Slide 1: Kokoseb Gold Project - Scoping Study Results
Kokoseb Gold Project - Scoping Study Results August 2024 2025 30 September ASX: WIA
Slide 2: Disclaimer
Disclaimer General Information and Disclaimer 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 from results This presentati
Slide 3: Cautionary Statement
Cautionary Statement • The Scoping Study referred to in this presentation has been undertaken for the purpose of ascertaining whether a business case can be made to proceed to feasibility studies on the technical and financial viability of a mining and processing operation at the Project and provide
Slide 4: Investment Highlights
INVESTMENT HIGHLIGHTS ASX: WIA Fast growing Established, well Kokoseb Scoping Accelerated DD/RC Straightforward Experienced Kokoseb gold recognised mining Study completed drilling to drive metallurgy and Management and project jurisdiction and DFS in H2 ‘26 resource growth process route Board Stable
Slide 5: Corporate Snapshot
Corporate Snapshot Total shares on issue2 1,475 Shareholder Register Split High Net Worth 30% Board & Management 9% Options and performance rights (M)3 60 Share price (A$/share)1 0.36 Market cap (A$M, undiluted) 531 Capital DI 18% Cash – pro-forma (A$M)4 52 Debt (A$M)4 Nil Retail 16% Institutional 2
Slide 6: Namibia: A Premier Mining Destination
Namibia A Premier Mining Destination POLITICALLY S T A B L E & MINER FRIENDLY LONG E S T A B L I S H E D MINING INDUSTRY • Major revenue earner and employer in Namibia (14% of GDP, 4 0 % • Stable democracy, independent judiciary, diverse economy of foreign earnings in 2024) • Political and social su
Slide 7: Kokoseb Gold Project Scoping Study
KOKOSEB GOLD PROJECT SCOPING STUDY DRIVING DEVELOPMENT OF KOKOSEB GOLD DEPOSIT 7
Slide 8: Wia Gold – Namibia licences
W ia Gold – Namibia licences Fast growth licence holder in proven gold jurisdiction • Exploration licences covering c.3,000km² • Lies within the Pan- African Damara Orogenic Belt which i s largely underexplored for gold mineralisation • Sediment-hosted style gold deposits, structurally controlled •
Slide 9: Kokoseb Scoping Study Highlights
Kokoseb Scoping Study Highlights Initial 11+ year ~146koz pa, simple open pit operation confirms outstanding economics with significant upside Strong Simple Low-cost Robust NPV(5) Rapid Growth production mining & High margin and IRR Payback Potential profile Processing (Post-tax) Period (Post-tax) ~
Slide 10: Kokoseb MRE – July 2025
Kokoseb MRE – July 20251 Indicated Inferred TOTAL Cut-off Tonnes Au Au Tonnes Au Au Tonnes Au Au Au g/t (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 0.80 29.1 1.39 1.30 17
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 • Low LOM strip ratio 6 : 1 (waste : ore) • Pit design split into 10 stages with immediate focus on higher value areas • Scheduled based on maximum mining
Slide 12: Conventional CIL Processing Plant
Conventional CIL Processing Plant Simple metallurgy and processing achieving +90% recovery o 5.25mtpa throughput and conventional CIL plant with 90%+ recovery o Single stage primary crushing with a gyratory crusher o Coarse ore stockpile o SAG-ball mill-crush circuit o Gravity gold recovery using Kn
Slide 13: Tailings & Water
Tailings & Water Dry tailings solution and water supply sources identified FILTERED STACK TFS PROJECT WATER SUPPLY • Strategic Selection: • Demand: ~1.1 million m³/year. • Location, materials, and configuration chosen via Multi- • Primary Sources Criteria Analysis. • Okombahe WSS: 30 km SE, potentia
Slide 14: Production profile
Production profile Average ~146koz per annum over 11.3 years life of mine, with initial 5 years at average ~177koz per annum 250 2.00 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 12 Year Gold recovered Grade DRIVING D
Slide 15: Operating & Pre-Production Capital Costs
Operating & Pre-Production Capital Costs Low AISC and competitive capital costs drives rapid payback period Scoping Study Operating Cost Breakdown Scoping Study Pre-Production Capital Cost Breakdown LOM Cost Unit Cost Unit Cost Area US$m1 Area (US$m) (US$) (US$/oz) Direct Costs $2.82/t total Contrac
Slide 16: Scoping Study Financial Metrics
Scoping Study Financial Metrics Simple, long-life gold development project, with rapid payback, compelling economics and strong leverage to the current gold price Scoping Study Summary Metrics Post-tax NPV5% Sensitivities (US$m) at Au @ US$2,600/oz Mine Life years 11.4 Commodity Price Production Met
Slide 17: Significant Upside Potential for Underground Mining
Significant Upside Potential for Underground Mining Deeper higher-grade resources • Potential for deeper, higher-grade resources¹ which may be economically exploitable through underground mining. • Drilling on-going at Kokoseb with 5 Diamond Drilling rigs testing deeper areas of mineralisation. • 2
Slide 18: Environmental, Social & Approvals
Environmental, Social & Approvals Key milestones hit and ESIA close to completion • Mining Licence application to be submitted to be Ministry of Mines and Energy (MIME) in October 2025 • Environmental and Social Impact Assessment (ESIA) nearing completion and draft provided to stakeholders • Followi
Slide 19: Timeline for Kokoseb Development
Timeline for Kokoseb Development Progress to date 2021 2022 2023 2024 2025 2026 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 Exploitation Permit process and award DFS Underground MRE Financin
Slide 20: Value Accretion
Value Accretion We are only just getting started Management Team: Strong track record of value creation in African gold Local team: Accelerated growth: Rapidly expanding 7 rigs in 2025, up from 2 in technical team in Namibia 2024 Kokoseb: 2.93Moz and expanding Fully financed to: Namibia: DFS due H2
Slide 21: Appendices
Appendices DRIVING DEVELOPMENT OF KOKOSEB GOLD DEPOSIT 21 21
Slide 22: 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 Executive Chairman Non-Executive Director Non-Executive Director Previously Chairman and CEO of Centamin Plc, a gold Currently Managing Director at Pre
Slide 23: Experience in Africa
Experience in Africa Exploration Financing Resource Development Construction Tasiast, Studies/Permitting Board & Management has Operations Mauritania extensive experience in African projects Sukari, Egypt Lefa (Gold), Guinea Siguiri, Guinea Doropo, Côte d'Ivoire Bankan, Guinea Kokoseb (Gold), Zambia
Slide 24: Contributors to Kokoseb Scoping Study
Contributors to Kokoseb Scoping Study DRIVING DEVELOPMENT OF KOKOSEB GOLD DEPOSIT 24
Slide 25: Pathway to Kokoseb production
Pathway to Kokoseb production Implementation and execution DRIVING DEVELOPMENT OF KOKOSEB GOLD DEPOSIT 25
Slide 26: 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 • Power supply from the Namibian grid is cost effective compared to all other options, with an average power cost for
Slide 27: Key Project Outcomes
Key Project Outcomes Robust economics at US$2,600/oz Au base case Base Case Spot Price Units US$2,600/oz US$3,450/oz Production Mine Life years 11 years and 4 months Total Gold Production koz 1,653 Average Gold Production Years 1 to 5 koz/a 177 Life of Mine koz/a 146 Proportion Inferred (contained g
Slide 28: Contact details
C o n t a c t d eta ils 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@buchanancomms.co.uk