WIA Gold (WIA) Q4 2025 TU earnings summary

Executive summary

• Upgraded Mineral Resource Estimate (MRE) for Kokoseb Gold Project in Namibia to 2.93Moz at 1.0g/t, a 38% increase year-over-year, with 62% now in the Indicated category.

• Drilling at Kokoseb totaled 18,664m for the quarter, focusing on high-grade shoots, depth extensions, and infill for resource conversion.

• Scoping Study for Kokoseb advanced, with mine geotechnical, metallurgy, process plant, and infrastructure studies progressing toward completion in Q3 2025.

• Regional exploration continued in Namibia and Côte d'Ivoire, with 13,580m of auger drilling at Mankono Ouest and new permit granted at Dialakoro.

Financial highlights

• Cash balance at 30 June 2025 was A$29.0 million, with zero debt.

• Evaluation and exploration expenditure for the quarter was A$4.66 million.

• Net cash outflow from operating activities was A$78,000 for the quarter.

• Net cash outflow from investing activities was A$4.7 million for the quarter.

• Estimated quarters of funding available is 6.12, based on current cash and outgoings.

Outlook and guidance

• Kokoseb Scoping Study on track for completion in Q3 2025, aiming to define a project based on the updated MRE.

• Ongoing drilling at Kokoseb with five rigs, targeting further resource growth as the deposit remains open along strike and at depth.

• Further regional exploration and permit applications underway in both Namibia and Côte d'Ivoire.