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WIA Gold Limited (ASX:WIA)

ALERT: Price-sensitive ASX Announcement for WIA
Current share price for WIA : $0.460 0.035 (8.24%)+
Announcement
Release
10 Aug 2026 10:30AM
Price at Release
$0.425
Full Release
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Summary
WIA Gold Limited's Kokoseb Gold Project in Namibia, detailed in the August 2026 announcement, demonstrates significant potential with a 3.78 Moz Mineral Resource and 1.95 Moz Ore Reserve. The project, benefiting from Namibia's stable mining conditions, projects a life span exceeding 14 years with robust financial metrics, including a post-tax NPV5% of US$1.214 billion and a 41% IRR. The pre-production capital cost is estimated at US$475 million, with an all-in sustaining cost of US$1,696/oz. The DFS highlights strategic investments in infrastructure for expansion, supported by a US$360 million debt facility and a US$15 million equity subscription. The project is poised for growth through ongoing exploration and resource expansion initiatives.
Key Points
  • Kokoseb Gold Project has a Mineral Resource of 3.78 Moz and an Ore Reserve of 1.95 Moz.
  • The Definitive Feasibility Study (DFS) presents a post-tax NPV5% of US$1.214 billion and a 41% IRR.
  • The project is located in Namibia, a stable mining jurisdiction with excellent infrastructure.
  • Kokoseb's Life of Mine is projected to be over 14 years, with an average annual production of 150 koz for the first 10 years.
  • Pre-production capital costs are estimated at US$475 million.
  • The project features a competitive all-in sustaining cost of US$1,696/oz.
  • Financing includes a US$360 million senior secured debt facility and US$15 million equity subscription.
  • Exploration activities continue to expand resource potential, both underground and regionally.
  • The DFS supports strategic infrastructure investments for future expansion options.
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.