West African Resources Ltd · ASX:WAF
West African Resources — Africa Down Under 2025
24 slides from West African Resources's conference presentation, Sep 5, 2025
Slide 1: Flight to 500 - West Africa's Growing Mid Tier Producer
For personal use only Red-necked Buzzard, Toega WEST AFRICA’S GROWING MID TIER PRODUCER FLIGHT TO 500 Africa Down Under Presentation, September 2025
Slide 2: Important Notice - Disclaimer
IMPORTANT NOTICE DISCLAIMER . The following notice and disclaimer apply to this presentation (Presentation) and you are advised to read this carefully before reading or making any other use of this Presentation or any information contained in this Presentation. FINANCIAL DATA This Presentation is da
Slide 3: Important Notice - Forward Looking Statements
IMPORTANT NOTICE FORWARD LOOKING STATEMENTS continued or claims and other defects in title; competition from larger companies with greater financial and technical resources; the inability to meet financial obligations under agreements to which it is a party; ability to recruit and retain qualified p
Slide 4: West Africa's Growing Mid-Tier Gold Producer
WEST AFRICA’S GROWING MID-TIER GOLD PRODUCER 100% UNHEDGED MINERAL RESOURCES AND ORE RESERVES For personal use only 2025 Mineral Ore 10 Year Exploration Market Production Guidance Resources Reserves Production Target Permits Capitalisation 290 – 360k oz 12.2 Moz 6.5 Moz 4.8 Moz +1,300 km² A$3,252m*
Slide 5: Board and Management
WEST AFRICAN RESOURCES LTD BOARD AND MANAGEMENT For personal use only Richard Hyde Lyndon Hopkins Rod Leonard Libby Mounsey Stewart Findlay Robin Romero Jayde Webb Founder, CEO and Executive Director and Lead Independent Executive Director of Non-Executive Non-Executive Non-Executive Executive Chair
Slide 6: WAF Project Locations
WAF PROJECT LOCATIONS For personal use only 6
Slide 7: Flight to 500
WEST AFRICAN RESOURCES LTD F L I G H T TO 5 0 0 WAF aims to be a sustainable +500koz gold producer by 2029 For personal use only 2025 Drilling Programs Targeting Resource and Reserve Upgrades M1 South underground resource growth M5 South underground resource growth M5 Central and North open-pi
Slide 8: 10 Year Production Target
WEST AFRICAN RESOURCES LTD 1 0 - Y E A R P R O D U C T I O N TA R G E T 600,000 Production target to average: ‒ 477,000 oz pa 2025 - 2034 For personal use only 500,000 ‒ 511,000 oz pa 2026 – 31 ‒ 569,000 oz pa 2029 peak 400,000 10-year production target based on 83% Ore Reserves at Recovered Gol
Slide 9: Sanbrado Gold Operations
WEST AFRICAN RESOURCES LTD S A N B R A D O G O L D O P E R AT I O N S For personal use only 9
Slide 10: Sanbrado Gold Mine Key Project Metrics
SANBRADO GOLD MINE KEY PROJECT METRICS Location South-central Burkina Faso, West Africa Ownership WAF 85%; Burkina Faso government 15% For personal use only Type Contract open-pit and underground mining Resources 74 Mt at 1.98 g/t for 4.7 Moz gold (US$2,000) Reserves 25 Mt at 2.5 g/t for 2.0 Moz gol
Slide 11: Kiaka Gold Project
WEST AFRICAN RESOURCES LTD KIAKA GOLD PROJECT For personal use only 11
Slide 12: Kiaka Gold Project
KIAKA GOLD PROJECT 1 8 Y E A R S AT 2 4 8 , 0 0 0 O Z P E R Y E A R Location South-central Burkina Faso, West Africa For personal use only Ownership WAF 85%; Burkina Faso government 15% Type Open-pit, low strip ratio 1.8 : 1 LOM Resources 279 Mt at 0.8 g/t for 7.5 Moz gold (US$2000) Reserves 156 Mt
Slide 13: Sustainability Report Highlights - Operations
SUSTAINABILITY 2 0 2 4 S U S TA I N A B I LT Y R E P O R T H I G H L I G H T S OPERATIONS 206,622 oz annual gold production For personal use only A$730 million annual revenue A$154 million taxes and royalties paid to Govt of Burkina Faso AWARDS Medal of Honour awarded to SOMISA for Local Com
