InvestSMART

WIA Gold Limited (ASX:WIA)

ALERT: Price-sensitive ASX Announcement for WIA
Current share price for WIA : $0.535 0.035 (7%)+
Announcement
Release
20 May 2026 9:11AM
Price at Release
$0.500
Full Release
download
Summary
Wia Gold Limited announced a successful A$92 million capital raise through a share placement, priced at A$0.46 per share, representing a 5.9% discount to the 10-day VWAP. This funding aims to accelerate the development of the Kokoseb Gold Project in Namibia, one of Africa's promising large-scale gold ventures. The Kokoseb project, benefiting from a joint venture with state-owned Epangelo, boasts a mineral resource estimate of 2.93Moz at 1.0 g/t Au with a projected mine life exceeding 11 years. The placement, which significantly strengthens Wia's balance sheet, received robust support from institutional investors, ensuring that the company is well-positioned to complete its Definitive Feasibility Study by the second half of 2026 and move towards production.
Key Points
  • Wia Gold Limited is set to raise A$92 million through a share placement.
  • The placement is priced at A$0.46 per share, which is a 5.9% discount to the 10-day VWAP.
  • The raised funds will be used to advance the Kokoseb Gold Project in Namibia.
  • Kokoseb is one of Africa's emerging large-scale gold projects, with DFS completion targeted for H2 2026.
  • Wia's Kokoseb Gold Project includes a joint venture with Epangelo, a state-owned mining company.
  • The Kokoseb Project has a mineral resource estimate of 2.93Moz at 1.0 g/t Au.
  • The project is anticipated to have a mine life of over 11 years, with significant economic returns.
  • The placement received strong backing from institutional investors.
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.