West African Resources

Some winning pics below from the drone and scenic category of our recent photo competition, taken at our Sanbrado Operations by our talented staff members. Photos include a bird’s eye view of the mining pits, the underground crusher and our Sanbrado process plant. View all of the winning photos here: https://loom.ly/3MxG47E 📸 Credits: Franck Oubda, Leontine Kologo

We're pleased to report further results from the maiden grade control drilling program at our Kiaka Gold Project in Burkina Faso, with results including 5m at 27.2 g/t gold. Maiden grade control drilling of Kiaka Main Pit Stage 1 has now been completed, with mining to start in Q1 2025. Grade control results have continued to deliver thick and consistent zones of mineralisation. Kiaka is tracking to schedule and budget for first gold production in Q3 2025. Read more: https://loom.ly/P0-svXA

The Carpentry Capacity Building Workshop for the youth of Sanbrado's affected villages concluded successfully with a closing ceremony on 9 December 2024. This one-month initiative, valued at XOF 5.67 million (AUD ~$14,500), was organised and funded by West African Resources as part of its community development program. The workshop provided practical training in carpentry, entrepreneurship and financial management, equipping participants with skills to become financially empowered and independent.

We look forward to attending the Investing in African Mining Indaba Conference this week, 3-6 February. A copy of our latest corporate presentation is available below:

Every milestone we reach is a testament to the dedication and commitment of our outstanding team. Our colleagues across our West African gold projects and our Perth headquarters form the backbone of our achievements, driving our progress and success. Some of our fantastic team members are pictured below, undertaking daily work at Sanbrado and engaging with the local community. View all of the winning photos here from our recent photo competition: https://loom.ly/3MxG47E 📸 Credits: Abdou-Rasmane Guire, Anita K Zongo

On 29 November 2024, over 800 participants from local communities, authorities, and partners gathered in Boudry for the Day of Excellence, celebrating academic achievement, agricultural success, and local innovation. Highlights: 📚 Rewarding Excellence: Outstanding students and teachers were recognized with school kits, dictionaries, bicycles and scholarships for their remarkable efforts. 🌱 Agricultural Achievements: The best school garden yielded an impressive 2,000 kg of beans on 3.5 hectares, earning the top prize of XOF 250,000. 👩🎓 Supporting Students: SOMISA contributed XOF 3,000,000 to support 100 scholarships through the Boudry municipality's Social Service. 👚 Showcasing Local Talent: Women from affected villages exhibited handmade products like woven fabric, moringa powder, soaps, and sewn clothes.

Community development programs are a key priority for West African Resources. The following photos were taken as part of our recent photo competition by our talented team members. Pictures included International Women's Day celebrations with the Mankarga Peulh Women's Group, and WAF's community relations team donating equipment to local schools in the area and awarding prizes to top performing students. View all of the winning photos here: https://loom.ly/3MxG47E 📸 Credits: Lea Kologo, Neill Sawadogo, Faicatou Ouedraogo

Gold miner WAF keeps on 'keeping on' as big growth year takes shape: Successful producer set to double production profile later this year | Coverage in MiningNews.net below:

This morning our Executive Chairman and CEO Richard Hyde hosted an investor webinar discussing the December 2024 quarterly report. Sanbrado delivered another solid quarter with 51,178 ounces produced at an AISC of US$1,216/oz. 2024 gold production and cost guidance was achieved with full year of production of 206,622 ounces at an AISC of US$1,240/oz – our fourth consecutive year of achieving both cost and production guidance. Construction, operational readiness and grade control drilling at Kiaka continue to progress on-time and on budget, with the project on track for first gold in Q3 this year. Listen to a replay of the call here: https://loom.ly/iOxBVNs

West African Resources is pleased to release its December Quarterly Activities Report: https://loom.ly/bFX6H0A Our Chairman and CEO Richard Hyde commented: “Sanbrado delivered another solid quarter with 51,178 ounces produced at an AISC of US$1,216/oz. “WAF achieved 2024 gold production and cost guidance with full year of production of 206,622 ounces at an AISC of US$1,240/oz. This was our fourth consecutive year of achieving both cost and production guidance and we look forward to releasing our 2025 guidance in the coming weeks. “Construction, operational readiness and grade control drilling at Kiaka are progressing on-time and on budget as we are only two quarters away from first gold being poured at Kiaka in Q3 2025 when WAF will become a +420,000 ounce per annum gold producer. “We are extremely proud of WAF’s Emergency Response Team from Sanbrado who competed in the 2024 MERC in Perth against seasoned Australian and international teams. WAF placed fourth overall which was an outstanding effort. “We are proud of Sanbrado for being honoured with the Burkina Faso National Order of Honor Medal in recognition of its contribution to the development of municipalities and other local communities.” 💻 Investor webinar starting at 9:00am AEDT, which will provide an overview of the quarterly report. Register here: https://loom.ly/_GeAznQ