Companies / WCE

WEST COAST SILVER LIMITED

ASX:WCEMaterials
365.4M shares on issueAppendix 2A · as of 24 July 2026$0.094price · delayed$34.4Mmarket cap · indicative
F
Dilution grade

Runway under 2 quarters; share count grew 144% in 24 months; 4 cash raises in 24 months

Cash runway0.8 quarters of funding
Share-count growth (24m)144.1%
Raise cadence (24m)4 cash raises
Options & rights overhang17.5% of shares
In-the-money supply8.4% of shares
Pending proposed issuesopen proposed issue (Appendix 3B)

WEST COAST SILVER LIMITED's ordinary share count grew 144.1% between May 2025 and July 2026, to 365M shares. The company raised capital four times in that 24-month window for total proceeds of A$18.6M, most recently a A$3.2M placement in December 2025. Options and rights on issue could convert into 64M new shares, equal to 17.5% of the current share count, of which 8% are in the money at the current share price; the nearest expiry is October 2026. At the June 2026 quarter the company reported A$2.1M in available cash, equivalent to 0.8 quarters of funding at its recent spending rate. Two proposed securities issues (Appendix 3B) are pending, with the nearest proposed date in September 2026.

AI-generated summary of this page's cited filings · updated 27 July 2026
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17.5%
Max option dilution
8.4%
ITM option dilution
3
Raises · last 12 months
0.8 qtrs
Cash cover · under 2 quarters

Shares on issue — last 2 years

Ordinary shares on issue
Weekly counts from ASX records. Dots mark cash capital raises. Latest count 365.4M per Appendix 2A (24 July 2026).
281.6M311.3M340.9MMay 25Dec 25July 26Cash raise · 31 Dec 2025Cash raise · 29 Dec 2025Cash raise · 31 July 2025Cash raise · 21 July 2025

Cash runway

0.8 qtrs
Less than two quarters of funding at the recent spend rate — near-term funding pressure.
$2.1M available cash at quarter ended 30 June 2026 · Runway is computed from Appendix 4C/5B filings and announced raise proceeds.
Paid plan
Cash runway history
Quarterly cash, net spend and cover trend from every Appendix 4C/5B on record up to 30 June 2026.
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Issuance timeline

Latest 5 filings (Appendix 2A quoted issues, 3G unquoted, 3H cancellations)

DateFormSecurityTotal on issue afterSource
24 July 20262A · quoted issueWCE : ORDINARY FULLY PAID365.4MAppendix 2A
11 June 20262A · quoted issueWCE : ORDINARY FULLY PAID362.4MAppendix 2A
22 May 20262A · quoted issueWCE : ORDINARY FULLY PAID361.6MAppendix 2A
8 May 20263G · unquotedWCE : ORDINARY FULLY PAID360.1MAppendix 3G
24 Apr 20263H · cancellationWCE : ORDINARY FULLY PAID360.1MAppendix 3H
Paid plan
Full issuance history
Every quoted and unquoted issue and cancellation on record, plus unquoted securities (Appendix 4.2).
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Capital raises

4 cash raises in the last 24 months · 3 in the last 12 months

$3.2M
Placement
31 Dec 2025 COMPLETE
Paid plan
Full raise history
Issue price, discount, brokers, purpose and tranche detail for every raise on record.
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Pending proposed issues

2 proposed issues pending — Appendix 3B lodged, securities not yet issued. New shares from these issues are not in the counts above until quoted.
Paid plan
Pending issue detail
Size, price, fees, broker and placement-capacity usage for each pending issue.
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Options & convertible securities

17.5%
Total overhang · of current shares
8.4%
In the money · at current price
63.9M
Potential new shares
Oct 2026
Nearest expiry
Paid plan
Per-line options & expiry cliffs
Each option line — code, strike, expiry, quantity and ITM value — plus the expiry-cliff chart.
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Director dealings

DateDirectorTypeSharesOptionsValueSource
22 May 2026Bruce GarlickOther1.5M1.5M$60k3Y notice
2 Apr 2026Bruce GarlickOther—200k—3Y notice
23 Jan 2026Bruce GarlickOther2.0M——3Y notice
Paid plan
Full dealing history
Every change-of-director's-interest notice on record, with direction and consideration.
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Ownership

Free account
Top-20 holders & substantial holder notices
Top-20 register snapshot and substantial-holder movements, each linked to its source notice.
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Latest announcements

28 July 2026$PFalcon, Farm-in Partner, Secures Approval to Drill Errabiddy
24 July 2026Cleansing Notice
24 July 2026Application for quotation of securities - WCE
23 July 2026$PQuarterly Activities and Cashflow Report
8 July 2026$PElizabeth Hill New High Grade Silver Discovery
6 July 2026FY25 JMEI Tax Credit Allocation
29 June 2026$PDistrict-Scale Geophysics Starts at Elizabeth Hill
17 June 2026Elizabeth Hill Identifies Potential 5-Element Silver System
14 June 2026Investor Presentation
11 June 2026Cleansing Notice
11 June 2026Application for quotation of securities - WCE
8 June 2026$PSilver Mineralisation Extended 70m Beyond Maiden Resource
29 May 2026Proposed issue of securities - WCE
22 May 2026Change of Director's Interest Notice (BG)
22 May 2026Cleansing Notice
22 May 2026Application for quotation of securities - WCE
8 May 2026Notification regarding unquoted securities - WCE
8 May 2026Options Terms & Conditions
8 May 2026Notice of Release of Escrowed Shares
5 May 2026$PElizabeth Hill - Growth & Development Plan

Headlines link to the source PDFs on the ASX announcements platform. Data as of 28 July 2026.