Announcement PDF Appendix 3B - Proposed issue of securities Appendix 3B - Proposed issue of securities 1 / 6 Announcement Summary Entity name WEST COAST SILVER LIMITED Announcement Type New announcement Date of this announcement 17/10/2025 The Proposed issue is: Total number of +securities proposed to be issued for a placement or other type of issue ASX +security code +Security description Maximum Number of +securities to be issued New class-code to be confirmed OPTION EXPIRING 19-NOV-2028 EX $0.25 1,500,000 New class-code to be confirmed PERFORMANCE RIGHTS EXP 19-NOV-2028 2,000,000 Proposed +issue date 21/11/2025 Refer to next page for full details of the announcement A placement or other type of issue Appendix 3B - Proposed issue of securities Appendix 3B - Proposed issue of securities 2 / 6 Part 1 - Entity and announcement details 1.1 Name of +Entity WEST COAST SILVER LIMITED We (the entity named above) give ASX the following information about a proposed issue of +securities and, if ASX agrees to +quote any of the +securities (including any rights) on a +deferred settlement basis, we agree to the matters set out in Appendix 3B of the ASX Listing Rules. If the +securities are being offered under a +disclosure document or +PDS and are intended to be quoted on ASX, we also apply for quotation of all of the +securities that may be issued under the +disclosure document or +PDS on the terms set out in Appendix 2A of the ASX Listing Rules (on the understanding that once the final number of +securities issued under the +disclosure document or +PDS is known, in accordance with Listing Rule 3.10.3C, we will complete and lodge with ASX an Appendix 2A online form notifying ASX of their issue and applying for their quotation). 1.2 Registered Number Type ACN Registration Number 155472834 1.3 ASX issuer code WCE 1.4 The announcement is 1.5 Date of this announcement 17/10/2025 1.6 The Proposed issue is: A placement or other type of issue New announcement Appendix 3B - Proposed issue of securities Appendix 3B - Proposed issue of securities 3 / 6 Part 7 - Details of proposed placement or other issue Part 7A - Conditions 7A.1 Do any external approvals need to be obtained or other conditions satisfied before the placement or other type of issue can proceed on an unconditional basis? 7A.1a Conditions Approval/Condition +Security holder approval Date for determination 20/11/2025 Is the date estimated or actual? ** Approval received/condition met? No Comments Refer to Notice of Meeting dated 17 October 2025 for further details. Part 7B - Issue details Is the proposed security a 'New class' (+securities in a class that is not yet quoted or recorded by ASX) or an 'Existing class' (additional securities in a class that is already quoted or recorded by ASX)? Will the proposed issue of this +security include an offer of attaching +securities? Details of +securities proposed to be issued ISIN Code (if Issuer is a foreign company and +securities do not have +CDIs issued over them) Have you received confirmation from ASX that the terms of the proposed +securities are appropriate and equitable under listing rule 6.1? Will the entity be seeking quotation of the 'new' class of +securities on ASX? ASX +security code New class-code to be confirmed +Security description OPTION EXPIRING 19-NOV-2028 EX $0.25 +Security type Options Number of +securities proposed to be issued 1,500,000 Offer price details No Yes No New class Actual Yes Appendix 3B - Proposed issue of securities Appendix 3B - Proposed issue of securities 4 / 6 Offer price details Are the +securities proposed to be issued being issued for a cash consideration? Please describe the consideration being provided for the +securities Issued to provide a performance linked incentive component in the remuneration package for the Directors to motivate and reward the performance in their roles as Directors and to provide a cost effective way from the Company to remunerate the proposed recipients. Please provide an estimate of the AUD equivalent of the consideration being provided for the +securities Will all the +securities issued in this class rank equally in all respects from their issue date? Options details +Security currency AUD - Australian Dollar Exercise price AUD 0.2500 Expiry date 19/11/2028 Details of the type of +security that will be issued if the option is exercised WCE : ORDINARY FULLY PAID Number of securities that will be issued if the option is exercised One (1) fully paid ordinary share per one (1) option exercised. Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities proposed to be issued or provide the information by separate announcement. The terms and conditions of the Directors' Option is set out in the Notice of Meeting lodged on 17 October 2025. Is the proposed security a 'New class' (+securities in a class that is not yet quoted or recorded by ASX) or an 'Existing class' (additional securities in a class that is already quoted or recorded by ASX)? Will the proposed issue of this +security include an offer of attaching +securities? Details of +securities proposed to be issued ISIN Code (if Issuer is a foreign company and +securities do not have +CDIs issued over them) Have you received confirmation from ASX that the terms of the proposed +securities are appropriate and equitable under listing rule 6.1? Will the entity be seeking quotation of the 'new' class of +securities on ASX? ASX +security code +Security description No Yes No New class Yes No Appendix 3B - Proposed issue of securities Appendix 3B - Proposed issue of securities 5 / 6 ASX +security code New class-code to be confirmed +Security description PERFORMANCE RIGHTS EXP 19-NOV-2028 +Security type Performance options/rights Number of +securities proposed to be issued 2,000,000 Offer price details Are the +securities proposed to be issued being issued for a cash consideration? Please describe the consideration being provided for the +securities Issued to provide a performance linked incentive component in the remuneration package for the Director to motivate and reward the performance in their roles as a Director and to provide a cost effective way from the Company to remunerate the proposed recipients. Please provide an estimate of the AUD equivalent of the consideration being provided for the +securities Will all the +securities issued in this class rank equally in all respects from their issue date? Performance options/rights details +Security currency AUD - Australian Dollar Exercise price AUD 0.2500 Expiry date 19/11/2028 Details of the type of +security that will be issued if the option is exercised WCE : ORDINARY FULLY PAID Number of securities that will be issued if the option is exercised One (1) fully paid ordinary share per one (1) option exercised. Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities proposed to be issued or provide the information by separate announcement. The terms and conditions of the Director's Performance Rights is set out in the Notice of Meeting lodged on 17 October 2025. Part 7C - Timetable 7C.1 Proposed +issue date 21/11/2025 Yes No Appendix 3B - Proposed issue of securities Appendix 3B - Proposed issue of securities 6 / 6 Part 7D - Listing Rule requirements 7D.1 Has the entity obtained, or is it obtaining, +security holder approval for the entire issue under listing rule 7.1? 7D.1a Date of meeting or proposed meeting to approve the issue under listing rule 7.1 20/11/2025 7D.2 Is a party referred to in listing rule 10.11 participating in the proposed issue? 7D.3 Will any of the +securities to be issued be +restricted securities for the purposes of the listing rules? 7D.4 Will any of the +securities to be issued be subject to +voluntary escrow? Part 7E - Fees and expenses 7E.1 Will there be a lead manager or broker to the proposed issue? 7E.2 Is the proposed issue to be underwritten? 7E.4 Details of any other material fees or costs to be incurred by the entity in connection with the proposed issue Not applicable. Part 7F - Further Information 7F.01 The purpose(s) for which the entity is issuing the securities Issued as a performance-based incentive to motivate and reward the recipients in their roles as Directors and to provide a cost-effective form of remuneration for the Company. 7F.1 Will the entity be changing its dividend/distribution policy if the proposed issue proceeds? 7F.2 Any other information the entity wishes to provide about the proposed issue Refer to the Notice of Meeting lodged on 17 October 2025. No No No No No Yes Yes