Tamesis Partners has started coverage on WIA Gold with a price target of A$0.40, highlighting the Kokoseb gold deposit in Namibia as a significant asset. The project is expected to progress towards production by late 2028 or early 2029. WIA shares recorded a 9.4% rise recently and over 20% growth year-to-date.
Analysts at Tamesis Partners have commenced coverage on WIA Gold, a Australian gold mining company, setting a price target of A$0.40. They emphasize that the Kokoseb gold deposit in Namibia presents a compelling investment opportunity amid record-high gold prices.
Tamesis views the gold project as a strong contender to become the premier gold discovery in Namibia. The company is set to undertake a scoping study later this year, with expectations to proceed into a definitive feasibility study (DFS) and final investment decision (FID) afterward, anticipating the onset of production by late 2028 or early 2029.
WIA Gold’s shares closed at A$0.175, reflecting a notable increase of 9.4% on Wednesday, and the company’s year-to-date performance shows a gain of over 20%.
Tamesis Partners has initiated coverage on WIA Gold, underscoring the potential of its Kokoseb gold deposit in Namibia. With a price target set at A$0.40, the project is viewed as a future leading gold discovery. The company’s planned development stages aim for production to commence by late 2028 or early 2029, supported by a positive market performance.
Original Source: www.tradingview.com
