• 10-year production target to average +420,000 oz pa, peaking at +480,000 oz pa from 2026-2031
• 4.2 Moz production from 83% Ore Reserves at conservative US$1,400/oz gold price
• Active exploration on >1,300 km² near-mine tenements

West African Resources Ltd (WAF) has unveiled a 10-year production target that aims to establish the company as a sustainable +500koz gold producer by 2030. The target is based on 83% Ore Reserves and a conservative gold price of US$1,400/oz. Over the 10-year period from 2024 to 2033, WAF is targeting average annual production of over 420,000 ounces, peaking at over 480,000 ounces per year from 2026 to 2031, for a total production of 4.2 million ounces. To support this target, WAF is actively exploring its extensive tenement portfolio of over 1,300 km², with plans for 80,000 metres of near-mine diamond drilling and 35,000 metres of regional RC and auger drilling, as well as airborne geophysical programs. The company has also identified opportunities to maximize the potential of its existing projects, including a Toega underground scoping study and throughput upgrades at its Sanbrado and Kiaka operations.

WAF aims to be a sustainable +500koz gold producer by 2030. The company has further work to undertake, including resource upgrade drilling, underground scoping studies, and throughput upgrades, and does not yet have reasonable grounds to believe this aspirational statement can be achieved.