West African Resources Ltd (AU:WAF) has released an update.
West African Resources Ltd announces strong cash flow prospects from its Kiaka Gold Project, with a significant ore reserve increase to 4.8 million ounces and an extended 20-year mine life. The project is on track for first gold production in Q3 2025, with an average annual production of 258,000 ounces over the first five years. Implementing an owner-mining strategy with larger equipment is expected to yield considerable cost savings and contribute to an average gold production of 480,000 ounces annually between 2026 and 2031.
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