Wia Gold Limited has begun formal project financing discussions for its 2.93-million-ounce Kokoseb Gold Project in Namibia, with the target of completing its definitive feasibility study in the second half of 2026.
The company said it held introductory meetings with a range of potential finance providers during the March quarter, signalling a shift from exploration and study work toward funding and execution planning.
At the same time, the definitive feasibility study (DFS), based on an open-pit mining concept, remains on schedule for completion later this year, with key technical workstreams progressing across mining, metallurgy, infrastructure and power supply.
Wia reported significant high-grade drilling results that continue to confirm the scale and continuity of mineralisation at Kokoseb, supporting the potential for future underground mining alongside the planned open-pit operation.
Recent results include intercepts such as 10.8 metres at 5.16 grams per tonne gold and 20.7 metres at 5.77 grams per tonne gold, with multiple high-grade zones extending hundreds of metres below the current pit design.
The company said both the Southern and Central zones remain open at depth, with drilling continuing to define underground resource potential ahead of the DFS.
In a key regulatory step, Wia confirmed it submitted its Environmental and Social Impact Assessment (ESIA) and Environmental and Social Management Plan (ESMP) to the Ministry of Industries, Mines and Energy and the Ministry of Environment, Forestry and Tourism on 19 March 2026.
The mining licence application, submitted in October 2025, is also progressing through the approval process.
The company said NamPower has been notified to proceed with a formal supply offer for a 132kV grid connection from the Omburu substation near Omaruru, while studies on water supply options and site infrastructure continue.
Design work on the process plant and tailings storage facility is also advancing, with a staged tailings approach expected to reduce upfront capital requirements.
