Kokoseb Drilling Extends High-Grade Gold Mineralisation 400m Below Pit

Expanding the Depths of Kokoseb

Wia Gold Limited (ASX:WIA) has announced compelling new assay results from its Kokoseb Gold Project in Namibia, highlighting the growing potential for underground mining beyond the existing open-pit resource. The recent drilling campaign, comprising over 13,000 meters, has successfully extended known high-grade gold mineralisation significantly deeper, particularly in the Southern Zone, where the plunging shoot now reaches at least 400 meters below the current scoping study pit shell.

This extension is not just a matter of depth but also of scale and grade continuity, with intercepts such as 10.8 meters at 5.16 grams per tonne (g/t) gold and 4 meters at an impressive 19.41 g/t gold underscoring the robustness of the deposit. These results reinforce the Southern Zone as a prime target for underground development, with mineralisation remaining open at depth.

New Targets Beneath the Central Zone

Beyond the Southern Zone, Wia Gold’s drilling has identified fresh high-grade targets beneath the Central Zone pit shell. Notable intercepts include 20.7 meters at 5.77 g/t gold, including 11 meters at nearly 10 g/t gold, pointing to a coherent mineralised trend extending over 350 meters of strike. These findings suggest that the Central Zone’s underground potential is even greater than previously understood, with mineralisation still open for expansion.

The Central Zone also continues to demonstrate strong grade continuity along its high-grade plunging shoots, with recent results such as 5.6 meters at 36.54 g/t gold and 18 meters at 2.8 g/t gold, including a high-grade section of 3.1 meters at 11.09 g/t gold. This consistency supports the geological model and strengthens the case for a substantial underground resource.

Active Drilling and Next Steps

Wia Gold is currently operating six diamond drill rigs focused on defining and expanding these high-grade zones, alongside a dedicated reverse circulation rig conducting infill drilling to enhance the open-pit resource. This dual approach aims to both de-risk the near-surface resource and accelerate underground resource definition.

Managing Director and CEO Henk Diederichs emphasised the significance of these results, noting that the continuity and scale of the high-grade system at depth are increasingly clear. The company is targeting completion of a Definitive Feasibility Study (DFS) in the second half of 2026, which will incorporate these latest findings and guide development decisions.

Strategic Importance of Kokoseb

Located in Namibia’s well-established mining jurisdiction, the Kokoseb Gold Project forms part of Wia Gold’s broader Damaran Project portfolio. The deposit hosts an inferred and indicated mineral resource estimate of 2.93 million ounces of gold at 1.0 g/t, with a higher-grade portion of 2.07 million ounces at 1.4 g/t. The recent drilling results are poised to enhance these figures, particularly by adding underground ounces that could extend mine life and improve project economics.

With ongoing drilling campaigns and a clear pathway toward feasibility and development, Kokoseb is shaping up as a significant asset for Wia Gold and a potential contributor to Namibia’s gold production landscape.