Elizabeth Hill New High Grade Silver Discovery
Released
Released
Announcement PDF
ASX:WCE ANNOUNCEMENT
9 July 2026
WEST COAST SILVER LIMITED
ASX | WCE
ACN: 155 472 834
REGISTERED OFFICE
Level 2, 10 Ord Street
West Perth, WA 6005
PO Box 1227, West Perth
WA 6872, Australia
info@westcoastsilver.com.au
+61 8 9322 3383
westcoastsilver.com.au
ASX:WCE ANNOUNCEMENT
9 July 2026
Elizabeth Hill high grade silver discovery and near
surface mineralisation extension
• Recently returned diamond drilling (DD) assays from below and south of the Elizabeth Hill historical
silver workings have intersected:
o 3m @ 524g/t Ag from 183m; including 1.5m @ 1,039g/t Ag from 184.5m in diamond drill hole
26WCDD029.
• This diamond drill hole confirms a new, still to be fully defined, discrete zone of silver
mineralisation, below and separate from the previously mined Elizabeth Hill orebody.
• The new drill intersection ties together historical drill intersections of 7m @ 607g/t Ag from 57m
(including 2m @ 1,995g/t Ag from 61m) in underground drill hole UGD0841
; and 4m @ 223g/t Ag from
190m in surface drill hole AG33, to define an approximately 50m long, north-south, sub-horizontal,
mineralised trend beneath and to the south of historical mine workings.
• Massive sulphides were also intersected in hole 26WCDD029, which targeted an off-hole
electromagnetic (EM) conductor from 25WCDD025 returning:
o 2.73% Ni, 0.93% Cu and 0.7g/t Pd over 0.45m from a depth of 154.87m down hole.
• Final assays from 2026 RC extension drilling continued to increase the scale of silver
mineralisation north and west of the Elizabeth Hill maiden MRE (April 2026).
• Best RC intersections received include:
o 44m @ 26g/t Ag from surface (including 31m 30g/t Ag from 3m) in 26WCRC020.
o 41m @ 23g/t Ag from 1m and ending in mineralisation in 26WCRC019.
o 12m @ 15g/t Ag from 31m ending in mineralisation in 26WCRC025.
• Reverse circulation (RC) drill hole assays have extended a broad near-surface mineralisation zone
outside of the Elizabeth Hill mineral resource estimate (MRE) reported in April 2026.
• Exploration diamond drilling at Elizabeth Hill is progressing through the final planned holes, with further
assays expected to be progressively reported through July and August.
1
Using 10 g/t Ag cut off on assay data contained within Appendix 2 of ASX Announcement dated 9 October 2025.
Highlights
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Figure 1. Photograph of cut half HQ3 drill core from 184.5m to 186.0m in 26WCDD029 showing the high grade silver
mineralisation (1.5m @ 1,039g/t Ag) in pyroxenite host rock in the newly interpreted mineralised zone offset from
the Munni Munni Fault. Yellow arrows point to fine grained (<1mm) silver mineralisation.
West Coast Silver Limited (ASX: WCE) (‘West Coast Silver’ or the ‘Company’) is pleased to report it has
received results from diamond drilling with high-grade silver and base metal intersections. The Company has also
received significant assay results for the last 15 of 32 reverse circulation (RC) drill holes completed in May 2026 at
the Elizabeth Hill Project (WCE 70%, Alien Metals 30%), located near Karratha in the Pilbara region of Western
Australia.
The 32 RC hole program (2,710m) targeted silver mineralisation north of the April 2026 maiden Mineral Resource
Estimate (MRE), with results to date indicating significant extensions beyond the current resource envelope.
Diamond drilling continues to test for extensions to, and infill of, the MRE, while economic studies of near-surface
mineralisation are progressing towards a Scoping Study. Refer to previous ASX Announcements from the Company
regarding details of previous exploration results included in this announcement.
Executive Chairman Bruce Garlick commented:
"We are excited by the outcomes of these diamond and RC drilling campaigns at Elizabeth Hill and Elizabeth Hill
North. The identification of high-grade silver at depth in 26WCDD029 (3m @ 524g/t Ag from 183m; including 1.5m
@ 1,039g/t Ag from 184.5m) and broad, near-surface silver zones of up to 44m downhole extent, together with
mineralisation extending beyond the current resource boundary, demonstrates the increasing scale of the
Elizabeth Hill silver system and reinforces its significant resource growth potential.
