Wia Gold Limited has announced a significant update to its Kokoseb Gold Project in Namibia with an uplift of 38% in its Mineral Resource Estimate to 2.93 million ounces of gold. The new estimate, based on 89 million tonnes averaging 1.0 g/t gold at a 0.50 g/t cut‐off, now includes 1.81 million ounces in the higher confidence Indicated category, representing about 62% of the total resource. Notably, the resource contains a higher grade component of 46 million tonnes averaging 1.4 g/t when assessed at a 0.80 g/t cut-off, which equates to approximately 2.07 million ounces of gold. The updated figures are derived from an extensive drilling campaign that has involved over 121,000 metres of combined RC and diamond drilling along with trench sampling, and the estimates have been optimized using an open pit design based on a gold price of US$2,300 per ounce and an assumed metallurgical recovery of 92%. The technical report outlines the robust progress at Kokoseb, highlighting increased average gold grades (1.04 g/t in the Indicated category at the 0.50 g/t cut-off) and the identification of new shallow high-grade ounces near key drill targets. Ongoing drilling with multiple rigs is extending the known mineralization along strike and at depth. This strong drilling performance supports plans to integrate the updated resource into an upcoming Scoping Study and later a Definitive Feasibility Study planned for mid-2026. Coupled with favorable infrastructure, the project is well positioned within a politically stable and mining-friendly jurisdiction, with the deposit lying in an area that has witnessed steady growth since its discovery. The market reaction to these developments can be seen from two perspectives. On the bullish side, the notable increase in contained gold and the substantial upgrade to the higher confidence resource category are encouraging signs for future project economics. The continued drilling success, improved grade performance, and the clear potential for further upside through infill and depth extension drilling all suggest a strong development trajectory. In addition, the robust metallurgical test results and optimized pit shell parameters indicate that the Kokoseb project could evolve into a low-cost, long-life open pit gold mining operation, providing long-term value for investors. Conversely, from a bearish viewpoint, the project is still in the exploration and scoping stage, and the upgraded resource estimate, while impressive, remains subject to further validation through upcoming studies and permitting processes. Risks related to commodity price fluctuations, the sizable capital requirements required for mine development, and the inherent uncertainties in converting inferred resources into production-grade reserves may temper the enthusiasm among cautious investors. Overall, investors will closely monitor the upcoming Scoping Study outputs and DFS results to gauge the commercial viability of the project and its potential timeline to production.