West Coast Silver Limited · ASX:WCE
West Coast Silver — Investor Presentation (June 2026)
23 slides from West Coast Silver's investor presentation, Jun 15, 2026
Slide 1: Elizabeth Hill Silver Project: Resource Growth Demonstrated
ASX: WCE | JUNE 2026 Elizabeth Hill Silver Project Resource Growth Demonstrated For personal use only High-Grade Silver with Development Potential
Slide 2: Disclaimer
Disclaimer Forward-Looking Statements Statements in this presentation which are not statements of historical fact, including but not limited to those relating to exploration results, mineral resource estimates, development timelines, production potential and future plans, are forward-looking stateme
Slide 3: Strategic Asset: De-Risked Asset, Proven Mine on Granted Lease
Strategic Asset De-Risked Asset: Proven Mine on Granted Lease Elizabeth Hill Silver Mine 1999 - 2000 Strategic • Located in established Pilbara mining hub Pilbara Location For personal use only Granted • Granted ML → fast-track restart pathway 30 km Mining Lease • Historical production of 1.2 Moz Ag
Slide 4: Why Now: The Silver Price Backdrop
Silver Market Why Now: The Silver Price Backdrop Silver at multi-year highs — structural deficit entering its sixth consecutive year Silver Spot Price Performance (USD/oz) Structural Demand Drivers — 6th Consecutive Year of Supply Deficit 100 All Time High ~US$64/oz Solar & Energy Transition US$121.
Slide 5: Investment Highlights
Highlights Investment Highlights Silver mineralisation extended 70m beyond the April 2026 MRE and remains open • 2.79Moz @ 617 g/t Ag (JORC 2012) — among the highest-grade undeveloped High-Grade silver resources globally Development Asset • Pure silver exposure — no polymetallic dilution (rare vs pe
Slide 6: Elizabeth Hill Mineral Resources
Resource Elizabeth Hill Mineral Resources High-Grade Silver Resource: 2.8Moz Ag @ 617g/t Ag (JORC 2012) Maiden JORC Resource (April 2026)1 JORC Classification Tonnes (kt) Ag (g/t) Ag (koz) For personal use only Indicated 84 137 369 Inferred 57 1,331 2,426 Total 141 617 2,795 % Increase vs Previous R
Slide 7: 2026 RC Drilling Confirms Resource Growth Beyond Maiden MRE
Growth Update 2026 RC Drilling Confirms Resource Growth Beyond Maiden MRE 1 Silver mineralisation extended up to 70m Key Results 26WCRC002 – 28m @ 29g/t 26WCRC003 – 14m @ 25g/t Ag Ag from 2m down hole from 3m down hole; • 60m @ 25g/t Ag from surface, including 26WCRC003 – 16m @ 21g/t Ag from 26m dow
Slide 8: 2026 RC Drilling Confirms Resource Growth
Growth 2026 RC Drilling Confirms Resource Growth High-Grades with strong growth vectors • Munni Munni Fault Zone (MMFZ) silver Geological system Setting • Mineralisation hosted in granite and ultramafics For personal use only • Silver mineralisation extended 70m Recent RC beyond the April 2026 MRE R
Slide 9: Development & Resource Growth
Strategy Development & Resource Growth Resource growth confirmed beyond the April 2026 MRE, with a clear pathway to production Dual Strategy: Development + Resource Growth 1 DEVELOPMENT 2 GROWTH For personal use only (De-risking / Production Pathway) (District Scale Silver System) • 2.79Moz @ 617g/t
Slide 10: Not a Single Deposit – a System of High-Grade Pods
Growth Not a single deposit – a System of High-Grade Pods Multiple high-grade targets within a repeatable silver system • Not a single deposit, a Potential repeatable high-grade Silver Rich system. Zone • Mineralisation structurally For personal use only controlled. • Current MRE covers only a porti
Slide 11: District-Scale Silver Growth Opportunities
Growth District-Scale Silver Growth Opportunities Consolidated • Granted Mining Lease and regional silver rights 180 km² Tenure • Significant position along the Munni Munni Fault For personal use only Munni Munni • Multiple structures and fault splays Fault Corridor • Structures control Elizabeth Hi
Slide 12: Unrivalled Grade in a Pure Silver System
