West Coast Silver Limited · ASX:WCE
West Coast Silver — Investor Presentation (March 2026)
24 slides from West Coast Silver's investor presentation, Mar 6, 2026
Slide 1: Elizabeth Hill Silver Project: Grade is King
Elizabeth Hill Silver Project Grade is King: For personal use only Future growth and mine restart potential March 2026 ASX | WCE 1 Massive native silver specimen from Elizabeth Hill Refer to West Coast Silver Ltd ASX announcement dated 22 December 2025
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: Silver: Safe-Haven, Structural Deficits, Rising Industrial Use
Silver: Safe-Haven, Structural Deficits, Rising Industrial Use Record Silver prices above US$120/oz in January 2026 before stabilising Structural Market Deficit + Safe Haven Demand2 Silver Price Performance1 • Safe-Haven Demand and Geopolitical Risk (Strong Uplift in ETP). $90/oz Silver hit record h
Slide 4: West Coast: Pure Play Silver
Historic mine expansion and West Coast: Pure Play Silver new discovery potential Ground: Grade: Growth: Historic WA mine on Bonanza-grade silver Near-surface ounces granted Mining Lease and district-scale upside • Historic Elizabeth Hill head • Granted Mining Lease; past grade of 2,194 g/t Ag. A. At
Slide 5: Ground: Elizabeth Hill Silver Project
Ground Elizabeth Hill Silver Project Historic Silver Mine Ready for Restart District-Scale Landholding in Emerging Silver District For personal use only • Located in the Pilbara region, Western Australia • Excellent Infrastructure - Access to road networks, power infrastructure, skilled workforce in
Slide 6: Ground Elements: Mining Districts
Ground 5 Elements Mining Districts 5 Element (Ag-Co-Ni-As-Bi) silver projects are typically major silver and critical metals producers e.g. Cobalt, Ontario; Bou Azzer, Morocco Historic Silver District Jurisdiction Deposit Type Metal Production Production* For personal use only Western Five-element A
Slide 7: Grade: Silver Specimen
Grade Silver Specimen For personal use only Australia’s Largest Silver Nugget, 145kg found at Elizabeth Hill 0.25m grading 17,534g/t Ag1 • “The Karratha Queen” largest native silver nugget 145kg from Elizabeth Hill, on display at The Perth Mint • Other large specimen’s from Elizabeth Hill held by Ma
Slide 8: High Grade Native Silver at Elizabeth Hill
Grade High Grade Native Silver at Elizabeth Hill Among the Highest-Grade Silver Intercepts Reported Globally in 2025/6 Elizabeth Hill Top 5 Drill Intercepts1 Gram- Grade Rank Intercept1 Interval (m) Metres (g/t Ag) (g·m) For personal use only 1 25WCDD0112 63.0 762 48,020 2 25WCDD014 27.4 1,314 36,00
Slide 9: 2026 Drilling Delivers: Strong Foundation for Growth
Growth 2026 Drilling Delivers: Strong Foundation for Growth Open-Pit Case Emerging from Deep Targets Confirmed & Proven High Grade Mineralisation Shallow Bonanza Hits Ready for Testing • The 2025–26 drilling programs • Results demonstrate strong continuity • Review of historic drilling has defined d
Slide 10: Near-Term Catalysts Driving Growth
Growth Near-Term Catalysts Driving Growth Clear Pathway to Resource Growth and Development 2025 Q1/CY26 Q2/CY26 Q3/CY26 Q4/CY26 EH Acquisition EH North RC Drill EH North Complete Program Results (May-25) For personal use only initial 4,000m program Phase 1 DD EH Deeps DD Test Regional Further Drilli
Slide 11: Systematic Growth Strategy
Growth Systematic Growth Strategy From Discovery to Resource - Objectives New areas of mineralisation in the shadow of the headframe • Phase 2 2025 drill program successfully intersected near-surface For personal use only extension of the historic high-grade Elizabeth Hill deposit. • Mineralised zon
Slide 12: Elizabeth Hill Drilling: Long Section
Growth LONG SECTION ALONG MUNNI MUNNI FAULT Elizabeth Hill Drilling Near surface weathered zone 2026 Goal: Resource Definition Elizabeth Hill Mine – Mineralisation Extension • Phase 1 and 2 Drilling: 25 holes for 2,198 m For personal use only completed in 2025. o Phase 1: tested historic intersectio
