Wia to sell noncore Côte d’Ivoire gold permits to focus on Namibia project
ASX-listed Wia Gold has entered into a binding share sale agreement with fellow ASX-listed company Santa Fe Minerals to divest its interest in all of its noncore gold exploration permits in Côte d’Ivoire.
Under the terms of the agreement, Wia will sell 100% of the issued capital in its wholly owned subsidiary Glomin Services to Santa Fe for 20-million shares in Santa Fe and eight-million performance rights that convert to ordinary fully paid shares upon
achievement of certain milestones.
Glomin holds an 80% interest in the Dialakoro, Mankono, Ouest and issia permits that are under renewal, as well as seven other permits that are under application in Côte d’Ivoire.
Santa Fe holds prospective tenure in central Côte d’Ivoire where its flagship Satama gold project has shown encouraging drill results along a 2 km strike length. Santa Fe also holds 65% of the prospective Bouake North application in the country.
“We are delighted to have reached an agreement with Santa Fe for the divestment of Wia’s exploration permits in Côte d’Ivoire. This divestment is a strategic step that allows Wia to focus on the rapid exploration and development of the Kokoseb gold project, in Namibia, while retaining exposure to future upside in Côte d’Ivoire through an ongoing shareholding in Santa Fe.
"This acquisition compliments Santa Fe’s existing portfolio of assets in Côte d’Ivoire and we look forward to sharing in their future exploration success,” says Wia chairperson Josef El-Raghy.
Article Enquiry
Email Article
Save Article
Feedback
To advertise email advertising@creamermedia.co.za or click here
Research Reports
Projects
Latest Multimedia
Latest News
Showroom
REELIN is Currently the largest supplier of Bearings to Transnet. We have contracts to supply bearings, draft gears slackadjusters and other...
VISIT SHOWROOM
Design, Construction and Maintenance of Site Erected, Welded Bulk Storage Tanks for the Petrochemical, LNG, Ammonia and Sustainable fuel Sectors.
VISIT SHOWROOM
Press Office
Announcements
What's On
Subscribe to improve your user experience...
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?
Receive 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)
➕
Recieve 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
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
