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Alien Metals shares rose 13% to 0.16p after its joint venture partner, West Coast Silver, requested a trading halt on the ASX ahead of an anticipated announcement of a JORC mineral resource estimate for the Elizabeth Hill silver project in Western Australia's Pilbara region. West Coast is operating the programme at Elizabeth Hill, in which Alien holds a 30% interest. The trading halt will remain in place until West Coast releases its resource announcement or until the commencement of trading on 22 April, whichever is earlier. Elizabeth Hill has a proven production history, having yielded 1.2 million ounces of silver from just 16,830 tonnes of ore at a head grade of 2,194 grams per tonne before operations ceased in 2000 when silver prices fell to $5 per ounce. A six-hole diamond drilling programme launched earlier this year was the first systematic test of silver mineralisation at depth along the Munni Munni Fault, the primary structural control on high-grade silver at the site. Assay results from current reverse circulation and diamond drilling are expected progressively through the second quarter of 2026. Results to date have supported continued aggressive exploration, with work advancing toward the JORC-compliant mineral resource estimate now anticipated, positioning Elizabeth Hill as one of the more compelling high-grade silver exploration assets in Australia. Alien also holds a 90% stake in the Hancock iron ore project in Western Australia's central Pilbara region, which contains a JORC-compliant resource of 8.4 million tonnes at 60% iron.
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