Tamesis Partners has begun coverage on WIA Gold, assigning a price target of A$0.40. They highlight WIA’s Kokoseb gold deposit as a potentially major asset in Namibia, with a scoping study planned later this year. WIA shares increased by 9.4% Wednesday, reflecting strong market performance.
Tamesis Partners has commenced its coverage of Australia’s WIA Gold, setting a price target of A$0.40. The firm has identified WIA’s Kokoseb gold deposit in Namibia as a compelling investment opportunity, particularly in the context of the highest gold prices experienced to date. Tamesis regards this project as potentially the most significant gold discovery in Namibia.
The next phase for WIA Gold will involve a scoping study anticipated later this year, with expectations for the company to advance towards a Definitive Feasibility Study (DFS) and Final Investment Decision (FID). Initial production is projected to begin between late 2028 and early 2029. Following this report, WIA’s shares rose 9.4% on Wednesday, reaching A$0.175, and have shown an increase exceeding 20% year-to-date.
In summary, Tamesis Partners has initiated coverage of WIA Gold, showcasing optimism regarding its Kokoseb gold deposit in Namibia amid favorable gold market circumstances. The forthcoming scoping study and subsequent phases are set to establish the project’s potential viability, with a promising outlook for initial production in late 2028 or early 2029.
Original Source: www.tradingview.com
