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West African Resources Limited (ASX:WAF)

ALERT: Price-sensitive ASX Announcement for WAF
Current share price for WAF : $3.910 1.07 (37.68%)+
Announcement
Release
14 Jul 2026 8:25AM
Price at Release
$2.840
Full Release
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Summary
West African Resources Limited (WAF) announced the results of their diamond drilling at the M5 South underground deposit, part of the Sanbrado Gold Operations in Burkina Faso. The highlights from the drilling include a significant intercept of 27 meters at 6.7 g/t gold, located 200 meters below the M5 South underground reserve. The drilling is aimed at resource conversion and is expected to contribute to the growth of the Ore Reserve. Additional significant results from drilling include intercepts of 11 meters at 3 g/t gold and 29 meters at 16.4 g/t gold, further underscoring the potential for reserve growth. These efforts are part of WAF's broader strategy to enhance resource and reserve potential and are scheduled to continue throughout 2026. The company plans to update the Mineral Resource and Ore Reserve and release a 10-year production outlook in Q1 2027.
Key Points
  • WAF hits 27m at 6.7 g/t gold 200m below M5 South UG reserve.
  • Drilling confirms potential for significant Ore Reserve growth.
  • Resource conversion drilling is on schedule.
  • Significant results include 29m at 16.4 g/t gold.
  • Drilling scheduled to continue throughout 2026.
  • Mineral Resource and Ore Reserve update planned for Q1 2027.
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.