Alien Metals Limited to provide an update covering the activities and exploration works currently being undertaken at the Project. The work program to date has focused on first-pass reconnaissance, mapping and sampling and comprises the following: Reconnaissance soil (100m x 400m grid), stream sediment, and rock chip sampling comprising 1,017 samples completed. Photogrammetry completed over the NE portion of E47/4422.

A historical drone survey is being reprocessed to assist in the targeting of pegmatites. Completing surface mapping and sampling of pegmatites. All samples have been dispatched to Australian Laboratory Services Perth ("ALS") for analysis with the full assay results anticipated to be available by the end of July 2024.

After all sample results are received and interpreted, a follow-up program will be planned and is expected to be implemented during Fourth Quarter 2024. In addition, Alien is focusing on: Finalising approvals for the Hancock and Mallina projects to commence exploration work with a strategy to increase existing resources and reserves to 20 - 50 Mt. The current resource stands at 8.4Mt @ 60.20% Fe.

Continuing to build a positive, ongoing partnership with the traditional owners, Karlka Nyiyaparli Aboriginal Corporation RNTBC, as the mining development work progresses. Planning further works on country heritage surveys in H2 2024. Discussions with various parties and field analysis to start exploration work.

Undertaking bulk sample collection for testing to end users e.g. steel mills. Engineering and transport logistic disciplines remain well advanced and scoped for mining, crushing, road haulage, and port loading, with the intent to further develop them and move towards a tender process.