Wia strikes high-grade gold at Kokoseb Project

Wia strikes high-grade gold at Kokoseb Project
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Wia Gold Limited has reported a series of strong drilling results from its flagship Kokoseb Gold Project in Namibia, reaffirming the project’s potential for both open pit expansion and underground development. The latest assays cover 118 reverse circulation (RC) holes, 27 diamond drill (DD) holes, and one diamond tail, totalling 26,845 metres of drilling.

These results highlight consistently high-grade gold mineralisation, particularly within the Central Zone, where ongoing work is focused on defining high-grade plunging shoots to support a future underground resource. With multiple rigs currently active and drilling progressing on schedule, Wia remains firmly on track to deliver a Definitive Feasibility Study (DFS) in H2 2026.

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Consistent high-grade intercepts from the central zone

The Central Zone continues to return standout results, confirming both the continuity and scale of mineralisation. Notable recent intercepts include:

  • 27.0m at 3.31 g/t Au from 474m, including 11.0m at 5.21 g/t Au in hole KDD097
  • 12.7m at 3.09 g/t Au from 448m, with 5.7m at 5.57 g/t Au in KDD095
  • 5.0m at 6.77 g/t Au and 10.8m at 3.05 g/t Au, including 6.0m at 5.08 g/t Au in KDD103
  • 6.0m at 3.73 g/t Au, including 3.0m at 6.65 g/t Au in KDD077

These results confirm the presence of high-grade, plunging shoots below the scoping study pit shell, reinforcing Kokoseb’s underground mining potential.

“The latest drilling results from Kokoseb demonstrate the potential to expand the existing open pit resource, as well as build confidence in the ability to define a future underground resource,” said Executive Chairman Josef El-Raghy. “With five diamond and one RC drilling rig currently in operation, we are on track to deliver our Definitive Feasibility Study in H2 2026.”

3D view of the Western and Central Zones of Kokoseb, showing pit shells and high-grade shoots.

High-grade extensions beyond existing resources

Exploration beyond the current Mineral Resource Estimate (MRE) has also yielded exceptional results. Drilling targeting a sub-parallel high-grade shoot near hole KRC3316 returned:

  • 10.9m at 12.26 g/t Au from 223.5m in KDD096
  • 8.2m at 5.09 g/t Au from 229.7m in KDD093
  • Additional supportive intercepts include 4.0m at 3.04 g/t Au, 11.0m at 1.34 g/t Au, and 9.4m at 1.86 g/t Au

These results indicate the potential for the discovery of additional concealed mineralised shoots, driven by an improved understanding of local structural controls.

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Deep drilling confirms mineralisation at depth

Wia’s deep resource extension programme has delivered promising results, confirming mineralisation remains open at depth. Highlights include:

  • 29.0m at 1.41 g/t Au and 15.0m at 1.87 g/t Au from 766m and 798 m, respectively, in KDD086
  • 22.5m at 1.23 g/t Au from 522m in KDD078
  • 22.9m at 1.25 g/t Au from 586m in KDD091
  • A standout unconstrained intercept of 47m at 1.49 g/t Au in KDD086 marks the deepest mineralisation to date

These results support ongoing underground resource planning and open further exploration targets at depth.

Drill hole collar locations for the results reported in this announcement.

Infill and grade control drilling supports resource upgrade

Wia also completed a programme of shallow RC infill drilling at the Northern and Gap Zones to convert resource categories ahead of a future resource update. Highlights include:

  • 8m at 7.66 g/t Au from 75m in KRC449
  • 22m at 1.15 g/t Au from 34m in KRC455
  • 20m at 1.32 g/t Au from 80m in KRC459
  • 16m at 2.14 g/t Au from 38m in KRC480

A successful trial grade control programme in the Central Zone further reinforced strong near-surface continuity of mineralisation, with intercepts such as:

  • 45m at 1.38 g/t Au from 6m in KRC519
  • 26m at 1.76 g/t Au from 24m in KRC517
  • 30m at 1.38 g/t Au from 24m in KRC551
  • 27m at 1.48 g/t Au from surface in KRC548

Resource growth and de-risking on track

With aggressive drilling underway and high-grade intercepts continuing to emerge, Wia Gold is well positioned to both grow and de-risk the Kokoseb Gold Project. The delineation of underground resources beneath the open pit remains a key priority, while shallow infill and grade control drilling is expected to upgrade portions of the resource to indicated status.

The company remains focused on delivering a Definitive Feasibility Study by the second half of 2026, advancing Kokoseb toward development as one of Namibia’s premier gold assets.

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