Wia Gold Limited (ASX: WIA) (Wia or the Company) is pleased to advise that is has received binding commitments to raise A$30 million at $0.30 per share to existing, sophisticated and institutional investors (Placement).
Commenting on the Placement, Wia Executive Chairman, Josef El-Raghy, said: 'Wia has made significant progress at Kokoseb over the past twelve months, most recently with the Mineral Resource Estimate upgrade to 2.93Moz of gold for 89Mt at 1.0g/t. 1 The strong support for the Placement received from both domestic and offshore institutional investors allows the Company to continue with its strategy to expand the Kokoseb deposit via an accelerated exploration program. The Scoping Study remains on track for completion in the current quarter with many of the elements of a subsequent Definitive Feasibility Study already underway
Placement
The Placement comprises the issue of 100 million new fully paid ordinary shares in the Company (New Shares) at an offer price of $0.30 per New Share (Offer Price). The Offer Price represents a: 4.8% discount to the last traded price on 15 August 2025 of $0.315 and 2.1% discount to the 10-day volume weighted average price up to and including 15 August 2025 of $0.306. The New Shares will be issued pursuant to the Company's placement capacity under ASX Listing Rule 7.1 and rank pari passu with fully paid ordinary shares in the Company.
Use of Funds
The proceeds of the Placement will be primarily used for resource development and exploration activities, ongoing project studies, test work and development and permitting, social and environmental activities at Kokoseb. Additional exploration and project generation capital has been allocated to Wia's wider exploration portfolio and for ongoing working capital, corporate costs and costs of the Placement. Post completion of the Placement, the Company will have a cash balance of approximately $55m.
This announcement has been authorised for release by the board of directors of Wia Gold Limited.
Josef El-Raghy
Executive Chairman
Tel: +61 8 6288 4252
Burson Buchanan
Tel: +44 20 7466 5000
Email: wia@buchanancomms.co.uk
About Wia's Cote d'Ivoire Projects
The Company currently holds three granted permits in the Country - Mankono Ouest, Issia and Dialakor and seven permits under application. The total land package (including the permit applications) represents over 4,000 km2 .
Competent Persons Statement
In relation to the information in this announcement on the Kokoseb MRE, other than subsequently released drilling results, WIA confirms that it is not aware of any new information or data that materially affects the information included in that announcement dated 16 July 2025. All material assumptions and technical parameters underpinning the estimates in that ASX release continue to apply and have not materially changed.
Not an offer of securities
This announcement has been prepared for publication in Australia and may not be released to US wire services or distributed in the United States. This announcement does not constitute an offer to sell, or a solicitation of an offer to buy, securities in the United States or any other jurisdiction. Any securities described in this announcement have not been, and will not be, registered under the US Securities Act of 1933 and may not be offered or sold in the United States except in transactions exempt from, or not subject to, the registration requirements of the US Securities Act and applicable US state securities laws.
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