West African Resources raises $2.1m through share placement

Gold developer West African Resources (WAF) has completed a capital raising of $2.1-million to accelerate the development of high-grade oxide mineralisation at the M1 and M3 prospect, at its 100%-owned Tanlouka gold project, in Burkina Faso. The capital-raising received support from major Australian mining contractor Ausdrill, which subscribed for $1-million under the placement.