Despite a rocky 12 months for gold exposures, West African Resources (ASX: WAF) has taken significant steps towards production status

Despite a rocky 12 months for gold exposures, West African Resources (ASX: WAF) has taken significant steps towards production status. The company remains one of our most prospective emerging gold production plays. Over the past year the company has achieved the successful takeover of Canadian-listed Channel Resources, the procurement of a second-hand heap-leach plant to treat ore at its Mankarga 5 deposit, the release of encouraging Scoping Study results that underline project commerciality - and now a US$5 million convertible note facility that will allow the completion of a full Feasibility Study on the Mankarga 5 deposit. The company is very strongly placed as we enter 2015.


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Gavin Wendt
Founding Director
MineLife

Gavin has been a senior resources analyst following the mining and energy sectors for the past 25 years, working with Intersuisse and Fat Prophets. He is also the Executive Director, Mining & Metals with Independent Investment Research (IIR).

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