Wia Gold (ASX: $WIA) Quarterly Activities Report highlights

Wia Gold Limited (ASX: $WIA) (Wia or the Company) has released its Quarterly Activities Report for the Quarter ended 31 March 2024. The report focuses on the updated Inferred Mineral Resource Estimate (MRE) for the Kokoseb Deposit in Namibia and the significant mineralised intercepts at the Bouallé Gold Project in Côte d'Ivoire. The Company also announced the appointment of Mr Josef El-Raghy as Executive Chairman and the successful completion of a bookbuild for a A$16.9 million placement to drive further growth at Kokoseb.

Executive Commentary

Wia Gold's focus on aggressive resource growth and classification upgrade drilling at the Kokoseb gold discovery, along with broader portfolio exploration activities, has resulted in a 63% increase in contained gold from the maiden MRE. The Company's commitment to further drilling and exploration activities at both the Namibia and Côte d'Ivoire projects underscores its dedication to expanding its resource base and enhancing the quality of its ounces. The appointment of Mr Josef El-Raghy as Executive Chairman brings a wealth of experience and expertise to the Company, positioning Wia Gold for continued success in its exploration and development endeavors.

Summary

Wia Gold's Quarterly Activities Report highlights the significant increase in contained gold at the Kokoseb Deposit in Namibia and the successful identification of strong mineralised intercepts at the Bouallé Gold Project in Côte d'Ivoire. The Company's focus on aggressive resource growth and classification upgrade drilling at Kokoseb, as well as broader portfolio exploration activities, demonstrates its commitment to expanding its resource base. With the appointment of Mr Josef El-Raghy as Executive Chairman and the successful completion of a A$16.9 million placement, Wia Gold is well-positioned to drive further growth and development across its projects in Namibia and Côte d'Ivoire.