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- Gold developer West African Resources (WAF) is ahead of schedule in commissioning the primary crusher at its Gold Project in Burkina Faso
- First gold pour is now expected in early Q2 2020 and commercial production is expected in the second half of the year
- The M1 South underground pit is on schedule for first development of ore in late March 2020
- WAF has ended the day 5 per cent in the green with shares trading for 52.5 cents apiece
West African Resources (WAF) has completed commissioning of the primary crusher ahead of schedule at its Gold Project in Burkina Faso.
First gold pour is now expected in early Q2 2020 and commercial production is expected in the second half of the year.
The crushing circuit is now commissioned and operational, with commissioning also underway on the process plant and power station.
The M1 South underground is on schedule for first development ore in late March 2020.
“We are very pleased to have crushed the first M5 open-pit ore ahead of schedule at Sanbrado,” Executive Chairman Richard Hyde said.
“The overall construction project is tracking ahead of schedule, which is a credit to the skill and experience of WAF’s owners’ team and the quality and cooperation of the contractors and consultants working with us on the build,” he said.
WAF’s Sanbrado Gold Project is located 90 kilometres east-southeast of Ouagadougou, the capital of Burkina Faso.
The project covers an area of 116 square kilometres and comprises of one granted mining permit and one granted exploration licence. It has a portable ore reserve of 21.6 million tonnes at 2.4g/t gold for 1.65 million ounces of gold.
Studies reveal an initial 10-year mine life which includes 6.5 years of underground mining.
In WAF’s December 2019 quarterly report, the overall project construction was more than 90 per cent complete and 98 per cent of structural and mechanical equipment had been installed on site.
WAF has ended the day 5 per cent in the green with shares trading for 52.5 cents apiece in a $457 million market cap.
