West African Resources

August 2024 marked a momentous occasion for WAF, with the millionth ounce of gold produced from our Sanbrado Gold Operations in Burkina Faso! It has been an incredible journey since the first gold pour at the project in March 2020. None of this would have been possible without our amazing team, and the hard work that each and every member of our staff put in every single day. We remain on track for +420,000 oz per annum gold production from our Sanbrado Gold Operations and Kiaka Gold Project by 2025.

Via Business News – West African posts $92m profit:

🇦🇺 Weekly gold drilling highlights

West African has delivered A$92 million NPAT for H1 2024. Our Executive Chairman and CEO Richard Hyde said: “WAF delivered another strong result in H1 2024 producing 107,644 ounces of gold at US$1,223 per ounce AISC, generating A$116 million cashflow from operations. “We are maintaining 2024 guidance at 190,000 – 210,000 ounces of gold at an AISC of less than US$1,300/oz. “Our unhedged resources now stand at 12.8 million ounces of gold and Ore Reserves at 6.4 million ounces of gold. “Construction of Kiaka is progressing well for first gold in Q3 2025 and WAF is on track to produce 4 million ounces over the next decade, with annual production set to peak in 2029 at 473,000 ounces of gold." Read the June 2024 Half Year Financial Report summary here: https://loom.ly/qyycicY and full report below:

Gold production Q2 — by juniors

We're pleased to report high grade gold mineralisation from recent resource definition diamond drilling within the M1 South Deeps Resource at our Sanbrado Gold Operations in Burkina Faso: https://loom.ly/aXYFc_w Our Chairman Richard Hyde said: “Recent resource definition drilling at the M1 South main zone has intercepted high grade mineralisation of 45m at 7.3 g/t gold including 1.5m at 55.1 g/t gold, and 16m at 8.3 g/t gold including 1m at 108.4 g/t gold. “The infill drilling has confirmed the high-grade and tenor of the resource model and supports our plans to extend mining beneath existing M1 South Ore Reserves. “WAF is on track to produce 4 million ounces over the next decade, with annual production set to peak in 2029 at 473,000 ounces of gold. Our unhedged resources now stand at 12.8 million ounces and Ore Reserves at 6.1Moz of gold.”

🇦🇺 Weekly gold drilling highlights

Strong gold hits in grade control drilling at WAF's Kiaka | Coverage via MiningNews.net:

Last month West African Resources launched a community blood donation campaign to help meet the urgent local needs exacerbated by cases of malaria, dengue fever and complications from childbirths. Chief Medical Officer of the Zorgho Health District Dr Delphin Kaboré noted that since 2021, up to 80% of patients at local health facilities requiring blood products are referred on to other regional health facilities due to a lack of product. Crucial support from West African Resources will see lives being saved, most importantly women in childbirth and children suffering anemia due to malaria. During the launch of the first collection program our Community Relations team joined the community as blood donors, with 43 bags of blood collected. A massive mobilisation of the population able to donate blood has been requested by the local health authorities. The health and wellbeing of our local communities remains a priority for WAF. Our campaign aims to collect 1000 bags of blood, and will run until the end of the winter season (September) in the villages and communities surrounding our Sanbrado Gold Operations.

We're pleased to report results from the maiden grade control drilling program at the Kiaka South pit at our Kiaka Gold Project in Burkina Faso. Kiaka South is located 700m from the Kiaka Main pit, and is set to deliver higher grade mill feed in first 18 months of production. Thick zones of high-grade near surface mineralisation have been intercepted (multiple ending in mineralisation) including: ✅ ­ 22m at 7.6 g/t gold ­✅ 26m at 5.8 g/t gold ­✅ 26m at 5.6 g/t gold ­✅ 28m at 4.8 g/t gold ✅ ­ 11m at 11.6 g/t gold ✅ ­ 9m at 13.8 g/t gold Pre–production grade control drilling activities continue at Kiaka Main with further results imminent. Read the full ASX release here: https://loom.ly/dAtG_po