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West Coast Silver Limited (ASX:WCE)

ALERT: Price-sensitive ASX Announcement for WCE
Current share price for WCE : $0.097 -0.038 (-28.15%)+
Announcement
Release
6 May 2026 8:17AM
Price at Release
$0.135
Full Release
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Summary
West Coast Silver Limited has outlined a Growth & Development Plan for the Elizabeth Hill Silver Project, targeting a transition to a near-term, high-margin operation. The project leverages its granted mining lease and historical production to fast-track development, supported by an inaugural JORC 2012 compliant Mineral Resource Estimate. The strategy includes resource expansion through extensive drilling and metallurgical testing, with an emphasis on capitalizing on the high-grade, low-tonnage deposit. Exploration efforts focus on the Munni Munni Fault, with additional targets slated for testing in 2026, aiming to establish Elizabeth Hill as a premier silver project with rapid payback potential.
Key Points
  • Elizabeth Hill Project aims to unlock silver resource value and transition to a high-margin operation.
  • The project features a high-grade, low-tonnage open pit with a rapid payback pathway.
  • A granted mining lease and historical production support a fast-tracked development.
  • The 2026 drilling program includes expansion and resource conversion to enhance resource confidence.
  • The project is open at depth and lateral extensions, presenting additional exploration opportunities.
  • Significant exploration potential along the Munni Munni Fault, with new targets being tested in 2026.
  • Plans for a low capital, high-return development due to high-grade silver and simple metallurgy.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.