West Coast Silver Limited · ASX:WCE
West Coast Silver — Investor Presentation (November 2025)
24 slides from West Coast Silver's investor presentation, Nov 11, 2025
Slide 1: Elizabeth Hill Silver Project
Elizabeth Hill Silver Project Highest grade silver mine in Australia For personal use only November 2025 ASX | WCE
Slide 2: Disclaimer
Disclaimer 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
Slide 3: West Coast: Pure Play Silver
West Coast: Pure Play Silver Grade: Ground: Growth: Bonanza-grade silver Historic WA mine on Near-surface ounces in Tier-1 WA granted Mining Lease and district-scale upside • Historic head grade 2,194 g/t • Near-surface open-pit For personal use only • Granted ML in the Pilbara, Ag (1.2Moz Ag from 1
Slide 4: Australia's Largest Silver Nugget, 145kg found at Elizabeth Hill
West Coast Silver Half HQ3 drill core from 53.68m to 53.75m For personal use only Australia’s Largest Silver Nugget, 145kg found at Elizabeth Hill • “The Karratha Queen” largest native silver nugget 145kg from Elizabeth Hill, on display at The Perth Mint. • Measures an impressive 85 x 38 x 47cm. • C
Slide 5: Ground: Historic WA Silver Mine in a Restart Ready Setting
Ground Elizabeth Hill Silver Project Historic WA Silver Mine in a Restart Ready Setting Large Landholding in a Blue-Chip Mining District For personal use only • Previously Australia’s highest grade historic silver mine - past production paused on ~US$5/oz pricing (2000); vs (vs ~US$48/oz today) • Lo
Slide 6: Maiden Drilling Delivers: Strong Foundation for Growth
Growth Maiden Drilling Delivers: Strong Foundation for Growth High Grade Mineralisation Proven • 12 holes where several returned bonanza grade mineralisation with highlights 25WCDD011: 52.01-52.2m (SAMPLE 25WC04-015) – including 21m @ 1,047 g/t Ag in 25WCDD001 from 10m including 1m @ 15,071 g/t Ag F
Slide 7: Demonstrable Upside Potential
Growth Demonstrable Upside Potential Near-Surface Open-Pit Potential • Shallow high-grade intercepts demonstrate open-pit mining potential • Quantification of near-surface resource already underway For personal use only • Historic intercepts include 3.7m @ 6,953 g/t Ag from just 13m depth1 • Recent
Slide 8: Systematic Growth Strategy
Growth Systematic Growth Strategy From Discovery to Resource Phase 1. Elizabeth Hill. (i) Near Surface Oxide Resource (ii) Deeper Targets Upcoming Value Catalysts: Strategic 3-Phase Exploration Phase 2. Near mine 1. Elizabeth Hill 2. Near Mine 3. Regional Exploration For personal use only high prior
Slide 9: Phase 1: Elizabeth Hill
Growth Phase 1: Elizabeth Hill Elizabeth Hill Growth (Near Surface + At Depth): • Fully funded diamond drilling underway: ~14 holes for For personal use only ~1,300m to test near surface oxide zone and down plunge extension. • Near surface oxide resource definition to JORC standards. • Down plunge e
Slide 10: Diamond drilling program
Growth Diamond drilling program From Discovery to Resource Upcoming Value Catalysts: Strategic 1st Phase Exploration For personal use only • Initial five drill holes successfully completed intersecting the up-plunge position of the historically mined high grade Elizabeth Hill silver deposit • The mi
Slide 11: Diamond drilling program
Growth Diamond drilling program From Discovery to Resource EC094: 4m @ 320/g/t Ag • Several Encouraging native silver intersections in drill holes 25WCDD014 as well as secondary silver in hole 25WCDD013, confirmed by logging and pXRF For personal use only EC096: 2m @ 290/g/t Ag EC097: 6m @ 63/g/t Ag
Slide 12: Diamond drilling program
Growth Diamond drilling program From Discovery to Resource EC072: 4m @ 794/g/t Ag EC073: 10m @ 244/g/t Ag • Diamond drill hole 25WCDD016 Secondary silver minerals are hosted in a carbonate-matrix breccia and pXRF confirmed the For personal use only presence of silver EC072: 14m @ 218g/t Ag Refer to
Slide 13: Diamond drilling program
