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WIA Gold Limited (ASX:WIA)

ALERT: Price-sensitive ASX Announcement for WIA
Current share price for WIA : $0.450 0.025 (5.88%)+
Announcement
Release
12 Aug 2026 9:43AM
Price at Release
$0.425
Full Release
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Summary
WIA Gold Limited announced a A$125 million placement to finance the development of its Kokoseb Gold Project in Namibia. The placement, priced at A$0.425 per share, fully funds the project through its construction phase to the first gold production, complementing a proposed US$360 million debt facility from Sprott. The placement is contingent on shareholder approval expected by late September or early October 2026. The funds will support pre-production capital needs and other project advancement activities. The project, confirmed viable by a recent Definitive Feasibility Study, targets initial gold output by late 2028.
Key Points
  • A$125m placement at A$0.425 per share to fund the development of the Kokoseb Gold Project.
  • Placement fully funds Kokoseb through construction to first gold production, in conjunction with a proposed US$360 million Sprott debt facility.
  • The offer price represents a nil discount to the last traded price and a 2% discount to the 5-day VWAP.
  • Placement follows completion of the DFS, confirming technical and economic viability of the project.
  • Wia targets first gold production in the fourth quarter of 2028.
  • Placement is conditional on shareholder approval, expected in late September or early October 2026.
  • Proceeds from the Placement will advance the Kokoseb Gold Project, covering pre-production capital expenditure and other key activities.
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.