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Errawarra Resources Ltd. ( (AU:WCE) ) has issued an announcement.
West Coast Silver Limited has secured firm commitments to raise $3.2 million through a placement of 16.84 million new shares to institutional, professional and sophisticated investors at $0.19 per share, an 11.9% discount to its 15-day VWAP. The funds will support ongoing drilling, assay processing and follow-up exploration at the Elizabeth Hill Silver Project, as well as evaluation of near-mine and regional targets to identify additional silver mineralisation, alongside technical site visits in early 2026. The capital injection strengthens the company’s balance sheet and underpins an expanded, well-funded exploration program for 2026, with assay results expected early in the new year and multiple near-term newsflow catalysts anticipated for shareholders.
More about Errawarra Resources Ltd.
West Coast Silver Limited is an ASX-listed exploration company focused on silver, with its flagship Elizabeth Hill Silver Project and a broader consolidated project area where it targets Elizabeth Hill–style mineralisation and potential repeat deposits within the surrounding district.
Average Trading Volume: 2,534,345
Technical Sentiment Signal: Buy
Current Market Cap: A$88.47M
For a thorough assessment of WCE stock, go to TipRanks’ Stock Analysis page.