What WIA Gold does

WIA Gold Limited (ASX:WIA) is an Australian-domiciled, ASX-listed gold exploration and development company headquartered in Subiaco, Western Australia. Its flagship asset is the Kokoseb Gold Project in the Damaran Orogenic Belt of Namibia, held under an 80/20 joint venture with Epangelo Mining Company, the Namibian state-owned mining enterprise. As of July 2025, the project hosts a 2.93 Moz Mineral Resource Estimate (89 Mt at 1.0 g/t Au), up from a 1.3 Moz maiden resource in 2023, with mineralisation open at depth and along a 5.4 km strike. The company is led by former Centamin Plc executives and currently operates with 11-50 employees across exploration and corporate functions.

The September 2025 scoping study outlines an 11+ year open-pit mine life producing an average of 177 koz/yr of gold over Years 1-5 and 146 koz/yr LOM, processed through a 5.25 Mtpa CIL facility. Project economics include post-tax NPV5% of US$646M (base case, US$2,600/oz) to US$1,269M (spot, US$3,450/oz), a post-tax IRR of 38-60%, and AISC of US$1,265/oz in Years 1-5. Pre-production capex is estimated at US$358.8M. A Definitive Feasibility Study is underway with completion targeted for Q3 2026, and a Mining Licence application was submitted in October 2025. Six drill rigs (5 DD + 1 RC) are active, with 19,819m drilled and a notable intercept of 9m @ 10.64 g/t Au from 811m depth.

WIA Gold is pre-revenue; its business model is the conventional junior-miner model of raising equity capital on the ASX to fund drilling, scoping, and feasibility studies, with the intent to construct and operate a gold mine that sells doré or refined gold to refineries, commodity traders, and central banks at LBMA-linked prices. The company is also divesting its non-core Côte d'Ivoire gold projects to focus capital and management on Kokoseb. Marketing and investor engagement are conducted through ASX announcements, corporate presentations, third-party equity research (Argonaut, SCP), and an online investor dashboard.

Name

WIA Gold

Legal name

Wia Gold Limited

Website

https://wiagold.com.au

Company type

Public

Founded year

2010

Operating status

Operating

Headcount range

11–50 employees

Short description

WIA Gold (ASX:WIA) is a pre-revenue Australian gold explorer and developer advancing its flagship 80%-owned Kokoseb Gold Project in Namibia through scoping and definitive feasibility study toward production, led by former Centamin Plc executives and targeting 146-177 koz/yr over an 11+ year mine life.

Ownership category

akta.pro rank

Product category

Gold Mining and Exploration

NAICS

Gold Ore and Silver Ore Mining (212220)

SIC

Gold And Silver Ores (1040)

akta.pro primary industry

Gold Mining (IMAKAEAA)

Keywords

• Gold exploration
• Mineral resource development
• Mining feasibility studies
• Gold project development
• Resource definition drilling

Headquarters

HQ city

Subiaco

HQ country

Australia

HQ region

Oceania

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Technology or R&D, Personnel, Supply Chain, Infrastructure, Marketing or Sales

Revenue model

1. Gold Production (Future): Pre-revenue company. Once the Kokoseb project reaches production, revenue will be generated from gold sales. The scoping study projects gold production averaging 177 koz per annum over the first 5 years and 146 koz per annum over the 11+ year mine life. Currently exploring and advancing through DFS stage.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels5 records

Core offering

WIA Gold is a gold-focused exploration and development company advancing the Kokoseb Gold Project in Namibia through diamond and RC drilling, resource definition, scoping/feasibility studies, and ultimately toward open-pit gold production via a 5.25 Mtpa CIL processing facility. Pre-revenue, the company currently monetises its asset base by growing the mineral resource estimate (2.93 Moz as of July 2025) and progressing toward a final investment decision; once in production it will sell gold to refineries, commodity traders, and central banks.

Product overview

WIA Gold is a gold-focused exploration and development business operating as an ASX-listed company (ASX:WIA). The company is rapidly advancing its Kokoseb discovery in Namibia, which is its primary asset. The Kokoseb Gold Project is an 80%-owned joint venture with Epangelo Mining Company (Namibia's state-owned mining company holding the remaining 20%). The company also holds gold projects in Côte d'Ivoire, which are currently being divested. WIA Gold's core business involves gold exploration, resource definition drilling, and advancing projects through scoping studies and feasibility studies toward production.

