West African Resources Hits High-Grade Gold

Key Highlights:

• Drilling returns standout intercepts of 44m @ 25.8 g/t and 44.5m @ 17.1 g/t gold
• Updated Mineral Resource Estimate and 10-year outlook expected Q3 2025
• WAF eyes 500,000 oz/year production milestone by 2030
   

West African Resources Ltd (ASX: WAF) has once again underscored its growth potential, delivering a series of exceptional high-grade gold intercepts from its M1 South underground drilling campaign at the Sanbrado Gold Operations in Burkina Faso.

Among the standout results:

• 44m @ 25.8 g/t Au, including 0.5m @ 1,723.3 g/t Au
• 44.5m @ 17.1 g/t Au
• 38.5m @ 17.4 g/t Au
• 21.5m @ 24 g/t Au
  
   

These intercepts, part of a broader 59-hole, 25,278m program, were designed to convert Inferred to Indicated Resources between 700m–950m below surface. The mineralisation displays consistent geometry and grade tenor, exceeding the company’s previous 2024 resource model expectations.

Executive Chairman Richard Hyde noted, “The results confirm M1 South underground as a high-margin, long-life asset. We anticipate a material uplift in tonnes and contained gold in our upcoming Q3 resource and reserve update.”

The update will also include a new 10-year production plan—further supporting WAF’s aspiration to reach 500,000 ounces per annum by 2030 across its operations.

The M1S Deeps results will be integral to the company’s resource upgrade and are expected to materially boost both confidence levels and the mine’s long-term economic value. Mineralisation remains robust, with highlights such as 4.5m @ 104.4 g/t Au and 1.5m @ 306.9 g/t Au reinforcing the underground zone’s grade profile.

While the Sanbrado operations remain WAF’s flagship, the nearing completion of its Kiaka build will provide the company with two low-cost, long-life production centres—each unhedged, allowing full exposure to prevailing gold prices.

With gold prices buoyant and investor sentiment steadily rising around high-grade plays, WAF’s continued success in unlocking value at depth bodes well for both its growth trajectory and its positioning among leading ASX gold producers.