https://www.engineeringnews.co.za

West African raises cash

26th March 2014

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

  

Font size: - +

PERTH (miningweekly.com) – Dual-listed junior West African Resources has completed a A$3-million capital raising to fund drilling and scoping studies for its heap leach project in Burkina Faso.

The ASX- and TSX-listed company had issued some 23.1-million shares, at 13c each, to raise the funds.

MD Richard Hyde said on Wednesday that the company was “delighted” with the continued support from its existing shareholders, as well as the confidence shown by new investors joining the register.

West African was hoping to deliver a resource upgrade at its Mankarga 5 project by the end of this quarter, and to complete a scoping study by the first half of the year.

The scoping study would have a direct focus on a low-cost heap leach starter project, targeting near-term cash-flow for the company from Mankarga 5, as well as nearby prospects.

Edited by Creamer Media Reporter

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

Axiom Hydraulics
Axiom Hydraulics

Axiom Hydraulics is a trusted leader in South Africa’s hydraulic industry, delivering world-class components, systems, and engineering expertise...

VISIT SHOWROOM 
MBE Minerals SA (Pty) Ltd
MBE Minerals SA (Pty) Ltd

Your global lifecycle technology & service partner for materials & minerals processing equipment for coal, iron ore, copper, manganese & other...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







301

sq:0.054 1.055s - 140pq - 2rq
Subscribe Now