Quarterly Activities and Cashflow Report
Released
Released
Announcement PDF
ASX: WCS ANNOUNCEMENT
31 July 2025
Quarterly Activities Report
for period ending 30 June 2025
West Coast Silver (“West Coast” or “ The Company”) is pleased to present the Company’s quarterly activities
report for the quarter ending 30 June 2025 (“the Quarter”).
During the 4th Quarter (April – June 2025):
The primary focus of the Company’s activities over the Quarter was on the Elizabeth Hill Silver Project where the
inaugural drilling campaign produced some outstanding results including a spectacular 15,071g/t Silver (Ag)
interval in the first drill hole of inaugural campaign.
West Coast owns 70% of the historical Elizabeth Hill Silver Project (“Project” or “Elizabeth Hill”), 70% of the silver
rights to the Pinderi Hills Project tenement package and 70% of the ownership of 3 tenements or tenement
applications surrounding the silver project. This collective tenement package totalling 180km2 is in the Tier 1
mining jurisdiction of the Pilbara, Western Australia.
Commenting on the quarter, Executive Chairman Bruce Garlick said:
“We are extremely pleased with this exceptional start to our exploration program at Elizabeth Hill. We have
intersected high-grade silver from close to surface in our first two holes”.
This is a tremendous result and we now look forward to further results from the inaugural drilling program.”
“But we have now also turned our eye to future works. We are well funded after a heavily oversubscribed $6million
capital raising and we plan on unlocking the true potential of the Elizabeth Hill Project.”
Elizabeth Hill Silver Project Highlights
• Assays have returned a 21 metre intercept from 10 metre with a spectacular 15,071g/t Silver (Ag)
interval in the first drill hole of the inaugural campaign.
• Drill hole 25WCDD001, the first drill hole completed from the 2025 program has returned a
significant high-grade silver zone including
» 21 metres at 1,047g/t Ag from 10 metres including.
• 8 metres at 2,632 g/t Ag from 22 metres including
• Spectacular grade of 1 metre at 15,071 g/t Ag from 27 metres.
• Impressive near surface results from drill hole 25WWCDD002 including:
» 15m at 723g/t Ag from 1 metre including:
• 3m at 2,639g/t Ag from 1 metre.
• Gold (Au) reported in lab assays with peak assay from drill hole 25WWCDD002 returned:
» 1 metre at 2.03g/t Au from 4 metres.
WEST COAST SILVER LIMITED
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REGISTERED OFFICE
Level 2, 10 Ord Street
West Perth, WA 6005
info@westcoastsilver.com.au
ACN: 155 472 834
PO Box 1227, West Perth
WA 6872, Australia
westcoastsilver.com.au
+61 8 9322 3383
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ASX: WCS ANNOUNCEMENT
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• To date, only assay results for holes 25WCDD001 & 25WCDD002, have been received from the
laboratory. However, the new intersections of near-surface high grade silver provide impetus for
further evaluation and quantification of potential economic shallow silver mineralization.
• Review of historical drilling data provides additional indication of economic near surface
mineralisation
• The additional 8 drill holes have been dispatched to the laboratory for assay with assay results
expected progressively over a 6–8-week period.
• Silver assays of up to 490 g/t Ag have been returned from float and rock chip sampling near mine and
beyond
• Distribution of silver-rich float samples indicates potential for additional source areas to the north
and south of the historic Elizabeth Hill high-grade silver mine
• Planning already underway for follow on drill programs following completion of the inaugural
program.
• Growth potential through regional targeting for look-a-like Elizabeth Hill silver deposits within large
180km2 land package.
Errabiddy Falcon JV
• During the quarter Falcon Metals, West Coasts' JV Partner continued with reconnaissance and soil
sampling activities on tenement E09/2457 with a focus on the Olsen Well gold in soil anomaly.
Other Projects
• Due to the focus on the drilling of the Elizabeth Hill Silver Project no field activities were undertaken
on the company’s other exploration projects.
