New Risk • Apr 10
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: AU$28.3m (US$20.0m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 14% per year over the past 5 years. Shareholders have been substantially diluted in the past year (66% increase in shares outstanding). Revenue is less than US$1m (AU$122k revenue, or US$86k). Minor Risks Significant insider selling over the past 3 months (AU$314k sold). Market cap is less than US$100m (AU$28.3m market cap, or US$20.0m). New Risk • Mar 08
New minor risk - Insider selling There has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: AU$365k This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 12% per year over the past 5 years. Shareholders have been substantially diluted in the past year (65% increase in shares outstanding). Revenue is less than US$1m (AU$45k revenue, or US$32k). Minor Risk Significant insider selling over the past 3 months (AU$365k sold). Recent Insider Transactions • Mar 08
MD, CEO & Director recently sold AU$314k worth of stock On the 4th of March, Roelof Deysel sold around 4m shares on-market at roughly AU$0.084 per share. This transaction amounted to 23% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Roelof's only on-market trade for the last 12 months. Recent Insider Transactions Derivative • Feb 20
Non-Executive Director exercised options to buy AU$158k worth of stock. On the 19th of February, Keith William Middleton exercised options to buy 2m shares at a strike price of around AU$0.045, costing a total of AU$90k. This transaction amounted to 29% of their direct individual holding at the time of the trade. Since September 2025, Keith William's direct individual holding has increased from 1.80m shares to 7.00m. Company insiders have collectively bought AU$178k more than they sold, via options and on-market transactions, in the last 12 months. Ankündigung • Jan 20
West Wits Mining Limited has completed a Follow-on Equity Offering in the amount of AUD 37.5 million. West Wits Mining Limited has completed a Follow-on Equity Offering in the amount of AUD 37.5 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 343,750,000
Price\Range: AUD 0.08
Discount Per Security: AUD 0.0048
Security Features: Attached Options
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 125,000,000
Price\Range: AUD 0.08
Discount Per Security: AUD 0.0048
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing Recent Insider Transactions Derivative • Dec 31
Non-Executive Director exercised options to buy AU$156k worth of stock. On the 24th of December, Keith William Middleton exercised options to buy 2m shares at a strike price of around AU$0.035, costing a total of AU$70k. This transaction amounted to 200% of their direct individual holding at the time of the trade. Since September 2025, Keith William's direct individual holding has increased from 1.80m shares to 3.00m. Company insiders have collectively bought AU$88k more than they sold, via options and on-market transactions, in the last 12 months. Recent Insider Transactions • Dec 31
Non-Executive Director recently sold AU$51k worth of stock On the 23rd of December, Keith William Middleton sold around 800k shares on-market at roughly AU$0.064 per share. This transaction amounted to 21% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of AU$36k more than they bought in the last 12 months. New Risk • Sep 28
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 10% per year over the past 5 years. Shareholders have been substantially diluted in the past year (50% increase in shares outstanding). Revenue is less than US$1m (AU$33k revenue, or US$22k). Minor Risks Latest financial reports are more than 6 months old (reported December 2024 fiscal period end). Share price has been volatile over the past 3 months (15% average weekly change). Ankündigung • Sep 26
West Wits Mining Limited, Annual General Meeting, Nov 20, 2025 West Wits Mining Limited, Annual General Meeting, Nov 20, 2025. Ankündigung • Sep 15
West Wits Mining Limited has completed a Follow-on Equity Offering in the amount of AUD 17.5 million. West Wits Mining Limited has completed a Follow-on Equity Offering in the amount of AUD 17.5 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 437,500,000
Price\Range: AUD 0.04
Discount Per Security: AUD 0.0032
Transaction Features: Subsequent Direct Listing Ankündigung • Sep 08
West Wits Mining Limited announced that it has received AUD 19 million in funding West Wits Mining Limited announced that it has received AUD$19 million ($12.5 million) in a funding round from new lender, Nebari Natural Resources Credit Fund I LP managed by Nebari Partners LLC on September 8, 2025. The company has issued loan facility in the transaction. The company may receive an additional funding of AUD$34.5 million ($22.5 million) in two tranches. New Risk • Aug 05
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 30% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 10% per year over the past 5 years. Shareholders have been substantially diluted in the past year (30% increase in shares outstanding). Revenue is less than US$1m (AU$33k revenue, or US$21k). Minor Risks Share price has been volatile over the past 3 months (14% average weekly change). Market cap is less than US$100m (AU$79.4m market cap, or US$51.2m). New Risk • Jul 02
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 29% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 10% per year over the past 5 years. Revenue is less than US$1m (AU$33k revenue, or US$22k). Minor Risks Share price has been volatile over the past 3 months (14% average weekly change). Shareholders have been diluted in the past year (29% increase in shares outstanding). Market cap is less than US$100m (AU$69.0m market cap, or US$45.3m). New Risk • Jun 19
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 13% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 10% per year over the past 5 years. Revenue is less than US$1m (AU$33k revenue, or US$21k). Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Market cap is less than US$100m (AU$57.8m market cap, or US$37.5m). Ankündigung • Apr 03
West Wits Mining Limited to Review Mine Plan Amid Gold Price Increase West Wits Mining Limited has been motivated by the recent strengthening of gold prices to commence a strategic review of its plans for the entirety of the Witwatersrand Basin Project in South Africa. The strategic review is in addition to and complementary to the Company's continuing priority to progress the finalisation of funding to commence operations at Qala Shallows in accordance with its prior disclosures. This strategic review will involve reassessing key project assumptions of the Qala Shallows Mine Plan and related projects across the entire WBP. The Company is of the view that a strategic reassessment is warranted given the sustained increase in the gold price, which now exceeds USD 3,000 per ounce, and materially exceeds the gold price assumptions used when the original plans were finalised. The outcome of this strategic review will assist the Company in setting its vision, plans and key goals for the WBP over the next 3 to 5 years. Under this initiative, several key project development areas within the WBP will be revisited to assess their potential under current economic parameters. Further details are set out below. The Qala Shallows Life-of-Mine plan and budget were last updated in July 2023 by independent mining engineers Bara Consulting as part of the Definitive Feasibility Study. The review of the LOM will focus on evaluating lower cut-off grades and previously excluded mining blocks, which may now be potentially more viable under the current gold price environment. Unlocking these zones could increase the Ore Reserve base and support an accelerated production ramp-up, to enhance project economics. MINING ON THE Other REEFS. The WBP comprises three distinct reef mining targets, each slated for sequential development: the Kimberley Reef (where Qala Shallows is located), Main Reef, and Bird Reef. The WBP's Main Reef project targets high-grade gold remnants located approximately 800 metres north of the Bird Reef. The orebody is accessible via existing infrastructure, requiring a minimal surface mining footprint and offering a low environmental impact. Historically, parts of the Main Reef were excluded from planned development due to economic thresholds. The Directors confirm that it is reasonable to include these inferred mineral resources in the well-understanding and researched structure of the Witwatersrand Basin and the views provided to WWI by independent geological expert consultants, given the project's lo cation and geology. Based on these results, West Wits initiated additional studies to identify and address the engineering and operational requirements necessary to achieve a significant increase in production. This led to the conceptualisation of Project 200, which targets aspirational production of 200,000 oz per annum. West Wits is undertaking these reviews with a focus on unlocking additional value for shareholders from the WBP in the current higher gold price environment. Results of this work when released have the potential to increase clarity for the Company and the investor market around the longer-term vision and plans to maximise realisable value from the WBP. In parallel, and subject to funding progress, the Company continues to evaluate its forward exploration and feasibility strategies to ensure its development pipeline remains robust and aligned with long-term growth objectives. Independently of these initiatives, the Company is steadfastly progressing its plans to commence operations at its Qala Shallows gold project. The Company continues making positive progress for finalising funding to commence operations at its QAL Shallows gold project. Updates on the progress of funding will be provided as and when available. In the meantime the Company has secured interim loan funding of USD 550,000 at 10% interest per annum (capitalising) to provide ongoing working capital pending finalisation of the Qala Shallows funding package. It holds the world's largest known gold reserves and has produced over 1.5 billion ounces (over 40,000 metric tons), representing about 22% of all the gold accounted for above the surface. In Western Australia, WWI is exploring gold and copper at the Mt Cecilia Project in a district that supports several world-class projects such as Woodie manganese mine, Nifty copper and Telfer gold/copper/silver mines. New Risk • Mar 13
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -AU$3.6m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$3.6m free cash flow). Share price has been highly volatile over the past 3 months (18% average weekly change). Earnings have declined by 10% per year over the past 5 years. Revenue is less than US$1m (AU$33k revenue, or US$21k). Minor Risk Market cap is less than US$100m (AU$40.7m market cap, or US$25.7m). New Risk • Feb 11
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Australian stocks, typically moving 16% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (16% average weekly change). Earnings have declined by 26% per year over the past 5 years. Revenue is less than US$1m (AU$28k revenue, or US$18k). Minor Risk Market cap is less than US$100m (AU$43.2m market cap, or US$27.1m). Ankündigung • Oct 23
West Wits Mining Limited, Annual General Meeting, Nov 25, 2024 West Wits Mining Limited, Annual General Meeting, Nov 25, 2024. Location: offices of william buck, level 20, 181 william street, melbourne vic 3000 Australia Ankündigung • Aug 26
West Wits Mining Limited announced that it has received $1.5 million in funding West Wits Mining Limited announced a private placement that it has issued a convertible note to existing and new unrelated sophisticated and professional investors for the gross proceeds of $1,500,000 on August 26, 2024. The issue of convertible notes is subject to shareholder approval which the Company intends to seek at an EGM anticipated to be held in early October 2024. The Company will receive the subscription funds for the convertible notes from investors on or around 29 August 2024 as a loan pending receipt of shareholder approval. Each convertible note has an issue price and face value of $25,000. The convertible notes have a conversion price of $0.02 until January 17, 2025 and thereafter have a conversion price of the lesser of $0.02 or a 20% discount to the 15-day VWAP of WWI shares at that time. New Risk • Mar 13
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -AU$3.4m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$3.4m free cash flow). Earnings have declined by 42% per year over the past 5 years. Revenue is less than US$1m (AU$87k revenue, or US$58k). Minor Risks Share price has been volatile over the past 3 months (17% average weekly change). Shareholders have been diluted in the past year (13% increase in shares outstanding). Market cap is less than US$100m (AU$38.9m market cap, or US$25.7m). New Risk • Feb 13
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Australian stocks, typically moving 17% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (17% average weekly change). Earnings have declined by 47% per year over the past 5 years. Revenue is less than US$1m (AU$66k revenue, or US$43k). Minor Risks Shareholders have been diluted in the past year (19% increase in shares outstanding). Market cap is less than US$100m (AU$29.2m market cap, or US$19.0m). Ankündigung • Jan 15
West Wits Mining Limited Announces Resignation of Peter O'Malley as Non-Executive Director West Wits Mining Limited advised that Peter O'Malley has resigned as a Non-Executive Director of the Company. Mr. O'Malley was appointed in connection with the initial investment of Wingfield Durban Deep LP (Wingfield) in the Company in early 2020. Mr. O'Malley has an ongoing affiliation with Wingfield, and has resigned to avoid any potential perceived conflict of interest in his role as a Non-Executive Director of the Company. In that regard, the Company is continuing to progress its plans for funding the Witwatersrand Basin Project (WBP) which include further potential investment by Wingfield. Date that director ceased to be director: 15 January 2024. Ankündigung • Nov 03
West Wits Mining Limited has completed a Follow-on Equity Offering in the amount of AUD 1.2 million. West Wits Mining Limited has completed a Follow-on Equity Offering in the amount of AUD 1.2 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 109,090,909
Price\Range: AUD 0.011
Transaction Features: Subsequent Direct Listing Ankündigung • Sep 30
West Wits Mining Limited, Annual General Meeting, Nov 23, 2023 West Wits Mining Limited, Annual General Meeting, Nov 23, 2023. New Risk • Sep 26
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2022. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$11m free cash flow). Share price has been highly volatile over the past 3 months (25% average weekly change). Earnings have declined by 55% per year over the past 5 years. Revenue is less than US$1m (AU$63k revenue, or US$40k). Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Shareholders have been diluted in the past year (17% increase in shares outstanding). Market cap is less than US$100m (AU$32.8m market cap, or US$21.0m). New Risk • Sep 10
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2022. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$11m free cash flow). Share price has been highly volatile over the past 3 months (26% average weekly change). Earnings have declined by 55% per year over the past 5 years. Revenue is less than US$1m (AU$63k revenue, or US$40k). Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Shareholders have been diluted in the past year (15% increase in shares outstanding). Market cap is less than US$100m (AU$32.5m market cap, or US$20.7m). New Risk • Jul 12
