Elizabeth Hill Drilling Yields 21m at 1,047 g/t Silver Including 15,071 g/t Peak

Exceptional Start at Elizabeth Hill

West Coast Silver Limited has announced a striking start to its maiden drilling program at the Elizabeth Hill Silver Project, located in the Pilbara region of Western Australia. The first two drill holes returned exceptionally high-grade silver intercepts, including a breathtaking 15,071 grams per tonne (g/t) silver over one metre from just 27 metres depth. This result is part of a broader 21-metre intercept averaging 1,047 g/t silver starting at 10 metres, underscoring the near-surface potential of the deposit.

These results not only validate the historical data but also highlight the project's promise as one of Australia's premier high-grade silver assets. The inaugural drill campaign comprised 12 diamond core holes totaling 1,183 metres, with assays for the remaining eight holes expected over the coming 6–8 weeks.

Strategic Capital Raising and Leadership

Following these encouraging results, West Coast Silver successfully completed a heavily oversubscribed capital raising, securing over $6 million from institutional and sophisticated investors. The funds are earmarked for advancing exploration, resource definition, and preliminary development studies at Elizabeth Hill, as well as broader regional targeting within the company's extensive 180 square kilometre tenement package.

In a move to steer the company’s renewed focus on silver, Bruce Garlick was appointed Executive Chairman during the quarter. With over three decades of experience in mining and exploration, Garlick is tasked with leading West Coast Silver through its transition to a dedicated silver explorer and developer.

Broader Exploration and Project Portfolio

Beyond Elizabeth Hill, rock chip and soil sampling programs have identified additional zones of silver, gold, and copper mineralisation both north and south of the historic mine site. Notably, silver assays from float samples reached up to 490 g/t, suggesting further undiscovered mineralised sources potentially linked to the Munni Munni fault system.

Meanwhile, the company has streamlined its focus by terminating its lithium joint venture at Pinderi Hills, aligning exclusively with its silver exploration strategy. Other projects, including the Errabiddy Gold Project and Andover West, saw limited activity this quarter, with Falcon Metals continuing reconnaissance and soil sampling under a joint venture arrangement.

Financial Position and Outlook

West Coast Silver ended the quarter with approximately $1.4 million in cash and securities, bolstered by the recent capital raise. The company’s financial footing supports an aggressive exploration agenda, including follow-up drilling campaigns and comprehensive regional targeting. The near-surface nature of the high-grade silver mineralisation at Elizabeth Hill offers promising economics, potentially enabling low-cost extraction reminiscent of the historical mining operation that produced 1.2 million ounces of silver at an extraordinary grade of 2,194 g/t.

With assay results pending for the majority of the drill holes and ongoing geochemical programs, the market will be watching closely as West Coast Silver seeks to unlock the full potential of Elizabeth Hill and its surrounding tenements.