Wia Gold Limited · ASX:WIA
Wia Gold — Investor Presentation (September 2024)
38 slides from Wia Gold's investor presentation, Sep 5, 2024
Slide 1: Developing Namibia's nascent gold industry
For personal use only Developing Namibia’s nascent gold industry August 20242024 September ASX: WIA
Slide 2: Disclaimer
Disclaimer General Information and Disclaimer in the forward- looking statements, including, without costs and timing for WiaGold’s activities and such other limitation: inherent uncertainties and risks associated with assumptions as set out herein. This presentation has been prepared for the purpos
Slide 3: Corporate snapshot
Corporate snapshot ASX: WIA Capital Structure Register Composition For personal use only Share price (A$/share)1 0.11 Total shares on issue – pro-forma (M)2 1,145 Options and performance rights – pro-forma (M)3 98 Market cap (A$M, undiluted) 114 Cash – pro-forma (A$M)4 15.1 Debt (A$M)4 Nil 1. At 4 S
Slide 4: Company Overview
Company Overview Targeted strategy in Africa • Around 3,000km² of • 2.12m oz gold For personal use only licences in Namibia discovery at Kokoseb • Proven but Namibia underexplored gold • Below US$3/oz region discovery cost • Objective to be a • High impact Côte multi-mine operator d’Ivoire asset por
Slide 5: Board and key management
Board and key management Experienced leadership team with a proven track record of discovery Josef El-Raghy Andrew Pardey Mark Arnesen Executive Chair Non-Executive Director Non-Executive Director For personal use only Previously Chairman and CEO of Centamin Plc, a Currently Managing Director at Pre
Slide 6: Management track record in African gold mining
Management track record in African gold mining Tier 1 gold mine experience in Africa Lefa, Guinea Built in 2008 by Crew Gold Production of C. 200- Siguiri, Guinea 250koz/pa Development and production Built in 2005 by AngloGold Ashanti For personal use only Production of 200-250koz/pa Sukari, Egypt D
Slide 7: Kokoseb & Namibia
For personal use only Kokoseb & Namibia 7
Slide 8: Namibia: A Premier Mining Destination
Namibia A Premier Mining Destination POLITICALLY STABLE & MINER FRIENDLY LONG ESTABLISHED MINING INDUSTRY • For personal use only • Stable democracy, independent judiciary, diverse • Major revenue earner & employer in Namibia (8% of GDP, economy 40% of foreign earnings) • Political and social suppor
Slide 9: Wia Gold – Namibia licences
Wia Gold – Namibia licences Fast growth license holder in proven gold jurisdiction For personal use only Exploration licenses covering about 3,000km², including 500km² under application Lies within the Pan-African Damara Orogenic Belt which is largely underexplored for gold mineralisation Gold depos
Slide 10: Rapidly developing gold company in Namibia
Rapidly developing gold company in Namibia For personal use only Q3 2021: Q2 2022: May 2023: April 2024: Q2 2025: June 2019: Entered a Significant Maiden DD Maiden MRE inferred Updated JV with Epangelo to soil anomaly drilling inferred resource MRE acquire Okombahe discovered at campaign of resource
Slide 11: Transformational Kokoseb gold discovery
Transformational Kokoseb gold discovery Updated MRE represents 63% increase from Maiden MRE in only 11 months Inferred Mineral 2.12 Moz at 1.0 g/t Au For personal use only Resource Estimate at 0.5 g/t cut-off1 • Simple Open pit: • Outcropping mineralisation, with max. of 2m cover • Average weatherin
Slide 12: A Discovery from Basic Surface Exploration
A Discovery from Basic Surface Exploration For personal use only 1. Refer to Appendix A and E, and ASX announcement 16 April 2024. WIA confirms that it is not aware of any new information or data that materially affects the information included in those releases. All material assumptions and technic
Slide 13: Readily open-pittable gold mineralisation
