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West African Resources Ltd ( (AU:WAF) ) has issued an update.
West African Resources Ltd has disclosed that First Sentier Group Limited and a broad group of its related entities and associates, ultimately linked to Mitsubishi UFJ Financial Group, have ceased to be substantial shareholders in the company as of 6 January 2026. The notice, lodged under Australian Corporations Act disclosure requirements, signals a significant shift in the company’s institutional share register, potentially reducing the influence of this major global asset management and banking group over West African Resources’ corporate governance and future capital market activity.
The most recent analyst rating on (AU:WAF) stock is a Hold with a A$3.20 price target. To see the full list of analyst forecasts on West African Resources Ltd stock, see the AU:WAF Stock Forecast page.
More about West African Resources Ltd
West African Resources Ltd is an Australia-based resources company listed on the ASX, focused on the exploration and development of mineral assets in West Africa, particularly gold projects. The company operates in the mining and natural resources sector, targeting investors seeking exposure to African gold production and related resource development opportunities.
Average Trading Volume: 13,002,065
Technical Sentiment Signal: Buy
Current Market Cap: A$3.64B
For a thorough assessment of WAF stock, go to TipRanks’ Stock Analysis page.