Wia Gold Limited has updated the Mineral Resource Estimate for the Kokoseb Gold Project in Namibia, lifting total contained gold by 29% to 3.78 million ounces across 113 million tonnes grading 1.0 grams per tonne gold.

The latest figure compares with the previous estimate announced in July 2025, which totalled 2.93 million ounces across 89 million tonnes at 1.0 grams per tonne gold.

The updated total comprises an open-pit Mineral Resource of 3.23 million ounces at 0.96 grams per tonne gold—representing a 10% increase from the prior open-pit estimate and including 2.01 million ounces in the higher-confidence Indicated category—alongside a maiden underground Inferred Mineral Resource of 0.56 million ounces at 2.2 grams per tonne gold contained in 7.9 million tonnes.

Funds from a A$30 million placement completed in November 2024 were allocated to advance Kokoseb toward Definitive Feasibility Study completion and increase its Mineral Resource Estimate.

“This updated MRE delivers a 29% increase in contained gold to 3.78Moz and, importantly, includes a maiden underground Mineral Resource that adds a higher-grade component to Kokoseb and highlights the Project's longer-term growth potential. It is particularly pleasing that 2.01Moz of gold is now classified in the higher-confidence Indicated category, providing a strong foundation for the Definitive Feasibility Study and ongoing development planning. With six rigs currently operating, drilling activities are focused on testing the continuity and extent of mineralisation at depth and further assessing potential higher-grade zones to improve confidence in the underground resource.”

— Henk Diederichs, Managing Director and CEO

Mineralisation remains open at depth along the more than 5-kilometre strike extent of the system. Wia Gold is continuing diamond drilling at the project using six rigs to test the continuity and extent of mineralisation at depth.

Read the full announcement: Wia Increase MRE by 29% to 3.78Moz Au at Kokoseb