Growth Diamond drilling program From Discovery to Resource • Diamond drill hole 25WCDD017 contained trace amounts of observed native silver, occurring as 1mm to 2mm grains at For personal use only 43.61m within a quartz vein in a late fracture, confirmed by pXRF EC100: 12m @ 466/g/t Ag EC0101: 4m @
Slide 14: Phase 2: Near Mine
Growth Phase 2: Near Mine Near Mine High Priority Targets – Aircore Program • Systematic targeting: Integrated legacy data with soils, magnetic- structure deflections and historic drilling to generate multiple near- mine targets. For personal use only • Drone magnetics + Loupe TEM underway (priority
Slide 15: Phase 3: Regional Exploration
Growth Phase 3: Regional Exploration Multiple Conceptual Targets Across an Regional Exploration Underexplored 180km² Package • 180 km² tenure across the Munni Munni structural corridor and look-a- like faults - no systematic regional exploration in almost 25 years. For personal use only • Geophysics
Slide 16: Mineralisation Growth: String of pearls theory & concept
Mineralisation Growth String of pearls theory & concept • Mineralisation occurs sporadically along the Munni Munni Fault, not continuously • Mineralisation localizes near intersecting contacts: For personal use only • Fault – fault contacts • Rock contacts intersected by faults • Jogs and bends in t
Slide 17: Path to Value: Near-Term Catalysts Driving Growth
Path to Value: Near-Term Catalysts Driving Growth For personal use only Near Term Site Works Inaugural Drilling Assays Phase 2 Diamond Near Mine Air Core Regional Production Commenced Program Received Program Program Exploration Opportunities • Core Review • 12 hole DD • Proven High • 14 (1,300m) ho
Slide 18: Corporate Overview
Corporate Overview ASX:WCE Capital Structure Share Performance Value Shares on Issue 330,640,295 Share Price A$0.14 For personal use only Market Capitalisation A$46.3m Cash (30 Sep 2025) A$5.1m Implied Enterprise Value A$41.2m Note: As of 3 November 2025. See Appendix A for details on Options and Pe
Slide 19: Board and Management
Board and Management Driven by a Highly Experienced Team With Intimate Asset Knowledge For personal use only Technical and Corporate Advisory EXECUTIVE CHAIRMAN NON-EXECUTIVE DIRECTOR NON-EXECUTIVE DIRECTOR TECHNICAL ADVISORS Mr Bruce Garlick Mr Thomas Reddicliffe Mr Matt Birney David Lewis Structur
Slide 20: West Coast Silver Investment Summary
West Coast Silver Investment Summary High-grade silver in a Tier-1 jurisdiction, with a clear path to near-term value GRADE GROUND GROWTH Bonanza Confirmed De-risked Setting Multiple Shots on Goal • Granted ML: Pilbara, on Munni • Phase 1: Resource quantification & • Historic head grade: 2,194 g/t A
Slide 21: Elizabeth Hill
Elizabeth Hill One of Australia’s highest-grade silver projects ASX | WCE For personal use only westcoastsilver.com.au Contact Bruce Garlick Executive Chairman +61 437 393 6000 info@westcoastsilver.com.au Investor & Media Relations Dannika Warburton - Investability +61 401 094 261 westcoastsilver@in
Slide 22: Appendix A: Options and Performance Rights
Appendix A: Options and Performance Rights Options & Performance Rights Number of securities1 Unlisted Options exercisable at $0.25 each expiring on or before 30 November 2025 1,500,000 Unlisted Options exercisable at $0.40 each expiring on or before 21 April 2026 2,000,000 Unlisted Options exercisa
Slide 23: Appendix B: Silver Bull Market Momentum Building
Appendix B: Silver Bull Market Momentum Building In a constrained market hitting new highs, grade and speed to ounces are the key value drivers Silver Price Performance1 Structural Market Deficit2 $48.8/oz Silver reached record high US$51.30/oz in Oct 2025 149 Moz Silver deficit in 2025 (5th consecu
Slide 24: Appendix C: Historical Silver Price: Potential for Bull Run
Appendix C: Historical Silver Price: Potential for Bull Run 70 Current: US$48.80/oz January 1980: US$49.48/oz Rising Demand May 2011: US$48.70/oz Inflation concerns 60 (intraday US$50.35/oz) concerns over inflation Hunt Brothers cornered market Potential EU debt crises 50 For personal use only TECHN
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