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Last A$0.07 AUD
Change Today -0.003 / -4.05%
Volume 30.0K
WAF On Other Exchanges
As of 1:27 AM 07/28/15 All times are local (Market data is delayed by at least 15 minutes).

west african resources ltd (WAF) Snapshot

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08/8/14 - A$0.14
52 Week Low
06/15/15 - A$0.05
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west african resources ltd (WAF) Details

West African Resources Limited, a gold exploration company, engages in the identification, acquisition, assessment, and development of mineral resource projects in West Africa. The company also explores for copper. It primarily owns a 100% interest in the Boulsa gold project covering approximately 3,700 square kilometers located in Burkina Faso, West Africa. The company was incorporated in 2006 and is based in Scarborough, Australia.

west african resources ltd (WAF) Top Compensated Officers

Chief Executive Officer, Managing Director an...
Total Annual Compensation: A$280.0K
Compensation as of Fiscal Year 2014.

west african resources ltd (WAF) Key Developments

West African Resources Limited Reports First Results from Shallow Oxide Drilling at the Mankarga 1 Prospect, Tanlouka Permit, Burkina Faso

West African Resources Limited reported the first results from shallow oxide drilling at the Mankarga 1 prospect, Tanlouka Permit, Burkina Faso. RC drilling at the M1 prospect has intercepted oxide mineralisation beneath historic artisanal workings with two scissor holes ending in mineralisation. Shallow first pass RC drilling is being completed with an Aircore rig drilling to blade refusal as such TAC0657 and TAC0658 both ended in quartz veining returning 8m at 1.5g/t Au and 6m at 1.3g/t Au respectively. These results are up dip of historic RC hole TAN10-RC-23, drilled in 2010, which returned high-grade results of 2m at 25g/t Au from 58m. It is expected that oxide mineralisation from M1 will exhibit similar metallurgical characteristics to M5 oxides, therefore will be amenable to heap leach processing. oxides, therefore will be amenable to heap leach processing. None of the gold mineralisation at the M1 prospect is currently included the project resource inventory. M1 mineralisation will be modelled and incorporated in a resource update later this year, and subsequently added to the mine schedule. Any additional higher grade oxide tonnes will have a positive impact on the project economics.

West African Resources Limited Announces Executive Changes

West African Resources Limited announced the appointment of Mark Connelly as an independent non-executive chairman. Mr. Connelly is the former managing director and chief executive officer of Papillon Resources Limited. Previously he was chief operating officer of Endeavour Mining Corporation following its merger with Adamus Resources Limited where he was Managing Director and CEO. He has extensive experience in financing, development, construction and operation of mining projects in a variety of commodities including gold, base metals and other resources in West Africa, Australia, North America and Europe. Mr. Connelly replaces Mr. Francis Harper, who has resigned from the board.

West African Resources Limited Announces Results from Auger Drilling along Strike of the Mankarga 5 Deposit, Tanlouka Permit Burkina Faso

West African Resources Limited announced significant results from auger drilling along strike of the Mankarga 5 deposit, Tanlouka Permit Burkina Faso. Mankarga 5 Auger drilling along strike to the northeast of the Mankarga 5 (M5) deposit has delivered strong results demonstrating the continuation of mineralization along strike of the proposed oxide starter pit that the company intends to treat by conventional heap leach processing. Importantly the results from the recent WAF auger shows that the geochemical signature over known mineralization is subtle and discreet with only seven samples greater than 160ppb Au within the proposed starter pit outline. Results along strike of the M5 resource demonstrate that there is significant potential to add more oxide tones to the heap leach starter project and extend the current PFS mine life of 7 years. In total 245 auger holes, with an average depth of 5.3m, were drilled along strike of the M5 resource area on lines oriented northeast - southwest, on a 200m by 50m grid. Sampling returned a peak result of 635 ppb Au (0.64g/t Au) with other high tenor results of 228 ppb Au, 224 ppb Au and 218 ppb Au Mankarga 1 Mankarga 1 (M1) is the most advanced prospect and located approximately 500m northwest of the Mankarga 5 Mineral Resource. Infill auger drilling has been completed at the prospect. M1 has significant potential to add additional oxide tones to the proposed heap leach starter project. The major difference in this area is that mineralization trends north-northwest, in contrast to Mankarga 5 which trends northeast. Regional sampling on sub-optimal northwest-southeast lines returned high tenor results including 661 ppb Au (0.66g/t Au), 380 ppb Au, 568 ppb Au, 301 ppb Au, 368 ppb Au and 297 ppb Au. Results are imminent for detailed auger drilling completed on a 25m by 100m grid, oriented on northeast- southwest lines perpendicular to the main northwest mineralized trends.


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