• The Company terminated its Lithium focused Pinderi Hills JV agreement with Alien Metals to align
with the Company strategy as a silver focused explorer/developer.
Corporate
• The Company had $1.4 million in cash and securities on hand as of 30 June 2025.
• Subsequent to the quarter end West Coast received firm commitments totalling $6.125 million via a
share placement to a broad range of new institutional and sophisticated investors.
• The Placement was priced at $0.11 per share representing a premium of 0.04% to the 15-day VWAP
to 21 July 2025.
• During the Quarter Bruce Garlick transitioned to Executive Chairman to lead the Company through
its transition to a silver focussed explorer and developer.
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ASX: WCS ANNOUNCEMENT
31 July 2025
West Coast Silver is pleased to present the Company’s quarterly activities report for the quarter ending 30 June
2025.
EXPLORATION
Elizabeth Hill Silver Project
Inaugural Drill Program & Historical Drilling Assessment
During the quarter the Company commenced its inaugural drill program at the Elizabeth Hill Project. This
comprised of 12 diamond core holes for a combined 1,183m. This was completed post quarter end.
Assay results have been received for the initial 2 holes of the program.
This inaugural diamond drill program at the high-grade Elizabeth Hill Silver Project in the Pilbara has delivered
exceptional results, with shallow, high-grade silver assays returned from the first two drill holes, 25WCDD001 and
25WCDD002 (Figure 2 - Cross Section Showing 25WCDD001 intercept & Figure 3 - Cross Section Showing
25WCDD002 );
Both holes intersected mineralisation from near surface, with particularly impressive results from hole
25WCDD001 which intersected:
•
21 metres at 1,047g/t from 10 metres including
o 8 metres at 2,632 g/t from 22 metres including,
A Spectacular interval of 1 metre at 15,071 g/t from 27 metres.
Hole 25WCDD002 intersected:
•
15 metres at 729g/t from 1 metre including:
o 3 metres at 2,639g/t from 1 metre.
Drill hole 25WCDD001 was designed to twin historic Alien Metals RC drill hole 22AMC001 which intersected:
•
21 metres at 730g/t Ag from 12 metres.
Hole ID
Interval (m)
Ag
(g/t)
Ag
( Troy oz/t)
From (m)
25WCDD001
21
1,047
35.66
10
8
2,632
84.65
22
25WCDD001
1
15,071
484.56
27
25WCDD002
15
723km
23.45
1
3
2,639
84.87
1
Including
25WCDD001
and
including
25WCDD002
Table.7..Significant.Intercept.Table.Inaugural.Drilling.
The shallow high-grade nature of these silver results gave the Company confidence in the near surface potential
of Elizabeth Hill. As such the Company engaged ERM Consultants to carry out a comprehensive analysis of all
historical drilling at Elizabeth Hill with a view to quantifying the near surface silver mineralisation. This process
included all QA/QC checks required to ensure all historical data is of sufficient quality to be reported from a JORC
2012 perspective and identified some extremely encouraging historical intercepts including:
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ASX: WCS ANNOUNCEMENT
31 July 2025
Hole ID
Interval (m)
Ag
(g/t)
From (m)
21EHDD003
3.7
6,953
13
21EHDD003
5.7
6,503
19
EC049
4
6,240
38
21EHDD001
15
1,487
2
22AMC001
21
730
12
AMEHRC009
4
3,788
27
EC042
3
4,035
19
25WCDD002
3
2,639
1
EC092
1
204
1
including
Table.8.‗.Historical.Drilling.Notable.Results
Figure.7..Plan.view.of.West.Coast.Silver.diamond.core.drilling.and.historical.drilling
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Figure.8.‗.Cross.Section.Showing.8❶WCDD667.intercept.™ .historical.intercepts
Figure.9.‗.Cross.Section.Showing.8❶WCDD668.intercept.™ .historical.intercepts
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31 July 2025
Anomalous Gold, Lead, Zinc and Copper assay values returned from the drilling programme will also be further
assessed.