Pure Silver Play Unrivalled Grade in a Pure Silver System WCE delivers a x3–x15 grade premium vs peers — with 100% silver exposure (no base metal dilution) Leading Silver Grades 800 Silver as % of Commodities in Resource West Coast Silver (WCE) For personal use only Elizabeth Hill 100% 700 90% 600 8
Slide 13: Exceptional Grade Concentration
Development Exceptional Grade Concentration High value, low processing tonnage Elizabeth Hill Grade-Tonnage Curve Economic Implication 160 1,600 Tonnes (kt) Grade (g/t Ag) Low tonnes @ one of industries highest For personal use only 140 1,400 average silver grades (617g/t Ag) – 120 1,200 • Ability t
Slide 14: Processing Optionality
Development Processing Optionality Low-complexity options to maximise value • Mining 1999–2000 recovered native Proven gravity silver using simple low-cost gravity recovery separation. For personal use only Proposed • Conventional circuit: Gravity → conventional Merrill-Crowe cyanidation → flowsheet
Slide 15: Advancing Resource Growth and Development
Timeline Advancing Resource Growth and Development Multiple near-term catalysts expected through H2 2026 • RC drilling complete at EH North 2026 Exploration & Development Timeline • Diamond drilling underway at EH Main Drill and EH Deeps Program • Assays pending for 15 RC holes including 26WCRC023 Q
Slide 16: Corporate Overview – Capital Structure and Share Performance
Corporate Corporate Overview – ASX:WCE Capital Structure Share Performance Shares on Issue 362,426,356 0.30 15.00 Share Price A$0.12 Market Capitalisation A$43.5m Share Price ($/sh) Cash A$5.4m For personal use only 0.20 10.00 Volume (m) Implied Enterprise Value A$38.1m Average Daily Turnover ($) 6
Slide 17: Key Executive and Management
Corporate Key Executive and Management Experienced team with proven development track record For personal use only EXECUTIVE CHAIRMAN TECHNICAL DIRECTOR* NON-EXECUTIVE DIRECTOR NON-EXECUTIVE DIRECTOR Mr. Bruce Garlick Mr. Sergei Smolonogov Mr. Thomas Reddicliffe Mr. Eugene Sharrock Mr. Garlick is a
Slide 18: Why WCE Can Re-Rate
Conclusion Why WCE Can Re-Rate Australia’s • High-grade starter operation → strong margin Highest-Grade potential Silver Resource • 100% silver exposure — no polymetallic dilution Pure Silver Play For personal use only • Direct leverage to silver price Part of wider 0.60m interval grading 26,618g/t
Slide 19: Elizabeth Hill Contact
Elizabeth Hill One of Australia’s highest-grade silver projects ASX | WCE For personal use only westcoastsilver.com.au Contact Bruce Garlick Executive Chairman info@westcoastsilver.com.au +61 437 393 6000 Investor & Media Relations Dannika Warburton - Investability westcoastsilver@investability.com.
Slide 20: Appendix 1: 2026 WCE Detailed Exploration Timeline
Appendix 1: 2026 WCE Detailed Exploration Timeline Schedule for discovery, resource growth & development Q1/CY26 Q2/CY26 Q3/CY26 Q4/CY26 2025 EH Main EH North & Main EH North & Main RC Assay Results For personal use only DD Assay Results RC Drill Program 3,100m RC program 2025 EH North, South, Main
Slide 21: Appendix 2: ASX Listed Silver Projects
Appendix 2: ASX Listed Silver Projects As reported Measured Indicated Inferred Total Reported Mkt Cap. g/t g/t g/t g/t g/t Ag Moz Ag Source: Company Ticker Project Status Commodities Mt Moz Mt Moz Mt Moz Mt Moz % silver Link ($m) Ag Ag Ag Ag Eq. Eq. ASX Joaquin / Ag, Au, Zn, Pb 131. 185. Unico Silve
Slide 22: Appendix 3: Open Pit Optimization
Appendix 3: Open Pit Optimization Reasonable prospects for eventual economic extraction (RPEEE) Key Whittle Pit Parameters Silver Price US$60 / oz Mining Cost A$4.50 / t For personal use only Processing Cost A$45.57 / t feed Metallurgical Recovery 90% Payability 99% Overall Pit Slope 46 degrees Calc
Slide 23: Appendix 4: High Grade Native Silver at Elizabeth Hill
Appendix 4: High Grade Native Silver at Elizabeth Hill Amongst the highest-grade Silver intercepts reported globally in 2025/26 For personal use only Top 5 Intercepts at Elizabeth Hill Grade Gram- Rank Intercept1 Interval (m) (g/t Ag) Metres (g·m) 1 25WCDD0112 63.0 762 48,020 2 25WCDD014 27.4 1,314
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