Experienced Mining Team To Advance Hancock

Trading Symbols

AIM: UFO FWB: I3A1

9 April 2025

Alien Metals Limited

("Alien" or the "Company")

Experienced Mining Team Appointed to Advance Hancock Iron Ore Project

Alien Metals Limited (AIM: UFO), a minerals exploration and development company, is pleased to announce the appointment of a highly experienced mining executive to enhance the Company's leadership team as it advances the development of its portfolio of projects. This appointment underscores Alien Metals' commitment to expediting and developing its various projects in Western Australia and delivering value to shareholders.

Appointment of General Manager Project Development 

The Company is pleased to appoint Mr. Christopher Maiolo as General Manager Project Development, effective immediately. Christopher brings over 15 years of mining and construction experience across Australia, with a proven track record in project management, development, and execution across multiple commodities and industries, including iron ore. Notably, Christopher has previously worked in the Pilbara delivering projects for some of WA's major iron ore exporters and has a proven history of delivering complex projects in remote areas. Christopher holds a Bachelor of Engineering (Civil) (First Class Honours) from the University of South Australia and postgraduate qualifications in project management.

In his role as General Manager Project Development, Christopher will oversee the advancement of all Alien Metals' key assets, including the Hancock Iron Ore Project, Brockman and the Vivash deposits in Western Australia. Working alongside Alien's technical teams and strategic advisers, he will be responsible for ensuring optimal development strategies are pursued and implemented across the Company's iron ore portfolio.

Strategic Project Workstreams and Ongoing Sternship Corporate Advisory Role

As part of his appointment, Christopher will undertake a review of the various strategic alternatives which have been mapped out for these assets, including the development status of Hancock and the development pathways for Brockman and Vivash. 

A team of experienced mining engineers and geologists have now been engaged with extensive mine-building expertise, including major iron ore project development experience with the major Hamersley iron ore companies. The team will work with Christopher to confirm the optimum pathway to moving these assets forward to development.

Alien Metals continues to work closely with Sternship Advisers, a leading Perth-based corporate advisory firm, to assess ongoing M&A and JV interest in relation to the Hancock Iron Ore Project. Sternship's appointment was announced on 19 March 2025, and they remain actively engaged in facilitating potential transactions that can accelerate development and unlock value for shareholders.

Guy Robertson, Executive Chairman, commented:

"We are excited to welcome Christopher to Alien Metals at this pivotal time for the Company. Christopher's extensive expertise in project delivery and working closely with our strategic advisors specialising in iron ore will be invaluable as we accelerate the development of our assets and build on the substantial amount of work that has been completed to date on Hancock. This appointment reflects our commitment to assembling a world-class team to unlock the full potential of our portfolio."

For further information, please visit the Company's website at www.alienmetals.uk or contact:

Strand Hanson (Financial and Nominated Adviser)

James Harris / James Dance / Robert Collins

Tel: +44 (0) 207 409 3494

Zeus Capital Limited (Joint Broker)

Harry Ansell / Katy Mitchell

Tel +44 (0) 203 829 5000

CMC Markets (Joint Broker)

Douglas Crippen

Tel: +44 (0) 203 003 8632

Yellow Jersey (Financial PR)

Charles Goodwin / Shivantha Thambirajah / Zara McKinlay

Tel: +44 (0) 203 004 9512

Notes to Editors

Alien Metals Limited is a mining exploration and development company listed on the AIM market of the London Stock Exchange (AIM: UFO). The Company's focus is on delivering a profitable direct shipping iron ore operation from it 90% Hancock iron ore project in the central Pilbara region of Western Australia. The Hancock tenements currently contain a JORC-compliant resource of 8.4Mt iron ore @ 60% Fe and offers significant exploration upside which is targeted to deliver a mining operation of 2Mtpa for 10 years.

These Hancock Project tenements have direct access to the Great Northern Highway, which provides an essential export route to export facilities at Port Hedland, from where more than 500Mt of iron ore is exported annually (30% of global production). The Company also has an interest in two iron ore exploration projects Brockman and Vivash, located in the West Pilbara.

The Company owns the Elizabeth Hill Silver Project, located near Karratha in the Pilbara, which consists of the Elizabeth Hill Mining Lease and exploration tenements surrounding the historical silver mine which has produced some of Australia's highest-grade silver ore during the late 1990's. The Company also owns one of Australia's largest PGM deposits, Munni Munni which hosts a deposit containing a historic resource of 2.2Moz PGM (Palladium, Platinum, Gold, and Rhodium).