West African Resources Limited (ASX:WAF, TXSV:WAF) has acquired the remaining 10% of the Tanlouka Permit in Burkina Faso, West Africa.
The combined cash and share deal allows West African 100% control of the permit. The gold-copper exploration company is saying there's still significant exploration potential on the permit.
The dual ASX and Toronto-listed company recently appointed Colin Jones as a non-executive director to the board and purchased a second hand heap leach plant at substantially below replacement cost.
The company plans to transition from a gold explorer to be producing gold in 2015.
West African Resources reported a net loss after tax of $7.2 million for the full year ending June 30, 2013.
