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WIA Gold Limited (ASX:WIA)

ALERT: Price-sensitive ASX Announcement for WIA
Current share price for WIA : $0.510 0.165 (47.83%)+
Announcement
Release
28 Oct 2025 9:11AM
Price at Release
$0.345
Full Release
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Summary
WIA Gold Limited's Quarterly Activities and Cashflow Report for September 2025 highlights the company's robust financial performance and strategic developments. The report outlines key financial metrics, including a net increase in cash and cash equivalents, proceeds from equity issues, and investing and operating cash flows. Exploration activities in Namibia's Kokoseb project show significant progress, with an upgraded Mineral Resource Estimate and ongoing drilling results supporting future resource expansion. Financial outcomes reflect strong project economics based on gold price scenarios, with significant improvements in NPV and IRR under higher gold price conditions. The report also details corporate developments, including personnel changes and planned annual general meetings, as well as updates on environmental and social management plans.
Key Points
  • WIA Gold Limited's cash and cash equivalents increased to A$52,115,000.
  • Exploration expenditure for the quarter was A$4.571 million.
  • Significant drilling results at Kokoseb with potential for resource expansion.
  • Mineral Resource Estimate for Kokoseb increased to 2.93 million ounces of gold.
  • Financial analysis based on conservative gold price assumptions shows strong project returns.
  • Personnel changes include the appointment of a new interim CFO.
  • Annual General Meeting scheduled for 20 November 2025.
  • Permitting applications for the Kokoseb project are well advanced.
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.