• Analysts at Cormark Securities expect the Kiaka gold project of Australia-listed West African Resources to create long-term free cash flow generation

• Says Kiaka in West Africa will be a long-life, low-cost gold project for WAF

• Expects Kiaka to add over 200,000 oz per year to company's production profile, establishing WAF as a mid-tier gold producer

• Estimates average annual production for the company of 435,000 oz over the next nine years

• West African remains relatively cheap compared to other mid-tier producers with similar production profiles - brokerage

• Cormark has a "buy" recommendation on stock and A$3 PT

• Four of four analysts rate the stock "buy"; their median PT is A$2.83 – LSEG data

• Stock up 56.1% YTD

(Reporting by Rishav Chatterjee in Bengaluru)