Wia Gold confirms deeper high-grade zones at Kokoseb Project

Wia Gold Limited has reported further strong drilling results confirming the continuity of high-grade gold mineralisation at depth at its Kokoseb Gold Project in north-western Namibia, following 8,118 metres of drilling across 11 diamond drill holes and eight reverse-circulation holes.

The company said the latest assays returned high-grade intercepts from the Central Zone, including 22.0 metres at 14.87 g/t gold, 9.9 metres at 5.51 g/t and 6.8 metres at 5.12 g/t.

It added that the results reinforce confidence in the continuity of plunging shoots regarded as key for potential underground development.

“These latest drilling results at Kokoseb further validate the continuity and scale of the high-grade zones we have previously reported. The intercepts not only confirm the robustness of the Central Zone plunging shoots but also demonstrate that the mineralised system remains open at depth, providing significant upside for future underground development,” said Wia Executive Chairman Josef El-Raghy.

Deep extensional drilling also indicated that mineralisation remains open at depth, with one intercept returning 23.7 metres at 6.59 g/t from 519.6 metres below surface, well beneath the current scoping-study pit and Mineral Resource Estimate.

Wia said shallow infill drilling in the Gap Zone included 40 metres at 1.13 g/t gold, supporting potential expansion of near-surface resources.

Kokoseb hosts an updated Inferred Mineral Resource of 2.93 million ounces of gold at an average grade of 1.0 g/t, including a higher-grade subset of 2.07 million ounces at 1.4 g/t. The project forms part of Wia Gold’s Damaran Project and is held in joint venture with state-owned Epangelo Mining, with Wia holding an 80 percent interest.

“With five DD rigs and one RC rig currently active, we are systematically advancing resource conversion and expansion while further de-risking the project ahead of the Definitive Feasibility Study scheduled for the second half of 2026. These results strengthen our confidence in Kokoseb as a quality asset capable of delivering long-term value for shareholders,” El-Raghy said.

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