West Coast Silver Drilling to Grow Elizabeth Hill Silver Footprint

Why It Matters

Confirming near‑surface, high‑grade silver could enable West Coast Silver to fast‑track an economic scoping study and unlock a domestic source of industrial silver, boosting its valuation and market position.

Key Takeaways

• 4,000m RC drilling targets Munni Munni Fault extensions.
• Near-surface targets could enable low-cost open-pit mining.
• High-grade 33,107 g/t silver intersected in 2025 drilling.
• Potential processing at Artemis' 425,000 tpa plant under MOU.
• Data will support inaugural resource estimate and scoping study.

Pulse Analysis

Elizabeth Hill sits in Western Australia’s Pilbara, long‑known for producing some of the world’s highest‑grade silver. The former underground mine delivered 1.2 million ounces from just 16,830 tonnes of ore, a staggering 2,194 g/t head grade that places the deposit among the elite global assets. Since acquiring the project in March 2025, West Coast Silver has accelerated exploration, leveraging both historic data and fresh drilling that revealed intervals such as a 0.35 metre core grading 33,107 g/t silver. These results have revived interest in unlocking additional near‑surface resources.

The current program deploys up to 4,000 metres of reverse‑circulation (RC) drilling, all aimed at intersecting the Munni Munni Fault within 150 metres of the surface. By focusing on north‑ and south‑ward extensions of the known mineralised corridor, the company hopes to delineate shallow, open‑pit‑compatible ore bodies that could be mined at lower cost than deeper underground zones. Complementary down‑hole and surface geophysical surveys will run concurrently, and diamond drilling is slated to begin in early April to test deeper down‑plunge extensions. Results are expected throughout Q2 2026, providing the data needed for a first‑ever resource estimate.

If the RC holes confirm extensive near‑surface mineralisation, West Coast Silver could fast‑track an economic scoping study and move toward a modest open‑pit operation, leveraging existing infrastructure at the historic mine. The memorandum of understanding with Artemis Resources to evaluate its idle 425,000‑tonne‑per‑annum processing plant adds a potential low‑capex pathway to bring silver to market, further enhancing project economics. Investors will be watching assay turn‑around closely; a robust resource estimate could lift the company’s market valuation and position Elizabeth Hill as a key domestic silver supplier amid rising global demand for industrial and investment‑grade silver.