Alien Metals Ltd. has entered into a conditional agreement to acquire a 100% interest in the former-producing Elizabeth Hill silver project in Western Australia from Karratha Metals Group. The project was mined from 1998 to 2000, extracting ore from a small but very high-grade silver deposit. Mine production totaled approximately 16,800 metric tons (mt) of ore grading 2,195 grams/mt silver, containing 1.17 million ounces (oz) of silver, including some very large specimens of native silver.
The Elizabeth Hill project is located about 40 kilometers (km) from the deep-water port at Dampier, Western Australia, and 8 km from rail infrastructure. Grid power and groundwater are available on site.
Native silver and lesser amounts of silver sulphide minerals occur as both fine and coarse grains within a coarse-grained calcite vein stockwork. Historic exploration totaled 50,000 meters (m) in 470 holes.