The extension of mineralisation beyond the April 2026 MRE, to the north, west and at depth, has the potential to
add new silver ounces and tonnes in the next MRE update. Importantly, the intersection of silver mineralisation
hosted in granite expands the prospectivity of the system beyond a single rock type, and the alteration patterns
observed provide the exploration team with a robust tool for targeting higher-grade zones.
The intersection of nickel (Ni), copper (Cu) and palladium (Pd) in 26WCDD029 (0.45m @ 2.73% Ni, 0.93% Cu and
0.7g/t Pd from 154.87m) hosted in ultramafic lithologies within the basal Munni Munni Intrusive Complex, opens
the possibility of an additional mineralisation style at Elizabeth Hill.
The Elizabeth Hill trend remains open to the north and at depth, and we look forward to updating shareholders as
further assay results are received over the coming months.”
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9 July 2026
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DIAMOND DRILL RESULTS
Elizabeth Hill Deeps
Diamond drill hole 26WCDD029 (Figure 2, Figure 3, Figure 4) was drilled targeting the potential continuation of
high-grade silver mineralisation intersected in historical drilling from underground to the south and below the
Elizabeth Hill Mine workings (UGD084: 7m @ 607g/t Ag from 57m2
; including 2m @ 1,995g/t Ag from 61m3
).
26WCDD029 intersected 3m @ 524g/t Ag from 183m; including 1.5m @ 1,039g/t Ag from 184.5m downhole depth
(Figure 1). This intersection is 12m to the south of the UGD084 intersection.
These drill intersections form part of a 50m long north-south, sub-horizontal, mineralised trend at depth beneath
the mine workings that also includes a historical intersection of 4m @ 223g/t Ag from 190m in drill hole AG33, as
well as other anomalous drill intersections with silver in the 5-50g/t Ag range. This mineralised trend is on the
contact between granite and ultramafic rocks that sit to the east, and offset, from the main Munni Munni Fault
Zone (MMFZ).
Previous drilling has concentrated on testing the vertical MMFZ in this area and as a result this target trend is poorly
drilled with most of the holes passing above this sub-horizontal trend to penetrate the MMFZ to the west. Controls
on this trend are poorly constrained. There is potential for more mineralisation hosting/controlling, structural
splays sub-parallel to the MMFZ intersecting the granite-ultramafic lithology contact east of the main MMFZ.
Where hole 26WCDD029 passed through the MMFZ at depth it did not encounter any significant silver
mineralisation.
Other deep drilling around the MMFZ in holes 26WCDD026 and 26WCDD028 (Figure 2, Figure 3, Figure 4) returned
intersections anomalous in silver within the MMFZ. The most significant of these was 1m @ 18g/t Ag from 210m in
hole 26WCDD026. 26WCDD028 did not return any significant assay results. 26WCDD026 was drilled to test the
MMFZ at depth south of the mine workings, and is the southernmost hole drilled by WCE to date. 26WCDD028 was
drilled to test the MMFZ at depth beneath the mine workings.
Hole 26WCDD027 (Figure 2) was drilled to target the borehole electromagnetic (BHEM) conductivity anomaly
modelled from the BHEM survey conducted in hole 25WCDD025 in April this year. It did not intersect any
significant mineralisation to explain the conductivity model. However, the hole did intersect a broad section of
anomalous copper (individual assays ranging from 0.11% to 0.45%), coincident with trace sulphides in ultramafic
rocks from 34m to 56m downhole depth.
Drill hole 26WCDD029 also intersected massive sulphides from 154.87m with 0.45m @ 2.73% Ni, 0.93% Cu and
0.7g/t Pd, hosted in ultramafic lithologies within the basal Munni Munni Intrusive Complex (MMIC) igneous suite.
Historical underground drill hole UGD085 in this area intersected sulphide mineralisation (1m @ 2.33% Ni, 0.6%
Cu from 52m4
) also within ultramafic rocks on the contact with the granite. These intersections are in the vicinity
of the BHEM conductivity anomaly identified in 25WCDD025 that was remodelled with information from
26WCDD027. This strongly suggests the conductivity feature relates to similar sulphides in ultramafic rocks of the
MMIC.
