West African Resources Limited is dedicated to creating shareholder value through the acquisition, exploration and development of projects in West Africa. The company is transitioning to gold producer after pouring first gold at its Sanbrado Gold Project in Burkina Faso on 18 March 2020.
Sanbrado is expected to produce more than 300,000oz gold in its first year of production and an average of 217,000oz a year in its first five years at AISC of less than US$600/oz.
Sanbrado has an initial 10-year mine life, including 6.5 years of underground mining, with strong early cashflow and a rapid payback of capital at US$1300/oz gold.
West African has acquired the 1.1Moz Toega Gold Deposit, 14km from Sanbrado in Burkina Faso. Toega is expected to increase the Sanbrado production profile and mine life with a relatively low capital expenditure, and West African expects to commence exploration field work at Toega following the 2020 wet season.