• WAF group Q4 gold production: 112,019 oz
• Full year gold production: 300,383 oz, achieving 2025 group production guidance
• Sanbrado produced 205,228 oz of gold in 2025
• Kiaka produced 95,155 oz of gold in 2025

West African Resources Limited (WAF) is pleased to provide a production update from its Sanbrado and Kiaka gold mining centres in Burkina Faso for the December quarter 2025 (Q4). WAF group Q4 gold production was 112,019 oz, with Q4 gold sales of 105,995 oz at an average price of US$4,058/oz. For the full year 2025, WAF achieved a record gold production of 300,383 oz, meeting its annual guidance, and gold sales of 280,065 oz at an average price of US$3,525/oz. At the Sanbrado mine, open pit mining activities at the M5 North pit commenced in Q4, with 299kt of ore mined at an average grade of 0.8g/t. Full year 2025 open pit mining saw 2,253kt of ore mined at a grade of 0.8g/t for 60,510 oz of gold. Underground mining at M1 South produced 37,955 oz in Q4, bringing the full year 2025 underground production to 145,894 oz. Sanbrado produced a total of 205,228 oz of gold in 2025. At the Kiaka mine, open pit mining continued to ramp up during the quarter, with 3,271kt of ore mined at 0.8g/t for 83,270 oz of gold. The Kiaka processing plant also delivered a strong operational performance in Q4, producing 62,287 oz of gold, bringing the total 2025 production to 95,155 oz.

WAF achieved its 2025 group production guidance of 290,000 to 360,000 ounces, producing 300,383 ounces of gold.