West African Resources’ Post

Great to attend Africa Down Under in Perth last week. Our CEO and Executive Chairman Richard Hyde and Executive Director and Chief Operating Officer Lyndon Hopkins are pictured at the booth with WAF Director of Corporate Affairs Christian Ouedraogo, Lead Accountant Paul Sione, Procurement Superintendent Tieba Ouattara and Alt. Environmental Manager Judicael Ouedraogo. Our General Manager – Sustainability Mirey Lopez is pictured presenting at the event, discussing WAF’s production increase to more than 420,000 oz per annum in the second half of 2025 and the company’s achievements across our social and environmental programs. #AfricaDownUnder #ADU2024

Discussion of recent broker coverage of WAF, and Canaccord's initiation in MiningNews.net 📰

West African Resources is at Africa Down Under this week! Our General Manager – Sustainability Mirey Lopez will present tomorrow morning, 10:05am AWST – watch the livestream here: https://loom.ly/lPcwMeU Our delegates are pictured at the booth, including General Manager – Sanbrado Luke Holden, Country Manager Seydi Nabbe, Lead Accountant Paul Sione, Director of Corporate Affairs Christian Ouedrago, Environmental Manager Judicael Ouedraogo and Procurement Superintendent Tieba Ouattara. Visit the WAF team at booth #7 throughout the event! #AfricaDownUnder #ADU2024

Nous recrutons actuellement un contremaître général de maintenance auxiliaire basé au Burkina Faso. Pour plus d’informations et pour postuler, veuillez consulter le site West African Resources. Seuls les ressortissants burkinabè sont habilités à postuler.

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:

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:

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.”