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Australian stocks, typically moving 26% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$11m free cash flow). Share price has been highly volatile over the past 3 months (26% average weekly change). Earnings have declined by 55% per year over the past 5 years. Revenue is less than US$1m (AU$63k revenue, or US$42k). Minor Risks Shareholders have been diluted in the past year (20% increase in shares outstanding). Market cap is less than US$100m (AU$47.1m market cap, or US$31.7m). Ankündigung • Jul 11
West Wits Mining Limited Announces Board and Management Changes West Wits Mining Limited provided the following update on its management and board. Jac van Heerden will transition from Managing Director of WWI to non-executive director, effective 31 July 2023. Jac is relinquishing his executive role at WWI to take up a position as General Manager of a new and substantial Copper, Zinc and Gold project in East Africa. The appointment represents a significant career opportunity for Jac and validates the high regard in which he is held by the industry. WWI has been fortunate to have a professional of Jac's skill and reputation to plan the development of its Witwatersrand Basin Project. The company is delighted that he will remain engaged in Company as a non-executive director as the company advance South African Gold projects. Following Jac's move, Rudi Deysel will assume the role of Chief Operating Officer and Country Manager (RSA). Rudi has worked closely with Jac over the last two and a half years to deliver the project to execution status. He has been responsible for establishing all required site infrastructure in preparation for mining as well as all execution permits, operations contracts and Mine Health and Safety Procedures. In addition to a formal degree in mining engineering Rudi also holds a B.Sc. (Geophysics) as well as an MBA. Rudi has over 20 years' operational mining experience including senior positions at Anglo American, ERG, Asanko Gold and other major miners. The Board, including Mr. van Heerden, fully endorse Rudi's credentials to complete delivery of the Qala Shallows stage 1 of WBP on finalisation of funding. As a non-executive director Jac will continue to be available to support Rudi and the team in that capacity. In addition to the above changes, WWI has appointed Mr. Keith Middleton as Executive Manager Commercial. Keith is an experienced executive of ASX listed companies specialising in the Australian and International resources sector. He is highly skilled in financial analysis, risk management, major capital works expenditure, corporate governance and ESG regulations. He is the former Managing Director of American Rare Earths where he had direct accountability for mining operations and exploration activities coupled with strategy formulation, project evaluation and investor relations. Keith's role has a broad scope including investor relations, strategy, corporate operations, and management. He will be a key member of the WWI executive team going forward. As part of these changes, Michael Quinert as Chairman will also take a more active role in day-to-day operations. The updated management structure will be reviewed upon the commencement of mining at Qala Shallows. Ankündigung • Feb 10
West Wits Mining Limited has completed a Follow-on Equity Offering in the amount of AUD 1.5 million. West Wits Mining Limited has completed a Follow-on Equity Offering in the amount of AUD 1.5 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 107,142,857
Price\Range: AUD 0.014
Discount Per Security: AUD 0.00084
Transaction Features: Subsequent Direct Listing Ankündigung • Jan 18
West Wits Mining Limited Announces Maiden Drill Holes Hit Significant Gold Intercept at the Mt Cecelia Project West Wits Mining Limited announced that it has received assay results from the previously disclosed drill program conducted by Farm-In partner, Rio Tinto Exploration Pty Limited (RTX) at the Mt Cecelia Project in the Paterson Province, Western Australia. Initial assay results received for two holes (WEWI0001 & WEWI0004) from the RC drill programme undertaken in late 2022 to test the primary EM target "SGC-1" at the Mt Cecelia Project (E45/5045) that is the subject of a farm-in agreement between Rio Tinto Exploration Pty Limited ("RTX") and West Wits. RTX successfully completed 1,036m of RC drilling on target SGC-1 in four holes, with samples sent to ALS for assaying. Initial results confirm significant intervals of gold mineralization, with both holes ending in gold mineralization. Hole WEWI0004 contains 24m @ 0.95 g/t Au within a broader mineralized interval of 82m @ 0.51g/t Au. Hole WEWI0001 contains 20m @ 0.93 g/t Au within a broader mineralized interval of 56m @ 0.55g/t Au. Gold anomalism is hosted in variably altered (ferruginous silicification and chloritization) metasediments. Hole WEWI0004 drilled through the metasediments into a mafic unit and back into metasediments. Quartz veining and trace sulphides (sphalerite, pyrite and pyrrhotite) were observed in the variably altered metasediment that dominated the lower part of hole WEWI0001 (158-250m). Note that WEWI0001 did not reach the modelled EM plate, which was the primary target. Assay results from WEWI0003 and WEWI0005 are outstanding and will provide additional information to guide interpretation. Analysis of the remaining two holes is being completed by ALS and results are expected in coming weeks. The first pass drilling programme targeted a moderate-strong EM anomaly identified from airborne and ground EM surveys previously undertaken by West Wits. The anomalies were initially interpreted as potential bedrock conductors that may represent base metal sulphide mineralization. The assays received for WEWI0001 and WEWI0004 contained relatively low levels of base metal anomalism (the initial target) but significantly elevated Au results. The existence of elevated Au results at SGC-1 provides a basis for the exploration team to reassess initial interpretations of the remaining seven EM targets (SGC-2 to SGC-8)2. The drilling consisted of two initial angled holes (WEWI0001 & WEWI0003) which, due to challenging unconsolidated cover conditions, failed to reach the planned 300m depth. Two additional holes (WEWI0004 & WEWI0005) were drilled vertically to reduce the cover risks and achieved the target depth. Interpretations and planning of further work will be undertaken after receipt of the assays from WEWI0003 & WEWI0005. Future work may also include further petrographic analysis to better understand the geology and nature of the mineralization, as well as detailed geophysical surveys and additional drilling. WWI's Mt Cecelia project is located in the Paterson Province of Western Australia, approximately 150km ENE of Marble Bar, 150km NW of Telfer Mine, and 120km NNW of Nifty mine (aerial distance). The geological setting of the target area is relatively poorly understood, being proximal to the boundary of the Proterozoic Paterson Orogen and the Archean Pilbara Craton, much of which is concealed beneath more recent sedimentary cover. The major Vines Fault structure is interpreted to run broadly NNE-SSW through the centre of E45/5045 towards the Nifty mine. Limited relevant mineral exploration activity in the area of interest (at SGC-1) has previously been completed, and this has been restricted to broad spaced geophysical surveys with the nearest drilling several kilometres away. Ankündigung • Dec 16
