Announcement PDF Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities Cancellation Summary Entity name WEST COAST SILVER LIMITED Announcement Type Cancellation of previous announcement Date of this announcement Friday May 23, 2025 Reason for the cancellation The escrowed shares will be issued via a new Appendix 2A while the 8,437,500 options will be replaced by the a new Appendix 3G. Refer to next page for full details of the announcement Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities 1/9 Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities Part 1 - Entity and announcement details 1.1 Name of entity WEST COAST SILVER LIMITED We (the entity named above) give notice of the issue, conversion or payment up of the following unquoted +securities. 1.2 Registered number type Registration number ABN 95155472834 1.3 ASX issuer code WCE 1.4 The announcement is Cancellation of previous announcement 1.4c Reason for cancellation of previous announcement The escrowed shares will be issued via a new Appendix 2A while the 8,437,500 options will be replaced by the a new Appendix 3G. 1.4d Date of previous announcement to this cancellation 21/5/2025 1.5 Date of this announcement 23/5/2025 Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities 2/9 Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities Part 2 - Issue details 2.1 The +securities the subject of this notification are: +Securities issued as part of a transaction or transactions previously announced to the market in an Appendix 3B that are not quoted, and are not intended to be quoted, on ASX Previous Appendix 3B details: Announcement Date and Time Announcement Title Selected Appendix 3B to submit quotation request 24-Mar-2025 10:21 New - Proposed issue of securities ERW A placement or other type of issue 2.3a.2 Are there any further issues of +securities yet to take place to complete the transaction(s) referred to in the Appendix 3B? Yes 2.3a.3 Please provide details of the further issues of +securities yet to take place to complete the transaction(s) referred to in the Appendix 3B The following securities were approved by shareholder on 19 May 2205 and will be issued by an Appendix 2A: - 87,730,945 shares under Tranche 2 Placement; and - 18,518,518 shares to Alien Metals, being the non-restricted shares. Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities 3/9 Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities Part 3A - number and type of +securities the subject of this notification (existing class or new class) where issue has previously been notified to ASX in an Appendix 3B Placement Details ASX +security code and description new unquoted class of security Date the +securities the subject of this notification were issued 21/5/2025 Any other information the entity wishes to provide about the +securities the subject of this notification The issue was approved by shareholders on 19 May 2025. Refer to the Notice of General Meeting dated 17 April 2025 for further details. Issue details Number of +securities 8,437,500 Were the +securities issued for a cash consideration? Yes In what currency was the cash consideration being paid? What was the issue price per +security? AUD - Australian Dollar AUD 0.00001000 ASX +security code and description new unquoted class of security Date the +securities the subject of this notification were issued 21/5/2025 Any other information the entity wishes to provide about the +securities the subject of this notification The shares issued to Alien Metals will be restricted for 6 months from the date of issue to 21 Nov 2025. Refer to Resolution 1 of the Notice of Meeting dated 17 April 2025. Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities 4/9 Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities Issue details Number of +securities 12,990,741 Were the +securities issued for a cash consideration? No Please describe the consideration being provided for the +securities Shares is issued as part consideration for the Alien Transaction. Refer ASX announcement dated 24 March 2025 for further details. ASX +security code and description new unquoted class of security Date the +securities the subject of this notification were issued 21/5/2025 Any other information the entity wishes to provide about the +securities the subject of this notification The shares issued to Alien Metals will be restricted for 12 months from the date of issue to 21 May 2026. Refer to Resolution 1 of the Notice of Meeting dated 17 April 2025. Issue details Number of +securities 12,990,741 Were the +securities issued for a cash consideration? No Please describe the consideration being provided for the +securities Shares is issued as part consideration for the Alien Transaction. Refer ASX announcement dated 24 March 2025 for further details. Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities 5/9 Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities Part 3C - number and type of +securities the subject of this notification (new class) ASX +security code +Security description New class - code to be confirmed OPTION EXPIRING 21-MAY-2028 EX $0.04 +Security type ISIN code Options Date the +securities the subject of this notification were issued 21/5/2025 Will all the +securities issued in this class rank equally in all respects from their issue date? Yes Have you received confirmation from ASX that the terms of the +securities are appropriate and equitable under listing rule 6.1? Yes Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being issued. The terms and conditions are set out in the Notice of Meeting dated 17 April 2025. https://wcsecure.weblink.com.au/clients/errawarra/headline.aspx?headlineid=61260568 Options Details +Security currency Exercise price Expiry date AUD - Australian Dollar AUD 0.04000000 21/5/2028 Details of the existing class of +security that will be issued upon exercise or conversion of this new class of company option WCE : ORDINARY FULLY PAID Any other information the entity wishes to provide about the +securities the subject of this notification The terms and conditions are set out in the Notice of Meeting dated 17 April 2025. https://wcsecure.weblink.com.au/clients/errawarra/headline.aspx?headlineid=61260568 Issue details Number of +securities 8,437,500 ASX +security code +Security description New class - code to be confirmed ORDINARY RESTRICTED 21-NOV-2025 +Security type ISIN code Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities 6/9 Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities +Security type ISIN code Ordinary fully or partly paid shares/units Date the +securities the subject of this notification were issued 21/5/2025 Will all the +securities issued in this class rank equally in all respects from their issue date? Yes Have you received confirmation from ASX that the terms of the +securities are appropriate and equitable under listing rule 6.1? Yes Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being issued. The terms and conditions are set out in the Notice of Meeting dated 17 April 2025. https://wcsecure.weblink.com.au/clients/errawarra/headline.aspx?headlineid=61260568 Ordinary fully or partly paid shares/units Details +Security currency AUD - Australian Dollar Are there +CDIs issued over the +securities? No Is it a Partly Paid class of +security? No Is it a stapled class of +security? No Any other information the entity wishes to provide about the +securities the subject of this notification The shares issued to Alien Metals will be restricted for 6 months from the date of issue to 21 Nov 2025. Issue details Number of +securities 12,990,741 ASX +security code +Security description New class - code to be confirmed ORDINARY RESTRICTED 21-MAY-2026 +Security type ISIN code Ordinary fully or partly paid shares/units Date the +securities the subject of this notification were issued 21/5/2025 Will all the +securities issued in this class rank equally in all respects from their issue date? Yes Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities 7/9 Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities Have you received confirmation from ASX that the terms of the +securities are appropriate and equitable under listing rule 6.1? Yes Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being issued. The terms and conditions are set out in the Notice of Meeting dated 17 April 2025. https://wcsecure.weblink.com.au/clients/errawarra/headline.aspx?headlineid=61260568 Ordinary fully or partly paid shares/units Details +Security currency AUD - Australian Dollar Are there +CDIs issued over the +securities? No Is it a Partly Paid class of +security? No Is it a stapled class of +security? No Any other information the entity wishes to provide about the +securities the subject of this notification The shares issued to Alien Metals will be restricted for 12 months from the date of issue to 21 May 2026. Issue details Number of +securities 12,990,741 Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities 8/9 Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities Part 4 - +Securities on issue Following the issue, conversion or payment up of the +securities the subject of this notification, the +securities of the entity will comprise: The figures in parts 4.1 and 4.2 below are automatically generated and may not reflect the entity's current issued capital if other Appendix 2A, Appendix 3G or Appendix 3H forms are currently with ASX for processing. 4.1 Quoted +securities (Total number of each +class of +securities issued and quoted on ASX) ASX +security code and description Total number of +securities on issue WCE : ORDINARY FULLY PAID 123,745,279 4.2 Unquoted +securities (Total number of each +class of +securities issued but not quoted on ASX) ASX +security code and description Total number of +securities on issue WCEAQ : PERFORMANCE RIGHTS 12,000,000 WCEAP : OPTION EXPIRING 18-MAY-2028 EX $0.04 11,000,000 WCEAK : OPTION EXPIRING 29-JUN-2025 EX $0.25 1,000,000 WCEAO : OPTION EXPIRING 25-NOV-2027 EX $0.117 1,200,000 WCEAH : PERFORMANCE RIGHTS CLASS B RESTRICTED 5,000,000 WCEAI : OPTION EXPIRING 21-APR-2026 RESTRICTED 2,000,000 WCEAM : OPTION EXPIRING 25-SEP-2025 EX $0.25 1,500,000 WCEAN : OPTION EXPIRING 30-OCT-2026 EX $0.18 3,525,000 WCEAL : OPTION EXPIRING 30-NOV-2025 EX $0.25 1,500,000 New class - code to be confirmed : OPTION EXPIRING 21-MAY-2028 EX $0.04 8,437,500 New class - code to be confirmed : ORDINARY RESTRICTED 21-NOV-2025 12,990,741 New class - code to be confirmed : ORDINARY RESTRICTED 21-MAY-2026 12,990,741 Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities 9/9