Wia Gold Strikes High-Grade Gold at Kokoseb, Feasibility Study on Horizon
Wia Gold Limited reports robust assay results from extensive drilling at its Kokoseb Gold Project in Namibia, reinforcing prospects for both open pit expansion and underground mining. The company is on track to deliver a Definitive Feasibility Study by the second half of 2026.
- Positive assay results from 118 RC and 27 diamond drill holes
- High-grade gold intercepts confirm potential for underground resource
- Updated inferred mineral resource estimate of 2.93 million ounces at 1.0 g/t Au
- Five diamond rigs actively delineating high-grade shoots
- Definitive Feasibility Study targeted for H2 2026
Drilling Success at Kokoseb
Wia Gold Limited (ASX, WIA) has announced encouraging assay results from a comprehensive drilling campaign at its Kokoseb Gold Project in Namibia. The program, comprising 118 Reverse Circulation (RC) and 27 diamond drill holes totaling nearly 27,000 metres, has delivered consistent high-grade gold intercepts, particularly within the Central Zone's plunging shoots.
Notable intercepts include 27 metres at 3.31 grams per tonne (g/t) gold from 474 metres depth, including an 11-metre section grading 5.21 g/t, and a remarkable 10.9 metres at 12.26 g/t from 223.5 metres. These results underscore the potential to expand the existing open pit resource and bolster confidence in defining a future underground resource.
Strategic Drilling and Resource Expansion
Wia Gold has deployed five diamond drill rigs focused on delineating high-grade shoots beneath the current pit shell, aiming to support underground resource development. The Central Zone, with over 500 metres of strike length and open at depth, continues to yield promising results, including intercepts that extend mineralisation beyond previously known boundaries.
Infill RC drilling has also been completed to convert resources to a higher confidence category, with results to be incorporated into an upcoming resource update. Additionally, a trial grade control drilling program has confirmed strong mineralisation continuity from surface, which is critical for future mining operations.
Project Context and Outlook
The Kokoseb Gold Project, part of Wia's broader Damaran Project portfolio, is situated in a well-established mining jurisdiction in Namibia. The project holds an updated inferred mineral resource estimate of 2.93 million ounces of gold at a 1.0 g/t cutoff grade, including a higher-grade portion of 2.07 million ounces at 1.4 g/t.
Executive Chairman Josef El-Raghy highlighted that the drilling results not only demonstrate resource growth potential but also affirm the path toward delivering a Definitive Feasibility Study in the second half of 2026. This milestone is pivotal for advancing Kokoseb toward development and eventual production.
Technical Assurance and Governance
The drilling and assay programs adhere to industry best practices, with rigorous quality control measures including blanks, standards, and duplicates. The Competent Person for the exploration results, Pierrick Couderc, and for resource modelling, Jonathon Abbott of Matrix Resource Consultants, have reviewed and endorsed the data, ensuring reliability and transparency for investors.
Wia Gold's joint venture arrangements with the Namibian government through Epangelo Mining Limited further solidify the project's strategic positioning within the country's mining sector.
Bottom Line?
As Wia Gold advances toward its feasibility study, Kokoseb’s high-grade potential could reshape its development trajectory and investor appeal.
Questions in the middle?
- How will upcoming feasibility outcomes impact the project's economic viability?
- What are the timelines and expectations for converting inferred resources to indicated or measured categories?
- Could further drilling reveal additional high-grade shoots beyond current zones?