West Wits Mining Limited Announces Complete the First Pass Drilling Program At the Mt Cecelia Project in the Paterson Province, Western Australia West Wits Mining Limited announced that Farm-In partner, Rio Tinto Exploration Pty Ltd. (RTX), has completed the first pass drilling program at the Mt Cecelia Project in the Paterson Province, Western Australia. Exploration Update: RTX has completed the maiden drilling programme on Mt Cecelia's primary target (SGC_1). The first pass drilling programme targeted a moderate-strong Electro-Magnetic ("EM") anomaly identified from airborne and ground EM surveys previously undertaken by West Wits. The anomalies were interpreted as potential bedrock conductors that may represent base metal sulphide mineralisation2. RTX's has successfully completed 1,036m of RC drilling on target SGC_1, surpassing the minimum 800m commitment of drilling during 2022 under the Farm-In & JV Agreement. Results from the MLTEM survey data and analysis completed in December 2021 for the SGC_1 anomaly indicated a depth to top of 100m - 125m and depth extent of greater than 300m. To test SGC_1, RTX planned target hole depth of 300m for each drill-hole and spacings of approx. 100m. The drilling programme initially planned for three angled holes with three vertical holes also designed due to the possibility of challenging cover preventing drilling to basement depths using angular projection. The first hole (WEWI-0001) hole reached a depth of 250m and second inclined drill hole (WEWI0003) 196m prior to being terminated due to challenging drilling conditions, primarily in the form of unconsolidated cover which is common for the Paterson Province region. As a result, vertical holes were utilised to maximise the depth of the drill holes. The vertical drill holes, WEWI0004 & WEWI0005, were completed by the exploration team to a depth of 290m and 300m respectively, successfully completing Phase 1 of the drilling programme. Detailed logging with pXRF testing of samples taken was completed and 50mm PVC casing have been installed to allow future down-hole EM surveys. The samples retrieved have been submitted for detailed laboratory analysis with results expected in first quarter 2023, after which the JV will consider the next steps for the Mt Cecelia project's exploration programme. Board Change • Nov 16
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 5 non-independent directors. Non-Executive Director Warwick Grigor was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Ankündigung • Nov 03
West Wits Mining Limited Announces Rio Tinto Exploration Commences Maiden Drilling Program at West Wits' Mt Cecelia Project West Wits Mining Limited announce Farm-In partner, Rio Tinto Exploration Pty Ltd, has commenced the maiden drilling program at WWI's Mt Cecelia project in the Paterson Province, Western Australia. RTX has completed track clearing and site preparation at high priority SGC_1 target in the far north ofthe tenement (E45/5045), enabling the commencement of the Mt Cecelia Project's maiden drillingcampaign under the RTX Farm-In and Joint Venture Agreement. As previously reported, the targets are electromagnetic (EM) anomalies identified from airborne and ground EM surveys undertaken by West Wits in 2020 and 2021 respectively. The anomalies are interpreted as potential bedrock conductors that may represent base metal sulphide mineralisation. The initial three-hole drilling program has target depths of 300m per hole and is anticipated to becompleted by mid-November. The exploration team will prepare and send samples to ALSlaboratories for assaying. Ankündigung • Oct 08
West Wits Mining Limited, Annual General Meeting, Nov 30, 2022 West Wits Mining Limited, Annual General Meeting, Nov 30, 2022. Ankündigung • Oct 06
West Wits Mining Limited Announces WBP Positive Phase 1 Uranium Drilling Results West Wits Mining Limited announced the results of the first phase of its Uranium Drilling Program with the objective to confirm historical information on the Company's Uranium Exploration Target. HIGLIGHTS: 3 diamond-hole assay results from Phase 1 Uranium Drilling Program at the Witwatersrand Basin Project ("WBP") underscore the Bird Reef Central areas potential to be a uranium /gold project Assay results highlighted by: 1.59m @ 835ppm U and 1.46g/t Au from 85.11m (PH1B - Middle Reef), including 0.96m @ 1,321ppm U and 2.30g/t Au from 85.74m. 1.20m @ 108ppm U and 5.45g/t Au from 104.61m (PH1B - White Reef), including 0.49m @ 226ppm U and 12.15g/t Au from 105.32m. 1.26m @ 221ppm U and 0.38g/t Au from 77m (PH1C - Middle Reef), including 0.5m @ 456pm U and 0.80g/t Au from 77.76m. SUMMARY: West Wits successfully completed the first phase of its Uranium Drilling Program at the Witwatersrand Basin Project ("WBP") on the Exploration Target. The Company is highly encouraged by the grades and widths of the intercept results which confirm consistent uranium mineralisation over approximately 3.3km of the identified strike along the WBP's Bird Reef Central area, which includes the Monarch Reef, Middle Monarch Reef and White Reef zones. The Company has identified a potential strike of more than 7km along the targeted Bird Reef Sequence within the broader WBP mining right area. This phase of in-fill drilling was designed to focus on the drilling of three holes at shallow depths (<120m below surface) in known areas of mineralisation. A summary of the results for each drillhole intersecting the Upper Monarch Reef, Middle Monarch Reef and White Reef. The drilling program comprised of three diamond drilled holes with a total number of metres of 291.3m. All three drillholes intersected the complete Monarch and White Reef Sequence between depths of 54m to 106m below surface. Drill core (47.6mm in diameter) was not oriented, no deflections were drilled and drillholes were collared at a -60 degree below the horizon to enable near perpendicular intersections when traversing the stratigraphy. Uranium and Gold assays /analysis were performed by ALS Laboratory Services in Johannesburg, South Africa. A Quality Assurance/Quality Control ("QA/QC") program formed part of the drilling, sampling and assay program. Site visits were conducted by the MSA Competent Person to monitor adherence to procedures and to verify drillhole collar positions, significant intersections, and logging and sampling of field records against the digital project database. Work continued to identify zones of anomalous uranium mineralisation within the previously defined Exploration Target area. The style of mineralisation conforms with regional historical trends in being located within conglomerate zones of the Bird Reef Sequence. In places, mineralisation is often contained within the Basal Unit of the Bird Reef Sequence also containing concentrations of gold, which presents the potential for dual uranium and gold extraction scenarios. The White Reef, in particular, also contains a variable amount of gold mineralisation. The information presently in hand is insufficient to undertake Mineral Resource Estimation modelling. However, the results justify advancing the next phases of work focussed on arriving at JORC 2012 levels of confidence. The results from the three drillholes confidently confirm continued uranium mineralisation located in the Bird Reef stratigraphy area. Further exploration will flesh out an improved geological understanding of the various zones of mineralisation, their lateral continuity and will also serve to upgrade mineral resource confidence levels. Next Steps: The current results underpin the Company's uranium strategy and allows for West Wits to prepare a detailed Phase 2 in-fill drilling schedule aimed at delineating a potential JORC 2012 compliant Inferred Mineral Resource. A final decision to proceed with phase 2 will be evaluated. The Company also remains keen to test mineralisation at greater depths in its Phase 3 of the Exploration Programme. Ankündigung • Oct 03