Core from the next 8 holes has been cut, and half-core samples have been sent for assay, which are expected to
be returned within 6–8 weeks.
Result timeframes may vary pending laboratory analysis requirements for further testing.
12 diamond drill holes have been completed at Elizabeth Hill for 1183m. Drilling has now been completed at site
and the drill rig has been demobilised.
Rock Chip Sampling Program
During the quarter a reconnaissance rock chip and rock float sampling program was completed with 115 samples
collected. The program has returned significant assay results, confirming the presence of anomalous silver,
copper, and gold mineralisation in areas both north and south of the historic Elizabeth Hill high-grade silver mine.
Notable assay results from the complete results include:
•
•
•
•
•
25EW06-062: 490 g/t Ag, 0.03 g/t Au, 0.17% Cu;
25EW06-057: 316 g/t Ag, 0.19 g/t Au, 0.11% Cu;
25EW06-063: 276 g/t Ag, 0.13 g/t Au, 0.14% Cu;
25EW06-025: 179 g/t Ag, 0.42% Cu; and
25EW06-064: 178 g/t Ag, 0.1% Cu.
These significant silver assay results reported up to 490 g/t Ag and with variably associated gold and copper up to
0.19 g/t Au, and 0.42% Cu and occur in two key areas relative to the historic high-grade silver mine.
A cluster of samples grading >100 g/t Ag are located over an area 200–500 m north of the mine, while an isolated
sample (170 g/t Ag) lies ~200 m to the south (Figure 4– Location of float sample assay results north and south of
the historical Elizabeth high grade silver mine).
The results suggest potential for additional new mineralised source areas and are possibly related to the northsouth trending Munni Munni fault system.
Figure.0.Location.of.float.sample.assay.results.north.and.south.of.the.historical.Elizabeth.high.grade.silver.mine
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Soil Sampling Program
Regional reconnaissance and follow-up soil sampling was completed in targeted areas with 1,979 samples
collected. All samples have been dispatched to ALS Global Laboratories and results are pending.
Forward Work Planning
The Company will continue with its systematic approach to exploring Elizabeth Hill and the surrounding areas.
This includes:
•
•
•
•
•
Ongoing Trenching, mapping, and additional rock chip sampling.
Assessment of completed soil sampling program for the broader land package (assays pending) for
inclusion in broader targeting works.
Completion of near mine and regional targeting works including prioritisation of targets;
Development of follow-on drill campaigns to the inaugural campaign including consideration for air core,
reverse circulation and additional diamond drilling.
Fieldwork Exploration including:
o Field reconnaissance and mapping.
o Geochemical and geophysical works; and
o Regional Exploration including assessment and prioritisation of targets.
Figure.❶.‗.Regional.Prospectivity.at.Elizabeth.Hill.
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About the Elizabeth Hill Project
Elizabeth Hill is one of Australia’s high-grade silver projects and has a proven production history outlined below:
•
•
•
•
•
High grades enabled low processing tonnes: 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) 1.
Previous mining operation ceased in 2000: because of low silver prices (US$5) 2
Simplistic historical processing technique: native silver was recovered via low-cost gravity separation
techniques.
Untapped potential remains in ground with deposit open at depth and recent consolidation of land
package offers potential to discover more Elizabeth Hill style deposits.
Tier 1 Mining Jurisdiction located on a mining lease with potential processing option at the nearby Radio
Hill site.
Figure.❷.– Location of Project Combined Tenements
Through the consolidation of the surrounding land packages into a single contiguous 180km2 package significant
exploration and growth potential exists both near mine and regionally.
The land package holds a significant portion of the Munni Munni fault system which is considered prospective for
Elizabeth Hill look-a-like silver deposits.
