West African Resources' Burkina Faso Project Offers Compelling Value, Euroz Hartleys Says

MT Newswires Live
2025/05/23

West African Resources' (ASX:WAF) Sanbrado gold operations in Burkina Faso offered compelling value, even after factoring in a discount for country risk, according to a Thursday note by Euroz Hartleys.

On Wednesday, the company said diamond drilling at the operations delivered wide zones of high-grade gold mineralization and confirmed that the project's underground operations at the M1 South prospect will continue to be a high-margin long-life asset.

The drilling results included 44 meters at 25.8 grams per tonne grade of gold, 44.5 meters at 17.1 g/t gold, and 38.5 meters at 17.4 g/t gold, the company added.

A $25 million plant upgrade, set to take 18 months, could lift gold output to 250,000 ounces of gold per year to 300,000 ounces, supporting the company's goal of reaching 500,000 ounces annually ahead of its 2030 target, Euroz noted.

Euroz maintained the company's buy rating and its AU$4.10 price target.

免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。

熱議股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10