December 2016 Quarterly Report

Scarborough , Australia (FSCwire) - West African Resources Limited (ASX, TSX-V: WAF) is pleased to report activities on its 100%-owned gold and copper-gold projects in Burkina Faso, West Africa, for the quarter ending 31 December 2016.

Highlights

Sanbrado Gold Project (formerly Tanlouka Gold Project)

Mining Permit Approved

• Burkina Faso Government’s Council of Ministers approves WAF’s mining permit application for the Sanbrado Gold Project (post quarter end)

• Environmental and Social Impact Assessment receives government approval

• Definitive Feasibility Study on track for delivery in Q1 2017

• Construction to begin in late 2017

M1 South

Further high-grade results received from M1 South including:

• 5m at 30.28 g/t Au and 14m at 11.82 g/t Au from 216m

• 14m at 11.82 g/t Au from 224m, including 1m at 131.80 g/t Au
• 9m at 93.55 g/t Au from 183m including 2m at 282.61g/t Au, confirming the high-grade tenor of the southernmost high-grade shoot at M1

• 11m at 7.43 g/t Au from 279m and 10m at 4.93 g/t Au from 293m, representing discovery of a new zone of deeper mineralisation at M1

Drilling Completed for Feasibility Study resource update

• Results from M1, M3 and M5 will update existing estimates, due for completion in Q1 2017

• Mineralisation discovered during the quarter to be included in estimate.

Key  Management Appointments

• Lyndon Hopkins appointed Chief Operating Officer

• Joanne Thompson appointed Sustainability  Manager.

Corporate

• $18.5m cash at bank and no debt at 31 December 2016

December 2016 Quarter Summary

• 9,261m drilled

• $2.71m Exploration and Development Expenditure

• $0.6m Administration Costs

March 2017 Quarter Plans

• Updated mineral resource estimate

• Release of Open Pit Definitive Feasibility Study for Sanbrado Gold Project

• Commencement of Underground Mining Study for M1 South

Click here for the full Quarterly Activities Report

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