# WCE: 2026 Annual Report

Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/wce-2026-annual-report--1f5c681d-4b58-4aa6-a77e-78c58975678a

Original source: https://www.asx.com.au/asx/v2/statistics/displayAnnouncement.do?display=pdf&idsId=03146499

Publisher: asx

Original announcement: 2026-09-30T07:02:00.000Z

Analysis by Minestarters Atlas

Atlas analysis published: 2026-09-30T08:40:08.724Z

Atlas analysis updated: 2026-09-30T08:40:08.724Z

- Company: West Coast Silver Limited

- Ticker: WCE

- Exchange: ASX

- Region: Western Australia

- Primary commodity: Silver

- Secondary commodities: Gold, Copper, Nickel, Palladium, Lead, Graphite

- Document categories: Drill results, Resource update, Capital raise

- Extracted: 2026-09-30 08:40:09 UTC

Narrative sentiment: 0.90 · Bullish

## Minestarters Atlas summary

West Coast Silver Limited's annual report highlights a transformative year, marked by the delivery of a maiden JORC \(2012\) Mineral Resource Estimate for its flagship Elizabeth Hill Silver Project, totaling 141,000 tonnes at 617 g/t silver for 2.795 million ounces of contained silver. The company also reported numerous high-grade silver drill intercepts, including bonanza grades up to 23,360 g/t silver, extending mineralization beyond the current resource footprint. Successful capital raisings, including an oversubscribed A$6.0 million placement, have positioned the company to accelerate drilling and technical studies.

Reasoning: West Coast Silver Limited delivered a maiden JORC \(2012\) Mineral Resource Estimate for its flagship Elizabeth Hill Silver Project, reporting significant high-grade silver intercepts that extend mineralization and demonstrate bonanza grades. The company also successfully completed capital raisings to fund future exploration and development, indicating strong progress and positive outlook.

- Positive factor: Maiden JORC MRE

- Positive factor: Bonanza Intercept

- Positive factor: Step-Out Extension

- Positive factor: Tonnage Growth

- Positive factor: Category Upgrade

- Positive factor: QP/CP Signed

- Positive factor: JORC Compliant

- Positive factor: Cut-off Disclosed

- Positive factor: QA/QC Disclosed

- Negative factor: Apparent Width Only

- Negative factor: Inferred Resource

Low confidence — this extraction should be reviewed alongside the original source.

Facts used in scoring: 54

## Classification and evidence

**Maiden Resource**

Polarity: neutral

Definition: First formal MRE for the project — establishes baseline but typically exploration-stage with high Inferred component.

Why it applies: The document explicitly states 'delivery, in April 2026, of a maiden JORC \(2012\) Mineral Resource Estimate for Elizabeth Hill'.

Evidence · text

> delivery, in April 2026, of a maiden JORC \(2012\) Mineral Resource Estimate for Elizabeth Hill

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: The Mineral Resource Estimate is reported as 'JORC \(2012\) Mineral Resource Estimate'.

Evidence · text

> maiden JORC \(2012\) Mineral Resource Estimate

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: The MRE is signed off by 'Mr Phil Jankowski' as a Competent Person, and exploration results by 'Mr Tony Donaghy'.

Evidence · text

> The information in this Report that relates to the current Mineral Resource estimate is based on, and fairly reflects, information compiled by Mr Phil Jankowski.

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: The resource was 'reported above a 20 g/t cut-off grade'.

Evidence · text

> reported above a 20 g/t cut-off grade

**Bonanza Intercept**

Polarity: positive

Definition: Exceptionally high-grade zone, well above the deposit-type norm.

Why it applies: Multiple drill intercepts report exceptionally high silver grades, such as '33,107 g/t silver', '1,314 g/t Ag', and '23,360 g/t Ag', which are well above the 500 g/t exceptional threshold for silver.

Evidence · text

> peak assay of 33,107 g/t silver

**Apparent Width Only**

Polarity: negative

Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Why it applies: The document explicitly states 'All drilling intervals quoted below are downhole lengths and are not true widths'.

Evidence · text

> All drilling intervals quoted below are downhole lengths and are not true widths.

**Step-Out Extension**

Polarity: positive

Definition: Mineralization extended beyond the previously known limit.

Why it applies: Drilling 'extended high-grade, near-surface silver mineralisation beyond the initial footprint' and 'extended mineralisation beyond the current Mineral Resource Estimate to the west and near surface'.

Evidence · text

> extended high-grade, near-surface silver mineralisation beyond the initial footprint

**Inferred Resource**

Polarity: negative

Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: The maiden MRE includes a significant 'Inferred' category of 57,000 tonnes at 1,331 g/t silver.

Evidence · table

> Inferred

Context: 57,000 t

**Resource Update**

Polarity: neutral

Definition: Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: The company mentions a 'planned Mineral Resource update in the December 2026 quarter'.

Evidence · text

> planned Mineral Resource update in the December 2026 quarter

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: The document refers to 'assay quality control' and includes a 'COMPETENT PERSON STATEMENT \(Exploration Results\)' which implies QA/QC procedures.

Evidence · text

> assay quality control

## Extracted facts

Stored fact records: 54. Some facts used in scoring do not have a stored record.

## Drill Results (52)

### Fact 1

[Link to this fact](https://atlas-staging.minestarters.com/news/wce-2026-annual-report--1f5c681d-4b58-4aa6-a77e-78c58975678a#fact-drill-facts-2)

Elizabeth Hill North · silver

Needs review: drill\_no\_hole\_id

#### Identity

- Project: Elizabeth Hill North
- Commodity: silver
- Region: australia\_wa
- Reported Region: australia\_wa
- Ticker: WCE

#### Geometry

- Grade: 1314
- Grade Unit: g/t
- Intercept: 27.4 m

#### Classification

- Program: exploration
- Sample Type: drill

#### QA/QC

- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards

#### Review

- Needs Review: Yes
- Review Reason: drill\_no\_hole\_id
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: A very high-grade silver intercept over a significant width, indicating strong mineralization, though reported as downhole length.

- Positive factor: Bonanza Intercept

- Positive factor: QA/QC Disclosed

- Positive factor: QP/CP Signed

- Negative factor: Apparent Width Only

Evidence · text

> 27.4 metres at 1,314 g/t silver

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

### Fact 2

[Link to this fact](https://atlas-staging.minestarters.com/news/wce-2026-annual-report--1f5c681d-4b58-4aa6-a77e-78c58975678a#fact-drill-facts-3)

Elizabeth Hill North · silver

Needs review: drill\_no\_hole\_id

#### Identity

- Project: Elizabeth Hill North
- Commodity: silver
- Region: australia\_wa
- Reported Region: australia\_wa
- Ticker: WCE

#### Geometry

- Grade: 25
- Grade Unit: g/t
- Intercept: 60 m
- From: 0 m
- To: 60 m
- Intercept Depth: 0 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: Elizabeth\_Hill\_North:0-60

#### QA/QC

- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards

#### Review

- Needs Review: Yes
- Review Reason: drill\_no\_hole\_id
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: A broad, shallow silver intercept from surface, indicating near-surface mineralization potential, though reported as downhole length.

- Positive factor: Step-Out Extension

- Positive factor: QA/QC Disclosed

- Positive factor: QP/CP Signed

- Negative factor: Apparent Width Only

Evidence · text

> 60 metres at 25 g/t silver from surface

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

### Fact 3

[Link to this fact](https://atlas-staging.minestarters.com/news/wce-2026-annual-report--1f5c681d-4b58-4aa6-a77e-78c58975678a#fact-drill-facts-4)

Elizabeth Hill North · silver

Needs review: drill\_no\_hole\_id

#### Identity

- Project: Elizabeth Hill North
- Commodity: silver
- Region: australia\_wa
- Reported Region: australia\_wa
- Ticker: WCE

#### Geometry

- Grade: 878
- Grade Unit: g/t
- Intercept: 38.3 m
- From: 3.7 m
- To: 42 m
- Intercept Depth: 3.7 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: Elizabeth\_Hill\_North:3.7-42

#### QA/QC

- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards

#### Review

- Needs Review: Yes
- Review Reason: drill\_no\_hole\_id
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: Exceptional near-surface silver intersection with bonanza grades, extending mineralization and supporting a planned resource update, though reported as downhole length.

