Tamesis Partners Announces Coverage on WIA Gold, Highlights Kokoseb Project as Key Asset
Tamesis Partners has begun coverage of WIA Gold with a target price of A$0.40, emphasizing the Kokoseb gold deposit in Namibia as a key asset. Anticipating a scoping study this year, the company aims for production by late 2028 or early 2029. WIA shares have increased 9.4% recently and over 20% this year.
Analysts at Tamesis Partners have officially begun coverage of Australia’s WIA Gold, assigning a price target of A$0.40. They emphasize the significance of WIA’s Kokoseb gold deposit in Namibia, noting it as a rapidly evolving investment opportunity amidst the highest gold price environment in history.
The brokerage views this gold project as a potentially leading discovery in Namibia, possessing the capability to become the country’s premier gold asset. Looking ahead, Tamesis outlined the next steps, which include a scoping study slated for later in the year, followed by a definitive feasibility study (DFS) and construction decision (FID), with initial production anticipated in late 2028 or early 2029.
On the trading front, WIA Gold shares experienced a notable increase, closing 9.4% higher at A$0.175 on Wednesday and marking a year-to-date gain exceeding 20%. These developments signify WIA Gold’s positive momentum as it charts the path toward production.
Tamesis Partners has initiated coverage of WIA Gold with a target price, highlighting the potential of the Kokoseb gold deposit in Namibia. With a promising future that includes upcoming feasibility studies and projected production timelines, WIA Gold is positioned favorably in a robust gold market. The company’s recent performance shows positive investor sentiment, contributing to its growth trajectory.
Original Source: www.tradingview.com
