Alien has released two significant news announcements in as many weeks. On 3rd July it delivered on two of the near-term catalysts it identified back in May 2025, when undertaking a £1m (gross) equity placing (‘the Placing’) in anticipation of accelerating development of its Hancock Iron Ore Project (‘the Project’). Today, its joint venture partner, West Coast Silver Limited (ASX: WCE), has confirmed the return of exceptional silver assays from initial drill holes at the Elizabeth Hill Silver Project (‘Elizabeth Hill’ or ‘the JV Project’). Interestingly, WCE’s current market valuation is AUD$25m*, based on which Alien’s 30% free-carried participation in the JV Project plus its direct WCE shareholding, is valued at £6.7m, or >80% of Alien’s market capitalisation. With its recently strengthened balance sheet, the Group is positioned to unlock further near-term catalysts across its highly prospective/high impact projects in the Western Australia’s Pilbara region. Alien remains focused on unlocking value from its Projects and Joint Ventures, while preserving shareholder capital through targeted exploration and non-dilutive partnerships.