• Q4 gold production: 51,178 oz
• Full year gold production: 206,622 oz, achieving upper end of 2024 guidance
• Open pit mined ounces increased 32% in Q4 versus Q3

West African Resources Limited (WAF) is pleased to provide a production update from its Sanbrado Gold Operations for the December quarter 2024 (Q4). Key highlights include Q4 gold production of 51,178 ounces and full year gold production of 206,622 ounces, achieving the upper end of 2024 production guidance. Open pit mined ounces increased 32% in Q4 versus the previous quarter (Q3), reflecting a 39% increase in ore tonnes mined. Full year 2024 open pit mining saw 3,935kt of ore mined at a grade of 0.9g/t for 112,830 ounces of gold. Underground mined ounces increased 8% in Q4 versus Q3, with 127kt of ore mined from M1 South at 7.7g/t for 31,492 ounces of gold. Full year 2024 underground mining saw 478kt of ore mined at a grade of 7.9g/t for 122,161 ounces of gold. Gold production increased 7% in Q4 versus Q3, mainly related to a 5% higher mill throughput after the planned shutdown was completed in Q3 for a mill reline. Sanbrado produced 51,178 ounces of gold in Q4 from 897kt of ore milled at a head grade of 1.9 g/t and recovery of 92.4%. This brought full year 2024 gold production to 206,622 ounces. Gold sold in Q4 was 47,953 ounces at an average price of US$2,690 per ounce, bringing full year 2024 gold sales to 199,550 oz at an average price of US$2,391 per ounce.

Full year 2024 gold production of 206,622 ounces, achieving the upper end of the 2024 annual guidance of 190,000 to 210,000 ounces.