2
Using 10 g/t Ag cut off on assay data contained within Appendix 2 of ASX Announcement dated 9 October 2025.
3
See Appendix 2 of ASX Announcement dated 9 October 2025
4 See Appendix 2 of ASX Announcement dated 9 October 2025
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Figure 2. Location of 2026 Diamond and RC drill holes at Elizabeth Hill North and significant drill assay results.
Elizabeth Hill mineral system remains open northwards towards the Maitland prospect and southwards to Elizabeth
Hill South prospect.
Note: Callouts (lines) direct to down hole intersection locations on inclined hole traces in plan view. Refer to
sections in Appendix 1 for intersection down hole widths and relative positions in section view.
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Significant assay results are summarised in Table 1 and Table 2.
Table 1: Summary of significant silver intersections in diamond drill holes 26WCDD026 – 26WCDD029 >10g/t Ag, and >20g/t
Ag within broader >10g/t Ag zones.
Hole ID
From
(m)
Interval
(m)
Ag g/t
(>10g/t)
Gram x
Metres
From
(m)
Interval
(m)
Ag g/t
(>20g/t)
Gram x
Metres
26WCDD029 183 3 524 1,572 including 184.5 1.5 1,039 1,559
26WCDD028 No Significant Intersections
26WCDD027 No Significant Intersections
26WCDD026 210.04 0.96 18 18
Note: Down hole intervals not true widths; 10g/t Ag cut off for significant intercepts.
Table 2: Summary of significant nickel, copper and palladium intersection in diamond drill hole 26WCDD029.
Hole ID From (m) Interval (m) Ni% Cu% Pd g/t
26WCDD029 154.87 0.45 2.73 0.93 0.7
Note: Down hole intervals not true widths.
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Figure 3. Long section showing southern plunge of Elizabeth Hill silver mineralisation envelope and RC drill hole pierce points. April 2026 MRE block
model superposed over grams per metres contours. Extension of mineralisation 70m northwards beyond MRE consistent with plunge of
mineralisation. Additional diamond drilling (in progress) targeting gaps in mineralised plunge definition. Refer to Figure 4 for Elizabeth Hill Deeps
diamond drilling longitudinal section in detail.
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Figure 4. Elizabeth Hill Deeps diamond drilling longitudinal section view
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RC DRILL RESULTS
Elizabeth Hill North
Assay results from the final 15 of 32 reverse circulation (RC) drill holes (26WCRC018-26WCRC032) indicate broad
zones of silver mineralisation both within and west of the recent MRE block model, with silver hosted in intensely
silica-altered granite and quartz-carbonate veins within the MMFZ (Figure 2, Figure 3).
Most of the new mineralisation defined by the RC drilling lies outside the Elizabeth Hill MRE, increasing the scale
of the mineralised system and providing new tonnes and metal for MRE updating in Q4 2026.
The strongest results are from holes 26WCRC019 and 26WCRC025, drilled immediately west of the current MRE
on cross-section H-H’ (Figure 13) and 26WCRC020 on cross-section I-I' (Figure 14).
• Hole 26WCRC019 returned 41m @ 23g/t Ag from 1m (including 26m @ 27g/t Ag from 16m) and ended in
mineralisation.
• Hole 26WCRC020 was mineralised from surface and returned 44m @ 26g/t Ag (including 31m @ 30g/t
Ag from 3m).
• Hole 26WCRC025, on the same section and to the west of 26WCRC019 also returned wide mineralised
intervals with greater than 10g/t Ag, with the better interval returning 12m @ 15g/t Ag from 31m where
the hole ended in mineralisation in this interval.
• Other holes, 26WCRC018 and 26WCRC024 (on Sections E-E’ and C-C’, respectively) returned minor
intervals of 1m @ 15g/t Ag from 56m and 46m, respectively.
Other RC drill holes, despite hitting strong alteration in the MMFZ, did not intersect significant silver mineralisation.
Strongly to extremely silicified alteration in granite has been logged across sections B-B’, C-C’, D-D’ and E-E’,
interpreted to mark the continuation of the Elizabeth Hill alteration system within the MMFZ (Figure 2, Figure 7,
Figure 8, Figure 9, Figure 10).