1 WAMEX Annual Report,1 April 2014 to 31 March 2015, Elizabeth Hill Silver Project, Global Strategic Metals NL, p16
2 www.kitco.com/charts/silver
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Andover West
Lithium Potential
The Andover West Project is located 30km south-east of Karratha with exploration initially targeting only mafic
intrusion hosted nickel-copper mineralisation. However, the significant Lithium-Caesium-Tantalum (“LCT”)
pegmatite discoveries reported by Azure Minerals and their ongoing evaluation highlighted the potential for LCT
pegmatite on West Coast Silver’s adjoining tenement. West Coast Silver subsequently identified two prospective
lithium pegmatite swarms 3 within its project tenement located along strike of the discoveries made by Azure
Minerals. Despite the prospectivity for LCT pegmatites the company has not progressed the exploration due to the
significant retreat of the lithium price.
Gold Potential
A review of the gold potential within tenement E47/4352 identified the White Quartz Hill (“WQH”) Prospect where
Fox Resources 4 has previously reported the occurrence of gold associated with structures over a strike of 5km.
Pinderri Hills JV
The Company terminated its Lithium focused Pinderi Hills JV agreement 5 with Alien Metals to align with the
Company strategy as a silver focused explorer/developer.
Errabiddy
The Errabiddy project comprises 7 tenements with a combined area of approximately 1,000km2 and which are
considered prospective for Ni, Cu, Au, REE’s, Li and graphite. The results from routine reconnaissance
prospecting, soil sampling and rock chip sampling which was previously undertaken on the project by West Coast
Silver has resulted in an initial focus on graphite and gold.
Falcon Metals Joint Venture
During the previous quarter, West Coast Silver entered an Earn-in, Joint Venture and Mineral Rights Agreement
with Falcon ASX-listed (ASX: FAL) (“Falcon”), granting Falcon the right to earn up to a 70% interest in Exploration
Licence E09/2457 by spending $2 million in two stages over a 60-month period, covering all minerals excluding
graphite. The Errabiddy Gold Project is a craton margin gold target, located 220km northwest of Meekatharra in
Western Australia.
The 519km2 license covers a 42km strike extent of the Errabiddy shear zone which is considered highly prospective
and remains underexplored and with no exploration drilling for gold conducted within the project tenure. The
Errabiddy shear zone is a compelling Cratonic margin gold target which contains known gold mineralisation.
Cratonic margins are considered prospective for the formation of large gold deposits, including the Tropicana
deposit that was discovered on the eastern margin of the Yilgarn Craton in 2005 through the follow up of a regional
public domain gold-in-soil anomaly.
West Coast Silver initially identified Olsen Well as a target from a review of public domain Bulk Leach Extractable
Gold (“BLEG”) stream sediment data that highlighted this area. Additionally, regional geochemical sampling by
the Geological Survey of Western Australia, with a 4km spaced geochemical grid, detected a 6 ppb Au anomaly
near Olsen Well.
WCE Announcement (ASX:WCE) 13 May 2024
FXR Announcement (ASX:FXR) 12 October 2012
5
WCE Announcement (ASX:WCE) 29 April 2024
3
4
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The sampling undertaken by West Coast Silver in 2023 has shown that the Olsen Well prospect is a significant gold
in soil anomaly with a surface extent of 3km x 1km with a peak soil value of 234ppb Au. The soil sampling grid was
300m x 100m with 462 samples collected and with the anomaly coincident with quartz and Fe rich rocks hosted
within a granitic terrain.
During the quarter Falcon Metals continued with its reconnaissance and soil sampling activities undertaking a
465-sample ultrafine soil survey over the Olsen Well Target. Consisting of three phases; orientation sampling, infill
sampling and extensional sampling, Falcon successfully increased the strike extent of the anomaly at a >10ppb
Au threshold from 3km to 5.8km length.
Other Projects
The Company has relinquished both of its Fraser Range tenements and also relinquished its Errabiddy tenement
E09/2410.
The Binti Binti/Gindalbi gold project comprises sole tenement E27/577. The tenement has significant gold
prospectivity with a new potential gold anomalous zone identified. While investigation of this new gold target area
is continuing the company is also assessing corporate opportunities with respect to this project.
