Latest news with #WCE
News.com.au
16-07-2025
- Business
- News.com.au
Resources Top 5: West Coast Silver aglow with high-grade results and strong silver price
West Coast Silver clocks 1m at 15,071g/t silver among results from first two diamond holes at Elizabeth Hill A 2000m diamond drilling program underway at EUR's Tanbreez REE project in Greenland LKY poised to take advantage of the US critical minerals boom from Mojave project Your standout small cap resources stocks for Wednesday, July 15, 2025 West Coast Silver (ASX:WCE) Glowing in the light of high-grade results from its initial drilling at the Elizabeth Hill project in WA's Pilbara along with strong silver prices is West Coast Silver (ASX:WCE), which hit a 12-month high of 12.5c, a lift of 30.21% on its previous close, before closing at 11.5c. The results of up to 1m at 15,071g/t silver from the first two diamond holes have been described by WCE's executive chairman Bruce Garlick as an 'exceptional start to the program'. That bonanza result from 27m in hole 25WCDD001 is among a number of shallow intersections returned, including 21m at 1047g/t Ag from 10m, including 8m at 2632g/t from 22m, while 25WWCDD002 delivered 15m at 723g/t Ag from 1m, including 3m at 2639g/t from 1m. Only assay results for these two holes have been received from the laboratory to date but the shallow nature of the results provides West Coast Silver (ASX:WCE) with confidence in the near-surface potential at Elizabeth Hill. This has prompted the company to begin reassessing all known data with a view to quantifying the near-surface mineralisation. Twelve diamond drill holes have been completed at Elizabeth Hill for 1183m. Core from the next eight holes has been cut and half core samples sent for laboratory assays with results expected within six to eight weeks. Logging of holes 11 and 12 continues. 'To intersect high-grade silver from close to surface in our first two holes is a tremendous result and validates our belief in the near-surface potential at Elizabeth Hill,' Garlick said. 'The grades seen in 25WCDD001 are particularly encouraging and includes a 1 metre intercept of nearly 485 ounces per tonne which is a further confirmation of the historical grades reported from the deposit.' Earlier this week, silver surged above US $38.86 an ounce, a 14-year high, as markets anticipated critical US inflation figures that could steer Fed policy. WCE is well placed to capitalise on the rising price environment given Elizebeth Hill is on a granted mining lease, allowing the company to get into production faster. European Lithium (ASX:EUR) The start of a 2000m diamond drilling program at the Tanbreez rare earth project in Greenland has been welcomed by European Lithium, which will benefit from any expansion of the Fjord deposit eudialyte resource. The drilling program will test for extensions to the east of the deposit and will support a bankable feasibility study. EUR is leveraged to success at Tanbreez through its 7.5% direct interest in the project. It holds around 63m shares in project owner Critical Metals Corp, a stake valued at more than $305m and well above EUR's market cap of around $100m. Shares climbed 11.12% to a daily high of 8c. Fjord eudialyte deposit hosts an indicated resource of 8.7Mt and an inferred resource of 13.8Mt. It contains a significant amount of magnet rare earth oxides which make up 75% of the eudialyte concentrate. An April study flagged the project's potential to become a magnet rare earths heavyweight with economic upside for Greenland. 'We are pleased to announce the commencement of our 2000m resource drilling program – an important milestone in advancing our project,' European Lithium (ASX:EUR) executive chairman Tony Sage said. 'This program is designed to significantly enhance the current mineral resource estimate and support the development of the bankable feasibility study, paving the way for a final decision to mine. 'Our full exploration and DFS study teams are on site, conducting detailed fieldwork. Data collected will play a critical role in finalising the BFS and preparing the comprehensive reports required by the Greenland regulators, as well as our financial partners, including EXIM. 'We remain on track to deliver these final reports by Q4 2025.' In a further boost, Critical Metals has received a non-binding and conditional letter of interest from the Export Import Bank of the United States, indicating support for a non-dilutive funding package of US$120m for the development of Tanbreez. 'The proposed funding package has a 15-year term and is subject to key development milestones such as permitting, feasibility studies and environmental assessments and EXIM conducting its standard due diligence investigations,' Sage said. 'The non-dilutive funding package is expected to be sufficient to enable the Tanbreez project to complete final resource drilling pre-production activities and commence mining.' Locksley Resources (ASX:LKY) Poised to take advantage of the US critical minerals boom from its Mojave project in California is Locksley Resources, which is having a strong week, increasing 46.75% from 9.2c on July 14 to 13.5c before reversing to close unchanged. The project is in the Mojave Desert, which is attracting attention for its critical minerals prospectivity, and drilling approval has been received from the Bureau of Land Management. As well as its rare earth prospectivity, the project hosts the Desert Antimony Mine, which last operated in 1937. On July 14 LKY announced the appointment of a US advisor in Viriathus Capital LLC to support its expansion into North American markets, deepen engagement with government stakeholders and help shape its downstream strategy. Viriathus Capital brings extensive experience working with ASX listed and US-based critical minerals companies. The global boutique financial services group will provide strategic guidance to LKY as it refines its US-facing downstream roadmap, focusing on lab-to-market development with US national labs, e-waste technology integration and positioning