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West African Resources Ltd.

Published : February 19th, 2014

Acquires Heap Leach Plant Targeting Gold Production 2015

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Keywords :   Burkina Faso | Ghana | Gold | Gold Production |
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West African Acquires Heap Leach Plant Targeting Gold Production 2015

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  • Purchase of a second-hand heap leach plant for the Mankarga 5 gold project at substantially below replacement cost.
  • Plant package includes primary and secondary crushers, agglomerator, conveyor and radial stacker. Also substantial electrics, pumps, spare parts and ancillary equipment.
  • Plant to support an expected initial plant throughput rate of 1..6Mtpa (subject to study results).
  • Expected delivery into Burkina Faso in second quarter calendar 2014.
  •  Low risk transition from explorer to producer.
  • Targeting gold production from Mankarga 5 in 2015.

West African Resources Limited (ASX, TSXV: WAF) is pleased to announce that it has entered into an agreement to acquire a second-hand 1.6Mtpa heap leach plant for the Boulsa Project, in Burkina Faso.

West African�s Managing Director Richard Hyde said: �We are targeting gold production fromMankarga 5 in 2015 at a low cost by utilising second-hand equipment where possible.

�The plant is currently located nearby in Ghana, within trucking distance (850km) to the Boulsa Project. The key components of the plant including crushers, agglomerator and conveyors are in good condition and require only minor refurbishment.

�The heap leach plant provides the potential for us to fast-track the recently acquired Mankarga 5 deposit into production with an initial production target of 1.6Mtpa to achieve initial production of at least 50,000oz of gold per annum, subject to study outcomes.

�We remain on track to deliver a resource upgrade for Mankarga 5 by the end of this quarter, with the completion of a Preliminary Economic Assessment and Scoping Study in the first half of calendar 2014.�

Click here to view the full announcement

www.westafricanresources.com

Data and Statistics for these countries : Burkina Faso | Ghana | All
Gold and Silver Prices for these countries : Burkina Faso | Ghana | All

West African Resources Ltd.

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CODE : WAF.AX
ISIN : AU000000WAF6
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West African Resources is a exploration company based in Australia.

Its main exploration properties are MARANDET in Niger and BOULSA in Burkina Faso.

West African Resources is listed in Australia. Its market capitalisation is AU$ 484.2 millions as of today (US$ 349.5 millions, € 306.2 millions).

Its stock quote reached its lowest recent point on February 26, 2016 at AU$ 0.05, and its highest recent level on October 16, 2020 at AU$ 1.23.

West African Resources has 484 249 984 shares outstanding.

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In the News and Medias of West African Resources Ltd.
7/25/2016in The Australian
Financings of West African Resources Ltd.
8/18/2016Issue of securities
8/18/2016ISSUE OF SECURITIES WITHOUT A DISCLOSURE DOCUMENT
3/25/2011$7 Million Capital RaisingUser-Agent: ExpressionEngine 1.6.9
Nominations of West African Resources Ltd.
2/28/2014Appointment of Colin Jones as Non-Executive Director
Financials of West African Resources Ltd.
10/31/2016Quarterly Activities and Cashflow Report
7/29/2016June 2016 Quarterly Activities Report
5/2/2016March 2016 Quarterly Activities Report
2/14/2016December 2015 Quarter Interim Financial Report
Project news of West African Resources Ltd.
9/14/2016hits 10m at 18.33g/t Au including 1m at 165.14g/t at M1 Sout...
8/1/2016(Tanlouka)Upgrades Mineral Resources as at Tanlouka
2/1/2016West African hits 19m at 1.9g/t Au from 40m, including 3m at...
10/15/2015West African commences drilling at M3 gold discovery
8/16/2015New gold zone returns up to 13g/t Au in auger drilling
6/18/2015Outstanding results at Mankarga 1 prospect – Up to 4g/t Au i...
2/19/2014Acquires Heap Leach Plant Targeting Gold Production 2015
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12/13/2013Channel Receives Final Court Approval for Arrangement With W...
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Corporate news of West African Resources Ltd.
7/31/2017June 2017 Quarterly Activities and Cashflow Report
8/25/2016West African Resources Repays US$5m Loan Facility
8/1/2016West African Upgrades Mineral Resources as at Tanlouka
7/27/2016West African hits 41m at 2.2 g/t Au including 8m at 5.7 g/t ...
7/20/2016Clarus Securities initiates coverage on West African Resourc...
7/17/2016West African hits 1107g/t Au at M1 South
6/16/2016West African hits visible gold at 175m, confirms depth poten...
5/13/2016March 2016 Quarter Interim Financial Report
5/13/2016March 2016 Quarter Management Discussion & Analysis
5/11/2016West African hits 14m at 8.7g/t Au from 75m including 1m at ...
5/5/2016West African hits 6m at 9.2g/t Au from 15m at M1 South
4/26/2016Notice of General Meeting/Proxy Form
4/26/2016Section 708 Notice
4/20/2016West African hits 9m at 9.7g/t Au from 112m, including 1m at...
4/13/2016Trading Halt
4/5/2016West African hits 96.3g/t Au at M1 North
12/23/2015Becoming a substantial holder for WAF
12/21/2015Preliminary metallurgical recoveries average 97.5% at M1 and...
12/14/201515m at 1.2g/t Au including 7m at 2.2g/t Au from 4m at M3
9/30/2015Management Discussion & Analysis
9/30/2015Annual Report
9/18/2015Company Update
9/1/2015Final Director’s Interest Notice x 2
7/31/2015June Quarterly Activities Report
6/17/2015West African extends M5 by 1.5km, up to 0.63g/t Au in Auger
10/6/2014West African Resources Limited 72m at 2.2 g/t Au Including 7...
8/19/2014West African Resources Limited 15m at 5.9 g/t Au including 5...
8/12/2014West African Resources Limited Finds Extension of Mankarga 5...
8/6/2014West African Resources Limited West African Oxide Drilling 2...
12/6/2013Acquisition by West African Resources Approved
8/14/2013Letter of Intent for the Acquisition of Channel Resources by...
10/9/2012Hartleys initiates coverage on West African Resources (ASX: ...
7/29/2011June 2011 Quarterly ReportUser-Agent: ExpressionEngine 1.6.9
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1/31/2011December 2010 Quarterly ReportUser-Agent: ExpressionEngine 1...
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