WAF Grade Control Returns 5m at 27.2 g/t Gold at Kiaka

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Stock West African Resources Ltd (WAF.ASX)
Release Time 6 Feb 2025, 8:24 a.m.
Price Sensitive Yes
 WAF Grade Control Returns 5m at 27.2 g/t Gold at Kiaka
Key Points
  • Maiden grade control drilling of Kiaka Main Pit Stage 1 completed, with mining to start in Q1 2025
  • Grade control results continue to deliver thick and consistent zones of mineralisation
  • Drilling confirms gold mineralisation is over 400m wide at surface
Full Summary

West African Resources Limited has completed the maiden grade control drilling program at its Kiaka Gold Project in Burkina Faso, with results continuing to deliver thick and consistent zones of near-surface gold mineralisation. The program has included 2,636 grade control holes for 79,913 metres, with today's release reporting the results of 1,317 holes. Significant results include 5m at 27.2 g/t gold, 11m at 8.7 g/t gold, 24m at 2.3 g/t gold, 27m at 2 g/t gold, 26m at 2 g/t gold, and 28m at 1.9 g/t gold. The drilling has confirmed that the gold mineralisation at Kiaka Main is over 400 metres wide at surface, with a very low strip ratio of 0.8 to 1 (waste to ore). Waste stripping is set to commence in late Q1 2025, with first ore mining expected to start in early Q2 2025. The company remains on track to achieve first gold production from Kiaka in Q3 2025, which will see West African become a +420,000 ounce per annum gold producer.

Guidance

West African expects to commence waste stripping at Kiaka in late Q1 2025 and first ore mining in early Q2 2025, with first gold production from Kiaka scheduled for Q3 2025.

Outlook

The successful completion of the grade control drilling program at Kiaka Main Pit Stage 1 has improved the confidence in the geological model and grade estimation, positioning the company well to commence open pit mining as scheduled and achieve its target of first gold production from Kiaka in Q3 2025.