WIA Gold (WIA) H2 2025 earnings summary

Executive summary

• Focused on gold exploration in Namibia and Côte d'Ivoire, with Kokoseb Gold Project in Namibia as the flagship asset, showing significant resource growth and ongoing drilling success.

• Updated Mineral Resource Estimate (MRE) for Kokoseb increased contained gold by 38% to 2.93 Moz at 1.0g/t Au, with 62% now in the Indicated category.

• Strong infill and extensional drilling results at Kokoseb, including best-ever intercepts, support further resource growth and project advancement.

• Scoping Study for Kokoseb is on track for Q3 2025 completion, with process plant and infrastructure design progressing.

• $29.6 million raised to fund ongoing exploration and studies; included in S&P All Ordinaries index.

Financial highlights

• Net loss before income tax: $5.35 million for FY2025, compared to $3.61 million in FY2024.

• Share-based payments expense increased to $2.57 million (FY2024: $2.11 million).

• Exploration impairment charge of $2.07 million (FY2024: $0.29 million) due to surrendered tenements.

• Cash and cash equivalents at year-end: $29.0 million (FY2024: $15.1 million).

• Total assets: $72.4 million (FY2024: $43.8 million); equity: $71.1 million.

Outlook and guidance

• Continued exploration and resource growth at Kokoseb and regional targets in Namibia and Côte d'Ivoire.

• Kokoseb Scoping Study completion expected in Q3 2025, with further studies and drilling to advance toward a Definitive Feasibility Study.

• Ongoing capital raising and funding support from major shareholders to underpin project development.