- Positive factor: Bonanza Intercept

- Positive factor: Step-Out Extension

- Positive factor: QA/QC Disclosed

- Positive factor: QP/CP Signed

- Negative factor: Apparent Width Only

Evidence · text

> 38.3 metres at 878 g/t silver from 3.7 metres

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

### Fact 4

[Link to this fact](https://atlas-staging.minestarters.com/news/wce-2026-annual-report--1f5c681d-4b58-4aa6-a77e-78c58975678a#fact-drill-facts-5)

Elizabeth Hill North · silver

Needs review: drill\_no\_hole\_id

#### Identity

- Project: Elizabeth Hill North
- Commodity: silver
- Region: australia\_wa
- Reported Region: australia\_wa
- Ticker: WCE

#### Geometry

- Grade: 1495
- Grade Unit: g/t
- Intercept: 22.3 m

#### Classification

- Program: exploration
- Sample Type: drill

#### QA/QC

- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards

#### Review

- Needs Review: Yes
- Review Reason: drill\_no\_hole\_id
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: A very high-grade sub-interval within a broader bonanza intercept, further highlighting the strong silver mineralization, though reported as downhole length.

- Positive factor: Bonanza Intercept

- Positive factor: QA/QC Disclosed

- Positive factor: QP/CP Signed

- Negative factor: Apparent Width Only

Evidence · text

> 22.3 metres at 1,495 g/t silver

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

### Fact 5

[Link to this fact](https://atlas-staging.minestarters.com/news/wce-2026-annual-report--1f5c681d-4b58-4aa6-a77e-78c58975678a#fact-drill-facts-6)

Elizabeth Hill North · silver

Needs review: drill\_no\_hole\_id

#### Identity

- Project: Elizabeth Hill North
- Commodity: silver
- Region: australia\_wa
- Reported Region: australia\_wa
- Ticker: WCE

#### Geometry

- Grade: 2253
- Grade Unit: g/t
- Intercept: 13.5 m
- From: 45 m
- To: 58.5 m
- Intercept Depth: 45 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: Elizabeth\_Hill\_North:45-58.5

#### QA/QC

- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards

#### Review

- Needs Review: Yes
- Review Reason: drill\_no\_hole\_id
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: Another high-grade silver zone with bonanza grades, indicating multiple mineralized structures, though reported as downhole length.

- Positive factor: Bonanza Intercept

- Positive factor: QA/QC Disclosed

- Positive factor: QP/CP Signed

- Negative factor: Apparent Width Only

Evidence · text

> 13.5m at 2,253 g/t silver from 45m

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

### Fact 6

[Link to this fact](https://atlas-staging.minestarters.com/news/wce-2026-annual-report--1f5c681d-4b58-4aa6-a77e-78c58975678a#fact-drill-facts-7)

Elizabeth Hill North · silver

Needs review: drill\_no\_hole\_id

#### Identity

- Project: Elizabeth Hill North
- Commodity: silver
- Region: australia\_wa
- Reported Region: australia\_wa
- Ticker: WCE

#### Geometry

- Grade: 524
- Grade Unit: g/t
- Intercept: 3 m

#### Classification

- Program: exploration
- Sample Type: drill

#### QA/QC

- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards

#### Review

- Needs Review: Yes
- Review Reason: drill\_no\_hole\_id
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: A high-grade silver intercept, confirming a new high-grade zone beneath historical workings, though reported as downhole length.

- Positive factor: Bonanza Intercept

- Positive factor: QA/QC Disclosed

- Positive factor: QP/CP Signed

- Negative factor: Apparent Width Only

Evidence · text

> 3 m at 524 g/t Ag

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

### Fact 7

[Link to this fact](https://atlas-staging.minestarters.com/news/wce-2026-annual-report--1f5c681d-4b58-4aa6-a77e-78c58975678a#fact-drill-facts-8)

Elizabeth Hill North · silver

Needs review: drill\_no\_hole\_id

#### Identity

- Project: Elizabeth Hill North
- Commodity: silver
- Region: australia\_wa
- Reported Region: australia\_wa
- Ticker: WCE

#### Geometry

- Grade: 1039
- Grade Unit: g/t
- Intercept: 1.5 m

#### Classification

- Program: exploration
- Sample Type: drill

#### QA/QC

- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards

#### Review

- Needs Review: Yes
- Review Reason: drill\_no\_hole\_id
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: A very high-grade sub-interval within a new high-grade zone, further confirming strong silver mineralization, though reported as downhole length.

- Positive factor: Bonanza Intercept

- Positive factor: QA/QC Disclosed

- Positive factor: QP/CP Signed

- Negative factor: Apparent Width Only

Evidence · text

> 1.5m at 1,039 g/t Ag

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

### 26WCRC004

[Link to this fact](https://atlas-staging.minestarters.com/news/wce-2026-annual-report--1f5c681d-4b58-4aa6-a77e-78c58975678a#fact-drill-facts-9)

Elizabeth Hill North · silver

#### Identity

- Hole ID: 26WCRC004
- Project: Elizabeth Hill North
- Commodity: silver
- Region: australia\_wa
- Reported Region: australia\_wa
- Ticker: WCE

#### Geometry

- Grade: 25
- Grade Unit: g/t
- Intercept: 60 m
- From: 0 m
- To: 60 m
- Intercept Depth: 0 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: 26WCRC004:0-60

#### Location

- Location: South Zone
- Loc. Source: document

#### QA/QC

- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: Broad, shallow silver mineralization from surface, extending the known footprint, though reported as downhole length.

- Positive factor: Step-Out Extension

- Positive factor: QA/QC Disclosed

- Positive factor: QP/CP Signed

- Negative factor: Apparent Width Only

Evidence · text

> 60 m at 25 g/t Ag from surface in 26WCRC004

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

### 26WCRC002

[Link to this fact](https://atlas-staging.minestarters.com/news/wce-2026-annual-report--1f5c681d-4b58-4aa6-a77e-78c58975678a#fact-drill-facts-10)

Elizabeth Hill North · silver

#### Identity

- Hole ID: 26WCRC002
- Project: Elizabeth Hill North
- Commodity: silver
- Region: australia\_wa
- Reported Region: australia\_wa
- Ticker: WCE

#### Geometry

- Grade: 29
- Grade Unit: g/t
- Intercept: 28 m
- From: 2 m
- To: 30 m
- Intercept Depth: 2 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: 26WCRC002:2-30

#### Location

- Location: South Zone
- Loc. Source: document

#### QA/QC

- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: Broad, shallow silver mineralization, extending the known footprint, though reported as downhole length.

- Positive factor: Step-Out Extension

- Positive factor: QA/QC Disclosed

- Positive factor: QP/CP Signed

- Negative factor: Apparent Width Only

Evidence · text

> 28 m at 29 g/t Ag from 2 m in 26WCRC002

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

### 26WCRC003

[Link to this fact](https://atlas-staging.minestarters.com/news/wce-2026-annual-report--1f5c681d-4b58-4aa6-a77e-78c58975678a#fact-drill-facts-11)

Elizabeth Hill North · silver

#### Identity

- Hole ID: 26WCRC003
- Project: Elizabeth Hill North
- Commodity: silver
- Region: australia\_wa
- Reported Region: australia\_wa
- Ticker: WCE

#### Geometry

- Grade: 25
- Grade Unit: g/t
- Intercept: 14 m
- From: 3 m
- To: 17 m
- Intercept Depth: 3 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: 26WCRC003:3-17

#### Location

- Location: South Zone
- Loc. Source: document

#### QA/QC

- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: Shallow silver mineralization, contributing to the extension of the resource footprint, though reported as downhole length.

