WIA Gold (WIA) Q3 2025 TU earnings summary

Executive summary

• Significant increase in exploration activities with 25,444m drilled at Kokoseb, advancing the 2.1 Moz project toward development phase.

• Scoping Study for Kokoseb progressing, targeting upgraded MRE by June 2025 and study completion in Q3 2025.

• Strong gold intercepts from infill and extension drilling, confirming high-grade continuity and new mineralised zones.

• Regional exploration in Côte d'Ivoire advanced with over 10,000m of auger drilling completed.

• Company included in S&P All Ordinaries index and appointed new Company Secretary.

Financial highlights

• Cash balance at 31 March 2025 was A$33.8 million, with zero debt.

• Net cash used in operating activities for the quarter was A$75,000; investing activities used A$4.38 million.

• Financing activities provided A$1.02 million, mainly from equity placement.

• Estimated 7.9 quarters of funding available at current expenditure rates.

Outlook and guidance

• Kokoseb Scoping Study on track for completion in Q3 2025, with upgraded MRE expected in June 2025.

• Ongoing drilling to target extensions of high-grade shoots and resource upgrades.

• Continued regional exploration in Namibia and Côte d'Ivoire to identify new targets.