West Coast Silver Limited · ASX:WCE
West Coast Silver — RIU Sydney Resources Round-up (May 2026)
22 slides from West Coast Silver's conference presentation, May 6, 2026
Slide 1: Elizabeth Hill Silver Project
ASX: WCE | MAY 2026 Elizabeth Hill Silver Project Ultra High-Grade Silver with a Pathway to Production For personal use only Near-Term Development with Scalable Upside RIU Sydney Resources Round-up 1 Massive native silver specimen from Elizabeth Hill Refer to West Coast Silver Ltd ASX announcement d
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: 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: Investment Highlights
Highlights Investment Highlights Ultra High-Grade Silver with a Clear Path to Production and Scale • 2.79Moz @ 617 g/t Ag (JORC 2012) — among the highest-grade Ultra High-Grade undeveloped silver resources globally Development Asset • Pure silver exposure — no polymetallic dilution (rare vs peers) F
Slide 5: Strategy: Development & Growth
Strategy Development & Growth High-grade foundation with a pathway to production and growth Dual Strategy: Near-Term Production + Multi-Deposit Growth DEVELOPMENT GROWTH For personal use only (De-risking / Production Pathway) (District Scale Silver System) • 2.8Moz @ 617 g/t Ag → high-value, • Open
Slide 6: Resource Increase at Elizabeth Hill
Development Resource Increase at Elizabeth Hill Near x9 increase in contained silver ounces vs prior estimate 2011 Elizabeth Hill MRE – East Coast Minerals NL1 (@ 20 g/t Ag cut-off-grade) Category Tonnes(kt) Grade (g/t Ag) Silver (koz) Inferred 69 126 280 For personal use only Total 69 126 280 2026
Slide 7: 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 8: 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 9: Exceptional Grade Concentration
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 to mine to 20
Slide 10: Growth Potential – Drilling Underway
Growth Growth Potential – Drilling Underway High-Grade System with Strong Growth Vectors • Ultramafic basal portion of the Munni Geological Munni Intrusive Complex (MMIC), cut Setting by the regional Munni Munni Fault. For personal use only • Mineralisation in altered ultramafic Host Rocks and grani
Slide 11: Not a Single Deposit – a System of High-Grade Pods
Growth Not a single deposit – a System of High-Grade Pods Potential • Not a single deposit, Silver Rich a repeatable high- Zone grade system. • Mineralisation For personal use only structurally controlled. • Current MRE covers only a portion of the system. ‘String of Pearls’ • Predictable exploratio
Slide 12: District-Scale Upside: 180 km² Along Munni Munni Fault
Growth District-Scale Upside: 180 km² Maitland Along Munni Munni Fault Targets Elizabeth • Extensive land package with silver rights, including WCE's Hill North Consolidated (EHN) 70% stake in Elizabeth Hill Mining Lease and significant Elizabeth Hill 180 km² Tenure Natalie Hill regional JV rights.
Slide 13: 2026 Drill Program: Converting Ounces & Growing Resource
Timeline 2026 Drill Program: Converting Ounces & Growing Resource • Comprising up to 3,100m RC, 3,600m 2026 Exploration & Development Timeline Drill DD and optional additional meterage Program to follow up success and infill resource Q2/CY26 Q3/CY26 Q4/CY26 For personal use only • Infill drill for r
Slide 14: Corporate Overview – Capital Structure
Corporate Corporate Overview – ASX:WCE Capital Structure Share Performance Shares on Issue 360,069,213 Share Price A$0.14 0.30 15.00 Market Capitalisation A$50.4m Cash A$5.4m For personal use only Share Price ($/sh) Implied Enterprise Value A$45.0m 0.20 10.00 Volume (m) Average Daily Turnover ($) 6
Slide 15: Key Executive and Management
Corporate Key Executive and Management Experienced Team with Proven Development Track Record Technical Advisory Board TECHNICAL ADVISORS For personal use only David Lewis Technical Consultant EXECUTIVE CHAIRMAN TECHNICAL DIRECTOR* NON-EXECUTIVE DIRECTOR Ian Stockton Mr. Bruce Garlick Mr. Sergei Smol
Slide 16: 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 Figure 5 : Part of wider 0.60m interval grading
Slide 17: 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 18: 2026 WCE Detailed Exploration Timeline
Timeline 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 EH
Slide 19: Appendix 1: Elizabeth Hill Mineral Resources
Appendix 1: Elizabeth Hill Mineral Resources As of April 2026 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 Notes to the Mineral Resource: • The tonnes and grades have been reported inside a pit shell. • The M
Slide 20: Appendix 2: ASX Listed Silver Projects
Appendix 2: ASX Listed Silver Projects As reported Measured Indicated Inferred Total Reported g/t g/t g/t g/t g/t Ag Moz Ag Source: Company Ticker Mkt Cap. ($m) Project Status Commodities Mt Moz Mt Moz Mt Moz Mt Moz % silver Link Ag Ag Ag Ag Eq. Eq. ASX Andean Silver ASL 453.0 Cerro Bayo Resource Ag
Slide 21: High Grade Native Silver at Elizabeth Hill
Grade High Grade Native Silver at Elizabeth Hill Among the Highest-Grade Silver Intercepts Reported Globally in 2025/26 For personal use only Capital Structure 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 36,009 3 25WCDD001 21.0 1
Slide 22: Open Pit Optimization
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 Calculated Cut-o
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