West African Resources Reports High-Grade Gold Finds at M1 South

West African Resources Ltd ( (AU:WAF) ) has shared an update.

West African Resources Limited has announced significant high-grade gold mineralization results from its recent diamond drilling at the M1 South Main Deeps Resource within the Sanbrado Gold Operations in Burkina Faso. The results, which include impressive gold grades and widths, are expected to enhance the company’s Mineral Resource Estimate and Ore Reserves, with an updated report and a new 10-year production outlook anticipated in Q3 2025. These developments, along with the nearing completion of the Kiaka build, position the company to operate two long-life, low-cost gold production centers by 2025, supporting its strategic growth objectives.

The most recent analyst rating on (AU:WAF) stock is a Buy with a A$2.00 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 Limited is an unhedged gold mining company operating primarily in Burkina Faso. The company focuses on high-grade gold mineralization and aims to expand its production capabilities, with a goal of reaching 500,000 ounces of gold production annually by 2030.

Average Trading Volume: 4,269,019

Technical Sentiment Signal: Buy

Current Market Cap: A$2.61B

For an in-depth examination of WAF stock, go to TipRanks’ Stock Analysis page.