper +158% +75% +68% 140 3000 8 120 7 2500 6 100 2000 5 80 US$/oz US$/oz US$/lb 1500 4 60 3 1000 40 2 500 20 1
Slide 28: Copper and Silver: Strong Market Thematics
ALIEN METALS (AIM:UFO) Copper and Silver Copper and Silver: Strong Market Thematics Two commodities positioned at the intersection of electrification, industrial growth and constrained supply COPPER SILVER Critical to electrification and infrastructure Precious -metal value with industrial demand •
Slide 29: IOCG: Large-Scale Copper-Gold Discovery Potential
ALIEN METALS (AIM:UFO) Georgina IOCG IOCG: Large-Scale Copper-Gold Discovery Potential Alien is targeting concealed IOCG-style copper-gold systems beneath Georgina Basin cover. Olympic Dam and Ernest Henry are two of Ernest Henry Australia’s most significant IOCG deposits, demonstrating the potentia
Slide 30: IOCG Deposits: Distinctive Geophysical Signatures
ALIEN METALS (AIM:UFO) Georgina IOCG IOCG Deposits: Distinctive Geophysical Signatures Olympic Dam and Ernest Henry illustrate the magnetic and gravity responses associated with major IOCG systems. • Coincident or offset magnetic and gravity anomalies • Fault-controlled or pipe-like hydrothermal bre
Slide 31: West Coast: A Pure Silver Play
ALIEN METALS (AIM:UFO) Elizabeth Hill Joint Venture West Coast: A Pure Silver Play HIGHEST GRADE SILVER PROJECT IN AUSTRALIA LISTED ON ASX Elizabeth Hill has the highest reported silver grade within the selected ASX peer group Ultra-High Grade West Coast Silver Elizabeth Hill 617 Highest in peer gro
Slide 32: How the West Coast Silver Free Carry Works
ALIEN METALS (AIM:UFO) Elizabeth Hill Joint Venture How the West Coast Silver Free Carry Works Alien retains meaningful exposure to Elizabeth Hill while WCE funds the agreed work programme 1. Alien Retains The 2. WCE Funds The Work - 3. Alien Preserves Upside - 30% direct Partner-funded Capital - Ex
Slide 33: Munni Munni PGE JV with Greentech Metals
ALIEN METALS (AIM:UFO) Munni Munni Joint Venture Munni Munni PGE JV with Greentech Metals (ASX:GRE) 30% retained interest — GreenTech manages and funds the JV through to BFS Structure • GreenTech acquired 70% of the Munni Munni Project on 2 February 2026 • Alien retains 30% free-carried interest to
Slide 34: Contact
Significant Upside. Disciplined Capital. AIM | UFO www.alienmetals.uk Contact Vince Fayad Executive Director +61 414 752 804 ir@alienmetals.uk