Unprecedented Demand
Silver up materially over the past 5 years — trading well above US$70/oz in 2026 versus historical lows around US$5/oz when the Elizabeth Hill mine last operated.
The global silver market is experiencing significant growth, driven by record-breaking industrial demand, particularly from renewable energy and advanced technology sectors.
Silver demand reached 1.21 billion ounces in 2024 and industrial applications, particularly solar PV, continue to drive a multi-year structural supply deficit. Silver prices have since risen substantially, trading well above US$70/oz in 2026.
This demand represents a step-change versus the ~US$5/oz environment in which the Elizabeth Hill mine last operated.
Amidst this robust market, West Coast Silver’s Elizabeth Hill Silver Project is strategically positioned to capitalise on the rising demand.
With its history of high-grade silver production and potential for redevelopment, Elizabeth Hill offers a timely opportunity to contribute to the growing need for silver in the global green economy.
Industrial Applications
Renewable Energy (Solar Panels)
Australia is one of the world’s leading countries in solar energy adoption, with one of the highest per capita solar installation rates globally. Silver’s role in solar PV cells directly ties into Australia’s commitment to renewable energy and net-zero goals.
Electronics & Electronic Components
While Australia does not have a large-scale electronics manufacturing sector, the demand for consumer electronics, smart devices, and electric infrastructure is significant. Additionally, silver exports serve global tech manufacturing hubs, particularly in Asia.
Medical & Antimicrobial Uses
Australia has a well-developed healthcare system that embraces modern medical technologies, many of which incorporate silver for its antimicrobial properties. Silver’s use in medical devices and coatings aligns with Australian standards for hygiene and patient safety.
Automotive Industry
Australia is rapidly transitioning towards electric vehicles, supported by government incentives and infrastructure rollout. While local EV manufacturing is limited, Australia plays a role in the supply chain through critical minerals—including silver—that support the EV boom.
Demand Predictions
Global silver demand is surging, driven by its critical role in solar energy, EVs, and electronics. Industrial silver use rose to 680.5 million ounces in 2024, contributing to a multi-year structural supply deficit that has now extended into 2026. Silver has traded well above earlier broker forecasts.
West Coast Silver’s high-grade Elizabeth Hill Project, with its inaugural 2.8 Moz Ag MRE, is well-positioned to benefit from this market backdrop.