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WIA Gold Limited ( (AU:WIA) ) has shared an announcement.
Wia Gold Limited has completed the divestment of all its non-core gold exploration permits in Côte d’Ivoire to ASX-listed Santa Fe Minerals Limited, receiving 20 million ordinary shares and 8 million performance rights in Santa Fe as consideration. The transaction enables Wia to maintain indirect exposure to the Côte d’Ivoire assets through its Santa Fe shareholding while strategically concentrating capital and management effort on advancing its flagship Kokoseb gold project in Namibia, where it already controls a substantial 2.93 million-ounce resource and aims to strengthen its position as a significant emerging gold developer in the region.
The most recent analyst rating on (AU:WIA) stock is a Hold with a A$0.43 price target. To see the full list of analyst forecasts on WIA Gold Limited stock, see the AU:WIA Stock Forecast page.
More about WIA Gold Limited
Wia Gold Limited is an ASX-listed gold exploration and development company focused on the Kokoseb gold project in north-west Namibia, a well-established mining jurisdiction known for uranium, diamonds, gold and base metals. Kokoseb, held under an 80% joint venture interest with state-owned Epangelo within the broader Damaran Project of 12 tenements covering over 2,700 km², hosts an updated Indicated and Inferred Mineral Resource Estimate of 2.93 million ounces of gold at 1.0 g/t, including a higher-grade core of 2.07 million ounces at 1.4 g/t.
Average Trading Volume: 1,880,950
Technical Sentiment Signal: Buy
Current Market Cap: A$649.2M
Find detailed analytics on WIA stock on TipRanks’ Stock Analysis page.