Wia Gold Limited · ASX:WIA
Wia Gold — Investor Presentation (February 2026)
32 slides from Wia Gold's investor presentation, Feb 2, 2026
Slide 1: Developing Kokoseb into a leading Namibian gold mine
For personal use only Developing Kokoseb into a leading Namibian gold mine August 2024 Site Visit 5-7 February 2026 ASX: WIA
Slide 2: Disclaimer
Disclaimer G e n e r a l I n f o r m a ti o n a n d D i s c l a i m e r Gold’s properties; uncertainties related to the possible The forward-looking statements/projections are inherently recalculation of, or reduction in Wia Gold’s minerals resources; uncertain and may therefore differ materially fr
Slide 3: Investment Highlights
For personal use only INVESTMENT HIGHLIGHTS ASX: WIA Fast growing Established, well Scoping Study Accelerated DD/RC Straightforward Experienced Kokoseb gold recognised m ining completed and dril l ing to drive metallurgy and Management and project jurisdiction D F S in H2 ‘26 resource growth process
Slide 4: Corporate Snapshot
Corporate Snapshot Total shares on issue (M) 2 1,475.5 Shareholder Register Split High Net Worth 30% Board & Management 9% Options and performance rights (M)3 60 For personal use only Share price (A$/share)1 0.43 Market cap (A$M, undiluted) 643.5 Capital DI 18% Cash – pro-forma (A$M)4 46 Debt (A$M)4
Slide 5: Track Record of Wia Team with Africa Gold Mines
Track Record of Wia Team with Africa Gold Mines Exploration, Financing, Development and into Production For personal use only Project Sukari Lefa Siguiri Bankan Doropo Nyanzaga Owner Year Executed 2009 1995 1998 2025 2023 2022 Location Egypt Guinea Guinea Guinea Côte d’Ivoire Tanzania Capex $500M $1
Slide 6: Namibia - Kokoseb Gold Project
For personal use only Namibia KOKOSEB GOLD PROJECT DRIVING DEVELOPMENT OF KOKOSEB GOLD DEPOSIT 6
Slide 7: Namibia: A Premier Mining Destination
Namibia A P r e m i e r Mining Destination P O L I T I C A L L Y S T A B L E &M I N E R F R I E N D L Y L O N G E S TA B L I S H E D M I N I N G I N D US TR Y For personal use only • Stable democracy, independent judiciary, diverse economy • Major revenue earner and employer in Namibia (14% of GDP,
Slide 8: Exploration Licences
Exploration Licences Growing licence holder in proven gold jurisdiction • Exploration licences For personal use only covering c.3,000km² • L i e s w i t h i n the Pan- African Damara Orogenic B e l t which i s largely underexplored for gold mineralisation • Sediment-hosted style gold deposits, struc
Slide 9: Kokoseb – a transformational gold discovery
Kokoseb – a transformational gold discovery Discovered in Q3 2021, fast growth to 2.93Moz MRE as at July 2025 Mineral Resource 2.93 Moz at 1.0 g/t Au For personal use only Estimate1 at 0.5 g/t cut-off1 Kokoseb July 2025 MRE vs previous MREs2 1. Refer to ASX announcement 16 July 2025 2. Refer to ASX
Slide 10: Kokoseb Scoping Study Highlights
Kokoseb Scoping Study Highlights1 Initial 11+ year ~146koz pa, simple open pit operation confirms outstanding economics with significant upside. Post-tax NPV(5) of US$1,269M @ US$3,450/oz gold price For personal use only Strong Simple Low-cost Robust NPV(5%) Rapid Growth production mining & High mar
Slide 11: Simple open pit mining, load and haul operation
Simple open pit mining, load and haul operation Conventional open pit load and haul • Conventional open pit, drill & blast, load & haul operation For personal use only • Pit design split into 10 stages with immediate focus on higher value areas • Schedule based on maximum mining rate of 45Mtpa using
Slide 12: Conventional CIL Processing Plant
Conventional CIL Processing Plant Simple metallurgy and processing achieving +90% recovery o 5.25mtpa conventional For personal use only CIL plant o Primary crushing with a gyratory crusher; coarse ore stockpile o SABC grinding circuit o Gold recovery via gravity / intensive leach and CIL o Process
Slide 13: Production profile
Production profile Average ~146koz per annum over 11.3 years life of mine (open pit only), with initial 5 years at average ~177koz per annum 250 2.00 For personal use only 1.80 200 1.60 1.40 Gold produced (koz) Gold grade (g/t Au) 150 1.20 1.00 100 0.80 0.60 50 0.40 0.20 - - 1 2 3 4 5 6 7 8 9 10 11
Slide 14: Scoping Study Financial Metrics
Scoping Study Financial Metrics1 Simple, long-life gold development project, with rapid payback, compelling economics and strong leverage to the current gold price Scoping Study Summary Metrics Post-tax NPV 5% Sensitivities (US$m) at Au @ US$2,600/oz use only Mine Life years 11.4 Commodity Price Pro
Slide 15: RC Infill drilling
RC Infill drilling Positive results to be included in future resource update to grow Mineral Resource Indicated Category Infill RC Drilling Shallow RC infill drilling for resource category conversion completed at the For personal use only Northern and Gap Zones. Results will be included in a future
