Errawarra Completes Transformational Acquisition of Elizabeth Hill Silver Project
Deal News | Mar 24, 2025 | EIN
Errawarra Resources Ltd, a company listed on the ASX, has announced a significant acquisition involving a 70% stake in the Elizabeth Hill Silver Project, a high-grade historical silver production site located in the Pilbara region of Western Australia. This acquisition, conditional on meeting approvals and entering joint venture agreements with Alien Metals Limited and GreenTech Metals Limited, includes silver rights to the Pinderi Hills Project and ownership of three surrounding tenements totaling 180 km². The acquisition is complemented by a $3 million placement to shareholders and investors. Historically, Elizabeth Hill produced 1.2 Moz of silver from 16 kt ore with an impressive 2,194 g/t Ag head grade, highlighting the project's potential. Operations ceased in 2000 due to low silver prices, but present favorable geological structures suggest significant exploratory promise. The company plans swift exploration activities with the guidance of new board member, esteemed geologist Mr. Robert Mosig. ERM Consultants has initiated analyses to streamline target generation, aiming for immediate post-visit drilling coordinated under the mining lease approvals. Errawarra also plans to rename itself West Coast Silver Limited, pending shareholder approval, signalling its strategic pivot towards silver mining against the backdrop of a strong investor-driven silver market.
Sectors
- Mining
- Natural Resources
- Investment
Geography
- Australia – The Elizabeth Hill Silver Project and the associated activities are located in the Pilbara region of Western Australia, making Australia the primary geographical focus.
Industry
- Mining – The article discusses the acquisition of a silver mining project by Errawarra Resources Ltd, which falls under the mining industry, focusing on the exploration and production of precious metals.
- Natural Resources – The acquisition involves exploration rights and extraction activities pertaining to natural resources, specifically high-grade silver, in a mining jurisdiction.
- Investment – The deal includes a significant financial transaction involving a $3 million placement to shareholders and new investors, characteristic of investment activities.
Financials
- $3,000,000 – An investment placement to existing shareholders and new investors as part of the acquisition strategy.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Errawarra Resources Ltd | Acquirer | Company | A company listed on the ASX, focused on expanding its portfolio in the silver mining industry. |
| Alien Metals Limited | Joint Venture Partner | Company | A company Errawarra Resources is entering into a joint venture with as part of the acquisition deal. |
| GreenTech Metals Limited | Joint Venture Partner | Company | Another company involved in a joint venture agreement with Errawarra as part of the transaction. |
| Thomas Reddicliffe | Chairman | Person | The Chairman of Errawarra Resources Ltd, providing commentary on the acquisition. |
| Robert Mosig | Board Member | Person | An experienced geologist who joined the board to aid in exploration and development. |
| ERM Consultants | Advisory | Company | Consultants involved in geological analysis for the project. |