- Positive factor: Step-Out Extension

- Positive factor: QA/QC Disclosed

- Positive factor: QP/CP Signed

- Negative factor: Apparent Width Only

Evidence · text

> 14 m at 25 g/t Ag from 3 m

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

### 26WCRC003

[Link to this fact](https://atlas-staging.minestarters.com/news/wce-2026-annual-report--1f5c681d-4b58-4aa6-a77e-78c58975678a#fact-drill-facts-12)

Elizabeth Hill North · silver

#### Identity

- Hole ID: 26WCRC003
- Project: Elizabeth Hill North
- Commodity: silver
- Region: australia\_wa
- Reported Region: australia\_wa
- Ticker: WCE

#### Geometry

- Grade: 21
- Grade Unit: g/t
- Intercept: 16 m
- From: 26 m
- To: 42 m
- Intercept Depth: 26 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: 26WCRC003:26-42

#### Location

- Location: South Zone
- Loc. Source: document

#### QA/QC

- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: Further silver mineralization in the same hole, extending the known footprint, though reported as downhole length.

- Positive factor: Step-Out Extension

- Positive factor: QA/QC Disclosed

- Positive factor: QP/CP Signed

- Negative factor: Apparent Width Only

Evidence · text

> 16 m at 21 g/t Ag from 26 m in 26WCRC003

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

### 26WCRC012

[Link to this fact](https://atlas-staging.minestarters.com/news/wce-2026-annual-report--1f5c681d-4b58-4aa6-a77e-78c58975678a#fact-drill-facts-13)

Elizabeth Hill North · silver

#### Identity

- Hole ID: 26WCRC012
- Project: Elizabeth Hill North
- Commodity: silver
- Region: australia\_wa
- Reported Region: australia\_wa
- Ticker: WCE

#### Geometry

- Grade: 96
- Grade Unit: g/t
- Intercept: 2 m
- From: 91 m
- To: 93 m
- Intercept Depth: 91 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: 26WCRC012:91-93

#### Location

- Location: South Zone
- Loc. Source: document

#### QA/QC

- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: A moderate-grade silver intercept at depth, contributing to the understanding of the mineralized system, though reported as downhole length.

- Positive factor: QA/QC Disclosed

- Positive factor: QP/CP Signed

- Negative factor: Apparent Width Only

Evidence · text

> 2 m at 96 g/t Ag from 91 m in 26WCRC012

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

### 26WCRC011

[Link to this fact](https://atlas-staging.minestarters.com/news/wce-2026-annual-report--1f5c681d-4b58-4aa6-a77e-78c58975678a#fact-drill-facts-14)

Elizabeth Hill North · silver

#### Identity

- Hole ID: 26WCRC011
- Project: Elizabeth Hill North
- Commodity: silver
- Region: australia\_wa
- Reported Region: australia\_wa
- Ticker: WCE

#### Geometry

- Grade: 157
- Grade Unit: g/t
- Intercept: 1 m
- From: 0 m
- To: 1 m
- Intercept Depth: 0 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: 26WCRC011:0-1

#### Location

- Location: South Zone
- Loc. Source: document

#### QA/QC

- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: A high-grade shallow silver intercept from surface, indicating near-surface potential, though reported as downhole length.

- Positive factor: QA/QC Disclosed

- Positive factor: QP/CP Signed

- Negative factor: Apparent Width Only

Evidence · text

> 1 m at 157 g/t Ag from surface in 26WCRC011

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

### 26WCRC020

[Link to this fact](https://atlas-staging.minestarters.com/news/wce-2026-annual-report--1f5c681d-4b58-4aa6-a77e-78c58975678a#fact-drill-facts-15)

Elizabeth Hill North · silver

#### Identity

- Hole ID: 26WCRC020
- Project: Elizabeth Hill North
- Commodity: silver
- Region: australia\_wa
- Reported Region: australia\_wa
- Ticker: WCE

#### Geometry

- Grade: 26
- Grade Unit: g/t
- Intercept: 44 m
- From: 0 m
- To: 44 m
- Intercept Depth: 0 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: 26WCRC020:0-44

#### Location

- Location: South Zone
- Loc. Source: document

#### QA/QC

- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: Broad, near-surface silver mineralization, extending the resource footprint to the west, though reported as downhole length.

- Positive factor: Step-Out Extension

- Positive factor: QA/QC Disclosed

- Positive factor: QP/CP Signed

- Negative factor: Apparent Width Only

Evidence · text

> 44 m at 26 g/t Ag from surface

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

### 26WCRC020

[Link to this fact](https://atlas-staging.minestarters.com/news/wce-2026-annual-report--1f5c681d-4b58-4aa6-a77e-78c58975678a#fact-drill-facts-16)

Elizabeth Hill North · silver

#### Identity

- Hole ID: 26WCRC020
- Project: Elizabeth Hill North
- Commodity: silver
- Region: australia\_wa
- Reported Region: australia\_wa
- Ticker: WCE

#### Geometry

- Grade: 30
- Grade Unit: g/t
- Intercept: 31 m
- From: 3 m
- To: 34 m
- Intercept Depth: 3 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: 26WCRC020:3-34

#### Location

- Location: South Zone
- Loc. Source: document

#### QA/QC

- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: A higher-grade sub-interval within the broad near-surface mineralization, further confirming the extension, though reported as downhole length.

- Positive factor: Step-Out Extension

- Positive factor: QA/QC Disclosed

- Positive factor: QP/CP Signed

- Negative factor: Apparent Width Only

Evidence · text

> 31 m at 30 g/t Ag from 3 m

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

### 26WCRC019

[Link to this fact](https://atlas-staging.minestarters.com/news/wce-2026-annual-report--1f5c681d-4b58-4aa6-a77e-78c58975678a#fact-drill-facts-17)

Elizabeth Hill North · silver

#### Identity

- Hole ID: 26WCRC019
- Project: Elizabeth Hill North
- Commodity: silver
- Region: australia\_wa
- Reported Region: australia\_wa
- Ticker: WCE

#### Geometry

- Grade: 23
- Grade Unit: g/t
- Intercept: 41 m
- From: 1 m
- To: 42 m
- Intercept Depth: 1 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: 26WCRC019:1-42

#### Location

- Location: South Zone
- Loc. Source: document

#### QA/QC

- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: Broad, near-surface silver mineralization, extending the resource footprint, though reported as downhole length.

- Positive factor: Step-Out Extension

- Positive factor: QA/QC Disclosed

- Positive factor: QP/CP Signed

- Negative factor: Apparent Width Only

Evidence · text

> 41 m at 23 g/t Ag from 1 m

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

### 26WCRC019

[Link to this fact](https://atlas-staging.minestarters.com/news/wce-2026-annual-report--1f5c681d-4b58-4aa6-a77e-78c58975678a#fact-drill-facts-18)

Elizabeth Hill North · silver

#### Identity

- Hole ID: 26WCRC019
- Project: Elizabeth Hill North
- Commodity: silver
- Region: australia\_wa
- Reported Region: australia\_wa
- Ticker: WCE

#### Geometry

- Grade: 27
- Grade Unit: g/t
- Intercept: 26 m
- From: 16 m
- To: 42 m
- Intercept Depth: 16 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: 26WCRC019:16-42

#### Location

- Location: South Zone
- Loc. Source: document

#### QA/QC

- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: A higher-grade sub-interval within the broad near-surface mineralization, further confirming the extension, though reported as downhole length.