CORPORATE & FINANCE
Capital Raising
Subsequent to the quarter end West Coast received firm commitments from new institutional and new and
existing sophisticated and professional investors to raise $6.125 million (before costs) by way of a placement of
shares.
Use of Funds
Proceeds of the Placement are planned to be used at Elizabeth Hill Project to cover further exploration, resource
definition of the near surface mineralisation, near mine and regional exploration and commencement of internal
restart studies.
Other uses include general working capital and costs associated with the Placement.
Placement Details
The placement (“Placement”) will result in the issue of up to 55,681,819 fully paid ordinary shares at an issue price
of $0.11 per share (“New Shares”).
The Placement issue price of $0.11 represents 4.3% discount to the Company’s ten (10) days volume weighted
average price (“VWAP”) and 0.04% premium to the Company’s fifteen (15) days VWAP.
The Placement will be issued in two tranches:
•
•
Tranche One (“T1”) will be pursuant to Company’s placement capacity under ASX Listing Rule (LR) 7.1 for
33,651,681 New Shares and 7.1A for 21,439,229 New Shares totaling to 55,090,910 New Shares; and
Tranche Two (“T2”) will consist of up to 590,909 New shares as Director’s and associates’ participations,
which are subject to shareholder approval to be sought at the next General Meeting.
The placement was led by CPS Capital Group Pty Ltd (“CPS Capital”) for which they will receive standard capital
raising fees together with 10 million options to be issued at $0.00001, with an exercise price of $0.155 each expiring
3 years from the date of issue (“Corporate Options”) which will be subject to shareholder approval at the
Company’s next General Meeting.
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Appointment of Executive Chairman
Bruce Garlick
During the quarter Mr. Bruce Garlick was appointed
Executive Chairman to lead the Company’s transition to a
silver explorer and developer. Mr. Garlick holds a
Bachelor of Commerce, Bachelor of Laws, Certified
Practising Accountant and is a Finance Executive who has
over thirty years’ experience in mining, exploration, and
engineering. Mr Garlick has worked both in Australia and
Internationally on large open pit, and underground mining
operations including base metals, and gold
Issued Capital
The capital structure of the Company as of 30 June 2025 was:
Description
Number on issue
Ordinary fully paid shares
260,120,976
Unlisted Options exercisable at $0.25 on or before 25 September 2025
1,500,000
Unlisted Options exercisable at $0.25 on or before 30 November 2025
1,500,000
Unlisted Options exercisable at $0.40 on or before 21 April 2026
2,000,000
Unlisted Options exercisable at $0.18 on or before 30 October 2026
3,525,000
Unlisted Options exercisable at $0.117 on or before 25 November 2027
1,200,000
Unlisted Options exercisable at $0.04 on or before 18 May 2028
11,000,000
Unlisted Options exercisable at $0.04 on or before 20 May 2028
8,437,500
Performance Rights Class B on or before 21 April 2027
5,000,000
Performance Rights expiring on or before 18 May 2028
10,000,000
Finance
West Coast Silver announced a capital raising on 24 March 2025 of $3 million before costs. Tranche 1 funds of
$631,264 were received on 1 April 2025 after the company issued 23,380,166 shares at $0.027 per share
before costs. Tranche 2 comprises the balance of the $3M capital raise which is subject to shareholder approval
at a General Meeting to be held on 19 May 2025.
The Company had $1.4 million cash and approximately $233,600 in securities on hand as of 30 June 2025. In July,
the Company sold the securities of hand and received approximately $217,000 as working capital.
Related Party payments for the quarter outlined in Appendix 5B at section 6.1 and 6.2 total $724,000 and include
amounts paid to directors for salary, directors’ fees, consultancy fees, office rent, and statutory superannuation
including $600,000 paid for the purchase of Elizabeth Hill Project from Alien Metals and GreenTech Metals.
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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 in this report that relates to Exploration Results is based on information compiled by Mr Rob Mosig
a Competent Person who is a Fellow of the Australasian Institute of Mining and Metallurgy. Mr Mosig is a Director
of West Coast Silver.
