Wia Gold Limited · ASX:WIA
Wia Gold — Shareholder Meeting (November 2025)
28 slides from Wia Gold's shareholder meeting presentation, Nov 20, 2025
Slide 1: Developing Kokoseb into a leading Namibian gold mine
Developing Kokoseb into a leading Namibian gold mine November 2025 ASX: W I A
Slide 2: Disclaimer
Disclaimer General Information a nd 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 Thi s presenta
Slide 3: Investment Highlights
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 process route Board I
Slide 4: Corporate Snapshot
Corporate Snapshot Total shares on issue 2 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
Slide 5: Track Record of Wia Team in Africa
Track Record of Wia Team in Africa Exploration, Financing, Development and into Production Project Sukari Lefa Siguiri Bankan Doropo Owner Year Executed 2009 1995 1998 2025 2023 Location Egypt Guinea Guinea Guinea Côte d’Ivoire Capex $500M $150M $78M $463M $373M Status In production In production In
Slide 6: Namibia
Namibia KOKOSEB GOLD PROJECT DRIVING D E V E L OP M E NT O F K O K O S E B G O L D DE P OSIT 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 LONG E S T A B L I S H E D MINING I N D U S T R Y • Major revenue earner and employer i n Namibia (14% of GDP, 4 0 % • Stable democracy, independent judiciary, diverse economy of foreign earnings
Slide 8: Wia Gold – Namibia licences
Wia Gold – Namibia licences Fast growth licence holder in proven gold jurisdiction • Exploration licences 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, structural l y c
Slide 9: Kokoseb – a transformational gold discovery
Kokoseb – a transformational gold discovery Discovered in Q3 2021, fast growing to 2.93Moz MRE as at July 2025 Mineral Resource Estimate1 2.93 Moz at 1.0 g/t Au 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 announcements dated 1
Slide 10: Kokoseb Scoping Study Highlights
Kokoseb Scoping Study Highlights Initial 11+ year ~146koz pa, simple open pit operation confirms outstanding economics with significant upside. Post-tax NPV(5) of US$1,269M @ US$3,450/oz gold price Strong Simple Low-cost Robust NPV(5%) Rapid Growth production mining & High margin and I RR Payback Po
Slide 11: Simple open pit mining, load and haul operation
S i m p l e o p e n pit m i n i n g , l o a d a n d h a u l o p e r a t i o n Conventional open pit load and haul • Conventional open pit, drill & blast, load & haul operation • Low LOM strip ratio 6 : 1 (waste : ore) • Pi t design split into 10 stages with immediate focus on higher value areas • Sc
Slide 12: Conventional CIL Processing Plant
Conventional CIL Processing Plant Simple metallurgy and processing achieving +90% recovery o 5.25mtpa throughput and conventional CIL plant with 90%+ recovery based on a grind size of P80 63µm o Single stage primary crushing with a gyratory crusher o Coarse ore stockpile o SAG-ball mill-crush circui
Slide 13: Production profile
P r o d u c t i o n profile Average ~146koz per annum over 11.3 years life of mine (open pit), with initial 5 years at average ~177koz per annum 250 2.00 1.80 200 1.60 1.40 Gold produced (koz) Gold grade (g/t Au) 150 1.20 1.00 100 0.80 0.60 50 0.40 0.20 - - 1 2 3 4 5 6 7 8 9 10 11 12 Year Gold recov
Slide 14: Scoping Study Financial Metrics
S c o p i n g S t u d y F i n a n c i a l Metrics Simple, long-life gold development project, with rapid payback, compelling economics and strong leverage to the current gold price Scoping Study Summary Metrics Post-tax NPV 5% Sensitivities (US$m) at Au @ US$2,600/oz Mine Life years 11.4 Commodity P
Slide 15: Significant Upside Potential for Underground Mining
S i g n i f i c a n t U p s i d e P o t e n t i a l for U n d e r g r o u n d M i n i n g Deeper higher-grade resources targeted with current in-fill drilling campaign 5 DD rigs currently targeting high-grade plunging shoots below the scoping study pit shell (underground resource MRE due in mid 2026
Slide 16: 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 Northern and Gap Zones. Results will be included in a future resource update to gro
Slide 17: Environmental, Social & Approvals
Environmental, Social & Approvals Key milestones hit and ESIA close to completion • Mining Licence application submitted to the Ministry of Mines and Energy (MIME) in October 2025 • Environmental and Social Impact Assessment (ESIA) nearing completion and draft to be circulated for final round of pub
Slide 18: Timeline for Kokoseb Development
T i m e l i n e for K o k o s e b D e v e l o p m e n t 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. ML submitted Exploitation Permit process a
Slide 19: Summary
Summary DRIVING D E V E L OP M E NT O F K O K O S E B G O L D DE P OSIT 19
Slide 20: 2025/2026 Catalysts
2025/2026 Catalysts 2025 & 1H 2026: • Ongoing drilling updates (5 Diamond Drill and 1 RC rigs currently drilling) • Release of Environmental and Social Impact Assessment (ESIA) • Key personnel appointments 2H 2026 – DFS, Underground MRE, Exploitation Permit: • Release of Definitive Feasibility Study
Slide 21: Value Accretion
Value Accretion We are only just getting started Management Team: Strong track record of value creation in African gold L o c a l team: A c c e l e r a t e d gro wth: Rapidly expanding 6 rigs in 2025, up from 2 in technical team in Namibia 2024 Kokoseb: 2.93Moz and expanding F ul l y f i n a n c e d
Slide 22: Investment Highlights
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 process route Board I
Slide 23: Appendices
APPENDICES DRIVING DEVELOPMENT OF KOKOSEB GOLD DEPOSIT 23
Slide 24: Experience in Africa
Exploration Financing Experience in Africa Resource Development Construction Tasiast, Studies/Permitting Board & Management has Operations Mauritania extensive experience in African projects Su ka r i , E g y p t L e f a (Gold), G u i n e a Siguiri, G u i n e a D o r o p o , C ô t e d'Ivoire Bankan,
Slide 25: Kokoseb MRE – July 2025
K o k o s e b M R E – J u l y 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
Slide 26: Infrastructure, Power, Roads
I nfr a st ruc tur e , P o w e r , R o a d s 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 averag
Slide 27: Tailings & Water
Tailings & Water Dry tailings solution and water supply sources identified F I L T E R E D STACK T F S PROJECT WA TE R S UP P L Y • Strategic Selection: • Demand: ~1.1 million m³/year. • Location, materials, and configuration chosen via Multi- • Primary Sources Criteria Analysis. • Okombahe WSS: 30
Slide 28: Contact details
C o nta c t 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