WIA Gold (WIA) Q4 2026 TU earnings summary

Executive summary

• Kokoseb Definitive Feasibility Study (DFS) for open-pit development remains on track for Q3 2026 completion, with significant progress in mine geotechnical, mining, metallurgy, and infrastructure design.

• Recent drilling (19,819m) identified a new high-grade mineralised horizon beneath the Central Zone, extended high-grade mineralisation, and reinforced underground potential.

• Updated Mineral Resource Estimate (MRE), including inaugural underground resource, is expected in Q3 2026.

• Regional reconnaissance and exploration activities continued across significant Namibian landholdings.

• Appointment of John Mussett as Project Director to lead Kokoseb's development, bringing extensive international mine development experience.

Financial highlights

• Completion of A$92 million placement at A$0.46 per share, strengthening the balance sheet and funding project advancement.

• Cash balance at 30 June 2026 was A$119.1 million, with no debt.

• Evaluation and exploration expenditure for the quarter was A$7.6 million.

• Payments to related parties during the quarter totaled A$156,000 (directors' remuneration).

Outlook and guidance

• DFS completion targeted for Q3 2026, with updated MRE and underground resource to be released.

• Project financing workstreams advanced, with strong interest from mining financiers and multiple indicative, non-binding proposals under evaluation.

• Environmental and social permitting processes progressing through regulatory assessment.