Slide 14: Sustainability Report Highlights - People and Community
SUSTAINABILITY 2 0 2 4 S U S TA I N A B I LT Y R E P O R T H I G H L I G H T S OUR PEOPLE For personal use only 95% of Sanbrado employees are Burkinabe Sanbrado TRIFR: 1.51 per million hours worked A$51 million paid as wages and benefits to employees COMMUNITY A$7 million paid to Local Devel
Slide 15: Investing in Our Common Future
INVESTING IN OUR COMMON FUTURE D R I V I N G S U S TA I N A B L E G R O W T H A N D S U P P O R T I N G S H A R E D VA L U E Contributions since start of mining operations 2020 US$370 million contributed to Burkina Faso in taxes and royalties For personal use only US$9 million invested in communit
Slide 16: Our People
OUR PEOPLE É Q U I P E WA F Total workforce Burkina Faso For personal use only 2,716 Burkinabe Number of work employees experience interns 2025 WAF 93% Building a strong 90 workforce 6,237 Hours of induction and safety training in 2024 16
Slide 17: Protecting Our Workforce
PROTECTING OUR WORKFORCE O C C U PAT I O N A L H E A LT H A N D S A F E T Y WAF operates a comprehensive Occupational Health and Safety Management System (OHSMS) based on ISO 45001 standards For personal use only Key Statistics: 5 million man-hours LTI free WAF TRIFR: 1.42 v Western Australian G
Slide 18: Community - Sanbrado and Toega
COMMUNITY B U I L D I N G L A S T I N G VA L U E SANBRADO TOEGA Built 3 schools, electrified and furnished 5 schools Resettlement program commenced in 2025 For personal use only SOMISA University Scholarship Program entering fourth year Approval for resettlement site and new cemetery develop
Slide 19: Community - Kiaka
COMMUNITY B U I L D I N G L A S T I N G VA L U E KIAKA Building 1 school and refurbishing another Kiaka University Scholarship Program will commence For personal use only US$25.3 million resettlement program progressing: Livelihood Restoration Program commenced in 2025 based on 2 resettlem
Slide 20: Environmental Stewardship
ENVIRONMENTAL STEWARDSHIP STRENGTHENING SUSTAINABLE PRACTICES FOR ENDURING ECOSYSTEMS Release of TSF Management Policy in 2024 For personal use only Development of a Biodiversity Strategy and Species Action Plans Preparation for disclosure to AASB S2 More than 80,000 trees raised by site nur
Slide 21: Flight to 500 - Team, Gold Exposure, ESG, Growth
WEST AFRICAN RESOURCES LTD F L I G H T TO 5 0 0 • Quality team aligned with shareholders TEAM For personal use only • 4 years of meeting or beating production guidance GOLD • 6.5 Moz unhedged gold reserves EXPOSURE • 12.2 Moz unhedged gold resources • Building community acceptance by creating jobs,
Slide 22: West Africa's Growing Mid-Tier Gold Producer
For personal use only WEST AFRICAN RESOURCES LTD WEST A F R I C A’S G R O W IN G M I D - TIER G O LD PR O D U C ER w w w. w e s t a f r i c a n r e s o u r c e s . c o m A S X : WA F
Slide 23: Mineral Resources
MINERAL RESOURCES For personal use only Measured Resource Indicated Resource Inferred Resource Total Resource Cutoff Contained Contained Contained Containe Tonnes Grade Tonnes Grade Tonnes Grade Tonnes Grade Au Au Au d Au g/t (000) t g/t (000) oz (000) t g/t (000) oz (000) t g/t (000) oz (000) t g/t
Slide 24: Ore Reserves
ORE RESERVES For personal use only Proved Probable Proved + Probable Tonnes Grade Contained Au Tonnes Grade Contained Au Tonnes Grade Contained Au (000) t g/t (000) oz (000) t g/t (000) oz (000) t g/t (000) oz M1 South UG 1,800 7.0 400 3,200 6.1 630 5,000 6.4 1,030 M5 South UG 1,510 2.9 140 1,510 2.