West Wits Mining Limited Announces Board Changes West Wits Mining Limited announced the appointment of Mr. Warwick Grigor as a Non-Executive Director and advised that Mr. Tim Chapman has resigned as a Non-Executive Director of the Company. Warwick Grigor is based in Sydney and will serve as a Non-Executive Director on the Board of West Wits. Mr. Grigor is a graduate of the Australian National University, having completed degrees in law and economics. After a short period with Hamersley Iron Pty Ltd. he embarked upon a career as a mining analyst and an investment banker specialising in the mining sector. He established Far East Capital Limited as a 50:50 partner with Andrew Forrest in 1991. Mr. Grigor was subsequently the founding Executive Chairman of Canaccord Genuity Australia, in 2008. He retired from Canaccord in 2014, returning to Far East Capital, which now operates as an AFSL accredited private investment bank offering independent research, corporate advice and capital raising services. As Chairman of Far East Capital, Warwick has provided broker and corporate advisory services to the Company over a number of years, having keenly followed and invested in the Company's development. Tim Chapman, Director Corporate Broking at PAC Partners, has elected to resign as a Non-Executive Director of the WWI Board. Tim now steps down as the Company transitions to production to focus on other opportunities. Ankündigung • Sep 15
West Wits Mining Limited Announces Project 200 Trade-Off Studies Positive West Wits Mining Limited announced the outcome of preliminary trade off studies as part of the Witwatersrand Basin Project (WBP) Project 200 initiative. The Company has undertaken Project 200 to explore the potential to increase production at the WBP up to 200 000oz Au per annum. There are not yet reasonable grounds to determine whether such a production rate is achievable, and therefore a further Scoping Study would be required to determine viability for substantially increasing production from that in the current mine plan. In January 2022, the Company released a Scoping Study that outlined a 4-Stage mine development plan with 27-year Life-of-Mine (LoM) for the WBP. Stage 5 - Bird Reef Central - was excluded from the Scoping Study due to lower grades. West Wits recently decided to embark on a two phased study to determine and assess the relevant engineering and other hurdles which would need to be resolved to achieve a potentially substantial increase of production with an aspirational target of 200 000oz per annum (Project 200). Independent mining engineer consultant, Bara Consulting (Pty) Ltd. (Bara) was appointed to conduct various technical studies to investigate the potential to further increase production capacity at the WBP. Bara completed Project 200's Phase 1 which involved several trade-off studies on the critical constraints of the existing mine plan, including: Mine Design & Infrastructure. A rework of the current Scoping Study's mine design and scheduling to determine the potential for an improved monthly production rate. To enable an increased production rate, supplementary infrastructure would be required to access the three gold bearing reefs. Several potential shaft access points, existing and new, were identified in the Mining Right area. These will be investigated further for hoist capacity and the ability to sustain the necessary increased production rates. Conceptually, the Kimberley Reef, Bird Reef and Main Reefs can be connected via either underground or surface infrastructure aimed at mining the upper areas. New or refurbished shaft infrastructure would be assessed for servicing the deeper sections to enable higher production rates over the LoM. Potential of a metallurgical plant. A third-party process facility is assumed for the current Scoping Study's average production levels of approximately 55,000t per month over the Life of Mine with peak production of 75,000t per month. The construction of a new processing facility would be considered as part of the Project 200 strategy to meet the demands of an increased production rate. Surface space constraints and the desire to keep dust emissions and noise pollution to a minimum, led to the consideration of placing sections of the process plant underground. The complexity of installing the milling circuit underground was deemed unfavourable and it is recommended that the construction of a metallurgical plant completely on surface be assessed. Enclosing the plant in a cladded building and selecting an appropriate process route, such as a multi-tiered milling system with underground blast management, would mitigate dust and noise pollution. Expansion of the Company's existing 16ha surface landholding at the Qala Shallows would be the primary area investigated for a new process plant. The lay-out, sizing and economic feasibility would be evaluated as part of a new Project 200 Scoping Study. Tailings deposition strategy. If the construction of a metallurgical plant proves to be viable, the new Scoping Study stage would proceed to investigate the most suitable tailings deposition processes. The Scoping Study will investigate the following tailings deposition options: Filtered tailings delivered and deposited by truck onto surface areas. Hydraulic tailings pumped onto existing licenced brownfields storage facilities which are owned and operated by third parties. Hydraulically pumped stream of tailings deposited into the larger underground voids. The construction of a processing plant and tailings facility is not considered in the Company's existing Scoping Study and would be subject to government approvals. Initial discussions with the relevant government departments have been positive. Dewatering. Trade-off studies indicated that dewatering areas under the existing Scoping Study is not required to increase production rates as flooded areas are excluded from the mine plan. However, dewatering sections of the Witwatersrand Basin would likely provide a significant value-add and strategic advantage to the overall WBP by exposing additional areas of known mineralisation currently excluded from the Company's Mineral Resource Estimate and Scoping Study. The areas of specific focus include the Kimberly Reefs to the west portion of the Mining Right area and sections below 400m at Bird Reef East and Main Reef stages. It is proposed Project 200 Phase 2 investigate the method and impact of dewatering in two stages: Stage 1: Mining Method of the Bird and Main Reef sections. The current mining method for the deeper Bird Reef and Main Reef sections mines the ore body by entering from the footwall. Dewatering is expected to present the optionality of mining on-reef with more mechanised methods such as breast mining or long hole open stoping. Stage 2: Historical areas flooded following years of dormancy. This stage of dewatering can be conducted in areas flooded following years of dormancy which are excluded from the existing mine plan and 4.28Moz Au JORC Mineral Resource. If dewatering of these areas was determined to be viable, new areas under the Mining Right would be open to exploration with the potential for competent person consideration and possible inclusion as part of the overall WBP's JORC Mineral Resource Estimate. Constructive exploratory discussions with Government Regulatory authorities indicate that they are receptive to water handling initiatives which would potentially yield positive results. The Witwatersrand Basin holds the world's larger known gold reserves and historically has produced in surplus of 1.5 billion ounces, which is over 40 000 metric tons. The historical production records for this area, recent updates to the West Wits Scoping Study1 and newly obtained geological information all point to the potential for increasing the scale of operations at the WBP. The trade-off analysis under Phase 1 of Project 200 was successful in testing the critical elements required to increase the scale of the WBP. Bara recommended that there is sufficient scope to justify the commissioning of a new Scoping Study to assess the potential increase of production at the WBP with the aspiration of achieving 200,000oz Au per annum. The Company does not yet have reasonable grounds to determine that the WBP can achieve 200,000oz Au per annum. Bara has provided a scope of work for a new Scoping Study to determine the viability of increasing production at the WBP. Ankündigung • Aug 18
