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Errawarra Resources Ltd. ( (AU:WCE) ) just unveiled an announcement.
West Coast Silver reported a busy December quarter centred on resource growth and de-risking at its Elizabeth Hill Silver Project in the Pilbara, where it completed a Phase 2 diamond drilling program of 13 holes and a 76-hole near-mine and regional aircore campaign. Visual logging and pXRF readings indicate native silver and silver-bearing minerals in the majority of diamond holes, with mineralisation interpreted to plunge south and potentially widen above historical workings, while deeper intersections suggest a larger mineral system at depth, with assays pending. Aircore drilling has highlighted strong geological indicators analogous to the high-grade Elizabeth Hill orebody and confirmed fertile ultramafic–granite contacts across multiple prospects, supported by ongoing geophysical work including drone magnetics and TEM surveys to refine targets along the Munni Munni fault corridor. Strategically, the company has signed a non-binding MoU with Artemis Resources to assess treating Elizabeth Hill ore through the Radio Hill Processing Plant, providing a potential processing pathway, and bolstered its balance sheet with a $3.2 million share placement completed after quarter end, lifting cash to $6.7 million and funding further drilling and project evaluation.
More about Errawarra Resources Ltd.
West Coast Silver Limited is an ASX-listed mineral exploration company focused on silver in the Pilbara region of Western Australia, with its flagship asset being a 70%-owned interest in the Elizabeth Hill Silver Project. The company is also exposed to regional growth via a consolidated ~180 km² land position targeting similar silver systems and maintains additional exploration joint ventures, including a gold-focused JV with Falcon Metals.
Average Trading Volume: 2,731,368
Technical Sentiment Signal: Buy
Current Market Cap: A$91.46M
For detailed information about WCE stock, go to TipRanks’ Stock Analysis page.