key critical minerals (antimony and rare earths) for the electrification transition. But its recent movements have been all down to the project's proximity to MP Materials, which operates America's only rare earths mine just 1.4km from Mojave at Mountain Pass. MP last week sent rare earth markets haywire with a multi-billion dollar public-private partnership with the US Department of Defense, before locking in a US$500m investment package with tech giant Apple on Wednesday. MC Mining (ASX:MCM) MC Mining increased 37% to a daily high of 13c on implementing a revised business plan for Uitkomst Colliery in South Africa, which is expected to position the operation for future growth. Following extensive due diligence, consultations with organised labour, service providers and regulators, a Turnaround Plan is being implemented with the assistance of Metalla Tutum Engineering. Key focus areas are to: reconfigure underground mining layouts to streamline operational efficiencies and resource deployment implement coal handling and processing plant modifications to improve coal product yields reduce workforce numbers from 430 to 366, with minimal forced retrenchments; and enter into longer-term coal offtake agreements to stabilize price certainty. Uitkomst, a metallurgical and thermal coal producer, is an integral part of MCM's strategy of supporting South Africa's Steel Master Plan whilst becoming a significant regional supplier of steelmaking coal products. MC Mining's flagship, the Makhado steelmaking hard coking coal project which is due for commissioning in December 2025, stands to be the largest, hard coking coal producer in the country, where the steel industry imports its HCC needs. Pioneer Lithium (ASX:PLN) Uranium focused explorer Pioneer Lithium has maintained momentum after growing its footprint with the Botsalano project in Botswana, lifting another 12% to 14c after moving up 19.05% on July 15. The Prospecting Licence covers 815km2 and the acquisition adds a third uranium jurisdiction to PNL's growing pipeline alongside Namibia and the US. Botsalano has access to established infrastructure including rail, roads, power and water supply, and a proven pedigree as it was previously held by UraMin Inc. PNL said the project's uranium potential was underscored by its geological similarities to world-class assets. Pioneer's initial focus is to compile all available historical exploration and geophysical data relevant to the project area and then move to fieldwork. This article does not constitute financial product advice. You should consider obtaining independent financial advice before making any financial decisions. While European Lithium, Locksley Resources and Pioneer Lithium are Stockhead advertisers, they did not sponsor this article.
Herald Sun
16-07-2025
- Business
- Herald Sun
Long Shortz: West Coast Silver
Tylah Tully chats with West Coast Silver (ASX:WCE) executive chairman Bruce Garlick, after the company reported spectacular early assay results from its Elizabeth Hill project. Highlights from WCE inaugural campaign at the project included silver grades up to 15,000g/t near surface. Garlick highlights how these intercepts reaffirm the site's high-grade potential and set the stage for upcoming assays and resource definition work. This video was developed in collaboration with West Coast Silver, a Stockhead client at the time of publishing. The interviews and discussions in this video are opinions only and not financial or investment advice. Viewers should obtain independent advice based on their own circumstances before making any financial decisions. Originally published as Long Shortz with West Coast Silver: Striking silver at Elizabeth Hill
Malay Mail
13-06-2025
- Automotive
- Malay Mail
Toll collection begins June 13 for WCE Section 2 stretch linking Banting to SKVE, rates start from RM1.32
SHAH ALAM, June 13 — Toll collection for the Section 2 stretch of the West Coast Expressway (WCE), which connects the SAE Interchange (KESAS) to the South Klang Valley Expressway (SKVE) Interchange and the Banting Interchange, will commence at 12.01 am on Friday, June 13, 2025. WCE said toll collection for the 7.2-kilometre stretch, which has been toll-free since its official opening on Jan 22 by Works Minister Datuk Seri Alexander Nanta Linggi, will be entirely electronic, utilising Touch 'n Go cards, SmartTAGs, and RFID technology. 'The toll rates and payment methods for Section 2 of the WCE are fully integrated via the SKVE through the Tanjung Dua Belas Interchange. 'The toll rates imposed take into account the entire journey of the users, including the portions on the SKVE,' the highway operator said, adding that toll charges will vary based on vehicle class and travel distance, ranging from RM1.32 to RM13.85. Highway users are advised to ensure that their e-wallets and Touch 'n Go cards have sufficient balance before starting their journey to avoid any inconvenience at toll plazas, WCE said. Further information regarding toll rates and payment methods can be found at the WCE website, the WCE App, the WCE Infoline at 1700 81 6600 and via email at [email protected]. The WCE spans 233 km from Banting, Selangor, to Taiping (Changkat Jering), Perak. Once fully completed, it will serve as a vital transportation corridor connecting towns along the west coast of Peninsular Malaysia. — Bernama
New Straits Times
12-06-2025
- Business
- New Straits Times
WCE denies forceful eviction claims in Klang