Slide 16: Significant Upside Potential for Underground Mining
Significant Upside Potential for Underground Mining Deeper higher-grade resources targeted with current in-fill drilling campaign For personal use only 5 DD rigs currently targeting high-grade plunging shoots below the scoping study pit shell (underground resource MRE due in 2H 2026) The Central Zon
Slide 17: Environmental, Social & Approvals
Environmental, Social & Approvals Key milestones hit and ESIA close to completion • Mining Licence application submitted to the MIME in October 2025 For personal use only • Environmental and Social Impact Assessment (ESIA) nearing completion and draft to be circulated for final round of public comme
Slide 18: Timeline for Kokoseb Development
Timeline for Kokoseb Development Progress to date 2021 2022 2023 2024 2025 2026 For personal use only Activity H1 H2 H1 H2 H1 H2 H1 H2 H1 H2 H1 H2 Discovery of Kokoseb MRE 1 (1.3m oz) MRE 2 (2.12m oz) RC/DD Drilling MRE 3 (2.93m oz) Scoping Study and ESIA. ML submitted Mining License process and awa
Slide 19: Summary
For personal use only Summary 19 DRIVING DEVELOPMENT OF KOKOSEB GOLD DEPOSIT 19
Slide 20: 2026 Catalysts
2026 Catalysts 1H 2026: For personal use only • Ongoing drilling updates (5 Diamond Drill and 1 Reverse Circulation rigs currently drilling) • Submission of ESIA • Key personnel appointments 2H 2026 – DFS, Underground MRE, Mining License: • Release of Definitive Feasibility Study (DFS) • Maiden Unde
Slide 21: Value Accretion
Value Accretion We are only just getting started Management Team: Strong track record of value creation in African gold For personal use only Local team: Accelerated growth: Rapidly expanding technical team in Namibia 6 rigs in 2026 Kokoseb: 2.93Moz and expanding Strong cash position: Namibia: DFS a
Slide 22: Investment Highlights
For personal use only INVESTMENT HIGHLIGHTS ASX: WIA Fast growing Established, well Kokoseb Scoping Accelerated DD/RC Straightforward Experienced Kokoseb gold recognised m ining Study completed dril l ing to drive metallurgy and Management and project jurisdiction and D F S in H2 ‘26 resource growth
Slide 23: Appendices
For personal use only Appendices DRIVING DEVELOPMENT OF KOKOSEB GOLD DEPOSIT 23
Slide 24: Board and key management
Board and key management Experienced leadership team with a proven track record of discovery & development Josef El-Raghy Andrew Pardey Mark Arnesen Non-Executive Chairman Non-Executive Director Non-Executive Director For personal use only Previously Chairman and CEO of Centamin Plc, a gold Currentl
Slide 25: Experience in Africa
Experience in Africa Exploration Financing Resource Development Construction Tasiast, Studies/Permitting Operations Board & Management has Mauritania extensive experience in African projects For personal use only Lefa (Gold), Guinea Sukari, Egypt Sadiola (Gold), Mali Doropo, Côte d'Ivoire Nyanzaga (
Slide 26: Namibia in Detail
Namibia in Detail Mining Code, Royalties & Tax Regime Economic Context • Corporate tax: Gold taxed under non-diamond mining • GDP per capita: ~US$4.8k (2025) → ~US$5.2k (2026) = ~8% For personal use only rate at ~37.5% (higher than non-mining corporates, lower growth than diamonds). • Exchange Rate
Slide 27: Kokoseb MRE – July 2025
Kokoseb MRE – July20251 Indicated Inferred TOTAL Cut-off Tonnes Au Au Tonnes Au Au Tonnes Au Au Au g/t For personal use only (Mt) g/t Moz (Mt) g/t Moz (Mt) g/t Moz 0.18 110 0.67 2.37 78 0.62 1.6 188 0.65 3.92 0.30 82.6 0.82 2.18 58 0.75 1.4 141 0.79 3.58 0.50 54.2 1.04 1.81 35 0.99 1.1 89 1.0 2.93 0
Slide 28: Infrastructure, Power, Roads
Infrastructure, Power, Roads Strong foundational Strength: Power & Access Power • Power requirement for the Project is an average continual operational demand of approximately 31 MW For personal use only • Power supply from the Namibian grid is cost effective compared to all other options, with an a
Slide 29: Tailings & Water
Tailings & Water Water supply sources and filtered tailings solution identified PROJECT WATER SUPPLY FILTERED STACK TSF • Demand: ~1.1 million m³/year. • Strategic Selection: For personal use only • Primary Sources • Location, materials, and configuration chosen via Multi- • Okombahe WSS: 30 k m SE,
Slide 30: Pathway to Kokoseb production
Pathway to Kokoseb production Implementation and execution For personal use only DRIVING DEVELOPMENT OF KOKOSEB GOLD DEPOSIT 30
Slide 31: Contributors to Kokoseb Scoping Study
Contributors to Kokoseb Scoping Study For personal use only DRIVING DEVELOPMENT OF KOKOSEB GOLD DEPOSIT 31
Slide 32: Contact details
For personal use only Contact details Level One 130 Hay Street, Subiaco WA 6008 Australia Tel: +61 8 6288 4252 E: info@wiagold.com.au Investor Relations/Media enquiries E: Wia@bursonbuchanan.com