West Wits Mining Limited has completed a Follow-on Equity Offering in the amount of AUD 2.5 million. West Wits Mining Limited has completed a Follow-on Equity Offering in the amount of AUD 2.5 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 138,888,889
Price\Range: AUD 0.018
Discount Per Security: AUD 0.00162
Transaction Features: Subsequent Direct Listing Ankündigung • Aug 06
West Wits Mining Limited Announces the Commencement of First Phase Drilling West Wits Mining Limited announced the commencement of first phase drilling with the objective to confirm historical information on the Company's Uranium Exploration Target. In October 2021, the Company announced the restatement of its Uranium Exploration Target to JORC (2012) standard and the inclusion of Uranium as a targeted mineral in the Bird Reef exploration program at the Witwatersrand Basin Project ("WBP"). The 2008 exploration results1 confirmed consistent Uranium mineralisation over approx. 3.3km with more than 7km of strike identified along the targeted Bird Reef section within the WBP mining right area. This Phase 1 Uranium Drilling Program is the first of a three-phased diamond drilling initiative which aims to convert the declared JORC Uranium Exploration Target into an Inferred Mineral Resource. Table 1 below outlines the magnitude of the Exploration Target and Image 1 showcases the commencement of drilling operations. The first phase of the Uranium Drilling Program will entail the drilling of three drill-holes, each approximately 120 meters deep, in known areas of mineralisation. Results are expected to be announced by the end of September 2022. A further two phases of drilling are planned once the data from the Phase 1 drilling has been analysed. Phase 2 will follow the zone of mineralisation on the strike and down dip within the Mining Right Area as shown below in Image 2. Once phase 2 is completed, West Wits anticipates it will be in a position to convert the Exploration Target to a JORC compliant Inferred Mineral Resource. Phase 3 drilling is planned to test the continuous nature of the Uranium bearing reef to depths beyond 400m below surface. After Phases 1/2 drilling is completed and the Exploration Target has been successfully updated to a JORC compliant Inferred Mineral Resource, the Company also plans to complete a Scoping Study to confirm the viability of a stand-alone Uranium mining operation on the Bird Reed Central area. The Scoping Study is intended to motivate the third phase which targets mineralisation below 400 meters to test possible continuity of the zone. Should the Scoping Study confirm viability, the exploration will be extended to drive towards an Indicated Mineral Resource. Table 2 outlines the phased approach. Image 3 showcases a 3D schematic of the historical (red), Phase 1 (green) and Phase 2 (yellow) drillholes. The staged program is designed to arrive at an improved geological understanding of the mineralised Bird Reef sequence. Phases 1 and 2 drilling will, furthermore, improve geostatistical support to assist in arriving at JORC compliant Mineral Resource estimation and modelling. Ankündigung • Aug 04
West Wits Mining Announces the Results of Revised Definitive Feasibility Study for Its Phase 1 Qala Shallows of the Witwatersrand Basin Project West Wits Mining Limited announced the results of a revised Definitive Feasibility Study for its Phase 1 Qala Shallows of the Witwatersrand Basin Project ("WBP"). During the Phase One Qala Shallows Early Works Program of the Witwatersrand Basin Project, West Wits established a small-scale mining operation, with the intention of proving the designed mining method, and to put in place underground infrastructure, including the rehabilitation of the existing box-cut and decline, as well as the preparation of decline faces to develop the Life-of-Mine ("LOM") infrastructure. This allowed the West Wits team to expedite the production profile to allow for a quicker build-up to an increased steady-state production level. As reported in the Company's Quarterly Report of March 2022, West Wits also engaged in a review of a restructured mining contractor agreement, as well as the procurement of refurbished equipment and a reliable underground mining equipment fleet. This process necessitated a slowdown and ultimately a pause of operations at the Qala Shallows Project. The time was utilised to: · renegotiate the mining contract with Modi Mining (Pty) Ltd. ("the Contractor") from a cost- plus contract to a production rate-based contract to drive contractor efficiencies. It was always envisaged that once the box cut and the decline had been rehabilitated and access to the underground reef was established, the Company would enter a re-measurable contract with the Contractor. · enter a refurbishment period to secure new and reliable mining equipment. The refurbishment objectives have been met, and the plan is for the Contractor to re-establish on site in Fourth Quarter 2022. · develop an updated comprehensive initial mining plan for the first two years utilising new information gathered from having access to underground workings, the teams physical experience in the mine and updated survey information. This data has now been incorporated to update the LOM production profile by third-party mine engineering firm, Bara Consulting (Pty) Ltd. ("Bara"). Ankündigung • May 27
West Wits Mining Limited announced that it expects to receive AUD 75 million in funding from SBC Global Investors West Wits Mining Limited announced that it has entered into an equity
line of credit agreement with SBC Global Investment Fund, a fund managed by SBC Global Investors at a price equal to the higher of 95% of the average 7 daily VWAPs of shares chosen by the investor during the pricing period and the price nominated by the company in a transaction notice, which must not be less than any minimum price required under the listing rules for gross proceeds of AUD 75,000,000 on May 27, 2022. The company will receive funding over a period of 24 months. The transaction is subject to completion upon the satisfaction, fulfilment or waiver of a number of conditions, including but not limited to the company being admitted to the official list of ASX, the company being able to issue the placement shares either under its available placement capacity or with shareholder approval and not being in breach of the agreement and compliance with the limits on the maximum numbers of placement shares. The company will pay implementation fee of AUD 100,000 in shares at a price of AUD 0.025 being 95% of the VWAP on the trading day immediately prior to the date of the agreement and to issue the investor 25,000,000 unlisted options to acquire fully paid ordinary WWI shares, each option having an exercise price of AUD 0.041 and expiring 3 years from issue. The remaining establishment fees is AUD 300,000 to be received in tranches of AUD 75,000 from proceeds of future drawdowns. An additional fee of 0.5% becomes payable if aggregate placement amounts exceed AUD 25,000,000. The company will also issue 5,000,000 unlisted options (exercise price of 150% of the average 5 daily VWAPs for the 5 trading days immediately prior to closing of the transaction and expiring 3 years from issue) for each of the first three placements under the agreement (aggregate 15,000,000). Any part of the establishment fee and the remaining number of options not paid are to be delivered to the Investor at expiry. The company may elect to terminate the facility earlier and may thereby be entitled to a reduction in the quantum of the overall fees payable and options to be allotted depending upon the date of termination. The Investor may terminate the agreement upon an event of default, which include but are not limited to the occurrence of a material adverse event, the company suspending payment of its debt, an administrator or controller being appointed to the company or any representation or warranty made by the company being found to have been false or misleading. The company may at its election decide to terminate the agreement upon written notice to the Investor, subject to payment of any outstanding fees after allowing for any early termination fee reduction entitlement. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 4 non-independent directors. Independent Non-Executive Director Peter O'Malley was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Ankündigung • Feb 22
