West Coast Silver Raises $3.2M at $0.19 to Fund 2026 Drilling and Assays

Strategic Capital Raise to Fund Exploration

West Coast Silver Limited (ASX, WCE) has successfully secured $3.2 million through a placement of fully paid ordinary shares to institutional and professional investors, led by CPS Capital Group. This capital injection is designed to underpin an ambitious exploration program at the Elizabeth Hill Silver Project throughout 2026.

The placement shares were issued at $0.19 each, representing an 11.9% discount to the recent volume-weighted average price, reflecting investor confidence in the company’s near-term prospects. The funds will primarily support ongoing drilling, assay processing, and follow-up exploration activities, as well as regional target evaluation aimed at discovering additional silver deposits similar to Elizabeth Hill.

Unlocking Untapped Potential at Elizabeth Hill

Elizabeth Hill stands out as one of Australia’s highest-grade silver projects, with a remarkable historical production of 1.2 million ounces from just under 17,000 tonnes of ore at an extraordinary grade exceeding 2,000 grams per tonne. Mining ceased in 2000 due to low silver prices at the time, but the project’s potential remains largely untapped, with the deposit open at depth and recent land consolidation expanding exploration opportunities.

West Coast Silver’s tenure covers a significant portion of the Munni Munni fault system, a geological structure considered highly prospective for repeat silver deposits. The company’s strategy includes leveraging expert geological input during planned technical site visits in early 2026 to refine exploration priorities and accelerate target generation.

Near-Term Catalysts and Market Positioning

Investors can anticipate assay results early in the new year, which will provide critical insights into the mineralisation encountered during recent drilling. These results, combined with the upcoming technical site visits, are expected to deliver a steady flow of news and maintain market interest.

Executive Chairman Bruce Garlick highlighted the strong backing from both existing and new investors, noting that the company is well-positioned to capitalise on a supportive silver price environment. The strengthened balance sheet ensures West Coast Silver can maintain momentum and pursue an active, well-funded exploration agenda throughout 2026.