West African Resources (ASX:WAF) plans to launch its largest-ever drilling campaign in 2025

Tue 03 Dec 24, 01:15 AM |

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Highlights

West African Resources targets annual gold production of over 450,000 ounces over the next decade, with a peak of 494,000 ounces in 2030.

In 1HFY24, revenue rose 11% YoY to AUD 344.4 million, while profit after tax increased 12% YoY to AUD 92.2 million.

The company plans its largest-ever exploration program in 2025.

West African Resources Ltd (ASX:WAF) is a West Africa-focused company that acquires, explores and develops gold projects. Over the next decade, the company targets gold production of over 450,000 ounces every year with peak production of 494,000 ounces in 2030.

The 10-year production forecast of WAF includes an average of 420,000 ounces annually from 2024 to 2033 and 480,000 ounces between 2026 and 2031. This guidance is based on 83% of its ore reserves, employing a conservative gold price assumption of USD 1,400 per ounce.

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