EXPLORATION & DEVELOPMENT

West African points to higher inferred grade

Sanbrado infill drilling ahead of feasibility completion

Michael Quinn

This article is 7 years old. Images might not display.

"Given the grade and tenor of recent (infill drilling) results, it is expected that inferred resources will be upgraded in terms of both category and grade," West African Resources said.

The recent hits included 10m grading 54.2g/t from 499m.

Inferred underground resources at M1 South have previously been reported as totalling 350,000 tonnes grading 16.1gpt for 180,000 ounces.

That compares with indicated underground resources of 470,000t at 26.4g/t for 395,000oz.

West African Resources is working on completing an undated feasibility study for Sanbrado by mid-year comprising both opencut and underground mining.

The company has about A$20 million cash.

Shares in West African Resources were off 1% to A$0.435 in early trade today, capitalising the company at A$252 million (US$199 million).

The stock was at levels around $0.26 12 months ago and $0.06 24 months ago.

 

Expert-led Insights reports and Analytics tools built on robust data, rigorous analysis and expert commentary covering mining Risk, Projects, ESG, Leadership, and Investor Sentiment.

Expert-led Insights reports and Analytics tools built on robust data, rigorous analysis and expert commentary covering mining Risk, Projects, ESG, Leadership, and Investor Sentiment.

editions

Leadership Insights 2025

Leadership Insights reveals key trends in priority mining issues through interviews with 15+ top mining company executives and an industrywide survey.

editions

Mining IQ Risk Analytics

Risk Analytics offers interactive access to World Risk Insight data, allowing you to customise risk views, benchmark jurisdictions, explore data behind scores and read expert commentary to guide your decision-making.

editions

Project Pipeline Index 2025

View our 50 top mining projects, handpicked using a unique, objective selection process from an expanded database of 600+ global assets.

editions

Investor Sentiment Insights 2025

Exclusive insights into the plans, priorities and preferences of 130+ mining investors and top factors influencing investment decisions in 2025.