WIA Gold (WIA) Q2 2026 TU earnings summary

Executive summary

• Definitive Feasibility Study (DFS) for the Kokoseb Gold Project in Namibia is progressing on schedule, with completion targeted for H2 CY2026 following a successful Scoping Study in September 2025.

• High-grade drilling intercepts at Kokoseb confirm mineralisation continuity and support potential for future underground development; six rigs are active on site for resource conversion and expansion.

• Mining Licence Application for Kokoseb was submitted in October 2025; Environmental & Social Impact Assessment is nearing completion with regulatory submission expected in Q1 CY2026.

• Divestment of non-core Côte d'Ivoire assets to Santa Fe Minerals Limited completed, allowing strategic focus on Namibia while retaining upside through equity in Santa Fe.

• Henk Diederichs appointed as Managing Director & CEO, effective 1 February 2026.

Financial highlights

• Cash balance at 31 December 2025 was A$45.84 million, with zero debt.

• Evaluation and exploration expenditure during the quarter amounted to A$6.2 million.

• Payments to related parties during the quarter totaled A$30,000, relating to Directors' remuneration.

• Net cash outflow from operating activities for the quarter was A$10,000; net cash outflow from investing activities was A$6.22 million.

• Estimated quarters of funding available is 7.4, based on current cash and expenditure rates.

Outlook and guidance

• DFS for Kokoseb remains on track for H2 CY2026 completion, with ongoing resource conversion, expansion drilling, and permitting activities.

• Project economics remain robust, with significant upside at prevailing gold prices.