West Wits Mining Limited Announces First Ore Produced At Witwatersrand Basin Project West Wits Mining Limited announced the delivery of first ore from its key project under development, the Witwatersrand Basin Project (WBP), situated in the West Witwatersrand Basin goldfield of South Africa. The delivery of the first ore signals a major milestone for WWI as the Company progresses development of the newest gold mine to come online in South Africa, at a time when gold is trading at historic high prices. The Early Mining Initiative has been determined by WWI as an opportunity to establish a small-scale mining operation, with the objective to proof the designed mining method to mine areas already exposed at WBP. The ore tonnes from the Early Mining Initiative will supplement the tonnes from the larger mining operation, as described in the recent announcement following the completion of the Definitive Feasibility Study (DFS). The DFS reported a 17-year LOM project for the Stage 1 Qala Shallows alone and 7.3MT at 2.81g/t recovered grade for 663,000oz Recovered Gold for WBP's initial stage3. Surface Works commenced in September 2021, following the granting of the Mining Right. The underground mining contractor established site in October and commenced rehabilitation work on the box cut (mine entrance), the existing decline and a previously constructed ventilation shaft. The surface and rehabilitation works has created the platform for the Early Mining Initiative, as well as advancing the execution of the larger mining project. The early works are expected to produce 5,000t to 8,000t of ore while stage 1 of the larger project, Qala Shallows, will be building up to 53,000oz3 per annum whilst production from the overall WBP once in full production is targeting 95,000oz2 per annum. West Wits Mining's Witwatersrand Basin Project (WBP) is a major South African gold deposit with JORC MRE of 4.28m ounces @ 4.58g/t Au1. The WBP has successfully produced its first ore and is enroute to becoming a large gold mine in South Africa, ultimately targeting production of up to 95,000oz per annum2 The Early mining initiative will build-up to a production rate of 5,000 to 8,000 per month, while the project development continues. Ankündigung • Sep 29
West Wits Mining Limited Announces Witwatersrand Basin Project Update West Wits Mining Limited advised that the Lawyers for Human Rights ("LHR") have now lodged a review application in connection with the Company's Witwatersrand Basin Project ("WBP"). This review application is directed against the decision of the Minister of Environment, Forestry and Fisheries ("the Minister") which dismissed a previous appeal LHR pursued against the original decision of the Department of Mineral Resources & Energy ("DMRE") to grant an Environmental Approval for the WBP. As part of this application the LHR are seeking the suspension of development pending a final decision. Ankündigung • Sep 12
West Wits Mining Limited Announces Ground EM Survey Confirms High-Priority Targets At Mt Cecelia West Wits Mining Limited announced that the MLTEM ground exploration surveys carried out over the high-priority targets at the Company's 100% owned Mt Cecelia Project, Western Australia, have successfully been completed. The Mt Cecelia Project is located on the border of the East Pilbara and Paterson Provinces of Western Australia and covers 225km2 of highly prospective ground, strategically located adjacent to tenements held by Rio Tinto Ltd, Carawine Resources Ltd. and Rumble Resources Ltd. The Paterson Province region is host to several large mines/deposits and various styles of mineralisation, namely Cu (Nifty), Cu-Au (Winu, Havieron, Telfer), Pb-Zn (Warrabarty, Goosewhacker) and manganese deposits (Woodie Woodie). Mt Cecelia MLTEM Survey Results: The aim of the MLTEM surveying was to gain a better understanding of the priority bedrock conductors identified by the earlier SKYTEM surveying and associated technical interpretation by Southern Geoscience Consultants Pty Ltd. (SGC), carried out in Fourth Quarter 2020. Subsequent modelling and technical reporting of the MLTEM data has been completed by SGC, which combined with full analysis of results from the SKYTEM HEM survey, will assist in providing robust first-pass exploration drill targets for the Company's maiden drilling program in 2022. A total of 16 survey lines (158stns, 14.2kms) of MLTEM data were acquired at the four target prospect areas (SGC_1, SGC_2, SGC_3 and SGC4). MLTEM Targets and Modelling Outcomes: The MLTEM survey program was successfully completed in August 2021 where all four primary SKYTEM anomalies (SGC_1; SGC_2; SGC_3 and SGC_4) were found to be related to legitimate bedrock related conductors. SGC_1 was classed the highest priority target defined via the SKYTEM survey given the clearly discrete nature of the anomalism and correlation with a zone of de-magnetisation in the local sequence. Resultant MLTEM survey data has confirmed the presence of a strong, localised bedrock conductor. The conductor is situated either within a zone of local de-magnetisation or at the contact of a complex magnetic unit and represents an immediate drill target. The other targets, SGC_2, SGC_3, SGC_4, are classed a second order type target as defined via the SKYTEM survey, given the larger conductor areal size and lower conductance levels. However, these conductors could still be of interest for significant base metals pending the local geological model. Resultant MLTEM survey data has confirmed the presence of a weak-moderate bedrock conductor. It further shows that Targets SGC_2, SGC_3, SGC_4 appear to be along strike from each other. NEXT STEPS: West Wits is presently outlining a ground geological program that will further investigate the physical geology of all four targets identified. The program will utilise a well-experienced team of geological specialists from SRK Consulting to advance the geological research. The work will commence the second half of September 2021 and the outcome will support first pass exploration drill planning. Ankündigung • Aug 10
West Wits Mining Limited has completed a Follow-on Equity Offering in the amount of AUD 7.0072 million. West Wits Mining Limited has completed a Follow-on Equity Offering in the amount of AUD 7.0072 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 116,786,667
Price\Range: AUD 0.06
Discount Per Security: AUD 0.0036 Ankündigung • Aug 05
West Wits Mining Limited announced that it expects to receive AUD 7.0072 million in funding West Wits Mining Limited announced a private placement of 116,786,667 common shares at a price of AUD 0.060 per share for gross proceeds of AUD 7,007,200.02 on August 3, 2021. The transaction will include participation from new and existing unrelated sophisticated and professional investors. The transaction is expected to close on October 8, 2021. The company also issued option in the transaction with an exercise price of AUD 0.12 per option which will expiring 1 year from date of issue. Ankündigung • Jul 06
