Can West Coast Silver Sustain Momentum After Spectacular Elizabeth Hill Assays?
West Coast Silver has reported spectacular high-grade silver intercepts at its Elizabeth Hill project in the Pilbara, triggering a fully funded Phase 2 drilling campaign. The company closed the quarter with a strong cash position following a $6.1 million placement.
- Bonanza-grade silver intercepts exceeding 10,000 g/t Ag near surface
- Phase 2 diamond drilling commenced to define oxide continuity and test down-plunge targets
- $6.125 million placement completed, closing quarter with $5.1 million cash
- Integrated targeting identifies multiple high-priority targets along 180 km land package
- Board changes and upcoming AGM scheduled for November 2025
Exceptional Silver Intercepts at Elizabeth Hill
West Coast Silver Limited has delivered a striking set of assay results from its inaugural diamond drilling program at the Elizabeth Hill Silver Project in Western Australia's Pilbara region. The highlight was a 2-meter interval grading an extraordinary 10,049 grams per tonne (g/t) of silver from 63 meters depth, underscoring the project's potential for bonanza-grade mineralisation close to surface.
Other notable intercepts include 21 meters at 1,047 g/t silver starting from just 10 meters downhole, and multiple follow-up holes confirming the continuity and depth potential of these high-grade zones. These results validate the geological model that mineralisation is structurally controlled by the intersection of the Munni Munni fault with the granite-ultramafic contact, a setting favourable for native silver deposits.
Advancing Exploration with Phase 2 Drilling
Building on this momentum, West Coast Silver commenced a fully funded Phase 2 diamond drilling program in October 2025. This campaign, comprising approximately 14 holes totaling around 1,300 meters, aims to tighten the understanding of near-surface oxide zone continuity and to test a high-conviction down-plunge target that could represent a repeat of the Elizabeth Hill mineralisation at depth.
Complementary geophysical surveys, including transient electromagnetic and drone magnetic data, have been completed to refine upcoming aircore drilling targets scheduled for November. These integrated exploration efforts are designed to expand the footprint of high-grade silver mineralisation and support the eventual definition of a maiden Mineral Resource estimate.
Regional Growth and Strategic Land Consolidation
West Coast Silver's exploration strategy extends beyond Elizabeth Hill, with a consolidated land package of approximately 180 kilometers along the prospective Munni Munni fault corridor. Integrated targeting studies led by ERM Geoscience have identified 12 near-mine and 8 regional high-priority targets, offering multiple avenues for future discoveries of Elizabeth Hill-style deposits.
Reconnaissance rock-chip sampling around the mine site has returned silver assays up to 490 g/t, along with copper and gold anomalies, further supporting the potential for regional growth. The company has rationalised its portfolio to focus on silver, terminating a lithium joint venture to concentrate resources on advancing the Elizabeth Hill project.
Corporate and Financial Position
West Coast Silver strengthened its balance sheet during the quarter, completing a $6.125 million placement to institutional and sophisticated investors at $0.11 per share. The company ended the quarter with $5.1 million in cash, providing a solid runway for ongoing exploration and development activities.
Corporate governance updates include the appointment of Matt Birney as a Non-Executive Director and the resignation of Robert Mosig. The company’s Annual General Meeting is scheduled for 20 November 2025 in West Perth, where shareholders will consider various resolutions including the approval of placement-related securities.
Looking Ahead
With Phase 2 drilling underway and a robust pipeline of exploration targets, West Coast Silver is well positioned to unlock further value at Elizabeth Hill. The combination of exceptional assay results, strategic land consolidation, and strong financial backing sets the stage for a potentially transformative year ahead for the company and its shareholders.
Bottom Line?
West Coast Silver’s next drill results and resource updates will be pivotal in confirming Elizabeth Hill’s potential as a world-class silver deposit.
Questions in the middle?
- Will Phase 2 drilling confirm the down-plunge extension of bonanza-grade silver mineralisation?
- How soon can West Coast Silver deliver a maiden Mineral Resource estimate for Elizabeth Hill?
- What impact will the regional targets along the Munni Munni fault have on the company’s growth trajectory?