Differentiator

Problem solved

Functional benefit

Products and services

• Kokoseb Gold Project A gold exploration and development project located in the Erongo Region of Namibia, approximately 320 km from Windhoek, comprising an open-cut mine and a 5.25 Mtpa CIL processing facility. The project is held under an 80/20 joint venture between WIA Gold and Epangelo Mining Company and is currently progressing through DFS toward production. It is intended for future gold sales to refineries, commodity traders, and central banks.
• Various Gold Projects, Côte d'Ivoire Portfolio of gold exploration projects in Côte d'Ivoire that WIA Gold is currently in the process of divesting (announced November 2025) in order to focus capital on the Kokoseb Gold Project in Namibia.

Quantifiable outcome

• Post-tax NPV5% of US$646M at base case, US$1,269M at spot price
• +3 more outcomes

Segments1 record

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Two partnerships are on record, tiered core.

• MSALABScoreTechnology or Integration · 19 June 2025MSALABS, a subsidiary of Capital, has a three-year fire assay contract with WIA Gold for its Kokoseb project in Namibia. MSALABS provides laboratory services including Chrysos PhotonAssay technology for assaying drill samples.
• Epangelo Mining CompanycoreStrategic or Co-development PartnerEpangelo Mining Company is the state-owned mining company of Namibia holding a 20% interest in the Kokoseb Gold Project, while WIA Gold owns the remaining 80%. This joint venture provides government alignment and local partnership for the development of the project.

Scale indicators12 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Predictive Discovery: ASX-listed West African gold explorer/developer. Highly comparable because WIA Gold NED Andrew Pardey is concurrently Managing Director of Predictive Discovery, the firms share African gold exposure, and both are advancing multi-million-ounce resources toward development.
• Bellevue Gold: ASX-listed gold developer that recently transitioned to producer at the Bellevue Gold Project in Western Australia. Comparable as a single-asset, advanced-stage developer progressing through DFS into construction and commissioning, with similar scale and economics.
• West African Resources: ASX-listed gold developer/producer with advanced open-pit and underground operations in Burkina Faso. Closely comparable stage and geography (West Africa gold), with a similar transition from explorer to producer that WIA Gold aspires to replicate.
• Capricorn Metals: ASX-listed gold producer developing the Karlawinda Gold Project in Western Australia. Comparable as an ASX gold developer that moved from scoping/DFS into production, providing a benchmark for development-stage valuation re-rating.
• Catalyst Metals: ASX-listed gold explorer/developer with multiple Australian and Tanzanian projects. Comparable as an ASX-listed junior gold company at the explorer-developer transition, sharing similar size, headcount and stage profile with WIA Gold.
• Genesis Minerals: ASX-listed mid-tier gold producer/developer operating in Western Australia. Comparable as an Australian-listed gold company that has scaled from developer to multi-asset producer, illustrating the value-creation pathway WIA Gold is targeting.
• Osino Resources: TSX/NSX-listed Namibian gold developer (Twin Hills project) acquired by Dundee Precious Metals in 2024. Closely comparable as another Namibian gold developer at a similar stage, providing a recent transaction benchmark for Kokoseb.

Broad incumbents

• Perseus Mining: ASX/TSX-listed mid-tier African gold producer with operating mines in Ghana, Côte d'Ivoire and Burkina Faso. Comparable as an established African gold operator (WIA NED Adam Smits previously held senior roles at Perseus), illustrating the end-state producer profile WIA Gold is building toward.
• Ramelius Resources: ASX-listed mid-tier Australian gold producer with multiple Western Australian operations. Comparable as an ASX-listed gold producer that has grown via exploration and acquisitions, providing a benchmark for the size and scale WIA Gold could target over time.

Emerging players

• Trigon Metals: TSX-listed junior mining company with African copper and silver assets. Less directly comparable but relevant as another ASX/TSX-listed Africa-focused emerging producer with similar headcount and capital profile to WIA Gold.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/WIA_Gold
• LinkedInlinkedin.com/company/wiagold

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Funding overview

Funding rounds1 record

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about WIA Gold