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Errawarra Resources Ltd. ( (AU:WCE) ) has shared an announcement.
West Coast Silver Limited has completed a $3.2 million capital raising by issuing 16,842,105 fully paid ordinary shares, increasing its total issued capital to 350,707,258 shares alongside a suite of unlisted options and performance rights. The strengthened balance sheet is expected to support ongoing exploration and growth activities at the high-grade Elizabeth Hill silver project and across the company’s expanded 180km² tenure, enhancing its ability to unlock additional silver resources and consolidate its position in a highly prospective Western Australian mining district.
More about Errawarra Resources Ltd.
West Coast Silver Limited is an ASX-listed resources company focused on silver exploration and development in Western Australia. Its flagship asset is the historic high-grade Elizabeth Hill silver project, where past production delivered 1.2 million ounces of silver from relatively small ore tonnages, and where the company now controls a consolidated 180km² land package along the prospective Munni Munni fault system, targeting further “Elizabeth Hill-style” deposits in a Tier 1 mining jurisdiction.
Average Trading Volume: 2,655,486
Technical Sentiment Signal: Buy
Current Market Cap: A$81.8M
See more insights into WCE stock on TipRanks’ Stock Analysis page.