Wia Gold (ASX:WIA) has revised its Mineral Resource Estimate (MRE) for its Kokoseb deposit, which forms part of the Damaran gold project in Namibia – bringing the new estimate to a high of 66 million tonnes (Mt) at 1.0 g/t Au for 2.12 million ounces (Moz).
The Kokoseb deposit’s size aligns well with other gold projects in Namibia, either in production or development stages.
All of this aside – Namibia is renowned as a favorable mining jurisdiction, known for its production of uranium, diamonds, gold, and base metals. With political stability, robust infrastructure, and a supportive mining environment, the country is conducive to mining activities.
“We are delighted to deliver this significant milestone in the Kokoseb journey. That journey began with a greenfield discovery in 2021 and has been followed with a disciplined exploration program leading to rapid resource growth at an extremely low discovery cost per ounce,” Wia’s Chairman, Andrew Pardey said.
This updated MRE sets a solid foundation for Wia Gold’s future plans to develop a low-cost open-pit gold mine at Kokoseb. The Company is optimistic about the potential for further exploration and development of this significant asset within Namibia’s thriving mining landscape.