Georgina Basin Tenure and Traditional Owner Update

7 October 2026

Alien Metals Limited

(“Alien”, “Alien Metals” or the “Company”)

Georgina Basin Tenure and Traditional Owner Update

Alien Metals Limited (AIM: UFO), a minerals exploration and development company, is pleased to provide an update on tenure and stakeholder engagement at its 100%-owned Georgina Basin iron-oxide copper-gold ("IOCG") project in the Northern Territory, Australia (the "Project").

Highlights:

Vince Fayad, Chief Executive Officer of Alien Metals, said:

"This work continues to strengthen the foundations of our Georgina Basin exploration strategy. Consolidating the granted licences simplifies the tenure structure, reduces administration and allows us to plan exploration across the Project more efficiently.

"The first meeting with Traditional Owners and the Central Land Council is also an important step in progressing EL32284 and EL32965 toward grant, subject to the necessary agreements and approvals.

"At the same time, Matt’s review of historic drill core provides valuable geological context as we continue to refine and rank targets across this highly prospective IOCG province.”

Tenement amalgamations

The Northern Territory Department of Mining and Energy has completed two consolidations of granted tenure:

         EL32282 and EL32296 have been amalgamated to form EL34498; and

         EL32285 and EL32286 have been amalgamated to form EL34499.

The amalgamations do not change the Company's ownership or the surface area of the ground held. They replace four licences with two, covering the same areas under a single title in each case.

Consolidation is a routine but useful piece of tenure housekeeping. It reduces the number of annual reports, expenditure returns and renewal processes the Company must manage, and allows work programmes and expenditure commitments to be planned across a single contiguous title rather than split between adjoining licences. That is particularly relevant at Georgina, where geophysical and geological targets do not stop at historic licence boundaries.

A simpler title structure also makes land-access planning, heritage clearances and any future joint-venture or farm-in discussions easier to document.

Figure 1. The Georgina IOCG project with recent tenement consolidations labelled.

Traditional Owner meeting

Exploration Licence Applications EL32284 and EL32965 lie on Aboriginal freehold land and cannot be granted until an access and exploration agreement is in place with the relevant Traditional Owners, through the Central Land Council ("CLC").

Mr Healy attended the first meeting with Traditional Owners in Tennant Creek, facilitated by the CLC. The purpose was to introduce the Company, outline the nature of the applications and the exploration work that would be proposed following grant, and begin the consultation required under the Aboriginal Land Rights (Northern Territory) Act 1976.

The Company regards the meeting as the opening step toward an agreement with the Wakaya Aboriginal Land Trust ("Wakaya"). Subject to those discussions and the consent of Wakaya, and to the usual regulatory processes, an executed agreement would allow the applications to proceed to grant. EL32284 is interpreted to contain rocks of the Warramunga Formation, the host sequence to the high-grade gold and copper deposits of the Tennant Creek mineral field, and previous work by SRK Consulting identified magnetic alteration, interpreted fluid pathways and associated gravity highs within the application area. No on-ground exploration may be undertaken on either application until grant and until all required approvals and clearances are in place.

Figure 2. Alien Metals Project Director outside the Central Land Council in Tennant Creek, the location of the first meeting with the Wakaya Aboriginal Land Trust regarding ELA32284 and ELA32965.

Core library

While in the Territory, Mr Healy took the opportunity to visit the Northern Territory Government core library in Alice Springs and reviewed core from NDIBK10 and CWDD004, two publicly documented holes near the Project.

NDIBK10 was drilled in 2020 as part of the MinEx CRC National Drilling Initiative East Tennant campaign, funded under Geoscience Australia’s Exploring for the Future programme. The campaign comprised ten stratigraphic holes, totalling nearly 4,000 metres, designed to test basement concealed beneath Georgina Basin cover along the East Tennant corridor. NDIBK10, about 200 kilometres east of Tennant Creek, was sited on a low magnetic and gravity corridor later named the Brunette Downs Rift Corridor.

It was planned to intersect shallow basement but instead drilled sedimentary rocks of previously uncertain affinity beneath the Helen Springs Volcanics, with the base of the volcanics reported at about 297 metres and basement at about 724 metres. Subsequent work interpreted the sequence below the volcanics as occupying a small half-graben, with maximum depositional ages supporting a Neoproterozoic, pre-Cambrian Georgina Basin affinity for the upper unit. HyLogger mineralogy, wireline logs and whole-rock geochemistry for the hole are open file through the Northern Territory Geological Survey and Geoscience Australia. The hole is relevant to Georgina because it constrains cover thickness, basement type and the architecture of the concealed East Tennant province on the margin of the Company’s tenure.