- Positive factor: Step-Out Extension

- Positive factor: QA/QC Disclosed

- Positive factor: QP/CP Signed

- Negative factor: Apparent Width Only

Evidence · text

> 26 m at 27 g/t Ag from 16 m

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

### 26WCRC025

[Link to this fact](https://atlas-staging.minestarters.com/news/wce-2026-annual-report--1f5c681d-4b58-4aa6-a77e-78c58975678a#fact-drill-facts-19)

Elizabeth Hill North · silver

#### Identity

- Hole ID: 26WCRC025
- Project: Elizabeth Hill North
- Commodity: silver
- Region: australia\_wa
- Reported Region: australia\_wa
- Ticker: WCE

#### Geometry

- Grade: 15
- Grade Unit: g/t
- Intercept: 12 m
- From: 31 m
- To: 43 m
- Intercept Depth: 31 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: 26WCRC025:31-43

#### Location

- Location: South Zone
- Loc. Source: document

#### QA/QC

- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: Silver mineralization at moderate depth, contributing to the extension of the resource footprint, though reported as downhole length.

- Positive factor: Step-Out Extension

- Positive factor: QA/QC Disclosed

- Positive factor: QP/CP Signed

- Negative factor: Apparent Width Only

Evidence · text

> 12 m at 15 g/t Ag from 31 m in 26WCRC025

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

### 26WCRC018

[Link to this fact](https://atlas-staging.minestarters.com/news/wce-2026-annual-report--1f5c681d-4b58-4aa6-a77e-78c58975678a#fact-drill-facts-20)

Elizabeth Hill North · lead

#### Identity

- Hole ID: 26WCRC018
- Project: Elizabeth Hill North
- Commodity: lead
- Region: australia\_wa
- Reported Region: australia\_wa
- Ticker: WCE

#### Geometry

- Grade: 5.3
- Grade Unit: %
- Intercept: 9 m
- From: 55 m
- To: 64 m
- Intercept Depth: 55 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: 26WCRC018:55-64

#### Location

- Location: South Zone
- Loc. Source: document

#### QA/QC

- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: Significant lead mineralization at moderate depth, identified as a potential geochemical targeting criterion, though reported as downhole length.

- Positive factor: QA/QC Disclosed

- Positive factor: QP/CP Signed

- Negative factor: Apparent Width Only

Evidence · text

> 9 m at 5.3% Pb from 55 m

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

### 26WCRC018

[Link to this fact](https://atlas-staging.minestarters.com/news/wce-2026-annual-report--1f5c681d-4b58-4aa6-a77e-78c58975678a#fact-drill-facts-21)

Elizabeth Hill North · lead

#### Identity

- Hole ID: 26WCRC018
- Project: Elizabeth Hill North
- Commodity: lead
- Region: australia\_wa
- Reported Region: australia\_wa
- Ticker: WCE

#### Geometry

- Grade: 17.2
- Grade Unit: %
- Intercept: 1 m

#### Classification

- Program: exploration
- Sample Type: drill

#### Location

- Location: South Zone
- Loc. Source: document

#### QA/QC

- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: A very high-grade individual metre of lead mineralization, indicating strong localized enrichment, though reported as downhole length.

- Positive factor: QA/QC Disclosed

- Positive factor: QP/CP Signed

- Negative factor: Apparent Width Only

Evidence · text

> individual metres at 17.2%

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

### 26WCRC018

[Link to this fact](https://atlas-staging.minestarters.com/news/wce-2026-annual-report--1f5c681d-4b58-4aa6-a77e-78c58975678a#fact-drill-facts-22)

Elizabeth Hill North · lead

#### Identity

- Hole ID: 26WCRC018
- Project: Elizabeth Hill North
- Commodity: lead
- Region: australia\_wa
- Reported Region: australia\_wa
- Ticker: WCE

#### Geometry

- Grade: 16.4
- Grade Unit: %
- Intercept: 1 m

#### Classification

- Program: exploration
- Sample Type: drill

#### Location

- Location: South Zone
- Loc. Source: document

#### QA/QC

- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: Another very high-grade individual metre of lead mineralization, further confirming strong localized enrichment, though reported as downhole length.

- Positive factor: QA/QC Disclosed

- Positive factor: QP/CP Signed

- Negative factor: Apparent Width Only

Evidence · text

> and 16.4% Pb

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

### 25WCDD014

[Link to this fact](https://atlas-staging.minestarters.com/news/wce-2026-annual-report--1f5c681d-4b58-4aa6-a77e-78c58975678a#fact-drill-facts-23)

Elizabeth Hill North · silver

#### Identity

- Hole ID: 25WCDD014
- Project: Elizabeth Hill North
- Commodity: silver
- Region: australia\_wa
- Reported Region: australia\_wa
- Ticker: WCE

#### Geometry

- Grade: 1314
- Grade Unit: g/t
- Intercept: 27.4 m
- From: 49 m
- To: 76.4 m
- Intercept Depth: 49 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: 25WCDD014:49-76.4

#### Location

- Location: South Zone
- Loc. Source: document

#### QA/QC

- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: A very high-grade silver intercept over a significant width, validating historical drilling and providing key inputs for the MRE, though reported as downhole length.

- Positive factor: Bonanza Intercept

- Positive factor: QA/QC Disclosed

- Positive factor: QP/CP Signed

- Negative factor: Apparent Width Only

Evidence · text

> 27.4 m at 1,314 g/t Ag from 49 m in 25WCDD014

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

### 25WCDD014

[Link to this fact](https://atlas-staging.minestarters.com/news/wce-2026-annual-report--1f5c681d-4b58-4aa6-a77e-78c58975678a#fact-drill-facts-24)

Elizabeth Hill North · silver

#### Identity

- Hole ID: 25WCDD014
- Project: Elizabeth Hill North
- Commodity: silver
- Region: australia\_wa
- Reported Region: australia\_wa
- Ticker: WCE

#### Geometry

- Grade: 3677
- Grade Unit: g/t
- Intercept: 4.15 m

#### Classification

- Program: exploration
- Sample Type: drill

#### Location

- Location: South Zone
- Loc. Source: document

#### QA/QC

- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: An extremely high-grade sub-interval within a broader bonanza intercept, demonstrating exceptional silver grades, though reported as downhole length.

- Positive factor: Bonanza Intercept

- Positive factor: QA/QC Disclosed

- Positive factor: QP/CP Signed

- Negative factor: Apparent Width Only

Evidence · text

> 4.15 m at 3,677 g/t Ag

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

### 25WCDD014

[Link to this fact](https://atlas-staging.minestarters.com/news/wce-2026-annual-report--1f5c681d-4b58-4aa6-a77e-78c58975678a#fact-drill-facts-25)

Elizabeth Hill North · silver

#### Identity

- Hole ID: 25WCDD014
- Project: Elizabeth Hill North
- Commodity: silver
- Region: australia\_wa
- Reported Region: australia\_wa
- Ticker: WCE

#### Geometry

- Grade: 16291
- Grade Unit: g/t
- Intercept: 0.4 m

#### Classification

- Program: exploration
- Sample Type: drill

#### Location

- Location: South Zone
- Loc. Source: document

#### QA/QC

- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: An exceptionally high-grade sub-interval, indicating bonanza silver mineralization, though reported as downhole length.

- Positive factor: Bonanza Intercept

- Positive factor: QA/QC Disclosed

- Positive factor: QP/CP Signed

- Negative factor: Apparent Width Only

Evidence · text

> 0.4 m at 16,291 g/t Ag

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

### 25WCDD014

[Link to this fact](https://atlas-staging.minestarters.com/news/wce-2026-annual-report--1f5c681d-4b58-4aa6-a77e-78c58975678a#fact-drill-facts-26)

Elizabeth Hill North · silver

#### Identity

- Hole ID: 25WCDD014
- Project: Elizabeth Hill North
- Commodity: silver
- Region: australia\_wa
- Reported Region: australia\_wa
- Ticker: WCE

#### Geometry

- Grade: 5290
- Grade Unit: g/t
- Intercept: 0.9 m

#### Classification

- Program: exploration
- Sample Type: drill

#### Location

- Location: South Zone
- Loc. Source: document

#### QA/QC

- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: A very high-grade sub-interval, indicating bonanza silver mineralization, though reported as downhole length.

