Versamet Royalties Corp
For the period ended Dec 31, 2025. Filed Mar 31, 2026.
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Dec 31, 2025 · Filed Mar 31, 2026
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EX-99.1 · Project Development
Project Development
In mid-2022, WAF commenced early works at Kiaka. During 2023, construction of the main camp was completed, the security buildings and main entrance gates were erected, earthworks for key areas of the primary crusher, reclaim, mills, and CIL were handed over to the EPCM contractor (Lycopodium), and the first concrete pour was completed.
During 2024, construction of Kiaka continued to progress on schedule and on budget. By end of 2024 all major process equipment was delivered to site, major concrete pours were complete, mills were installed, settlement testing of the carbon-in-leach tanks was successful, structural steel erection was well progressed, most conveyor modules were installed, mechanical equipment installation was advancing well and electrical and instrumentation installation had commenced.
On June 26, 2025, Kiaka poured first gold and commenced ramp up.
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