Figure 3. Hematite (iron oxide mineral) altered rocks in National Drilling Initiative hole NDIBK10.

CWDD004 was drilled by Middle Island Resources Limited at the Crosswinds prospect on its Barkly project in 2022, targeting aeromagnetic and induced-polarisation anomalies beneath a surface malachite occurrence, where Middle Island had previously reported a 130-metre trench interval grading 0.75 per cent copper, located along strike of regional-scale faults only 1.3 km from the eastern boundary of Alien Metals tenement EL33375, where previous drilling intersected elevated copper, uranium, bismuth and silver associated with iron-rich rocks. The core provides valuable geological context for the central area of the Alien tenement package at Georgina, where three advanced targets are situated.

The review forms part of the Company’s compilation of open-file drilling and will be used to refine geological interpretation ahead of the next phase of target ranking.

Figure 4. Alien Metals Project Director with drill core from Middle Island Resources hole CWDD004.

Next Steps

The Company continues its project-wide review and ranking of the Georgina Basin prospects, from early-stage opportunities through to advanced targets. The Company would also like to advise that the submission timeframe for the 2027 BHP Xplor programme has been postponed from October 2026 until March 2027. The Company maintains its intent to apply for BHP Xplor funding.

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

Alien Metals Limited

Vince Fayad

Email: [email protected]

Strand Hanson (Financial and Nominated Adviser)

James Harris / James Dance / Edward Foulkes

Tel: +44 (0) 207 409 3494

Turner Pope (Broker)

Andy Thacker / Guy McDougall

Tel: +44 (0) 203 657 0050

IFC Advisory (Financial PR and Investor Relations)

Tim Metcalfe / Graham Herring / Zach Cohen

Tel: +44 (0) 203 934 6632

Notes to Editors

Alien Metals Limited is a minerals exploration and development company quoted on the AIM market of the London Stock Exchange (AIM: UFO). The Company follows a balanced strategy focused on advancing and strengthening its asset portfolio through targeted technical work and project development, while evaluating partnerships, joint ventures and selective monetisation opportunities to enhance shareholder value. Alien will also continue to consider carefully selected acquisition opportunities consistent with the Board’s disciplined investment criteria.

Alien’s 100%-owned Georgina Basin IOCG Project comprises approximately 2,500 km² of tenure in the East Tennant region of the Northern Territory. The Project includes five granted exploration licences and three exploration licence applications, an extensive historical technical dataset, more than 90 conceptual IOCG targets and three advanced prospects associated with significant gravity anomalies.

Alien additionally retains exposure to two advanced precious and base metal assets in the Pilbara. At Munni Munni, one of Australia’s largest PGM systems, a historical estimate of 2.2 Moz[1] of platinum-group metals and gold has previously been reported. The Company has completed its partial asset sale and joint venture transaction with GreenTech Metals Ltd, under which Alien retains a 30% interest, free-carried to completion of a bankable feasibility study, and also holds 37.9 million shares in GreenTech Metals Ltd. Alien, through a wholly owned subsidiary, also retains a 30% interest in the Elizabeth Hill Silver Project pursuant to a joint venture with Crest Silver Pty Ltd, a wholly owned subsidiary of West Coast Silver Limited. The joint venture encompasses the Elizabeth Hill Mining Lease M47/342, which produced some of Australia’s highest-grade silver ore during the late 1990s. Alien’s 30% interest is free-carried until West Coast Silver announces a Decision to Mine. Alien also holds 30.5 million shares in West Coast Silver Limited, providing both direct project exposure and equity participation in the project’s ongoing exploration and development.

Competent Persons’ Statements

The information in this announcement relating to the Georgina Basin Project is based on information compiled by Mr Matthew Healy, a Competent Person who is a Member of The Australasian Institute of Mining and Metallurgy (AusIMM Member number 303597). Mr Healy is Project Director of Alien Metals and is eligible to participate in share-based incentive schemes of the Company. Mr Healy has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves” (JORC Code). Mr Healy consents to the inclusion in this announcement of the matters based on his information in the form and context in which it appears.