WIA Gold (WIA) H2 2026 earnings summary

Executive summary

• Advanced Kokoseb Gold Project from exploration to a fully funded, near-permitted development with a maiden Ore Reserve and upgraded Mineral Resource, targeting first gold in Q4 2028.

• Completed a Definitive Feasibility Study (DFS) in August 2026, confirming robust project economics and a 14-year mine life with strong financial returns.

• Strengthened leadership team with key appointments in management and board roles to support project execution.

• Divested non-core Côte d'Ivoire assets, focusing resources on Namibian operations.

Financial highlights

• Net loss for the year ended 30 June 2026 was $16.1 million, compared to $5.3 million in 2025.

• Cash and cash equivalents at year-end increased to $119.1 million from $29.0 million in 2025.

• Net assets rose to $173.9 million, up from $71.1 million year-over-year.

• Share-based payments expense increased to $4.6 million from $2.6 million in the prior year.

• Exploration and evaluation assets capitalised at $50.2 million, up from $42.4 million.

Outlook and guidance

• Kokoseb Project fully funded to first gold, with construction to commence following permitting; first production targeted for Q4 2028.

• Ongoing drilling to expand underground resource and further define high-grade zones.

• Anticipated grant of Mining Licence and Environmental Clearance Certificate in H2 2026.