Tamesis Partners has begun coverage on WIA Gold, targeting a price of A$0.40. The Kokoseb gold deposit in Namibia is viewed as a major asset, with potential to be the leading gold discovery in the country. Upcoming steps include a scoping study, DFS, and anticipated production starting in late 2028 or early 2029. WIA shares rose 9.4% recently and are up over 20% year-to-date.
Analysts at Tamesis Partners have commenced coverage of Australia’s WIA Gold with a target price set at A$0.40. They highlighted the potential of the Kokoseb gold deposit in Namibia, noting it as a rapidly developing investment opportunity in the current robust gold market. Tamesis emphasized that this gold project could represent the most significant discovery in Namibia.
The next phase for WIA Gold involves conducting a scoping study later this year. Following this study, the expectation is for the company to proceed directly to a Definitive Feasibility Study (DFS) and a Final Investment Decision (FID). First production from the project is anticipated to commence by late 2028 or early 2029, according to Tamesis Partners.
On the market, WIA Gold saw a commendable rise, closing 9.4% higher at A$0.175 on Wednesday and has increased over 20% year-to-date, reflecting positive sentiments regarding its development and prospects in the gold sector.
In conclusion, Tamesis Partners’ initiation of coverage on WIA Gold underscores the promising potential of its Kokoseb gold deposit in Namibia within the thriving gold market. The planned scoping study and subsequent DFS may pave the way for significant growth and the possibility of establishing a leading gold asset in the region. Investors are encouraged by the notable performance of WIA in the market, reflecting a strong upward trend.
Original Source: www.tradingview.com
