Tamesis Partners has initiated coverage on Australia’s WIA Gold with a price target of A$0.40, citing the Kokoseb gold deposit in Namibia as a major asset. The firm expects a scoping study to be conducted this year, potentially leading to first production by late 2028 or early 2029. Following this news, WIA’s shares rose by 9.4% to A$0.175, marking a year-to-date increase of over 20%.
Tamesis Partners has commenced coverage on Australia’s WIA Gold (ASX: WIA) with a price target set at A$0.40. The analysts highlighted the Kokoseb gold deposit located in Namibia as a compelling investment opportunity amid the highest gold prices on record. This project is identified as a potential standout among the best gold discoveries within the country.
Looking ahead, Tamesis anticipates a scoping study to be completed later this year, which will position WIA Gold for advancement towards a definitive feasibility study (DFS) and final investment decision (FID). The firm projects the commencement of first production could occur by late 2028 or early 2029.
Following this announcement, WIA Gold’s shares experienced an increase of 9.4% on Wednesday, closing at A$0.175 and reflecting a year-to-date gain exceeding 20%.
In summary, Tamesis Partners has identified WIA Gold as a promising investment with a price target of A$0.40, emphasizing the significant potential of the Kokoseb gold deposit in Namibia. The scheduled scoping study and anticipated movement towards a DFS and FID signal a strategic growth path that could lead to production by 2029. WIA Gold’s positive market performance further underscores confidence in this opportunity.
Original Source: www.tradingview.com
