Wia Gold’s Kokoseb Resource Surges 38% to 2.93Moz Amid Strong Drilling Results
Wia Gold Limited has reported a substantial 38% increase in its Kokoseb Gold Project resource to 2.93 million ounces, with a majority now classified as Indicated, underpinning ongoing scoping study progress and further exploration in Namibia and Côte d’Ivoire.
- Kokoseb Mineral Resource Estimate increased by 38% to 2.93 million ounces
- 62% of resource now in the higher-confidence Indicated category
- Strong high-grade drill intercepts including 50m at 12 g/t Au
- Scoping study advancing with key technical milestones achieved
- Exploration continues in Namibia and Côte d’Ivoire with new permits granted
Resource Growth at Kokoseb
Wia Gold Limited (ASX – WIA) has delivered a significant boost to its flagship Kokoseb Gold Project in Namibia, announcing a 38% increase in its Mineral Resource Estimate (MRE) to 2.93 million ounces of gold. This upgrade, reported after the quarter ended 30 June 2025, reflects the results of an intensive drilling campaign that extended mineralisation and upgraded a large portion of the resource to the Indicated category, now representing 62% of the total ounces.
The new MRE includes a high-grade component of 2.07 million ounces at 1.4 grams per tonne gold, highlighting the quality of the deposit. Drilling during the quarter focused on infill and extensional targets, with standout intercepts such as 50 metres at 12.00 g/t Au, including an exceptional 528 g/t sample, underscoring the project's potential.
Advancing the Scoping Study
Alongside resource growth, Wia Gold has made solid progress on its Kokoseb Scoping Study, aiming to define a viable project based on the updated resource. Key technical work completed includes geotechnical drilling, preliminary mine design, metallurgical testwork confirming optimal grind size, and process plant design. Infrastructure planning covers tailings storage, water supply, and power connection options, with a preferred 66kV grid connection identified.
The company anticipates completing the Scoping Study in the current quarter, setting the stage for a Definitive Feasibility Study. The comprehensive approach reflects a maturing project moving steadily towards development readiness.
Exploration Momentum in Namibia and Côte d’Ivoire
Exploration activity remains robust, with 18,664 metres drilled at Kokoseb during the quarter, targeting both shallow infill and deep extensions of high-grade shoots. Encouraging results continue to emerge, including multiple intercepts exceeding 5 g/t Au and extensions of mineralised zones open at depth and along strike.
Regionally in Namibia, reconnaissance programs are underway to identify new targets, while in Côte d’Ivoire, Wia Gold is progressing auger drilling at the Mankono Ouest permit and has commenced trenching at Issia. The granting of a new permit at Dialakoro, an area with no prior exploration, adds to the company’s growing West African footprint.
Financial Position and Outlook
Wia Gold ended the quarter with a healthy cash balance of A$29 million and no debt, supporting ongoing exploration and study activities. The company invested A$4.66 million in exploration during the period, reflecting its commitment to advancing its projects.
With a steadily growing resource base, advancing technical studies, and active exploration across two jurisdictions, Wia Gold is positioning itself as a compelling gold development story in the African mining landscape.
Bottom Line?
Wia Gold’s expanding resource and advancing studies at Kokoseb set the stage for a pivotal development phase, but investors will watch closely for scoping study outcomes and further exploration success.
Questions in the middle?
- How will the updated resource impact the economics and timeline of the Kokoseb project?
- What are the next steps and expected milestones for the Definitive Feasibility Study?
- Can exploration success in Côte d’Ivoire translate into a new material resource in the near term?