West African Resources is pleased to report reserve definition drilling at the M1 South and M5 deposits is complete and all results have been received for the upcoming optimised feasibility study for the Sanbrado Gold Project. Highlights M1 South 3.5m at 13.3 g/t Au from 545m, including 0.5m at 57.4 g/t Au 2m at 18.9 g/t Au from 415m, including 1m at 33.8 g/t Au 1m at 85.8 g/t Au from 164m 3.5m at 41 g/t Au from 175m 6.5m [...]
West African Resources advises that it has applied for a voluntary de-listing of its ordinary shares from trading on the TSXV. TSXV has subsequently confirmed that the Company's shares will be de-listed and therefore no longer traded on the TSXV after close of trading on Friday, 8 March 2019. No change will occur to the quotation and trading of WAF shares on the Australian Securities Exchange and its shares will remain [...]
West African Resources is pleased to announce that the Company is participating in the 121 Conference, Cape Town, South Africa. Richard Hyde, Managing Director of West African Resources, delivered a corporate presentation at the conference on Tuesday, 5 February 2019 at 9:20am . The presentation will be posted to the Company's website. For further information, contact: Richard Hyde Managing Director Ph: 08 9481 7344 [...]
West African Resources is pleased to report progress on its Sanbrado Gold Project, for the quarter ending 31 December 2018. Highlights Project Development Summary Underground mining contract awarded to Byrnecut Mill package awarded to Outotec, order placed for 4MW SAG and ball mills EPCM contract for Sanbrado awarded to Lycopodium Earthworks, camp and box cut for underground access commenced by WAF construction team [...]
West African Resources advises that it has issued 172,700,000 fully paid ordinary shares at A$0.25 per share under ASX Listing Rule 7.1 and 7.1A, as announced on 5 December 2018. The Company hereby provides notice to the ASX for the purposes of ASX Listing Rule 3.10.5A and ASX Listing Rule 7.1A.4 that on 13 December 2018 it issued 172,700,000 fully paid ordinary shares in the Company, of which 103,623,709 will be issued [...]
West African Resources provides notice that it intends to change its financial year end from 30 June to 31 Dec. 2. Reason for Change The year-end has been changed to bring the Company into alignment with the financial year end of its operational subsidiaries in Burkina Faso which will result in administrative efficiency gains for group reporting. 3. Previous Financial Year End 30 June 4. New Financial Year End 31 December [...]
West African Resources is pleased to announce the following financing package for the development of its Sanbrado Gold Project: Credit approved US$200 million finance facility with Taurus Funds Management. Key terms of the Debt Facility include competitive interest rates, no hedging requirement, early repayment flexibility and an ability to distribute and use free cash; provides West African with a highly flexible [...]
West African Resources is pleased to announce the success of its fully underwritten share placement to raise A$43.2 million which was announced on 5 Dec 2018. Highlights West African fully funded through to gold production at the Sanbrado Gold Project Underwritten Placement for A$43.2 million Strong support from existing and new institutional shareholders Non-underwritten Share Purchase Plan of up to A$5.0 million for [...]
West African Resources is pleased toannounce it has awarded the underground mining contract for the Sanbrado GoldProject, to highly experienced mining services contractor ByrnecutBurkina Faso, part of the Byrnecut group of companies. Underground mining contract for M1 South awarded to Byrnecut Contract amount to be US$110M over five years West African and Byrnecut to enter into a deferred payment plan of up to US$10m [...]
West African Resources is pleased to report extensive visible gold has been intercepted in the deepest hole drilled to date at the Sanbrado Gold Project. High grade intercept of 25m at 15.03 g/t Au from 862m including; 5.5m at 40.42 g/t Au from 863.5m 1.5m at 26.02 g/t Au from 879m 0.5m at 71.80 g/t Au from 886m New intercept located 220m vertical beneath existing Probable Ore Reserves Adds potential to extend the M1 [...]
Gold developer West African Resources Ltd. is pleased to report extensive visible gold has been intercepted in the deepest hole drilled to date at the Sanbrado Gold Project, Burkina Faso. Highlights Extensive visible gold intercepted from 865m to 895m down hole New intercept located 220m vertical beneath existing Probable Ore Reserves Hole completed at 1,000.8m, assays expected by the end of November 2018 Adds potential [...]
Mill Package Order Placed Gold developer West African Resources Ltd. is pleased to advise that it has taken key stepsto advance the development of its 90% owned Sanbrado Gold Project . Highlights Awarded EPCM contract to Lycopodium, first gold scheduled for second half of 2020 Awarded mill package to Outotec, order placed for 4MW SAG and ball mills Key owner’s construction team positions filled Construction of stage one [...]
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