- Positive factor: Bonanza Intercept

- Positive factor: QA/QC Disclosed

- Positive factor: QP/CP Signed

- Negative factor: Apparent Width Only

Evidence · text

> 0.9 m at 5,290 g/t Ag

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

### 25WCDD014

[Link to this fact](https://atlas-staging.minestarters.com/news/wce-2026-annual-report--1f5c681d-4b58-4aa6-a77e-78c58975678a#fact-drill-facts-27)

Elizabeth Hill North · silver

#### Identity

- Hole ID: 25WCDD014
- Project: Elizabeth Hill North
- Commodity: silver
- Region: australia\_wa
- Reported Region: australia\_wa
- Ticker: WCE

#### Geometry

- Grade: 5660
- Grade Unit: g/t
- Intercept: 0.28 m

#### Classification

- Program: exploration
- Sample Type: drill

#### Location

- Location: South Zone
- Loc. Source: document

#### QA/QC

- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: An exceptionally high-grade sub-interval, indicating bonanza silver mineralization, though reported as downhole length.

- Positive factor: Bonanza Intercept

- Positive factor: QA/QC Disclosed

- Positive factor: QP/CP Signed

- Negative factor: Apparent Width Only

Evidence · text

> 0.28 m at 5,660 g/t Ag

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

### 25WCDD014

[Link to this fact](https://atlas-staging.minestarters.com/news/wce-2026-annual-report--1f5c681d-4b58-4aa6-a77e-78c58975678a#fact-drill-facts-28)

Elizabeth Hill North · silver

#### Identity

- Hole ID: 25WCDD014
- Project: Elizabeth Hill North
- Commodity: silver
- Region: australia\_wa
- Reported Region: australia\_wa
- Ticker: WCE

#### Geometry

- Grade: 7288
- Grade Unit: g/t
- Intercept: 2.4 m

#### Classification

- Program: exploration
- Sample Type: drill

#### Location

- Location: South Zone
- Loc. Source: document

#### QA/QC

- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: A very high-grade sub-interval, indicating bonanza silver mineralization, though reported as downhole length.

- Positive factor: Bonanza Intercept

- Positive factor: QA/QC Disclosed

- Positive factor: QP/CP Signed

- Negative factor: Apparent Width Only

Evidence · text

> 2.4 m at 7,288 g/t Ag

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

### 25WCDD019

[Link to this fact](https://atlas-staging.minestarters.com/news/wce-2026-annual-report--1f5c681d-4b58-4aa6-a77e-78c58975678a#fact-drill-facts-29)

Elizabeth Hill North · silver

#### Identity

- Hole ID: 25WCDD019
- Project: Elizabeth Hill North
- Commodity: silver
- Region: australia\_wa
- Reported Region: australia\_wa
- Ticker: WCE

#### Geometry

- Grade: 578
- Grade Unit: g/t
- Intercept: 22 m
- From: 6 m
- To: 28 m
- Intercept Depth: 6 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: 25WCDD019:6-28

#### Location

- Location: South Zone
- Loc. Source: document

#### QA/QC

- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: A high-grade silver intercept near surface, validating historical drilling and providing key inputs for the MRE, though reported as downhole length.

- Positive factor: Bonanza Intercept

- Positive factor: QA/QC Disclosed

- Positive factor: QP/CP Signed

- Negative factor: Apparent Width Only

Evidence · text

> 22.0 m at 578 g/t Ag from 6 m

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

### 25WCDD019

[Link to this fact](https://atlas-staging.minestarters.com/news/wce-2026-annual-report--1f5c681d-4b58-4aa6-a77e-78c58975678a#fact-drill-facts-30)

Elizabeth Hill North · silver

#### Identity

- Hole ID: 25WCDD019
- Project: Elizabeth Hill North
- Commodity: silver
- Region: australia\_wa
- Reported Region: australia\_wa
- Ticker: WCE

#### Geometry

- Grade: 9070
- Grade Unit: g/t
- Intercept: 0.9 m

#### Classification

- Program: exploration
- Sample Type: drill

#### Location

- Location: South Zone
- Loc. Source: document

#### QA/QC

- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: An exceptionally high-grade sub-interval, indicating bonanza silver mineralization, though reported as downhole length.

- Positive factor: Bonanza Intercept

- Positive factor: QA/QC Disclosed

- Positive factor: QP/CP Signed

- Negative factor: Apparent Width Only

Evidence · text

> 0.90 m at 9,070 g/t Ag

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

### 25WCDD022

[Link to this fact](https://atlas-staging.minestarters.com/news/wce-2026-annual-report--1f5c681d-4b58-4aa6-a77e-78c58975678a#fact-drill-facts-31)

Elizabeth Hill North · silver

#### Identity

- Hole ID: 25WCDD022
- Project: Elizabeth Hill North
- Commodity: silver
- Region: australia\_wa
- Reported Region: australia\_wa
- Ticker: WCE

#### Geometry

- Grade: 1252
- Grade Unit: g/t
- Intercept: 1.95 m
- From: 54.6 m
- To: 56.55 m
- Intercept Depth: 54.6 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: 25WCDD022:54.6-56.55

#### Location

- Location: South Zone
- Loc. Source: document

#### QA/QC

- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: A very high-grade silver intercept, validating historical drilling and providing key inputs for the MRE, though reported as downhole length.

- Positive factor: Bonanza Intercept

- Positive factor: QA/QC Disclosed

- Positive factor: QP/CP Signed

- Negative factor: Apparent Width Only

Evidence · text

> 1.95 m at 1,252 g/t Ag from 54.60 m

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

### 25WCDD022

[Link to this fact](https://atlas-staging.minestarters.com/news/wce-2026-annual-report--1f5c681d-4b58-4aa6-a77e-78c58975678a#fact-drill-facts-32)

Elizabeth Hill North · silver

#### Identity

- Hole ID: 25WCDD022
- Project: Elizabeth Hill North
- Commodity: silver
- Region: australia\_wa
- Reported Region: australia\_wa
- Ticker: WCE

#### Geometry

- Grade: 1894
- Grade Unit: g/t
- Intercept: 1.2 m

#### Classification

- Program: exploration
- Sample Type: drill

#### Location

- Location: South Zone
- Loc. Source: document

#### QA/QC

- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: A very high-grade sub-interval, indicating bonanza silver mineralization, though reported as downhole length.

- Positive factor: Bonanza Intercept

- Positive factor: QA/QC Disclosed

- Positive factor: QP/CP Signed

- Negative factor: Apparent Width Only

Evidence · text

> 1.20 m at 1,894 g/t Ag

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

### 26WCDD029

[Link to this fact](https://atlas-staging.minestarters.com/news/wce-2026-annual-report--1f5c681d-4b58-4aa6-a77e-78c58975678a#fact-drill-facts-33)

Elizabeth Hill North · silver

#### Identity

- Hole ID: 26WCDD029
- Project: Elizabeth Hill North
- Commodity: silver
- Region: australia\_wa
- Reported Region: australia\_wa
- Ticker: WCE

#### Geometry

- Grade: 524
- Grade Unit: g/t
- Intercept: 3 m
- From: 183 m
- To: 186 m
- Intercept Depth: 183 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: 26WCDD029:183-186

#### Location

- Location: South Zone
- Loc. Source: document

#### QA/QC

- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: A high-grade silver intercept at depth, discovering a new high-grade zone beneath historical workings, though reported as downhole length.

