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West African Resources Ltd ( (AU:WAF) ) has issued an update.
West African Resources Limited announced promising diamond drilling results from below the M5 North open-pit ore reserve at its Sanbrado Gold Operations in Burkina Faso. The drilling has confirmed potential for extending the mine’s life, with significant gold mineralization found more than 300 meters below current ore reserves. The company plans to continue its aggressive exploration programs into 2026, aiming to incorporate these findings into its upcoming Mineral Resource and Ore Reserve update. This development could materially extend the open-pit mine-life, providing a base load feed to the Sanbrado process plant in the later years of the company’s 10-year production plan.
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 Limited is an unhedged gold mining company operating primarily in Burkina Faso. The company focuses on gold exploration and production, with significant resources and reserves in its Sanbrado Gold Operations.
YTD Price Performance: 100.70%
Average Trading Volume: 30,385,142
Technical Sentiment Signal: Buy
Current Market Cap: A$3.29B
See more insights into WAF stock on TipRanks’ Stock Analysis page.