Wasa has been granted in participation with the government of Guinea Conakry a mining concession consisting of 70,000 hectares of land near Siguiri.

The concession geologically demonstrates a wealth of deposits in gold with the previous 2 operators yielding over 2 metric tons of gold per month.

Wasa is currently mining on the concession on a very limited scale. The first week yielded 2 kilograms of gold, thus confirming the government’s evaluation of the concession’s performance of the previous operators.

The current small-scale mining is producing yields in excess of 4 grams per ton using manual processes.

Mechanization of the mining process can result in significant cost reductions, higher productivity, and thus higher levels of profitability.