Importantly, high grade lead (Pb) was intersected in 26WCRC018, with 9m @ 5.3% Pb from 55m downhole depth,
including 1m @ 17.2% Pb from 56m and 1m @ 16.4% Pb from 62m (Appendix 4). Zones of high-grade lead
typically flank high grade silver zones at the Elizabeth Hill deposit and may indicate the presence of silver
mineralisation further to the north along the MMFZ. This is supported by shallow, scout aircore hole
25WCAC008 with 0.5m @ 61g/t Ag from 8m. The Company will be undertaking extensive surface geophysical
surveys in coming weeks to test this trend to the north towards Maitland (Figure 5).
Full cross-section descriptions and figures are provided in Appendix 1. Significant assay results are summarised
in Table 3 and Table 4.
Table 3: Summary of significant silver intersections in RC drill holes 26WCRC018 – 26WCRC032 >10g/t Ag, and
>20g/t Ag within broader >10g/t Ag zones.
Hole ID
From
(m)
Interval
(m)
Ag g/t
(>10g/t)
Gram x
Metres
From (m)
Interval
(m)
Ag g/t
(>20g/t)
Gram x
Metres
26WCRC018 56 1 15 15
26WCRC019* 1 41 23 937 incl.
3 1 20 20
6 2 23 46
16 26 27 710
26WCRC020 0 44 26 1,148 incl.
3 31 30 924
38 2 27 55
41 1 21 21
26WCRC024 46 1 15 15
26WCRC025* 7 2 10 20
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Hole ID
From
(m)
Interval
(m)
Ag g/t
(>10g/t)
Gram x
Metres
From (m)
Interval
(m)
Ag g/t
(>20g/t)
Gram x
Metres
12 2 13 26
19 5 11 57
31 12 15 184 incl. 35 1 20 20
Note: Down hole intervals not true widths; 10g/t Ag cut off for significant intercepts; assay results are for holes 26WCRC018-032; * hole
ended in mineralisation due to ground conditions.
Table 4: Summary of significant lead intersections in RC drill hole 26WCRC018.
Hole ID From (m)
Interval
(m)
Pb% From (m)
Interval
(m)
Pb%
26WCRC018 55 9 5.3 Including
56 1 17.2
62 1 16.4
Note: Down hole intervals not true widths.
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NEXT STEPS
Following the maiden MRE release and encouraging RC drilling results, West Coast Silver will continue to advance
Elizabeth Hill through:
• Ongoing drilling to expand the scale of the Elizabeth Hill mineralised system through testing of depth
extensions, infill lower-density areas within the MRE to improve resource categorisation, and evaluation
of along-strike and near-mine extensions, including Maitland and Elizabeth Hill South prospects.
• Drill planning underway to follow up on Elizabeth Hill Deeps drilling results.
• Detailed geological and structural review of all 2025-2026 drilling data, including interpretation of the
change in strike and plunge of silver mineralisation, to plan and prioritise follow-up drilling at Elizabeth
Hill North and South, and newly identified targets in the northwest of the project area.
• Surface and downhole geophysical surveys for new target generation along the MMFZ and to support
further extension and development of Elizabeth Hill during 2026, including surface IP, CSAMT, EM and
downhole EM methods.
• Economic studies based on an upgraded and potentially larger-scale JORC MRE of near-surface lower
grade and deeper higher-grade mineralisation, to support evaluation of a project development pathway.
• Regional exploration designed to discover repeats of the Elizabeth Hill Project, including potential drill
testing of the Elizabeth Hill South prospect and other priority targets along the MMFZ (Figure 5).
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Figure 5. Elizabeth Hill regional exploration prospects plan view. West Coast Silver is advancing to test beyond Elizabeth Hill
multiple exploration prospects and targets that remain under-explored, having indications of elevated Ag, Pb, Zn, Cu and Ni
from surface geochemistry, sparse drilling and associated with geophysics defined fault structures.
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About The Elizabeth Hill Project
Elizabeth Hill is historically one of Australia’s highest grade silver projects, with a proven production history and
significant untapped potential:
• Demonstrated high-grade production: 1.2Moz of silver was produced from just 16,830t of ore at a head
grade of 2,194g/t (70.5 oz/t Ag)5
, demonstrating the exceptional grade of the deposit.
