WIA Gold (WIA) Q3 2026 TU earnings summary

Executive summary

• Definitive Feasibility Study (DFS) for the 2.93Moz Kokoseb Gold Project in Namibia is on track for completion in H2 2026, with key technical and permitting milestones achieved.

• Significant high-grade drilling results confirm the continuity and scale of mineralisation, supporting both open-pit and future underground mining potential.

• Environmental and Social Impact Assessment (ESIA) and Management Plan (ESMP) were formally submitted to Namibian authorities, advancing permitting.

• Divestment of non-core Côte d'Ivoire assets completed, with equity and performance rights received, sharpening focus on Namibian projects.

• Strengthened management team with new CEO, CFO, and Non-Executive Director appointments, all with significant African mining experience.

Financial highlights

• Cash balance at 31 March 2026 was A$40.94 million, with no debt.

• Exploration and evaluation expenditure for the quarter was A$5.139 million.

• Net cash outflow from investing activities for the quarter was A$5.296 million.

• Estimated quarters of funding available is 8.33, indicating strong liquidity.

Outlook and guidance

• DFS remains on schedule for H2 2026 completion, with an updated Mineral Resource Estimate (MRE) including underground resources expected in H2 2026.

• Project financing activities have commenced, with initial meetings held with potential finance providers.

• Ongoing exploration and drilling to further define underground and open-pit resources.