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West African Resources Pours First Gold Bar

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Kiaka Gold Project achieves milestone ahead of schedule and under budget

West African Resources (ASX:WAF) has announced the successful pouring of its first gold bar at the Kiaka Gold Project in Burkina Faso. The 5.7-kilogram gold bar marks a significant milestone for the company, achieved ahead of schedule and under budget. West African Resources is a gold producer operating in Burkina Faso, committed to responsible mining practices and creating value for its stakeholders. The company aims to become a +500kozpa gold producer by 2030.

Executive Chairman Richard Hyde described the first gold pour as a “major” achievement, highlighting that it comes just three and a half years after the acquisition of the Kiaka project. He added that the build was completed and production ramp-up is underway and the company has realised its strategy of having “two long-life, unhedged, low-cost gold production centres in operation in 2025”. Construction and commissioning activities at the site are now complete across all areas with the exception of the high-voltage grid power connection.

The processing plant has demonstrated strong performance during its early operations, with stable throughput and metallurgical recoveries exceeding the company’s expectations. West African Resources, which currently has a market capitalisation of $2.5 billion, anticipates continuing to ramp up operations throughout Q3 2025. Further performance improvements are expected upon the full availability of grid power.

The company expects to reach nameplate throughput during Q3. To date, West African has processed 140,000 tonnes of ore at 0.7 grams per tonne gold through the plant, with indicative metallurgical recoveries of 92%. West African’s other gold operation, Sanbrado Gold Operations, achieved its first gold pour in March 2020.

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