Sign up Australia
Proactive Investors - Run By Investors For Investors

West African Resources high-grade gold results augur well for funded feasibility study

Sanbrado Gold Project will benefit from $20 million in cash to progress M1 South.
Drill section from M1 South mine featuring visible gold at 700 g/t gold
The upcoming feasibility study at M1 South is a potential share price catalyst

West African Resources Ltd's (ASX:WAF) intercepts of two zones of high-grade mineralisation at its M1 South deposit, part of the Sanbrado Gold Project in Burkina Faso could have a positive impact on its updated feasibility study.

Two zones of high-grade mineralisation were intercepted, including 3.5 metres at 30.46 g/t gold from 469 metres and 10 metres at 54.2 g/t gold from 499 metres.

The results will contribute to an upgrade of the existing Inferred Resources in terms of both category and grade.

West African cashed up to complete full works program

West African's primary aim at M1 South is to upgrade inferred material to the indicated category.

The updated feasibility study incorporating open pit and underground mine schedules will be released in mid-2018, a possible share price catalyst.

All of the work that needs to be completed to progress to this stage can be funded from the company’s existing cash of circa $20 million.

View full WAF profile View Profile

West African Resources Ltd Timeline

Related Articles

picture of coal
October 23 2017
Anglo has royalty interests in two coal mines in Australia: Rio Tinto’s Kestrel and Whitehaven’s Narrabri
Tyranna Resources' Bruno Seneque discussed pending gold assays at Proactive's CEO Sessions
July 27 2017
Bruno Seneque talked gold discovery streak at Proactive's CEO Sessions.
1515749109_lithium-periodic-10.jpg
January 12 2018
Savannah Resources has a broad portfolio of assets, including some highly attractive lithium

No investment advice

The information on this Site is of a general nature only. It does not take your specific needs or circumstances into consideration, so you should look at your own financial position, objectives and requirements and seek financial advice before making any financial decisions. You acknowledge and understand that neither the Company, its related bodies corporate, the information providers or their affiliates will advise you personally about the nature, potential value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter. You should read our FSG and any other relevant disclosure documents and if necessary seek persona advice prior to making any investment decision.

You understand and agree that no Content (as defined below) published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person.

You understand that in certain circumstances the Company, its related bodies corporate, the information providers or their affiliates may have received, or be entitled to receive, financial or other consideration in connection with promoting, and providing information about, certain entities on the Site and in communications otherwise provided to you.

You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate. From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.

Before you act on any general advice we provide, please consider whether it is appropriate for your personal circumstances.

© Proactive Investors 2018

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use