Business description: West African Resources Limited

West African Resources Limited is an Australia-based gold mining company. The Company is engaged in mining, mineral processing, exploration, project development, community and social sustainability, and rehabilitation within the West African country of Burkina Faso. It operates through two segments Mining Operations, which comprises of the Sanbrado Gold Project operations located in Burkina Faso, and Construction and Exploration & Evaluation (E&E) segment comprises mines under construction and exploration and evaluation projects in locations other than Sanbrado. Its Sanbrado Gold Project is located approximately 90 kilometers (kms) east-southeast of Ouagadougou, the capital of Burkina Faso. Its Kiaka Gold Project is approximately 45 km south of Sanbrado Gold Mine in Burkina Faso. Its Toega Gold Project is located 14 km southwest of the Company’s Sanbrado gold operation. Its tenement portfolio comprises over 1,385 km2 over the Markoye fault region in central and southern Burkina Faso.

Number of employees: 729

Sales by Activity: West African Resources Limited

Fiscal Period: December 2020 (AUD) 2021 (AUD) 2022 (AUD) 2023 (AUD) 2024 (AUD)

Mining Operations

31Cr 71Cr 61Cr 66Cr 73Cr

Other

4L 10T 1L 4L 33.17L

Construction and E&E

1L - 36T 36T 37T

Geographical breakdown of sales: West African Resources Limited

Fiscal Period: December 2020 (AUD) 2021 (AUD) 2022 (AUD) 2023 (AUD) 2024 (AUD)

Africa

- - - 66Cr 72Cr

Switzerland

31Cr 71Cr 61Cr - -

Executive Committee: West African Resources Limited

Manager TitleAgeSince
Chief Executive Officer - 01/09/2006
Director of Finance/CFO - 28/06/2018
Chief Operating Officer - 07/12/2016
Human Resources Officer - 02/12/2022
Investor Relations Contact - -

Composition of the Board of Directors: West African Resources Limited

Director TitleAgeSince
Chairman - 09/09/2019
Director/Board Member - 09/09/2019
Director/Board Member 65 09/09/2019
Director/Board Member - 29/05/2020
Director/Board Member - 29/05/2020
Director/Board Member - 02/12/2022

Shareholders: West African Resources Limited

NameEquities%Valuation
L1 Capital Pty Ltd.
11.33 %
12,94,65,571 11.33 % 335 M $
Aigle Royal Superannuation Pty Ltd.
5.016 %
5,72,97,811 5.016 % 148 M $
Van Eck Associates Corp.
4.984 %
5,69,39,097 4.984 % 147 M $
Equinox Partners Investment Management LLC
4.967 %
5,67,36,638 4.967 % 147 M $
FIL Investment Advisors (UK) Ltd.
4.682 %
5,34,87,149 4.682 % 138 M $

Company details: West African Resources Limited

West African Resources Ltd.

1 Alvan Street

6008, Subiaco

+61 8 9481 7344

http://www.westafricanresources.com/
address West African Resources Limited(WAF)

Gold Mining

Change 5d. change 1-year change 3-years change Capi.($)
-5.56%-18.46%+32.14%+214.89% 252.48Cr
+0.17%-10.55%+165.08%+175.83% 13TCr
-0.22%-12.16%+123.71%+393.63% 11TCr
-0.45%-10.81%+130.85%+186.58% 7.59TCr
-1.16%-10.15%+97.08%+273.94% 6.66TCr
-1.25%-16.62%+238.44%+529.67% 5.38TCr
-1.16%-12.26%+175.47%+825.52% 3.9TCr
-3.93%-18.59%+49.57%+149.08% 2.71TCr
+1.22%-6.65%+81.51%+149.90% 2.37TCr
+0.39%-8.36%+98.22%+394.53% 2.09TCr
Average -1.28%-10.31%+119.21%+329.36% 5.46TCr
Weighted average by Cap. -0.59%-10.81%+139.11%+320.63%
Trader
Investor
Global
Quality
ESG MSCI
BBB
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
4
Last Close Price
3.150AUD
Average target price
5.250AUD
Spread / Average Target
+66.67%

Annual profits - Rate of surprise

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