Readily open-pittable gold mineralisation Plus 90% gold recoveries under conventional process coupled with solid MIK MRE • MRE covers cumulative 4.8km strike For personal use only and maximum depth of approx. 370m • Outcropping mineralisation, with max. of 2m cover • Average weathering depth of ~30m
Slide 14: Continuous pit shell along 4.8km strike
Continuous pit shell along 4.8km strike 1.6km For personal use only Western Zone NW Central Zone Gap Zone Zone Kokoseb block-model within the US$1,800/oz pit shell, Northern Zone looking down towards the NW Southern Zone Blocks at above 0.3 g/t Au cut-off grade Blocks at above 0.5 g/t Au cut-off gra
Slide 15: Kokoseb – target MRE uplift
Kokoseb – target MRE uplift Multi rig scenario rapidly proving extent of scale at Kokoseb - open along strike and at depth For personal use only 1. Refer to ASX announcements 29 May 2023 and 10 July 2023.. A TRANSFORMATIONAL GOLD DISCOVERY 15
Slide 16: Kokoseb – target MRE uplift
Kokoseb – target MRE uplift Rapidly proving extent of scale at Kokoseb – upside shallow along strike & high grade deeper in the ore body • Mineralisation extended at the Central Zone • High-grade shoots continue with significant intercepts: • 22.2m at 2.54 g/t Au in KDD029 For personal use only • In
Slide 17: Côte d'Ivoire
For personal use only Côte d’Ivoire A TRANSFORMATIONAL GOLD DISCOVERY 17
Slide 18: Côte d'Ivoire project portfolio
Côte d’Ivoire project portfolio Strategically located blocks A. Mankono Project For personal use only Mankono Quest permit granted, five additional permits under application. Two extensive gold anomalies defined1 B. Bouaflé Project A Mankono Project Bouaflé Sud and Bouaflé Nord permits granted, plus
Slide 19: Finding the next Kokoseb – Côte d'Ivoire
Finding the next Kokoseb – Côte d’Ivoire Multiple gold mineralised trends identified at Issia and Bouaflé 10,000m follow-up RC drilling post air core drilling intercepts at For personal use only the Bouaflé Project included: • 12m at 1.21 g/t Au1 • 7m at 1.16 g/t Au1 • 9m at 2.63 g/t Au1 • 20m at 1.
Slide 20: Strategy
For personal use only STRATEGY 20
Slide 21: Harness value from current asset portfolio
Harness value from current asset portfolio Expand and improve existing resource base in Namibia Namibia • Objective of making multi-discoveries and For personal use only being a multi-goldmine operator in Namibia • Continue to expand and improve the 2.12m oz Kokoseb discovery • Continue strategy of
Slide 22: Investment Highlights
INVESTMENT HIGHLIGHTS For personal use only WIA: ASX Transformational Growth drilling to Straightforward Established, well Strategic Kokoseb gold drive substantial metallurgy and recognised mining exploration discovery targeted MRE uplift process route jurisdiction project pipeline Updated MRE 2.12
Slide 23: Contact details
For personal use only Contact details Level One 130 Hay Street, Subiaco WA 6009 Australia E: info@wiagold.com.au E: WIA@buchanancomms.co.uk Investor Relations/Media enquiries
Slide 24: Appendix
For personal use only Appendix A TRANSFORMATIONAL GOLD DISCOVERY 24
Slide 25: Strategic exploration pipeline
Appendix A Strategic exploration pipeline A portfolio of high-quality projects at various stages on the advancement horizon For personal use only Ore Reserves drilling Close-spaced infill drilling and detailed study work Indicated resources drilling RC and/or diamond drilling on infill grids; start
Slide 26: Kokoseb MRE April 2024
Appendix B Kokoseb MRE April 2024 For personal use only Cut off Tonnes Au Au (Au g/t) (Mt) (g/t) (Moz) 0.20 130 0.69 2.88 0.25 115 0.75 2.77 0.30 100 0.80 2.57 0.40 83 0.91 2.43 0.50 66 1.0 2.12 0.60 53 1.2 2.04 0.80 34 1.4 1.53 1.00 23 1.7 1.26 1. Refer to ASX announcement 16 April 2024. WIA confir
Slide 27: A very large mineralised system
