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West African Resources Limited (ASX:WAF)

ALERT: Price-sensitive ASX Announcement for WAF
Current share price for WAF : $3.120 -0.45 (-12.61%)+
Announcement
Release
23 Feb 2026 9:52AM
Price at Release
$3.570
Full Release
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Summary
West African Resources Limited (WAF) responded to recent media coverage concerning the Burkina Faso Government's interest in acquiring an additional 25% equity stake in Kiaka SA. The government requires authorization by decree to acquire this stake. WAF is in ongoing discussions with the government, represented by Société de Participation Minière du Burkina Faso (SOPAMIB), aiming to increase government shareholding while respecting existing shareholders' and lenders' interests. These discussions also include potential cooperation on new mining projects in Burkina Faso, which could enhance national mining sector participation, create jobs, and yield social benefits. WAF's operations at Sanbrado and Kiaka remain unaffected, with constructive engagement continuing.
Key Points
  • WAF addresses media on Burkina Faso Government's interest in Kiaka.
  • Government seeks additional 25% stake in Kiaka SA.
  • Authorization by decree required for the government to acquire stake.
  • Discussions with the government represented by SOPAMIB.
  • Focus on respectful terms for all parties involved.
  • Potential cooperation on new mining projects in Burkina Faso.
  • Operations at Sanbrado and Kiaka remain unaffected.
  • Constructive engagement with Burkina Faso Government continues.
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.