Mr Mosig 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 ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’, and a
Specialist under the 2015 Edition of the ‘Australasian Code for Public Reporting of technical assessments and
valuations of mineral assets’.
Mr Mosig consents to the inclusion in the report of the matters based on his information and in the form and
context in which it appears.
Forward-Looking Statements
Statements in this announcement which are not statements of historical facts, including but not limited to those
relating to the proposed transaction, are forward-looking statements. These statements instead represent
management’s current expectations, estimates and projections regarding future events. Although management
believes the expectations reflected in such forward-looking statements are reasonable, forward-looking
statements are based on the opinions, assumptions and estimates of management at the date the statements are
made and are subject to a variety of risks and uncertainties and other factors that could cause actual events or
results to differ materially from those projected in the forward-looking statements.
Accordingly, investors are cautioned not to place undue reliance on such statements.
Cautionary Statement
This document is confidential and may not be reproduced, redistributed or passed on, directly or indirectly. This
document is neither a prospectus nor an offer to subscribe for fully paid ordinary shares. West Coast Silver and its
directors, employees and consultants make no representations or warranty as to the accuracy, reliability or
completeness of this document, and have no liability, including liability to any person by reason of negligence of,
or contained in or derived from, or for any omissions from this document, except liability under statute that cannot
be excluded. This document contains reference to certain targets and plans of West Coast Silver which may or
may not be achieved. The performance of West Coast Silver may be influenced by a number of factors,
uncertainties and contingencies, many of which are outside the control of the Company and its directors, staff
and consultants.
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ASX ANNOUNCEMENT
ASX announcements referenced in this release and were announced during the quarter to date include:
Date
Announcement title
01/04/2025
Application for quotation of securities - ERW
01/04/2025
Completion of Tranche 1 $3M Placement & Cleansing Note
02/04/2025
Fieldwork Commences at Elizabeth Hill Project
17/04/2025
Notice of General Meeting
17/04/2025
Executive Director - Key Engagement Terms
22/04/2025
Inaugural Drilling at Elizabeth Hill & Exploration Updates
23/04/2025
Notification of cessation of securities - ERW
29/04/2025
Errawarra Resources Advances Elizabeth Hill Silver Project with Strategic Acquisition and Strong
Financial Position
29/04/2025
Quarterly Activities and Cashflow Report
07/05/2025
Change of Director's Interest Notice (BG)
08/05/2025
Drill Contract Awarded at Elizabeth Hill
13/05/2025
Change of Director's Interest Notice (TR)
15/05/2023
Silver surface samples up to 920g/t returned via pXRF
19/05/2023
General Meeting Voting Resul
19/05/2023
Cancel - Proposed issue of securities - ERW
19/05/2023
Application for quotation of securities - ERW
19/05/2023
Notification regarding unquoted securities - ERW
19/05/2023
Notification regarding unquoted securities - ERW
19/05/2023
Cleansing Notice
21/05/2023
Notification regarding unquoted securities - ERW
21/05/2023
Application for quotation of securities - ERW
21/05/2023
Change of Directors' Interest Notice (TR, BG & RM)
21/05/2025
Final Director's Interest Notice (ES)
21/05/2025
Cleansing Notice
22/05/2025
Completion of Elizabeth Hill Project Acquisition
22/05/2025
West Coast Silver Completes Acquisition of Elizabeth Project and Secures $3M Capital Raise
