West African Resources targets gold exploration in Burkina Faso
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West African Resources targets gold exploration in Burkina Faso
ASX listed WAF plans to invest in gold exploration in 2025
Australian listed West African Resources (WAF) will invest USD15-million to USD20-million in exploration in 2025, marking a significant increase compared to previous years.
The company aims to drill more than 115,000m across their Sanbrado and Kiaka production centres, and surrounding exploration areas.
According to West African Executive Chairman and CEO Richard Hyde the company expects to complete more than half of the 2025 drilling budget with West African owned and operated drill rigs.
Investing in drilling programs
“At Sanbrado USD13-million will be directed towards surface and underground drilling programs with the goal of expanding the underground resource and reserve base at M1 South, M5 South and Toega.
A total of 50,000 meters of underground drilling and 30,000 meters of surface drilling is planned for 2025.
WAF also plans to step-up regional exploration drilling across our permits surrounding the Kiaka and Sanbrado production centres with over 35,000 metres of RC and auger drilling planned.
Kiaka centre to commence production
Hyde says that 2025 will be a transformative year for WAF.
“We are guiding WAF gold production of 290,000 to 360,000 ounces in 2025 as the Kiaka process plant is commissioned and ramps up to steady state operation during H2 2025.
“Sanbrado’s 2025 annual guidance is 190,000 to 210,000 ounces at an average site sustaining cost of less than USD1,350 per ounce. We intend to invest significant capital at Sanbrado to secure its continued longterm low-cost gold production, with development to commence at the Toega open pit and the planned M5 Underground in 2025,” Hyde says.
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West African Resources targets gold exploration in Burkina Faso
