Capital Signal

West African Resources Limited (ASX: WAF)

Sector: Materials

Market cap: A$3.8B (as of 2 Nov 2026)

Exploration for gold in Burkina Faso .

Data as of 2 Nov 2026.

Recent capital raises

DateTypeAmountPriceDiscountSource
4 July 2024Placement$150M$1.3713.8% discountFiling ↗
10 Feb 2022Placement$0.12M$1.25—Filing ↗
29 Nov 2021SPP$10M$1.25—Filing ↗

Substantial holders — latest moves

DateHolderMoveHoldingSource
13 Oct 2026BlackRock Group (BlackRock Inc. and subsidiaries)Entry?% → 5.09%Filing ↗
2 Oct 2026L1 Capital Pty Ltd and L1 Capital Strategic Equity Management Pty LtdExit—Filing ↗
30 Sept 2026Mitsubishi UFJ Financial Group, Inc.Exit—Filing ↗
29 Sept 2026First Sentier Investors Group LimitedExit—Filing ↗
25 Sept 2026First Sentier Investors Group LimitedEntry?% → 5.8%Filing ↗

Director trades — on-market

DateDirectorTradeSource
16 Sept 2026Elizabeth (Libby) MounseySold 125,283Filing ↗
29 June 2026RODNEY LLOYD LEONARDSold 139,700Filing ↗
27 Apr 2026RICHARD HYDESold 2,500,000Filing ↗
1 Dec 2025Lyndon George HopkinsSold 1,200,000Filing ↗
25 Oct 2024Elizabeth (Libby) MounseySold 14,000Filing ↗

Cash and runway

MetricValueAs ofSource
CashA$1.2B30 Sept 2026Filing ↗

Latest guidance

DatePeriodGuidanceSource
28 Oct 2026CY2026YTD 2026 we have produced 360,857 gold ounces at an AISC of US$1,725/oz and we are well on track to achieve 2026 guidance of 430,000-490,000 ounces at an AISC below US$1,900/oz.Filing ↗

Ask about WAF in Claude or ChatGPT

Add the Capital Signal connector at https://capitalsignal.io/api/mcp, then ask:

  • Has WAF raised money in the last year, and at what discount?
  • What was WAF's latest cash position and runway?

Setup guide for Claude, ChatGPT and other MCP clients →

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