Unhedged gold mining company
Kiaka South is located 700m south west of the main open pit area and will provide higher grade ore over the first 18 months of the Kiaka mine schedule. 'Results returned within the central portion at Kiaka South have been better than expected, with higher grades intercepted closer to surface when compared to the current resource model. WAF's technical team will optimise the shape of the Kiaka South open pit aiming to increase grade and reduce the strip-ratio of the open pit before mining commences in Q1 2025. 'WAF is on track to produce 4 million ounces over the next decade, with annual production set to peak in 2029 at 473,000 ounces of gold. Our unhedged resources now stand at 12.8 million ounces and Ore Reserves at 6.1Moz of gold.'
Kiaka South Grade Control Drilling Program Grade Control drilling at the Kiaka South Deposit has been completed at the
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Email: info@westafricanresources.com
Competent Person's Statement
Information in this announcement that relates to exploration results is based on, and fairly represents, information and supporting documentation prepared by Mr
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This announcement contains 'forward-looking information' including information relating to the Company's future production impacting its financial or operating performance. All statements in this announcement, other than statements of historical fact, that address events or developments that the Company expects to occur are 'forward-looking statements'. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words 'anticipates', 'does not anticipate', 'believes', 'estimates', 'expects', 'does not expect', 'intends', 'plans', 'potential', 'scheduled', 'forecast', 'budget', 'projects', and similar expressions, or that events or conditions 'will', 'would', 'may', 'could', 'should' or 'might' occur. All such forward-looking statements are based on the opinions and estimates of the relevant management as of the date the statements are made and are subject to important risk factors and uncertainties, many of which are beyond the Company's ability to control or predict. Forward-looking statements are necessarily based on estimates and assumptions that are inherently subject to known and unknown risks, uncertainties and other factors that may cause actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking statements. Should one or more of these risks and uncertainties materialise, or should underlying assumptions prove incorrect, actual results, level of activity, performance or achievements may vary materially from those described in the forward-looking information. The Company cannot and does not give any assurance that the results, performance or achievements expressed or implied by the forward-looking information contained in this announcement will actually occur. The Company's forward-looking information is based on the reasonable beliefs, expectations and opinions of the relevant management on the date the statements are made and the Company does not assume any obligation to update or revise forward-looking information if circumstances or management's beliefs, expectations or opinions change, or to publish prospective financial information in the future, regardless of whether new information, future events or any other factors affect the information contained in this announcement, except where required by applicable law. For the reasons set out above, investors are cautioned not to place undue reliance on forward-looking information.
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