How Will West Coast Silver’s $6.2M Review Unlock Elizabeth Hill’s Potential?
West Coast Silver Limited is undertaking a detailed technical review at its Elizabeth Hill Silver Project to refine exploration targets and development plans for 2026, supported by a solid $6.2 million cash reserve.
- Technical workshops with ERM and geological experts underway
- Review follows recent successful diamond drilling results
- Focus on refining drill targets and advancing geological models
- Elizabeth Hill project holds historically high silver grades
- $6.2 million cash supports planned 2026 exploration program
Technical Review Underway to Shape Exploration
West Coast Silver Limited (ASX, WCE) has initiated a comprehensive technical review at its Elizabeth Hill Silver Project, involving specialist consultants and the environmental consultancy ERM. This review, conducted between 4 and 7 February 2026, aims to consolidate recent drilling results, geological data, and historical records to sharpen the company’s exploration strategy for the year ahead.
The timing follows the announcement of highly encouraging diamond drill assay results on 4 February, which have provided fresh impetus to the project’s development prospects. The review sessions are designed to refine priority drill targets, enhance geological and structural models, and identify new opportunities for resource expansion.
Elizabeth Hill’s Rich Silver Legacy and Potential
Elizabeth Hill is renowned as one of Australia’s highest-grade silver projects, with a production history that includes 1.2 million ounces of silver extracted from just under 17,000 tonnes of ore at an extraordinary grade of 2,194 grams per tonne. Mining ceased in 2000 due to low silver prices at the time, but the project’s geological potential remains compelling.
Recent consolidation of the surrounding land package into a contiguous 180 square kilometre holding has expanded exploration opportunities, particularly along the prospective Munni Munni fault system and parallel structures. The deposit remains open at depth, suggesting untapped potential for further discoveries.
Funding and Forward Strategy
West Coast Silver holds approximately $6.2 million in cash, providing a solid financial foundation to execute its planned 2026 exploration and technical programs. The outcomes of the current technical review will underpin the company’s forward work program, including prioritising near-mine and regional drill targets and progressing towards an updated JORC-compliant Mineral Resource Estimate.
While the nearby Radio Hill processing facility offers a potential processing option, no formal agreement is currently in place, leaving future development pathways open but uncertain. The company has committed to providing further guidance on its exploration plans once the review is complete.
Bottom Line?
West Coast Silver’s methodical approach and strong cash position set the stage for a pivotal year at Elizabeth Hill, with market eyes on upcoming exploration milestones.
Questions in the middle?
- What specific drill targets will emerge from the technical review?
- Will West Coast Silver secure a processing agreement at Radio Hill?
- How soon can investors expect an updated Mineral Resource Estimate?
