WIA completed over 9,500m of drilling at Kokoseb during 2QFY25 with a Scoping Study now underway and expected to be reported later this year. Exploration efforts at Kokoseb during the quarter focused on infill and extensional drilling to better define open pit constraints for the deposit, feeding into the Scoping Study. WIA remains well funded with A$37.1m in cash which will fund plans to ramp up from three to six drill rigs at Kokoseb over CY25. Our $0.40 Price Target is unchanged with a Speculative Buy recommendation maintained.
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