Sanbrado Gold Project

Formerly known as Tanlouka Gold Project

West African Resources (ASX/TSX-V: WAF) is developing the Sanbrado Gold Project (formerly the Tanlouka Gold Project), a high-grade gold discovery in Burkina Faso, West Africa.

An open-pit feasibility study has confirmed:

  • Forecast annual production of 150,000 ounces of gold over the first three years of the project and 93,000oz gold per year over the current nine-year mine life
  • Probable Reserves of 894,000oz (16.8Mt at 1.7g/t gold)
  • Indicated Resources of 1.3Moz gold (29.57Mt at 1.4g/t gold using a 0.5g/t cut-off)
  • Low All-In Sustaining Costs of US$708/oz over the first 3 years and US$759/oz over Life of Mine
  • Strong economics – pre-tax NPV5% of $143m, IRR 27% and post-tax NPV5% of $100m, IRR 21%
  • Mining and environmental permits approved
  • Camp construction and early site works underway
  • Gold production expected to commence in early 2019.

 

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Corporate Overview

West African Resources Limited is a Perth-based gold company, dedicated to creating shareholder value through the acquisition and development of gold projects in Burkina Faso, West Africa. A Definitive Feasibility Study for the Sanbrado Gold Project has confirmed it as a robust project with strong early cashflow, rapid payback of capital and expected production of 150,000oz gold per year to commence in 2019.

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Feasibility Study

West African Resources hosted a conference call to discuss its Feasibility Study, released to the market on Monday 20 February 2017.

To access a recording of the call, click the link below.

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