WAF 10-year gold production to average 533,000 oz per annum
| Stock | West African Resources Ltd (WAF.ASX) |
|---|---|
| Release Time | 31 Mar 2026, 8:22 a.m. |
| Price Sensitive | Yes |
WAF 10-year gold production to average 533,000 oz per annum
- Unhedged Mineral Resources of 13.7 Million Ounces of Gold
- Ore Reserves increased to 7 Moz gold
- 5.3 Moz gold production from 2026 to 2035
West African Resources Ltd (ASX: WAF) is pleased to present its 2026 updated Resources, Reserves and 10-year production outlook for its Sanbrado Gold Operations, including the Toega Gold Deposit, and the Kiaka Gold Operation in Burkina Faso. The company's Mineral Resources as at 31 December 2025 increased by 12% (1,400,000 oz) compared to the prior year, now standing at 13.7 million ounces of gold. Ore Reserves at 31 December 2025 increased by 490,000 oz gold (8%) net of mining depletion, totaling 6.99 million ounces. WAF's updated 10-year production target is an average 533,000oz per annum from years 2026 to 2035, peaking at 596,000 oz in 2030. The mine plan at Sanbrado has been extended to 2036, while the Kiaka mine plan has been reduced by 1 year to 2041 due to increased process throughput. Multiple drilling programs are underway to convert Inferred Mineral Resources into Indicated Resources and expand Reserves at both Sanbrado and Kiaka.
WAF's 10-year production target is an average 533,000oz per annum from 2026 to 2035, peaking at 596,000 oz in 2030.
WAF sees potential to improve annual production further through ongoing drilling programs targeting extensions at M5 South underground, beneath M5 North open-pit and Toega underground. Additional drilling is also planned at Kiaka to convert the inferred Mineral Resource beneath the existing Ore Reserve and test extensions to mineralisation.