Appendix C A very large mineralised system Kokoseb footprint comparable to major Namibian operating gold mines and projects 1 2 1 Kokoseb/Wia Gold: For personal use only 2.12 Moz at 1.0 g/t Au (at 0.5 g/t cut-off)1 Wia Gold 2 Otjikoto/B2Gold: 1.4 Moz at 1.5 g/t Au (at 0.4 g/t cut-off, within a US$1,
Slide 28: Namibian Assets Joint Venture Terms
Appendix D Namibian Assets Joint Venture Terms For personal use only Epangelo Mining Company (includes the Joint Venture Parties Kokoseb Gold Discovery) and Kongom Group1 Stage 1 and Stage 2 WIA earns 80% interest in Epangelo (complete) Licences Minorities free carried to DFS (Epangelo) Stage 3 or D
Slide 29: Significant high-grade results at Central Zone
Appendix E Significant high-grade results at Central Zone Optimised pit shell constrained by drilling at depth For personal use only • Intercepts including samples at over 10 g/t Au have extended the resource model at depth from maiden MRE • High-grade area around KRC086 still open with results pend
Slide 30: Drill results at the Gap Zone
Appendix F Drill results at the Gap Zone For personal use only • Latest drill results (included in the MRE) returned RC drill sample splits above 10 g/t Au within the following significant intercepts1: • 14m at 2.72 g/t Au • 10m at 2.71 g/t Au • Several strongly mineralised shoots are highlighted, c
Slide 31: Southern and Western Zones long sections
Appendix G Southern and Western Zones long sections For personal use only • Coherent mineralised shoots repeating along strike, e.g. Southern1 and Western Zones2 • Mineralisation wide open along strike and at depth 1. Results from the Southern Zone, refer to ASX announcements dated 17 August 2022, 1
Slide 32: Straightforward metallurgy and process
Appendix H Straightforward metallurgy and process Pegmatites, mineralised on contacts and For personal use only sediments enclaves • Metallurgical test work completed on two samples composited from RC bulk samples in fresh sulphide material1 Sediments, strong silica- chlorite-sulphides alteration, h
Slide 33: Côte d'Ivoire Joint Venture Terms
Appendix I Côte d’Ivoire Joint Venture Terms Predictive Discovery (ASX:PDI) and West Joint Venture Parties African Venture Investments (WAVI) For personal use only A$150k upon granting of exploration Stage payments licences Earn 80% Joint Venture interest by Stage 1 meeting minimum expenditure commi
Slide 34: Mankono Project, Côte d'Ivoire
Appendix J Mankono Project, Côte d’Ivoire For personal use only • Mankono Quest permit granted, five additional permits under application • Area encompasses several major regional shears of the Banfora-Dalona greenstone belt over >75km of strike • Along strike of the Abuhar gold Project and (Tietto
Slide 35: Bouaflé Project, Côte d'Ivoire
Appendix K Bouaflé Project, Côte d’Ivoire • Bouaflé Sud and Bouaflé Nord permits granted, with For personal use only one additional under application • Bouaflé Sud is located 35km from the Yaouré gold mine (1.6Moz at 1.8 g/t gold1, Perseus) • Significant +17km mineralised shear zone in Bouaflé Sud1,
Slide 36: Bocanda Project, Côte d'Ivoire
Appendix L Bocanda Project, Côte d’Ivoire For personal use only • Bocanda Nord, Bocanda permit granted • Bocanda Permits located on the Ouango-Fitini shear system, which is the southern extension of the Houndé greenstone belt in Burkina Faso • Initial stream sediment sampling across the Bocanda gran
Slide 37: Issia Project, Côte d'Ivoire
Appendix M Issia Project, Côte d’Ivoire • Issia permit granted, with one additional permit under For personal use only application • Several zones of artisanal gold mining identified along strike and spodumene rich pegmatites mapped • Regional stream sediment sampling survey complete A Mankono Proje
Slide 38: For personal use only
For personal use only