West African to acquire 100% of Tanlouka Permit West African to acquire 100% of Tanlouka Permit West African Resources Limited (ASX, TSXV: WAF) ("West African" or the "Company") is pleased to announce it has entered into an agreement to acquire the remaining 10% of the Tanlouka Permit, part of the Boulsa Project, Burkina Faso.

The acquisition will take West African to 100% ownership of the permit. The acquisition, which is conditional on completion of a positive feasibility study within 18 months, comprises the following consideration: US$50,000 on execution of the agreement Issue of 2,500,000 ordinary shares in West African Resources Ltd and payment of US$250,000 following completion of a positive feasibility study on the Tanlouka permit West African expects to develop significant corporate and scheduling benefits from having 100% control of the project.

The agreement adds certainty to potential project financiers for the future development of the Mankarga 5 deposit, part of the Tanlouka Permit. The Company has set a goal of being a +50,000oz per annum gold producer within two years, subject to study outcomes, via a low-cost heap leach starter project. Click here to view the full announcement
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