Slide 13: Near Mine Targets
Growth Near Mine Targets Multiple targets near mine1 1km • Multiple high-priorityRT1 targets within 1 km of Elizabeth Hill Mine. 500m • Strong structural control along the Munni For personal use only Munni Fault corridor. NM1 • Cluster of prospects (NM1–NM6, RS series) RS6 Elizabeth Hill Mine in clo
Slide 14: AC Drill Program
Growth AC Drill Program AC drilling confirms shallow high-grade mineralisation ~290m with clear extensions north and south – supporting rapid resource growth potential • 76-hole aircore program (1,060m) completed, targeting near-mine and regional extensions • Shallow, high-grade silver confirmed fro
Slide 15: Regional Exploration
Growth Regional Exploration Regional Exploration Multiple Conceptual Targets Across an Underexplored 180km² Package Elizabeth Hill Mine • The goal is to identify repeat Elizabeth Hill–style systems along the Munni Munni Fault and related structures (‘String of Pearls’). For personal use only • 180 k
Slide 16: Mineralisation Growth: String of Pearls Concept
Mineralisation Growth ‘String of Pearls’ Concept • Mineralisation occurs in discrete, plunging pods localised by structural intersections along the Munni Munni Fault. For personal use only • High potential for repeat-mineralisation (‘String of Pearls’). • Mineralisation localizes near intersecting s
Slide 17: 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 GROUND GRADE GROWTH • Granted Mining Lease: Munni Munni • Historical head grade: 2,194 g/t Ag • Future Resource definition & down- Fault, host to Elizabeth Hill mine. (1.2 Moz)1. For
Slide 18: Corporate Overview
Corporate Overview ASX:WCE Capital Structure Share Performance Shares on Issue 358,869,213 0.30 14.00 Share Price A$0.205 12.00 For personal use only 0.25 Market Capitalisation A$73.6m Share Price ($/sh) Cash A$5.8m 10.00 0.20 Volume (m) Implied Enterprise Value A$67.8m 8.00 Average Daily Turnover (
Slide 19: Key Executive and Management
Key Executive and Management Driven by a Highly Experienced Team With Intimate Asset Knowledge Technical Advisory Board TECHNICAL ADVISORS For personal use only David Lewis Technical Consultant EXECUTIVE CHAIRMAN TECHNICAL DIRECTOR* NON-EXECUTIVE DIRECTOR Ian Stockton ERM Consultants Mr Bruce Garlic
Slide 20: 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 +61 437 393 6000 info@westcoastsilver.com.au Investor & Media Relations Dannika Warburton - Investability +61 401 094 261 westcoastsilver@in
Slide 21: Appendix A: Options and Performance Rights
Appendix A: Options and Performance Rights 1 Options & Performance Rights Number of securities Unlisted options @ $0.180 expiring on or before 30 October 2026 3,525,000 Unlisted options @ $0.120 expiring on or before 30 July 2027 100,000 Unlisted options @ $0.117 expiring on or before 25 November 20
Slide 22: Appendix B: Historical Silver Price: Potential for Bull Run
Appendix B: Historical Silver Price: Potential for Bull Run 120 110 100 Current: ~US$90/oz 90 Rising Demand Inflation concerns For personal use only 80 January 1980: US$49.48/oz May 2011: US$48.70/oz (intraday US$50.35/oz) concerns over inflation Hunt Brothers cornered market Potential EU debt crise
Slide 23: Diamond drilling program
Growth Diamond drilling program • Native silver and silver mineralisation confirmed in 9 of 13 holes by assay results. • Native silver intersected in drill holes: 25WCDD013, 25WCDD014, 25WCDD016, 25WCDD017 and 25WCDD0191 For personal use only 1Refer to West Coast Silver ASX announcement dated 4 Febr
Slide 24: Regional Targets
Growth Regional Targets Multiple regional targets • District-scale landholding RT1 with multiple underexplored corridors (180km2). RT1 RT1,2,3,4,5 • Systematic regional geochemical sampling For personal use only defining priority anomalies. • Multiple untested and emerging targets outside near-mine
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