Tamesis Partners initiates coverage on WIA Gold with a price target of A$0.40, praising the Kokoseb gold deposit in Namibia’s strong market. The project is viewed as a leading potential gold discovery, set to undergo further studies this year, with production expected by late 2028 or early 2029. WIA shares increased 9.4% recently and are up over 20% for the year.
Analysts at Tamesis Partners have initiated coverage of Australia’s WIA Gold, setting a price target of A$0.40. They emphasize the potential of the Kokoseb gold deposit in Namibia, noting it as a rapidly emerging investment in the context of record gold prices.
Tamesis identifies WIA’s project as one with the capability to be the top gold discovery in Namibia. The firm anticipates that the next move will involve a scoping study, which is expected to be conducted later this year. Following this stage, Tamesis expects WIA Gold to proceed directly to a Definitive Feasibility Study (DFS) and a Final Investment Decision (FID), with initial production slated for late 2028 or early 2029.
On the trading front, WIA shares closed 9.4% higher on Wednesday at A$0.175, contributing to an overall gain of over 20% year-to-date.
Tamesis Partners has begun coverage on WIA Gold, highlighting the promising Kokoseb gold deposit in Namibia amidst favorable gold prices. The company is progressing towards a scoping study and subsequent feasibility studies, preparing for production projected for late 2028 or early 2029, while shares demonstrate significant growth year-to-date.
Original Source: www.tradingview.com