KUALA LUMPUR: The West Coast Expressway concenssionaire has denied claims of alleged wrongful evictions and use of force in Kampung Jawa, Klang, in relation to the highway project. West Coast Expressway Sdn Bhd said 75 per cent of the compensation for the land acquisition in Kampung Jawa had been paid as of Sept 30, 2023, in accordance with the Land Acquisition Act. It added that allegations of unauthorised individuals operating at night or the use of force were completely unfounded and inaccurate. "West Coast Expressway Sdn Bhd takes note of recent claims regarding alleged wrongful evictions and use of force in Kampung Jawa, Klang, in relation to the WCE project. "We wish to clarify the facts and reaffirm our commitment to legal compliance, transparency, and the rule of law. "The confusion stems from a small number of landowners who have declined to vacate the land that has been lawfully acquired by the federal government for the WCE project," it said in a statement. It said total compensation of RM9.8 million was awarded by the land administrator, Selangor Land and Mines Office, after a formal land hearing process relating to the acquisition. It said the 75 per cent compensation, amounting to RM7.4 million, had been disbursed to the 33 landowners where 14 received payment directly and 19 requested payments to be channelled through their appointed lawyer. "As stipulated under Section 16 of the Land Acquisition Act 1960, once 75 of the compensation amount has been paid, the land vests entirely with the federal government free from any encumbrances and the landowners no longer have legal rights to occupy the land. "These steps constitute a transparent and structured legal process that protects the rights of all parties involved, as provided under the Land Acquisition Act 1960," it said It added that both the government and landowners have filed objections to challenge the compensation quantum, as permitted under the Land Acquisition Act 1960. However, it said such objections do not delay or prevent the government from taking legal possession of the land and 75 per cent of the compensation has been paid. "These court proceedings only determine the final compensation amount and do not affect the government's right to proceed with possession and development. "In all similar WCE cases, landowners who filed (objections to the quantum but had) received 75 per cent of the compensation fully complied with legal obligations and vacated their land while the court process continued. "Therefore, any assertion that landowners must wait for the court process to complete before vacating is invalid," it said. Although compensation has been paid in 2023, it said, the affected landowners have remained on-site for over 20 months and this prolonged non-compliance has delayed the construction of WCE. "West Coast Expressway Sdn Bhd assures the public that all site activities are conducted by registered and authorised contractors, strictly during permitted hours from 8am to 6pm. "West Coast Expressway Sdn Bhd urges all parties to respect the due process of law and refrain from disseminating misleading and false claims that could confuse the public.
Rakyat Post
12-06-2025
- Business
- Rakyat Post
WCE Clarifies Land Dispute In Kampung Jawa: 'Legal Process Followed, Compensation Paid'
Subscribe to our FREE West Coast Expressway Sdn Bhd (WCE) has responded to recent public concern over alleged wrongful evictions and the use of force in Kampung Jawa, Klang, in connection with the ongoing West Coast Expressway project. The company has firmly denied any misconduct and reaffirmed its commitment to due process, transparency, and the rule of law. At the heart of the issue are a handful of landowners who have yet to vacate land legally acquired by the Federal Government for the expressway. WCE says the situation has created confusion, and it's time to set the record straight. Compensation Has Been Paid According to WCE, the compensation process was carried out in accordance with the Land Acquisition Act 1960. On 30 September 2023, a total of RM9.8 million in compensation was awarded by the Selangor Land & Mines Office after a formal land hearing regarding Lot 15762 (11113). So far, RM7.4 million (75%) has already been disbursed: 14 landowners received direct payments. 19 landowners opted to receive payment via their appointed lawyers. Land is Now Federal Property Under Section 16 of the Land Acquisition Act, once 75% of the compensation has been paid and a Borang K is issued, the land officially becomes property of the Federal Government. From that point forward, the original owners no longer hold legal rights to occupy or remain on the land. WCE emphasized that this legal process is structured to protect the rights of all parties and has been fully followed. Court Challenges Don't Delay Possession While both the government and certain landowners have filed objections (via Borang N) to challenge the compensation amount, WCE clarified that these objections are only to settle the final figure and not to delay government possession. In previous WCE land cases, landowners who received 75% of compensation proceeded to vacate the land while the court process continued in parallel. Any claim suggesting that landowners are entitled to stay until court cases conclude is legally unfounded, WCE said. Delays Impacting National Project Despite compensation being paid since 2023, WCE stated that some landowners have stayed put for over 20 months, causing significant delays to the construction of the expressway; a major national infrastructure project connecting key highways like Federal Highway, KESAS, NKVE, and Grand Sepadu. Denies Allegations of Force or Night Operations WCE also addressed rumors circulating about aggressive or unauthorized site activity. The company stressed that all work is carried out by registered contractors, only during official working hours from 8am to 6pm. Claims of night operations or intimidation tactics were labeled as 'completely unfounded and inaccurate.' Moving Forward: Clarity Over Conflict West Coast Expressway Sdn Bhd is urging all stakeholders, including affected landowners and members of the public, to respect the legal process and refrain from circulating misinformation that could harm public trust and disrupt progress. With construction timelines at stake and public infrastructure hanging in the balance, WCE reaffirmed that it would not hesitate to take legal action if necessary to defend its integrity and ensure the expressway project moves forward responsibly. Share your thoughts with us via TRP's . Get more stories like this to your inbox by signing up for our newsletter.
