Kokoseb Deposit Remains Open at Depth After Wia’s Best-Ever Gold Intercept

Outstanding Drill Results at Kokoseb

Wia Gold Limited (ASX, WIA) has announced a series of highly encouraging assay results from its Kokoseb Gold Project in Namibia, marking a pivotal moment in the company’s exploration campaign. The highlight is a remarkable intercept of 50 metres grading 12.00 grams per tonne (g/t) gold in drill hole KRC437, which includes an extraordinary 1 metre sample at 528 g/t gold. This intercept stands as the best gold intercept recorded to date at Kokoseb, underscoring the project's significant potential.

The drilling program, comprising 33 Reverse Circulation (RC) and 11 diamond drill holes totaling over 11,000 metres, aims to upgrade inferred resources and expand the existing 2.12 million ounce (Moz) gold resource. Results from the Southern Zone, where KRC437 is located, demonstrate consistent high-grade widths, with other notable intercepts such as 24m at 2.42 g/t and 27m at 2.34 g/t gold.

Expanding Mineralisation Across Multiple Zones

Beyond the Southern Zone, the Central and Northwest Zones have also delivered strong results. Diamond drilling has extended the Central Zone’s high-grade shoot by an additional 200 metres down plunge, with intercepts like 9.7m at 4.66 g/t gold at nearly 480 metres depth. The NW Zone drill hole KDD071 intersected the deepest mineralised intercept so far at 515 metres vertical depth, confirming the system remains open at depth and may host further underground targets.

Shallow drilling near the Central Zone has extended a high-grade shoot with an unconstrained intercept of 118.3 metres at 1.46 g/t gold, including multiple higher-grade intervals exceeding 7 g/t. Complementary infill drilling continues to convert shallow resources, returning consistent mineralisation that supports the continuity of the deposit.

Geological Context and Next Steps

The Kokoseb deposit is hosted within the Kuiseb schist formation, part of the Pan-African Damaran Orogenic Belt, a well-known geological setting for orogenic gold deposits. The mineralisation is spatially associated with sulphides such as pyrrhotite and arsenopyrite, with gold occurring as native grains within quartz-chlorite-diopside veins.

Wia’s Executive Chairman, Josef El-Raghy, emphasised the significance of these results, stating that the deposit remains open both at depth and along strike, with consistent high-grade widths across multiple zones. The company is on track to release an updated Mineral Resource Estimate (MRE) later in July, which is expected to reflect the impact of these new drilling results and potentially unlock further value for stakeholders.

With the Kokoseb project located in Namibia, a mining-friendly jurisdiction with established infrastructure, Wia Gold is well positioned to advance the project through further exploration and development phases. The ongoing drilling campaign and upcoming MRE will be critical milestones in defining the scale and quality of the resource.