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West African Resources Limited (ASX:WAF)

ALERT: Price-sensitive ASX Announcement for WAF
Current share price for WAF : $2.840 0.35 (14.06%)+
Announcement
Release
22 May 2025 8:17AM
Price at Release
$2.490
Full Release
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Summary
West African Resources Limited (WAF) announced significant high-grade gold intersections at the M1 South (M1S) deposit, located beneath the current reserves at the Sanbrado Gold Operations in Burkina Faso. Recent drilling returned an outstanding intercept of 44 meters grading 25.8 grams per tonne (g/t) of gold, highlighting the potential to expand high-grade resources below existing reserves. The company reports that mineralization remains open at depth and along strike, with further drilling planned to test these extensions. These results support the ongoing optimization and potential expansion of the Sanbrado underground mine, reinforcing WAF’s strategy to grow production and extend mine life through targeted exploration. The announcement emphasizes the importance of these new discoveries for future resource and reserve updates, and outlines ongoing and future drilling activities aimed at resource growth.
Key Points
  • WAF reported a high-grade gold intercept of 44m at 25.8g/t below reserves at M1S.
  • The drilling results are from the Sanbrado Gold Operations in Burkina Faso.
  • Mineralization at M1S remains open at depth and along strike, indicating further exploration potential.
  • These results support the optimization and expansion potential for the Sanbrado underground mine.
  • WAF plans ongoing drilling to test resource and reserve extensions and to inform future updates.
  • The discovery is significant for growing production and extending the mine life as part of WAF’s strategy.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.