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Namibia

Kokoseb Project

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Summary

Mine TypeOpen Pit
Study CompletedPreliminary Economic Assessment
Study in ProgressFeasibility
StagePermitting
Commodities
  • Gold
Mining Method
  • Truck & Shovel / Loader
Mine Life... Lock
SnapshotKokoseb Gold Project is a fast-growing gold project located in a well-established and highly regarded mining jurisdiction, supported by excellent infrastructure that continues to attract significant investment capital.

The 30 September 2025 Kokoseb Scoping Study confirms the Project’s technical strength and commercial appeal. Supported by established modern infrastructure, Kokoseb offers strong return potential, with the Scoping Study providing a solid foundation for Wia to advance to DFS.

Continuation of exploration drilling to expand and better define the Mineral Resource, including assessment of areas with underground mining potential.

Future Work Program includes additional upside from further resource growth, with an underground Mineral Resource Estimate (MRE) targeted for mid 2026.

Project permitting is well advanced, with the Mining Licence application and ESIA submission in progress.

Owners

SourceSource
CompanyInterestOwnership
Epangelo Mining Company (Pty) Ltd. 20 % Indirect
Wia Gold Ltd. 80 % Indirect
The Kokoseb Project is 80% owned by Wia Gold in a joint venture with Epangelo Mining Company, the state-owned mining company of Namibia who owns the remaining 20%.

Contractors

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Deposit type

  • Orogenic
  • Intrusion related

Summary:

Kokoseb lies within the Northern Central Zone of the Pan-African Damaran Orogenic Belt around 15km south of the Otjihorongo Thrust, which separates the Northern Zone from the Northern Central Zone, and about 30km west of the NNE trending Welwitschia Lineament. The project area is underlain by metasediments of the Arandis, Karibib and Kuiseb Formations of the Swakop Group.

The Arandis Formation consists of alternating schists, calc-silicates (commonly scapolitic) and marble units which core two prominent domal features in the central portions of the Okombahe licence with the easternmost of these domes named the Otjongeama Dome. The Arandis Formation is overlain by the Karibib Formation which is dominated by impure marbles and lesser calc-silicates and is capped by the calcitic, graphite bearing marbles of the Arises River Member. The metasediments of the overlying Kuiseb Formation consist mainly of quartz/plagioclase/K-feldspar/biotite schist and biotite schist with minor quartzites and calc-silicates. The schists appear to have undergone local weak partial melting.

Along the southern edge of the Kokoseb Gold Prospect, the domal features cored by Arandis and Karibib Formation rocks are thrusted over the Kuiseb Formation, to the north, along the regional southern thrust, resulting in a prominent marble ridge that marks the southern boundary of known mineralisation.

Within the Kokoseb area, the Kuiseb schist forms a domal feature cored by a post tectonic leucogranite, the “Central Granite Pluton”, which consists predominantly of medium grained quartz, K-feldspar and plagioclase, with accessory biotite, muscovite, magnetite, garnet and tourmaline. Granite dykes, granitic veinlets and pegmatites cross cutting the Kuiseb schist represent the same granite phase or later granitic phases. Gold mineralisation wraps around this pluton in a roughly arcuate form but seems best developed along the western and northern margins of the Central Pluton. A coarse grained, pre-syn tectonic, porphyritic-feldspar granite encloses the mineralised schists in the west, east and northeast. The schist units consist of poorly foliated, dark grey, quartz/plagioclase/Kfeldspar rich, biotite bearing, schist and black, better foliated biotite schists.

Mineralisation
Gold mineralisation is found in the Kuiseb Formation metasediments which are extensively intruded by both late syn-tectonic and post tectonic granites, and minor N-S to NNE-SSW trending mafic dykes. There is generally moderate to good rock exposure throughout the licence area though the Kuiseb formation tends to only sub-outcrop and is commonly covered by thin soil, colluvium or pisolitic calcrete up to 2m thick.

Gold mineralisation, present as native gold grains and lesser silver bearing gold grains, is spatially associated with sulphides dominated by pyrrhotite, löllingite and arsenopyrite in order of abundance. Sulphides manifest as foliation-controlled blebs, stringers and disseminations and löllingite is always spatially associated with arsenopyrite and pyrrhotite where a retrograde reaction rim of arsenopyrite is always developed at the contact between pyrrhotite and löllingite. This contact zone between löllingite and arsenopyrite is typically where gold grains are developed, though they can also occur as partial inclusions within löllingite and rarely within pyrrhotite. Gold is commonly associated with bismuthinite and native Bi mineralisation.

Pyrite is the most common sulphide but does not show any direct association with gold mineralisation.

Mineralisation generally outcrops, with locally a maximum of 1 to 2 m of barren superficial material. Weathering extends to an average of around 32 m depth.

Dimensions
• The mineralised domains have a combined strike length of around 6.8 km, with average widths of around 70 m, 100 m, 70 m, and 45 m for the south, northwest, north and east domains respectively;
• The pit shell extends over around 5.8 km of strike and reaches a maximum depth of around 480 m;
• Mineral Resources extend from surfaced to 480 m depth with around 75% from depths of less than 230m and 90% from shallower than 300 m.

Reserves

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Mining Methods

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Required Heavy Mobile Equipment

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Comminution

Crushers and Mills

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Processing

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Water usage

Parameter2025
Groundwater 1.1 M m3/year

Commodity Production

CommodityUnitsAvg. AnnualLOM
Gold koz 146 *1,653 *
All production numbers are expressed as metal in doré. * According to 2025 study.

Operational metrics

Metrics
Annual processing capacity  ....  Subscribe
Stripping ratio  ....  Subscribe
Waste tonnes, LOM  ....  Subscribe
Ore tonnes mined, LOM  ....  Subscribe
Total tonnes mined, LOM  ....  Subscribe
Tonnes processed, LOM  ....  Subscribe
* According to 2025 study.

Production Costs

CommodityUnitsAverage
All-in sustaining costs (AISC) Gold USD  ....  Subscribe
C1 cash costs Gold USD  ....  Subscribe
Assumed price Gold USD  ....  Subscribe
* According to 2025 study / presentation.

Operating Costs

CurrencyAverage
OP mining costs ($/t mined) USD  ....  Subscribe
OP mining costs ($/t milled) USD  ....  Subscribe
Processing costs ($/t milled) USD  ....  Subscribe
G&A ($/t milled) USD  ....  Subscribe
Total operating costs ($/t milled) USD  ....  Subscribe
* According to 2025 study.

Project Costs

MetricsUnitsLOM Total
Pre-Production capital costs $M USD  ......  Subscribe
Sustaining CapEx $M USD  ......  Subscribe
Closure costs $M USD  ......  Subscribe
OP OpEx $M USD  ......  Subscribe
Processing OpEx $M USD 834
Refining and treatment costs $M USD  ......  Subscribe
G&A costs $M USD 141
Royalty payments $M USD  ......  Subscribe
Pre-tax NPV @ 5% $M USD  ......  Subscribe
After-tax NPV @ 5% $M USD  ......  Subscribe
Pre-tax IRR, %  ......  Subscribe
After-tax IRR, %  ......  Subscribe
After-tax payback period, years  ......  Subscribe

Personnel

Mine Management

Job TitleNameProfileRef. Date
....................... Subscription required ....................... Subscription required Subscription required Jan 26, 2026
....................... Subscription required ....................... Subscription required Subscription required Jan 26, 2026

Workforce

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