WAF responds to recent media on Government interest in Kiaka
West African Resources Limited (‘WAF’, ASX:WAF) notes the recent media that has followed the
publication of the minutes of the meeting of the Council of Ministers of the Burkina Faso
Government held on 19 February 2026. These minutes record the consideration given by the Council
of Ministers to a draft decree to authorise the Government to acquire an additional 25% equity stake
in the capital of Kiaka SA. The law in Burkina Faso requires an authorisation by decree, before the
Government may acquire an additional paid equity stake in the capital of an existing industrial mining
company such as Kiaka SA.
cont.