• Previous mining ceased in 2000 due to low silver prices (US$5)6
. The current silver price environment is
materially higher than when mining ceased in 2000.
• Low-cost processing potential: Historical silver recovery was achieved via gravity separation, a low-cost
technique well-suited to the deposit's native silver mineralisation.
• Resource growth potential: The deposit remains open at depth and along strike. Consolidation of the
surrounding land package into a single contiguous 180km² holding provides additional opportunity to
discover further Elizabeth Hill-style deposits.
• Strategic location and infrastructure: The project is in the world-class West Pilbara mining jurisdiction
with a granted mining lease, and an MOU with Artemis Resources Ltd to evaluate the Radio Hill processing
facility as a potential treatment option for Elizabeth Hill material.
Through the consolidation of surrounding land packages, a significant portion of the Munni Munni Fault System
and subparallel structures are now within WCE’s tenement holding, all considered prospective for Elizabeth Hill-
style silver mineralisation.
Figure 6. Elizabeth Hill Project Tenement Location
5 WAMEX Annual Report,1 April 2014 to 31 March 2015, Elizabeth Hill Silver Project, Global Strategic Metals NL, p16
6 www.kitco.com/charts/silver
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This ASX announcement has been authorised for release by the Board of Directors of West Coast Silver
Limited. For further information, please contact:
Bruce Garlick
Executive Chairman
West Coast Silver Limited
E: info@westcoastsilver.com.au
Competent Person Statement
The information inthis announcement that relates to Exploration Results is based on information reviewed by Mr Ian Stockton who is a Member
of the Australian Institute of Geoscientists. Mr Stockton is a consultant to West Coast Silver and a full-time employee of ERM Australia
Consultants Pty Ltd. Mr Stockton has sufficient experience that is relevant to the style of mineralisation and type of deposits under
consideration, and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the Joint Ore Reserves
Committee (JORC) ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’, and a Specialist under the
VALMIN Code 2015 Edition of the ‘Australasian Code for Public Reporting of Technical Assessments and Valuations of Mineral Assets’. Mr
Stockton consents to the inclusion in the announcement of the matters based on this information and in the form and context in which it
appears.
Forward-Looking Statements
This announcement contains forward-looking statements, including but not limited to statements relating to planned exploration activities,
future drilling, survey results, target generation and potential project development pathways. Forward-looking statements represent the
Company’s current expectations, estimates and projections regarding future events as at the date of this announcement.
Forward-looking statements are based on assumptions and are subject to known and unknown risks, uncertainties and other factors that may
cause actual results, performance or achievements to differ materially from those expressed or implied by those statements. Investors are
cautioned not to place undue reliance on forward-looking statements.
Except as required by law or the ASX Listing Rules, the Company does not undertake to update or revise any forward-looking statements to
reflect events or circumstances after the date of this announcement.
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Appendix 1: Cross Sections
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Cross Section B – B’ with RC Drill Holes 26WCRC005 - 26WCRC008 and 26WCRC023
RC drill holes 26WCRC005 to 26WCRC008 (Figure 2, Figure 7), released previously (refer WCE ASX Announcement
dated 9 June 2026), on cross section B – B’ intersected a broad envelope of silicified granite within which lies a
highly silicified subvertical zone with quartz carbonate veins, the latter is interpreted to represent the core of the
broader MMFZ. Some lenses of ultramafic rock are located within the granite.
Drill hole 26WCRC005 intersected 7m @ 15g/t Ag from surface, 6m @ 14g/t Ag from 18m and 4m @ 14g/t Ag from
33m. Based on the logging of 26WCRC023, the hole contains a 72m down hole intersection of the altered MMFZ.
Figure 7. Cross section B-B’ showing RC holes 26WCRC005 - 26WCRC008 and 26WCRC023
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Cross Section C – C’ with RC Drill Holes 26WCRC009 - 26WCRC012, 26WCRC022, 26WCRC024
The RC holes (26WCRC009-012, released previously refer WCE ASX Announcement dated 9 June 2026; and
26WCRC022, 26WCRC024), on cross section C – C’ (Figure 2, Figure 8) intersected a complex array of intensely
silicified quartz-carbonate veins hosted within granite. A high-grade intersection of 2m at 96g/t Ag from 91m in
26WCRC012 is associated with the lower part of this vein networking within ultramafic rocks. In 26WCRC010, this
networking is associated with elevated lead grading up to 1.66% Pb from 55m to 70m down. The same relationship
exists in 26WCRC009 with lead up to 2.43% Pb within the interval from 40m to 54m down hole.
