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The latest update is out from Errawarra Resources Ltd. ( (AU:WCE) ).
West Coast Silver Limited has successfully completed the first tranche of its placement, issuing over 55 million fully paid ordinary shares, raising more than $6 million. This move, along with the conversion of performance rights, aims to enhance the company’s financial position and support its exploration activities at the Elizabeth Hill Project, which holds significant untapped potential for silver deposits.
More about Errawarra Resources Ltd.
West Coast Silver Limited operates in the mining industry, focusing on high-grade silver projects. Its primary project, the Elizabeth Hill Project, is located in Australia and has a proven production history. The company is exploring significant growth potential through the consolidation of surrounding land packages, aiming to discover more silver deposits similar to Elizabeth Hill.
Average Trading Volume: 1,793,678
Technical Sentiment Signal: Buy
Current Market Cap: A$39.02M
Find detailed analytics on WCE stock on TipRanks’ Stock Analysis page.