Wia Gold Unveils 2.93Moz Kokoseb Resource, Racing Toward 2026 DFS
Wia Gold Limited has significantly upgraded its Kokoseb Gold Project resource to 2.93 million ounces, advancing steadily toward a Definitive Feasibility Study targeted for late 2026. The company’s accelerated drilling and strong high-grade results underpin its ambition to become Namibia’s fourth commercial gold mine.
- Updated Mineral Resource Estimate of 2.93 million ounces at 1.0 g/t Au
- 1.81 million ounces classified as Indicated, 1.1 million ounces as Inferred
- Accelerated drilling campaign with over 120,000m drilled since 2022
- Scoping Study due Q3 2025, Definitive Feasibility Study and Exploitation Permit targeted for H2 2026
- Kokoseb positioned in a stable, mining-friendly Namibian jurisdiction with strong infrastructure
Resource Upgrade Signals Growing Confidence
Wia Gold Limited has announced a substantial upgrade to its Kokoseb Gold Project’s Mineral Resource Estimate (MRE), now totaling 2.93 million ounces of gold at an average grade of 1.0 grams per tonne. This marks a significant increase from previous estimates of 1.3 million ounces in 2023 and 2.12 million ounces in 2024, reflecting the success of an aggressive and sustained drilling campaign.
The updated resource comprises 1.81 million ounces classified as Indicated and 1.1 million ounces as Inferred, providing a stronger foundation for advancing the project through feasibility and permitting stages. With over 120,000 metres drilled since discovery in 2021, Wia Gold has demonstrated both the scale and consistency of Kokoseb’s gold mineralisation across a 5.4-kilometre strike length.
Accelerated Drilling and High-Grade Intercepts
The company’s exploration efforts have been marked by continuous high-grade intercepts, including notable results such as 50 metres at 12.00 g/t gold and multiple zones exceeding 1 g/t over significant widths. These findings highlight the potential for both open-pit and underground mining, with mineralisation open at depth and along strike.
Wia Gold’s accelerated drilling program, operating 4-5 rigs in 2025 compared to two in 2024, aims to further expand the resource and refine the geological model. This momentum is critical as the company prepares for upcoming technical studies and regulatory milestones.
Pathway to Production in a Premier Jurisdiction
Situated in Namibia, a politically stable and mining-friendly country with excellent infrastructure, Kokoseb benefits from proximity to established gold mines such as B2Gold’s Otjikoto and QKR’s Navachab. Namibia’s supportive fiscal regime and low-risk environment enhance the project’s attractiveness to investors.
Wia Gold is targeting a Scoping Study in the third quarter of 2025, which will incorporate economic assessments and initiate the formal permitting process for an Exploitation Permit. The Definitive Feasibility Study (DFS) and mining license application are planned for the second half of 2026, setting the stage for potential commercial production.
Experienced Leadership Driving Value Creation
The company’s management team brings extensive experience in African gold exploration and development, with a track record of delivering value from discovery through to production. Executive Chairman Josef El-Raghy and Exploration Manager Pierrick Couderc, who discovered Kokoseb, are supported by a strong technical and financial team focused on advancing the project efficiently.
Fully financed for its near-term development milestones, Wia Gold is positioning Kokoseb as Namibia’s fourth commercial gold mine, with ambitions to significantly contribute to the country’s mining sector and economy.
Bottom Line?
With a robust resource base and clear development roadmap, Wia Gold’s Kokoseb project is poised to transform Namibia’s gold landscape, next up, the critical Scoping Study and permitting milestones.
Questions in the middle?
- How will fluctuating gold prices impact the economic viability of Kokoseb’s development?
- What are the key risks and timelines associated with securing the Exploitation Permit in Namibia?
- To what extent can further drilling expand the Indicated resource and improve project economics?
