West African hits 44m at 25.8 g/t gold below reserves at M1S
| Stock | West African Resources Ltd (WAF.ASX) |
|---|---|
| Release Time | 22 May 2025, 8:17 a.m. |
| Price Sensitive | Yes |
West African hits 44m at 25.8 g/t gold below reserves at M1S
- Diamond drilling delivers wide zones of high-grade mineralisation beneath the current ore reserves at M1S underground
- Significant results include 44m at 25.8 g/t Au, 44.5m at 17.1 g/t Au, and 38.5m at 17.4 g/t Au
- Results expected to deliver an increase in both tonnes and contained gold in the upcoming Mineral Resource and Ore Reserves update
West African Resources Limited (ASX: WAF) is pleased to report high-grade gold mineralisation from recent resource definition diamond drilling within the M1 South (M1S) Main Deeps Resource from its Sanbrado Gold Operations in Burkina Faso. The drilling program has delivered wide zones of high-grade mineralisation beneath the current ore reserves at M1S underground. Significant results include 44m at 25.8 g/t Au, 44.5m at 17.1 g/t Au, 38.5m at 17.4 g/t Au, 21.5m at 24 g/t Au, 32.5m at 9.5 g/t Au, and 29m at 9.3 g/t Au. The results from the recent drilling are expected to deliver an increase in both tonnes and contained gold in comparison to the 2024 resource model. An updated Mineral Resource Estimate, Ore Reserves, and a new 10-year production outlook are planned for release in Q3 2025. The company is on the cusp of having two long-life, unhedged, low-cost gold production centres in operation in 2025, with the Kiaka build nearing completion. These quality operations underpin WAF's goal of reaching 500,000 ounces per annum gold production by 2030.
The company expects the results from the recent drilling to deliver an increase in both tonnes and contained gold in comparison to the 2024 resource model. An updated Mineral Resource Estimate, Ore Reserves, and a new 10-year production outlook are planned for release in Q3 2025.
With the Kiaka build nearing completion, WAF is on the cusp of having two long-life, unhedged, low-cost gold production centres in operation in 2025. These quality operations underpin the company's goal of reaching 500,000 ounces per annum gold production by 2030.