Anomalous silver exists around the upper margin of the higher-grade lead zone in 26WCRC009 (10.95g/t Ag from
39-40m) and lower margin in 26WCRC010 (8.52g/t Ag from 69-70m). This provides a good example of the general
spatial correlation between lead and silver.
The other high grade silver intersection on this cross section is 1m at 157g/t Ag from surface in 26WCRC011.
Drill hole 26WCRC024 contained 1m @ 15g/t Ag from 46m whereas drill hole 26WCRC022 did not have any
significant intersections. It is interpreted from logging that 26WCRC022 was drilled obliquely down the MMFZ, as
represented by a 117m zone of variably silicified granite and ultramafic rocks. RC hole 26WCRC024 was designed
to test the western extent of the MMFZ and for silver mineralisation interpreted to be hosted in granite to the west
of the MMFZ. Based on the logging of 26WCRC024, it is interpreted this hole did not intersect the MMFZ.
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Figure 8. Cross section C-C’ showing RC holes 26WCRC009 - 26WCRC012, 26WCRC022 and 26WCRC024
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Cross Section D – D’ with RC Drill Holes 26WCRC013 - 26WCRC015 and 26WCRC021
Four RC drill holes (26WCRC013-015, released previously refer WCE ASX Announcement dated 9 June 2026; and
26WCRC 021) were drilled on cross section D – D’ (Figure 2, Figure 9). Assay results were received for all the holes
on cross section D-D’ with low levels of silver mineralisation (10.4g/t Ag) intersected in 26WCRC013 from 6m to
7m in partially weathered. RC hole 26WCRC014 did not contain silver mineralisation, however from 46m to 57m it
contained a zone of elevated lead mineralisation that graded up to 0.77% Pb within intensely silicified granite. This
zone is interpreted to be the core of the MMFZ. Drill hole 26WCRC021 did not contain any significant
mineralisation.
Figure 9. Cross section D-D’ showing RC holes 26WCRC013 - 26WCRC015 and 26WCRC021
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Cross Section E – E’ with RC Drill Holes 26WCRC016 - 26WCRC018 and 26WCRC028
Assay results have now been received for all the four RC holes (26WCRC016-017, released previously refer WCE
ASX Announcement dated 9 June 2026; and 26WCRC018 and 26WCRC028) drilled on cross section E – E’ (Figure
2, Figure 10). Low levels of silver mineralisation were intersected in 26WCRC017 (17.4g/t Ag from 25-26m)
associated with millimetre scale carbonate veins in a 2m thick ultramafic lens. While 26WCRC016 did not contain
silver mineralisation, the interval from 42m to 48m did contain elevated lead mineralisation up to 0.44% Pb. An
empirical observation from reviewing the RC drilling and assay data is that spatially, lead generally seems to be
located outside the zone containing higher silver grades but is still within the overall mineral system.
Drill hole 26WCRC018 intersected 1m @ 15g/t Ag from 56m. Drill hole 26WCRC028 did not contain any significant
mineralisation.
Based on the logging of 26WCRC018, there is a large section of silica and quartz carbonate veining from 54m to
71m down hole. This interval corresponds to a zone of intensely silicified granite, where rock textures have been
destroyed by the silica alteration, containing up to 10% visible galena in the RC chips. It is interpreted this large
section represents the core of the MMFZ, and an extension of the alteration associated with the Elizabeth Hill
mineral system.
Figure 10. Cross section E-E’ showing RC holes 26WCRC016 - 26WCRC018 and 26WCRC028
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Cross Section F – F’ with RC Drill Holes 26WCRC029, 26WCRC030 and 26WCRC032
Drill holes 26WCRC029, 26WCRC030 and 26WCRC032 targeted the extension of the MMFZ to the north (Figure 2,
Figure 11). The drill holes intersected highly silicified granite, which is interpreted to represent the MMFZ, but did
not contain any significant silver mineralisation.