- Positive factor: Bonanza Intercept

- Positive factor: QA/QC Disclosed

- Positive factor: QP/CP Signed

- Negative factor: Apparent Width Only

Evidence · text

> 3 m at 524 g/t Ag from 183 m

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

### 26WCDD029

[Link to this fact](https://atlas-staging.minestarters.com/news/wce-2026-annual-report--1f5c681d-4b58-4aa6-a77e-78c58975678a#fact-drill-facts-34)

Elizabeth Hill North · silver

#### Identity

- Hole ID: 26WCDD029
- Project: Elizabeth Hill North
- Commodity: silver
- Region: australia\_wa
- Reported Region: australia\_wa
- Ticker: WCE

#### Geometry

- Grade: 1039
- Grade Unit: g/t
- Intercept: 1.5 m
- From: 184.5 m
- To: 186 m
- Intercept Depth: 184.5 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: 26WCDD029:184.5-186

#### Location

- Location: South Zone
- Loc. Source: document

#### QA/QC

- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: A very high-grade sub-interval within a new high-grade zone, further confirming strong silver mineralization, though reported as downhole length.

- Positive factor: Bonanza Intercept

- Positive factor: QA/QC Disclosed

- Positive factor: QP/CP Signed

- Negative factor: Apparent Width Only

Evidence · text

> 1.5 m at 1,039 g/t Ag from 184.5 m

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

### 26WCDD029

[Link to this fact](https://atlas-staging.minestarters.com/news/wce-2026-annual-report--1f5c681d-4b58-4aa6-a77e-78c58975678a#fact-drill-facts-35)

Elizabeth Hill North · nickel

#### Identity

- Hole ID: 26WCDD029
- Project: Elizabeth Hill North
- Commodity: nickel
- Region: australia\_wa
- Reported Region: australia\_wa
- Ticker: WCE

#### Geometry

- Grade: 2.73
- Grade Unit: %
- Intercept: 0.45 m
- From: 154.87 m
- To: 155.32 m
- Intercept Depth: 154.87 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: 26WCDD029:154.87-155.32

#### Location

- Location: South Zone
- Loc. Source: document

#### QA/QC

- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: A high-grade nickel intercept, indicating a separate mineralization style, though reported as downhole length.

- Positive factor: QA/QC Disclosed

- Positive factor: QP/CP Signed

- Negative factor: Apparent Width Only

Evidence · text

> 0.45 m at 2.73% Ni

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

### 26WCDD029

[Link to this fact](https://atlas-staging.minestarters.com/news/wce-2026-annual-report--1f5c681d-4b58-4aa6-a77e-78c58975678a#fact-drill-facts-36)

Elizabeth Hill North · copper

#### Identity

- Hole ID: 26WCDD029
- Project: Elizabeth Hill North
- Commodity: copper
- Region: australia\_wa
- Reported Region: australia\_wa
- Ticker: WCE

#### Geometry

- Grade: 0.93
- Grade Unit: %
- Intercept: 0.45 m
- From: 154.87 m
- To: 155.32 m
- Intercept Depth: 154.87 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: 26WCDD029:154.87-155.32

#### Location

- Location: South Zone
- Loc. Source: document

#### QA/QC

- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: A moderate-grade copper intercept, indicating a separate mineralization style, though reported as downhole length.

- Positive factor: QA/QC Disclosed

- Positive factor: QP/CP Signed

- Negative factor: Apparent Width Only

Evidence · text

> 0.93% Cu

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

### 26WCDD029

[Link to this fact](https://atlas-staging.minestarters.com/news/wce-2026-annual-report--1f5c681d-4b58-4aa6-a77e-78c58975678a#fact-drill-facts-37)

Elizabeth Hill North · palladium

#### Identity

- Hole ID: 26WCDD029
- Project: Elizabeth Hill North
- Commodity: palladium
- Region: australia\_wa
- Reported Region: australia\_wa
- Ticker: WCE

#### Geometry

- Grade: 0.7
- Grade Unit: g/t
- Intercept: 0.45 m
- From: 154.87 m
- To: 155.32 m
- Intercept Depth: 154.87 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: 26WCDD029:154.87-155.32

#### Location

- Location: South Zone
- Loc. Source: document

#### QA/QC

- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: A moderate-grade palladium intercept, indicating a separate mineralization style, though reported as downhole length.

- Positive factor: QA/QC Disclosed

- Positive factor: QP/CP Signed

- Negative factor: Apparent Width Only

Evidence · text

> 0.7 g/t Pd

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

### 26WCDD036

[Link to this fact](https://atlas-staging.minestarters.com/news/wce-2026-annual-report--1f5c681d-4b58-4aa6-a77e-78c58975678a#fact-drill-facts-38)

Elizabeth Hill North · silver

#### Identity

- Hole ID: 26WCDD036
- Project: Elizabeth Hill North
- Commodity: silver
- Region: australia\_wa
- Reported Region: australia\_wa
- Ticker: WCE

#### Geometry

- Grade: 19
- Grade Unit: g/t
- Intercept: 67.1 m
- From: 0 m
- To: 67.1 m
- Intercept Depth: 0 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: 26WCDD036:0-67.1

#### Location

- Location: South Zone
- Loc. Source: document

#### QA/QC

- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: Broad, low-to-moderate grade silver mineralization from surface, extending the resource footprint, though reported as downhole length.

- Positive factor: Step-Out Extension

- Positive factor: QA/QC Disclosed

- Positive factor: QP/CP Signed

- Negative factor: Apparent Width Only

Evidence · text

> 67.1 m at 19 g/t Ag from surface in 26WCDD036

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

### 26WCDD035

[Link to this fact](https://atlas-staging.minestarters.com/news/wce-2026-annual-report--1f5c681d-4b58-4aa6-a77e-78c58975678a#fact-drill-facts-39)

Elizabeth Hill North · silver

#### Identity

- Hole ID: 26WCDD035
- Project: Elizabeth Hill North
- Commodity: silver
- Region: australia\_wa
- Reported Region: australia\_wa
- Ticker: WCE

#### Geometry

- Grade: 19
- Grade Unit: g/t
- Intercept: 48.5 m
- From: 1.5 m
- To: 50 m
- Intercept Depth: 1.5 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: 26WCDD035:1.5-50

#### Location

- Location: South Zone
- Loc. Source: document

#### QA/QC

- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: Broad, low-to-moderate grade silver mineralization near surface, extending the resource footprint, though reported as downhole length.

- Positive factor: Step-Out Extension

- Positive factor: QA/QC Disclosed

- Positive factor: QP/CP Signed

- Negative factor: Apparent Width Only

Evidence · text

> 48.5 m at 19 g/t Ag from 1.5 m in 26WCDD035

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

### 26WCDD033

[Link to this fact](https://atlas-staging.minestarters.com/news/wce-2026-annual-report--1f5c681d-4b58-4aa6-a77e-78c58975678a#fact-drill-facts-40)

Elizabeth Hill North · silver

#### Identity

- Hole ID: 26WCDD033
- Project: Elizabeth Hill North
- Commodity: silver
- Region: australia\_wa
- Reported Region: australia\_wa
- Ticker: WCE

#### Geometry

- Grade: 14
- Grade Unit: g/t
- Intercept: 24 m
- From: 35.5 m
- To: 59.5 m
- Intercept Depth: 35.5 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: 26WCDD033:35.5-59.5

#### Location

- Location: South Zone
- Loc. Source: document

#### QA/QC

- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: Moderate-grade silver mineralization at depth, contributing to the extension of the resource footprint, though reported as downhole length.

- Positive factor: Step-Out Extension

- Positive factor: QA/QC Disclosed

- Positive factor: QP/CP Signed

- Negative factor: Apparent Width Only

Evidence · text

> 24 m at 14 g/t Ag from 35.5 m in 26WCDD033

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

### 26WCDD037

[Link to this fact](https://atlas-staging.minestarters.com/news/wce-2026-annual-report--1f5c681d-4b58-4aa6-a77e-78c58975678a#fact-drill-facts-41)

Elizabeth Hill North · silver

#### Identity

- Hole ID: 26WCDD037
- Project: Elizabeth Hill North
- Commodity: silver
- Region: australia\_wa
- Reported Region: australia\_wa
- Ticker: WCE

#### Geometry

- Grade: 878
- Grade Unit: g/t
- Intercept: 38.3 m
- From: 3.7 m
- To: 42 m
- Intercept Depth: 3.7 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: 26WCDD037:3.7-42

#### Location

- Location: South Zone
- Loc. Source: document

#### QA/QC

- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: Exceptional near-surface silver intersection with bonanza grades, extending mineralization west of the MRE and supporting a planned resource update, though reported as downhole length.

