ASX:WIA

3 stories mentioning ASX:WIAUpdated 4d ago

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WIA Gold Finds New High-Grade Mineralized Horizon at Namibia Project; Shares Up 10%

WIA Gold (ASX:WIA) identified a new high-grade mineralized horizon beneath the Central Zone during drilling at its Kokoseb project in Namibia, according to a Monday filing with the Australian bourse.Drilling intersected nine meters at nearly 11 grams per tonne grade of gold from 811 meters, including four meters at almost 23 g/t grade of gold, and extended high-grade mineralization beyond the current open pit mineral resource estimate, the filing said.The definitive feasibility study for the project is on track for completion in the third quarter of the year, per the filing.Shares rose 10% in morning trade on Monday.

ASX:WIA

Asia30d ago

WIA Gold to Raise AU$92 Million Via Institutional Placement

WIA Gold (ASX:WIA) said it has received binding commitments to raise AU$92 million through the issue of 200 million new fully paid ordinary shares at AU$0.46 per share from new and existing institutional and sophisticated investors, according to a Wednesday Australian bourse filing.The offer price represents an 8% discount to the last traded price of AU$0.50 on May 15 and a 5.9% discount to the 10-day volume weighted average price of AU$0.489, the filing added.Proceeds will be applied primarily toward advancing the Kokoseb Gold Project, including execution readiness and early works programs and pre-production capital expenditure, with settlement expected on May 26 and allotment and quotation of new shares on May 27, it added.

ASX:WIA

Asia60d ago

WIA Gold Progresses Namibia Project Definitive Feasibility Study in March Quarter

WIA Gold (ASX:WIA) made progress with its definitive feasibility study for the Kokoseb project in Namibia during the period ended March 31, according to a Monday filing with the Australian bourse.Geotechnical testing has validated the open pit design parameters of the scoping study, and a hydrogeological assessment with a probabilistic groundwater model is being developed, the filing said.Metallurgical test work has also been completed, while detailed layouts for the process plant are underway.The study is set for completion in the second half of the year, per the filing.WIA Gold's shares fell 1% in midday trade Monday.

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