Figure 11. Cross section F-F’ showing RC holes 26WCRC029, 26WCRC030 and 26WCRC032
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Cross Section G – G’ with RC Drill Hole 26WCRC031
Assay results were received for 26WCRC031, the northernmost hole of the 2026 RC drill program (Figure 2, Figure
12). The hole was drilled to test the down dip extension silver (0.5m @ 61g/t Ag from 8m) reported in 25WCAC008
(refer WCE ASX Announcement dated 24 February 2026), as well as the northern extension of the MMFZ and
continuation of the alteration and increased lead mineralisation identified in sections E-E’ and F-F’.
Although the drill hole intersected highly silicified granite interpreted to represent the extension of the MMFZ, it did
not contain any significant silver mineralisation.
Figure 12. Cross section G-G’ showing 26WCRC031
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Cross Section H – H’ with RC Drill Holes 26WCRC019 and 26WCRC025
Drill holes 26WCRC019 and 26WCRC025 tested granite to the west of the MMFZ to explore the western extent of
silver mineralisation (Figure 2, Figure 13). Both drill holes intersected highly silicified granite interpreted to
represent alteration associated with the MMFZ. Drill hole 26WCRC019 intersected 41m @ 23g/t Ag from 1m and
drillhole 26WCRC025 contained 1m @ 10g/t Ag from 7m, 2m @ 13g/t Ag from 12m, 5m @ 11g/t Ag from 19m and
12m @ 15g/t Ag from 31m.
Figure 13. Cross section H-H’ showing RC holes 26WCRC019 and 26WCRC025
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Cross Section I – I’ with RC Drill Hole 26WCRC020
Drill hole 26WCRC020 tested the western margin of the MRE (Figure 2, Figure 14). The granite in almost the entire
drill hole was extensively altered to silica indicative of the alteration associated with the MMFZ. Hole 26WCRC020
intersected 44m @ 26g/t Ag from surface.
Figure 14. Cross section I-I’ with RC drill hole 26WCRC020
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Appendix 2: RC Drill Hole Collar Details
Hole Number Easting (m) Northing (m) RL (mASL) Azimuth (°) Dip (°) Drilled Depth(m)
26WCRC001 487015 7667963 86.4 270 -60 60
26WCRC002 487023 7667963 86.6 270 -60 30
26WCRC003 487034 7667963 86.7 270 -60 42
26WCRC004 487042 7667963 86.5 270 -60 60
26WCRC005 487025 7667986 85.3 270 -60 48
26WCRC006 487035 7667985 85.1 270 -60 66
26WCRC007 487046 7667986 85.4 270 -60 102
26WCRC008 487055 7667986 85.3 270 -60 138
26WCRC009 487024 7668006 84.6 270 -60 90
26WCRC010 487034 7668000 84.7 270 -60 102
26WCRC011 487043 7668000 84.8 270 -60 102
26WCRC012 487055 7668001 84.8 270 -60 126
26WCRC013 487014 7668025 84.5 270 -60 96
26WCRC014 487035 7668025 84.6 90 -60 78
26WCRC015 487055 7668025 84.6 270 -60 102
26WCRC016 487035 7668050 84.3 270 -60 78
26WCRC017 487015 7668050 84.3 270 -60 48
26WCRC018 487055 7668050 84.3 270 -60 108
26WCRC019 486990 7667940 85.2 90 -60 42
26WCRC020 487000 7667950 85.7 90 -60 60
26WCRC021 487075 7668025 85.3 270 -60 138
26WCRC022 487075 7668000 84.9 270 -60 150
26WCRC023 487075 7667985 85.4 270 -60 151
26WCRC024 486995 7668005 84.7 270 -60 78
26WCRC025 486955 7667935 84.6 90 -60 43
26WCRC026 487075 7668050 85.3 270 -60 18
26WCRC027 487074 7668050 85.3 270 -60 20
26WCRC028 487073 7668050 85.3 270 -60 138
26WCRC029 487035 7668075 84.2 270 -60 96
26WCRC030 487055 7668075 84.2 270 -60 150
26WCRC031 487035 7668100 83.9 270 -60 102
26WCRC032 487015 7668075 84.0 270 -60 48
Note: Grid coordinate system is GDA2020 Zone 50
ASX: WCE ANNOUNCEMENT
9 July 2026
WEST COAST SILVER LIMITED ASX | WCE Page 25
Appendix 3:
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