23/05/2025
Drilling Contractor Mobilisation Commences at Elizabeth Hill
23/05/2025
Ceasing to be a substantial holder (Sorrento)
23/05/2025
Notification regarding unquoted securities - WCE
23/05/2025
Cancel - Notification regarding unquoted securities - WC
23/05/2025
Application for quotation of securities - WCE
28/05/2025
Investor Presentation
28/05/2025
Application for quotation of securities - WCE
28/05/2025
Cleansing Notice
28/05/2025
Initial Substantial Holder Notice – J Peterson
30/05/2025
Updated Top 20 Shareholders
30/05/2025
Drilling Commences at Elizabeth Hill Project
02/06/2025
Becoming a substantial holder (Alien Metals)
03/06/2025
Change in substantial holding
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Date
Announcement title
10/06/2025
Board Change
11/06/2025
Shallow mineralisation intersected at Elizabeth Hill
30/06/2025
Notification of cessation of securities - WCE
03/07/2025
Proposed issue of securities – WCE
16/07/2025
High-Grade Silver Intercepts Near Surface at Elizabeth Hill
21/07/2025
Significant Silver Fieldwork Assays from Elizabeth Hill
22/07/2025
Falcon: Soil anomaly extended to 5.8km strike at Errabiddy
22/07/2025
Trading Halt
24/07/2025
Over $6M Raised to Accelerate Exploration at Elizabeth Hill
24/07/2025
Proposed issue of securities – WCE
24/07/2025
Investor Presentation
24/07/2025
Amended Significant Fieldwork Assays from Elizabeth Hill
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TENEMENT SCHEDULE
Current
Tenement number
Interest
Start
End
Note
1
Location: Errabiddy, Australia
E09/2346
80%
80%
Tenement number
Interest
Start
End
3
Location: Pinderi Hills, Australia
E47/3322
0%
0%
E09/2410
100%
0%
E47/4422
0%
0%
E09/2440
100%
100%
E09/2457
100%
100%
M47/0123
0%
0%
M47/0124
0%
0%
E09/2459
100%
E52/3838
100%
100%
M47/0125
0%
0%
100%
M47/0126
0%
E09/2652
100%
100%
0%
E09/2602
100%
100%
2
Location: Andover West, Australia
E47/4352
80%
80%
1
Location: Fraser Range, Australia
E63/1771
70%
70%
6
4
Location: Elizabeth Hill, Australia
E47/3535
0%
70%
3
P47/1832
0%
P47/2033(A)
0%
0%
M47/0342
0%
70%
1
Location: Binti Binti, Australia
E27/0577
80%
80%
Note
5
70%
Note:
1
2
3
4
5
6
Errawarra Pty Ltd (ERR), the registered holder of the tenements, is a wholly owned subsidiary of Errawarra.
Western Exploration Pty Ltd (WEX), the registered holder of the tenements, is an 80% interest owned subsidiary of Errawarra. WEX
hold all mineral rights except the Fe rights at the Andover West project.
ERR holds 80% of all minerals rights, title and interests.
ERR holds/held 70% of all minerals rights, title and interests. WCE relinquished E63/1771 post quarter end.
WCE withdrew from the Pinderi Hills Li JV post quarter end.
WCE entered into a JV and purchase of tenements from GreenTech Metals (ASX: GRE). WCE is the manager of the JV.
Application
Tenement number
Location: Fraser Range, Australia
E63/2353
Relinquished or Lapsed
Tenement number
Location: Errabiddy, Australia
E09/2410 (Surrendered 30/05/2025)
Tenement number
Location: Fraser Range, Australia
E63/1941 (Surrendered 26/06/2025)
E63/1771 (Surrendered 23/07/2025)
WEST COAST SILVER LIMITED
ASX | WCE
westcoastsilver.com.au
15
Rule 5.5
Appendix 5B
Mining exploration entity and oil and gas exploration entity
quarterly cash flow report
Name of entity
WEST COAST SILVER LIMITED (previously ERRAWARRA RESOURCES LTD)
ABN
Quarter ended (“current quarter”)
95 155 472 834
Consolidated statement of cash flows
1.
Cash flows from operating activities
1.1
Receipts from customers
1.2
Payments for
30 June 2025
Year to date
(12 months)
$A’000
Current quarter
$A’000
–
–
(416)
(1,112)
(b) development
–
–
(c) production
–
–
(d) staff costs
(71)
(211)
(e) administration and corporate costs
(641)
(1,161)
(a) exploration & evaluation
1.3
Dividends received (see note 3)
–
–
1.4
Interest received
11
39
1.5
Inte
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