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WIA Gold (WIA) investor relations material
WIA Gold Corporate presentation summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Project overview and jurisdiction
Kokoseb gold project in Namibia has grown rapidly to a 2.93Moz Indicated and Inferred Mineral Resource Estimate (MRE) at 1.0 g/t as of July 2025, with open pit potential and further growth expected.
Namibia is a stable, mining-friendly jurisdiction with strong infrastructure, ranked highly for policy and investment attractiveness in Africa.
The project is located in a proven gold district, with licenses covering approximately 3,000km² in the underexplored Pan-African Damara Orogenic Belt.
Kokoseb is on track to become Namibia's fourth commercial gold mine, with a mining license application submitted and ESIA nearing completion.
Resource growth and exploration
The resource has increased from 1.3Moz in May 2023 to 2.93Moz in July 2025, with ongoing drilling targeting further expansion and a maiden underground MRE due in 2H 2026.
Recent RC infill and extensional drilling have returned significant intercepts, supporting resource category upgrades and future growth.
High-grade results from deeper drilling indicate strong underground mining potential, with several zones open at depth and along strike.
Project economics and development
Scoping Study outlines an 11.4-year mine life, averaging ~146koz gold per annum, with the first five years at ~177koz per annum.
Post-tax NPV (5%) is US$646M at $2,600/oz and US$1,269M at $3,450/oz gold price, with IRRs of 38% and 60% respectively.
Pre-production capital cost is US$358.8M, with a rapid payback period of 1.25–1.8 years and strong leverage to gold price movements.
All-in sustaining costs (AISC) average US$1,447/oz over LOM, with conventional open pit mining and a 5.25Mtpa CIL processing plant achieving over 90% gold recovery.
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