- Positive factor: Bonanza Intercept

- Positive factor: Step-Out Extension

- Positive factor: QA/QC Disclosed

- Positive factor: QP/CP Signed

- Negative factor: Apparent Width Only

Evidence · text

> 26WCDD037: 38.3 m at 878 g/t Ag from 3.7 m

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

### 26WCDD037

[Link to this fact](https://atlas-staging.minestarters.com/news/wce-2026-annual-report--1f5c681d-4b58-4aa6-a77e-78c58975678a#fact-drill-facts-42)

Elizabeth Hill North · silver

#### Identity

- Hole ID: 26WCDD037
- Project: Elizabeth Hill North
- Commodity: silver
- Region: australia\_wa
- Reported Region: australia\_wa
- Ticker: WCE

#### Geometry

- Grade: 1495
- Grade Unit: g/t
- Intercept: 22.3 m

#### Classification

- Program: exploration
- Sample Type: drill

#### Location

- Location: South Zone
- Loc. Source: document

#### QA/QC

- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: A very high-grade sub-interval within a broader bonanza intercept, further highlighting the strong silver mineralization, though reported as downhole length.

- Positive factor: Bonanza Intercept

- Positive factor: QA/QC Disclosed

- Positive factor: QP/CP Signed

- Negative factor: Apparent Width Only

Evidence · text

> 22.3 m at 1,495 g/t Ag

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

### 26WCDD037

[Link to this fact](https://atlas-staging.minestarters.com/news/wce-2026-annual-report--1f5c681d-4b58-4aa6-a77e-78c58975678a#fact-drill-facts-43)

Elizabeth Hill North · silver

#### Identity

- Hole ID: 26WCDD037
- Project: Elizabeth Hill North
- Commodity: silver
- Region: australia\_wa
- Reported Region: australia\_wa
- Ticker: WCE

#### Geometry

- Grade: 23360
- Grade Unit: g/t
- Intercept: 1.4 m

#### Classification

- Program: exploration
- Sample Type: drill

#### Location

- Location: South Zone
- Loc. Source: document

#### QA/QC

- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: An exceptionally high-grade sub-interval, indicating bonanza silver mineralization, though reported as downhole length.

- Positive factor: Bonanza Intercept

- Positive factor: QA/QC Disclosed

- Positive factor: QP/CP Signed

- Negative factor: Apparent Width Only

Evidence · text

> 1.4 m at 23,360 g/t Ag

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

### 26WCDD037

[Link to this fact](https://atlas-staging.minestarters.com/news/wce-2026-annual-report--1f5c681d-4b58-4aa6-a77e-78c58975678a#fact-drill-facts-44)

Elizabeth Hill North · silver

#### Identity

- Hole ID: 26WCDD037
- Project: Elizabeth Hill North
- Commodity: silver
- Region: australia\_wa
- Reported Region: australia\_wa
- Ticker: WCE

#### Geometry

- Grade: 2253
- Grade Unit: g/t
- Intercept: 13.5 m

#### Classification

- Program: exploration
- Sample Type: drill

#### Location

- Location: South Zone
- Loc. Source: document

#### QA/QC

- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: Another high-grade silver zone with bonanza grades, indicating strong mineralization, though reported as downhole length.

- Positive factor: Bonanza Intercept

- Positive factor: QA/QC Disclosed

- Positive factor: QP/CP Signed

- Negative factor: Apparent Width Only

Evidence · text

> 13.5 m at 2,253 g/t Ag

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

### 26WCDD037

[Link to this fact](https://atlas-staging.minestarters.com/news/wce-2026-annual-report--1f5c681d-4b58-4aa6-a77e-78c58975678a#fact-drill-facts-45)

Elizabeth Hill North · silver

#### Identity

- Hole ID: 26WCDD037
- Project: Elizabeth Hill North
- Commodity: silver
- Region: australia\_wa
- Reported Region: australia\_wa
- Ticker: WCE

#### Geometry

- Grade: 3318
- Grade Unit: g/t
- Intercept: 9.15 m

#### Classification

- Program: exploration
- Sample Type: drill

#### Location

- Location: South Zone
- Loc. Source: document

#### QA/QC

- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: A very high-grade sub-interval within a bonanza zone, further confirming exceptional silver grades, though reported as downhole length.

- Positive factor: Bonanza Intercept

- Positive factor: QA/QC Disclosed

- Positive factor: QP/CP Signed

- Negative factor: Apparent Width Only

Evidence · text

> 9.15 m at 3,318 g/t Ag

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

### 26WCDD038

[Link to this fact](https://atlas-staging.minestarters.com/news/wce-2026-annual-report--1f5c681d-4b58-4aa6-a77e-78c58975678a#fact-drill-facts-46)

Elizabeth Hill North · silver

#### Identity

- Hole ID: 26WCDD038
- Project: Elizabeth Hill North
- Commodity: silver
- Region: australia\_wa
- Reported Region: australia\_wa
- Ticker: WCE

#### Geometry

- Grade: 53
- Grade Unit: g/t
- Intercept: 63 m
- From: 2 m
- To: 65 m
- Intercept Depth: 2 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: 26WCDD038:2-65

#### Location

- Location: South Zone
- Loc. Source: document

#### QA/QC

- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: Broad, near-surface silver mineralization, extending the resource footprint to the west, though reported as downhole length.

- Positive factor: Step-Out Extension

- Positive factor: QA/QC Disclosed

- Positive factor: QP/CP Signed

- Negative factor: Apparent Width Only

Evidence · text

> 26WCDD038: 63.0 m at 53 g/t Ag from 2.0 m

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

### 26WCDD038

[Link to this fact](https://atlas-staging.minestarters.com/news/wce-2026-annual-report--1f5c681d-4b58-4aa6-a77e-78c58975678a#fact-drill-facts-47)

Elizabeth Hill North · silver

#### Identity

- Hole ID: 26WCDD038
- Project: Elizabeth Hill North
- Commodity: silver
- Region: australia\_wa
- Reported Region: australia\_wa
- Ticker: WCE

#### Geometry

- Grade: 92
- Grade Unit: g/t
- Intercept: 31.3 m

#### Classification

- Program: exploration
- Sample Type: drill

#### Location

- Location: South Zone
- Loc. Source: document

#### QA/QC

- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: A higher-grade sub-interval within the broad near-surface mineralization, further confirming the extension, though reported as downhole length.

- Positive factor: Step-Out Extension

- Positive factor: QA/QC Disclosed

- Positive factor: QP/CP Signed

- Negative factor: Apparent Width Only

Evidence · text

> 31.3 m at 92 g/t Ag

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

### 26WCDD038

[Link to this fact](https://atlas-staging.minestarters.com/news/wce-2026-annual-report--1f5c681d-4b58-4aa6-a77e-78c58975678a#fact-drill-facts-48)

Elizabeth Hill North · silver

#### Identity

- Hole ID: 26WCDD038
- Project: Elizabeth Hill North
- Commodity: silver
- Region: australia\_wa
- Reported Region: australia\_wa
- Ticker: WCE

#### Geometry

- Grade: 845
- Grade Unit: g/t
- Intercept: 0.43 m

#### Classification

- Program: exploration
- Sample Type: drill

#### Location

- Location: South Zone
- Loc. Source: document

#### QA/QC

- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: A very high-grade sub-interval, indicating bonanza silver mineralization, though reported as downhole length.

