West African Resources (ASX:WAF) confirmed that it is under ongoing discussions with the Burkina Faso Government for a proposed 25% stake increase in its Kiaka operations, according to a Monday Australian bourse filing.
According to the company's website, the government currently owns 15% interest in the Kiaka Gold Operations.
The government has also expressed interest in working with WAF on new mining projects, according to the filing.
WAF confirmed that its other mines, Sanbrado Mine and Toega Mine, are not involved in these discussions.