West African Resources gets key approvals for Toega and Sanbrado mining projects in Burkina Faso
West African Resources Limited (ASX: “WAF”), an unhedged gold mining company, has announced significant advancements in its operations in Burkina Faso, underscoring its commitment to sustainable mining practices. The company’s recent developments include the approval of the Toega mining permit application and the renewal of the Sanbrado mining permit, marking critical milestones in West African Resources’ strategic expansion and responsible resource management in the region.
On March 20, 2024, the Burkina Faso Council of Ministers recommended the issuance of a mining permit for the Toega gold deposit, a pivotal move enabling the commencement of mining operations. This permit, crucial for the Toega open pit gold deposit’s development, follows the Environmental Permit issued in 2023, highlighting the company’s adherence to Burkina Faso’s Mining Code and environmental regulations.
The Toega gold deposit, with significant gold resources and reserves, is poised to supply ore to the Sanbrado process plant for eight years, starting in 2025. This development not only showcases West African Resources’ capability to effectively manage and expand its mining operations but also its commitment to environmental stewardship and sustainable practices.
Furthermore, the renewal of the Sanbrado mining permit for an additional five years reflects the project’s continued success and its pivotal role in Burkina Faso’s gold production landscape. With an anticipated increase in gold output in the coming years, the Sanbrado project represents a cornerstone of West African Resources’ strategy to double its annual gold production, aiming to surpass 400,000 ounces per year by 2025.
Richard Hyde, West African Executive Chairman and CEO, emphasized the company’s effective and sustainable operations in Burkina Faso. Hyde’s comments reflect a strong forward-looking perspective, highlighting the anticipated benefits to local communities and the broader economic landscape.
These developments underline West African Resources Limited’s commitment to responsible mining practices, environmental conservation, and the socio-economic development of Burkina Faso. As the company moves forward with its plans for the Toega and Sanbrado projects, it sets a benchmark for sustainable resource development in the gold mining industry.