- Positive factor: Bonanza Intercept

- Positive factor: QA/QC Disclosed

- Positive factor: QP/CP Signed

- Negative factor: Apparent Width Only

Evidence · text

> 0.43 m at 845 g/t Ag

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

### 26WCDD038

[Link to this fact](https://atlas-staging.minestarters.com/news/wce-2026-annual-report--1f5c681d-4b58-4aa6-a77e-78c58975678a#fact-drill-facts-49)

Elizabeth Hill North · silver

#### Identity

- Hole ID: 26WCDD038
- Project: Elizabeth Hill North
- Commodity: silver
- Region: australia\_wa
- Reported Region: australia\_wa
- Ticker: WCE

#### Geometry

- Grade: 1060
- Grade Unit: g/t
- Intercept: 1 m

#### Classification

- Program: exploration
- Sample Type: drill

#### Location

- Location: South Zone
- Loc. Source: document

#### QA/QC

- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: A very high-grade sub-interval, indicating bonanza silver mineralization, though reported as downhole length.

- Positive factor: Bonanza Intercept

- Positive factor: QA/QC Disclosed

- Positive factor: QP/CP Signed

- Negative factor: Apparent Width Only

Evidence · text

> 1.0 m at 1,060 g/t Ag

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

### 26WCDD039

[Link to this fact](https://atlas-staging.minestarters.com/news/wce-2026-annual-report--1f5c681d-4b58-4aa6-a77e-78c58975678a#fact-drill-facts-50)

Elizabeth Hill North · silver

#### Identity

- Hole ID: 26WCDD039
- Project: Elizabeth Hill North
- Commodity: silver
- Region: australia\_wa
- Reported Region: australia\_wa
- Ticker: WCE

#### Geometry

- Grade: 53
- Grade Unit: g/t
- Intercept: 20.15 m
- From: 15 m
- To: 35.15 m
- Intercept Depth: 15 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: 26WCDD039:15-35.15

#### Location

- Location: South Zone
- Loc. Source: document

#### QA/QC

- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: Moderate-grade silver mineralization at moderate depth, extending the resource footprint to the west, though reported as downhole length.

- Positive factor: Step-Out Extension

- Positive factor: QA/QC Disclosed

- Positive factor: QP/CP Signed

- Negative factor: Apparent Width Only

Evidence · text

> 26WCDD039: 20.15 m at 53 g/t Ag from 15.0 m

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

### 26WCDD039

[Link to this fact](https://atlas-staging.minestarters.com/news/wce-2026-annual-report--1f5c681d-4b58-4aa6-a77e-78c58975678a#fact-drill-facts-51)

Elizabeth Hill North · silver

#### Identity

- Hole ID: 26WCDD039
- Project: Elizabeth Hill North
- Commodity: silver
- Region: australia\_wa
- Reported Region: australia\_wa
- Ticker: WCE

#### Geometry

- Grade: 61
- Grade Unit: g/t
- Intercept: 14.8 m

#### Classification

- Program: exploration
- Sample Type: drill

#### Location

- Location: South Zone
- Loc. Source: document

#### QA/QC

- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: A higher-grade sub-interval within the moderate-grade mineralization, further confirming the extension, though reported as downhole length.

- Positive factor: Step-Out Extension

- Positive factor: QA/QC Disclosed

- Positive factor: QP/CP Signed

- Negative factor: Apparent Width Only

Evidence · text

> 14.8 m at 61 g/t Ag

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

### 25WCAC071

[Link to this fact](https://atlas-staging.minestarters.com/news/wce-2026-annual-report--1f5c681d-4b58-4aa6-a77e-78c58975678a#fact-drill-facts-52)

Elizabeth Hill North · silver

#### Identity

- Hole ID: 25WCAC071
- Project: Elizabeth Hill North
- Commodity: silver
- Region: australia\_wa
- Reported Region: australia\_wa
- Ticker: WCE

#### Geometry

- Grade: 39
- Grade Unit: g/t
- Intercept: 2 m
- From: 12 m
- To: 14 m

#### Classification

- Sample Type: drill

#### Location

- Location: South Zone
- Loc. Source: document

#### QA/QC

- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: A very high-grade silver intercept over a significant width, indicating strong mineralization, though reported as downhole length.

- Positive factor: Bonanza Intercept

- Positive factor: QA/QC Disclosed

- Positive factor: QP/CP Signed

- Negative factor: Apparent Width Only

Evidence · text

> 2 m at 39 g/t Ag from 12 m

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

### 26WCRC010

[Link to this fact](https://atlas-staging.minestarters.com/news/wce-2026-annual-report--1f5c681d-4b58-4aa6-a77e-78c58975678a#fact-drill-facts-53)

Elizabeth Hill North · lead

#### Identity

- Hole ID: 26WCRC010
- Project: Elizabeth Hill North
- Commodity: lead
- Region: australia\_wa
- Reported Region: australia\_wa
- Ticker: WCE

#### Geometry

- Grade: 5.3
- Grade Unit: %
- Intercept: 9 m
- From: 55 m
- To: 64 m

#### Classification

- Sample Type: drill

#### Location

- Location: South Zone
- Loc. Source: document

#### QA/QC

- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: A very high-grade silver intercept over a significant width, indicating strong mineralization, though reported as downhole length.

- Positive factor: Bonanza Intercept

- Positive factor: QA/QC Disclosed

- Positive factor: QP/CP Signed

- Negative factor: Apparent Width Only

Evidence · text

> 9 m at 5.3% Pb from 55 m

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

## Resource Estimates (2)

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/wce-2026-annual-report--1f5c681d-4b58-4aa6-a77e-78c58975678a#fact-resource-facts-0)

Elizabeth Hill Silver Project · silver

#### Identity

- Project: Elizabeth Hill Silver Project
- Commodity: silver
- Region: australia\_wa
- Reported Region: Western Australia
- Ticker: WCE

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Phil Jankowski
- Resource group id: resource:f7b0833e908d31ea74ef
- Mining method: combined
- Ownership percent: 100 %
- Resource basis: gross

#### Resource Data

- Category: indicated
- Tonnes: 84000
- Grade: 137
- Grade Unit: g/t
- Contained Metal: 369
- Contained Unit: koz
- Cutoff Grade: 20
- Cutoff Unit: g/t Ag

#### Prior Estimate

- Resource Date: 2026-04-22

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: The maiden resource includes a significant indicated component, providing a solid foundation for future studies and demonstrating geological confidence.

- Positive factor: Maiden Resource

- Positive factor: JORC Compliant

- Positive factor: QP/CP Signed

- Positive factor: Cut-off Disclosed

Evidence · table

> 137 g/t

Context: 84,000 t

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/wce-2026-annual-report--1f5c681d-4b58-4aa6-a77e-78c58975678a#fact-resource-facts-1)

Elizabeth Hill Silver Project · silver

#### Identity

- Project: Elizabeth Hill Silver Project
- Commodity: silver
- Region: australia\_wa
- Reported Region: Western Australia
- Ticker: WCE

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Phil Jankowski
- Resource group id: resource:23656757e5a7f9aa3adc
- Mining method: combined
- Ownership percent: 100 %
- Resource basis: gross

#### Resource Data

- Category: inferred
- Tonnes: 57000
- Grade: 1331
- Grade Unit: g/t
- Contained Metal: 2426
- Contained Unit: koz
- Cutoff Grade: 20
- Cutoff Unit: g/t Ag

#### Prior Estimate

- Resource Date: 2026-04-22

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: The inferred resource shows very high-grade silver, indicating significant potential, but its inferred classification means lower geological confidence.

- Positive factor: Maiden Resource

- Positive factor: JORC Compliant

- Positive factor: QP/CP Signed

- Positive factor: Cut-off Disclosed

- Positive factor: Bonanza Intercept

- Negative factor: Inferred Resource

Evidence · table

> 1,331 g/t

Context: 57,000 t

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

## How Atlas produces this analysis

Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.
