West Coast Silver Raises $3.2M, Issues 16.8M Shares to Boost Elizabeth Hill Project
West Coast Silver has completed a $3.2 million placement, issuing over 16.8 million shares, to advance its high-grade Elizabeth Hill silver project, a historically prolific mine with significant exploration upside in Western Australia.
- Completed $3.2 million placement with 16.8 million new shares issued
- Elizabeth Hill project boasts historic high-grade silver production
- Project located in a tier 1 mining jurisdiction with exploration upside
- Company controls 180km of prospective tenure around Elizabeth Hill
- Potential processing options nearby at Radio Hill site
Capital Raise Completion
West Coast Silver Limited (ASX – WCE) has successfully completed a $3.2 million placement, issuing 16,842,105 fully paid ordinary shares. This capital injection follows the announcement made on 31 December 2025 and updates the company’s capital structure, positioning it to accelerate exploration and development activities.
Elizabeth Hill – A High-Grade Silver Legacy
The company’s flagship asset, the Elizabeth Hill silver project, is renowned for its exceptional historical grades. Between its previous mining operations, 1.2 million ounces of silver were extracted from just 16,830 tonnes of ore, averaging a remarkable 2,194 grams per tonne. This high-grade nature allowed for low processing volumes and cost-effective recovery methods, primarily through gravity separation.
Mining at Elizabeth Hill ceased in 2000 due to low silver prices at the time, but the project’s geological potential remains largely untapped. The deposit remains open at depth, and recent consolidation of the land package by West Coast Silver has expanded the exploration footprint significantly.
Strategic Location and Exploration Potential
Elizabeth Hill is situated within a tier 1 mining jurisdiction in Western Australia, offering a stable regulatory environment and infrastructure advantages. The company’s tenure now covers a contiguous 180-kilometre package surrounding the historic mine, including significant portions of the Munni Munni fault system and parallel structures considered prospective for similar high-grade silver deposits.
Additionally, West Coast Silver is exploring potential processing options at the nearby Radio Hill site, which could streamline future development and production phases.
Looking Ahead
With fresh capital secured, West Coast Silver is well-positioned to advance its exploration programs and unlock further value from Elizabeth Hill’s promising geology. The company’s strategy to leverage historical data, combined with modern exploration techniques, could reveal new discoveries and extend the life of this high-grade silver project.
Bottom Line?
West Coast Silver’s fresh funding sets the stage for renewed exploration momentum at Elizabeth Hill, with investors keenly awaiting results that could redefine the project’s future.
Questions in the middle?
- What specific exploration activities will the new capital fund and on what timeline?
- How will the recent share placement impact existing shareholders in terms of dilution?
- What are the prospects and timelines for establishing processing facilities at Radio Hill?
