Tamesis Partners Initiates Coverage on WIA Gold, Highlights Namibian Project Potential

Tamesis Partners begins coverage on WIA Gold, setting a price target of A$0.40, citing its Kokoseb project in Namibia as a promising asset in the current gold market. The company plans to conduct a scoping study soon, aiming for initial production by late 2028 or early 2029. WIA’s stock has increased notably recently.

Tamesis Partners recently commenced coverage on Australia’s WIA Gold, assigning a price target of A$0.40. The analysts highlighted the Kokoseb gold deposit located in Namibia as a compelling investment opportunity amid the highest gold price environment to date. Tamesis indicated that WIA’s project has the potential to emerge as the leading gold discovery in Namibia.

Looking ahead, Tamesis mentioned that WIA plans to conduct a scoping study later this year, which will pave the way for the company to proceed directly to a Definitive Feasibility Study (DFS) and a Final Investment Decision (FID). Initial production is anticipated to begin in late 2028 or early 2029. On the market, WIA shares experienced a 9.4% increase on Wednesday, closing at A$0.175, and have already risen over 20% year-to-date.

In summary, Tamesis Partners’ initiation of coverage on WIA Gold underscores the potential of its Kokoseb gold deposit as a major asset in a favorable market. With planned studies set to advance development, WIA is positioned for growth, evidenced by recent stock performance. The outlook remains optimistic for initial production by late 2028 or early 2029, marking a significant phase for the company.

Original Source: www.tradingview.com