West Wits Mining Limited Announce a Mineral Resource Estimate Update for the Kimberley East Project At the Company's Witwatersrand Basin Project, South Africa West Wits Mining Limited announce a Mineral Resource Estimate ("MRE") Update for the Kimberley East Project at the Company's Witwatersrand Basin Project ("WBP"), South Africa. The infill drill program successfully achieved its aim to upgrade a significant block of Indicated and Inferred MRE categories which are contained within the near to medium-term mine plan thereby enhancing confidence and capacity to declare reserves. Upgrading areas of the Inferred MRE is a critical step towards the Company being able to maximise the capacity for declaration of a maiden ore reserve for the Qala Shallows project upon completion of the DFS which is currently scheduled for August 2021. The 149,000oz increase in the Measured MRE category is significant and provides a higher confidence level in the important early mining areas targeted for the Qala Shallows area. The updated 3D geological block model enables the mine engineering team to improve and optimise the mine plan which will enhance the development and financial model for project execution. The K9B results from the drilling program are the key driver in the grade increase of the Global MRE to 4.24g/t Au which is highlighted by the infill-drilling campaigns best result, hole RLKDD-44 with 1.68m @ 5.81g/t Au [123m], including 0.98m @ 9.07g/t. A regional grade trend was observed within the K9A band producing a lower grade expectation towards the eastern portion of the project area, however it also confirmed the consistency in grade and width of the K9B band as expected. Similar to historical mining of the Kimberley Reef package in the region, the bulk of targeted production is focussed on the K9B band. Where the K9A band is sufficiently mineralised in pay shoots, it will be mined together with the K9B band. The WBP deposit forms part of the Central Rand Goldfield hosted by the Witwatersrand Supergroup strata. The Central Rand Goldfield is situated immediately to the south of Johannesburg and has been host to one of the most extensive gold reserves in the world. The reefs have been mined continuously on strike for approximately 55km in an east/west direction, bordered by DRD in the west, and down-dip, to the south, for about 6km from its outcrop position to depths of approximately 3km. The reef horizons are channelised conglomerates and the major orebodies mined in the Central Rand Goldfield are the Main Reef, Main Reef Leader, South Reef, Bird reefs and Kimberley reefs. The Kimberley East project area targets the K8, K9B and K9A Kimberley reefs. The K9 resource modelling was carried out by Shango Solutions, a South African based geological consultancy with significant experience in this region. The previous MRE dataset covering the K9A and K9B gold bearing reefs in the eastern portion of the Kimberley Reef Project was updated with the latest drilling results (Appendix 3) followed by a new Mineral Resource Estimation utilising advanced geostatistical estimation methods, which includes simple and Ordinary Kriging. To ensure a complete result, both previously mined and unmined areas of the K9A and K9B reef were estimated and then the mined areas were subtracted from the modelling result. On conclusion of the 2020 K9A and K9B Mineral Resource update1, West Wits conducted an infill drilling programme comprising of approximately 2,500m of diamond core and percussion drilling targeting the upper 300m that host the orebodies in the vicinity of the Qala Shaft area. The percussion drilling was used to drill through soft over burden material, and then the hole would continue with diamond core drilling. The aim of the drilling program was to increase the Mineral Resource confidence in areas targeted for early mining to allow WWI to increase the capacity for declaration of ore reserves on completion of the Definitive Feasibility Study. A total of fourteen (14) new holes (mother holes and deflections) intersecting the K10, K9A, K9B, K8 and K7 reef bands were completed by three rigs. In addition, West Wits geologists re-logged the mineralised zones of three previously drilled MSA drillholes. The core was split lengthwise by a diamond saw with one half submitted for assays. Samples included 2cm waste from the footwall and hangingwall of the reef. Samples were on average 20 - 25cm in length with a minimum of 10cm. Samples of the footwall and hangingwall waste were also taken with a 20cm sample nearest to the reef followed by two more samples of 40 - 50cm in length. Individual samples were placed in separate sample bags with two unique number labels of which one was placed inside the bag and the other one was stapled to the outside of the bag, after which the bags were sealed. Waste and reef samples were taken separately with reef samples further split based on lithology and mineralisation. Samples were accompanied by blanks and standards, a blank was inserted before and after each reef intersection. Each reef intersection was accompanied by certified reference material appropriate to the expected grade range i.e. low or high grade and selected returned pulps were resubmitted under a new number for each batch to serve as a duplicate field sample. Sampling was typical of standard practices in the Witwatersrand Goldfield and was deemed appropriate and representative for the grain size. Ankündigung • Jun 24
West Wits Mining Limited Announces Mining Right Application Update West Wits Mining provides the following update with regards to the progress of the appeals process and mining right application for the Witwatersrand Basin Project (WBP) in South Africa. The company has received an update from the Department of Mineral Resources and Energy (DMRE) concerning the WBP Mining Right application. The DMRE advised that the documents in relation to the application are in good order and that its officers are busy processing the application. Further, in light of this progress the DMRE has indicated that it needs nothing more from the Company to complete processing of the application. Recent Insider Transactions • Mar 28
MD & Director recently sold AU$227k worth of stock On the 19th of March, Jac van Heerden sold around 3m shares on-market at roughly AU$0.084 per share. This was the largest sale by an insider in the last 3 months. This was Jac's only on-market trade for the last 12 months. Ankündigung • Mar 19
West Wits Mining Limited Provides Mining Right Application Update West Wits Mining provides the following update with regards to the progress of the appeals process and mining right application for the Witwatersrand Basin Project in South Africa. The company's lawyers received a further update from the Department of Environment, Forestry and Fisheries on the status of the process. The DEFF confirmed that the Minister had reviewed the recommendations provided by the DEFF. After reviewing the recommendations, the Minister has sought further information from the DEFF pertaining to the potential effect of the project on the existing water pipeline infrastructure. The DEFF advised it is in the process of providing the additional information. Recent Insider Transactions Derivative • Mar 18
Independent Non-Executive Director exercised options to buy AU$440k worth of stock. On the 16th of March, Peter O'Malley exercised options to buy 6m shares at a strike price of around AU$0.015, costing a total of AU$83k. This transaction amounted to 159% of their direct individual holding at the time of the trade. Since June 2020, Peter's direct individual holding has increased from 300.00k shares to 3.47m. Company insiders have collectively bought AU$104k more than they sold, via options and on-market transactions, in the last 12 months. Ankündigung • Feb 01
West Wits Mining Limited Announces Mining Right Application Update West Wits Mining Limited provides the following update with regards to the progress of the appeals process and the mining right application for the Witwatersrand Basin Project ('WBP') in South Africa. On 10th December 2020, the Company advised that the Department of Environment, Forestry and Fisheries ('DEFF') had notified that it expected to complete a ruling on the appeals by the end of January 2021. The DEFF, advised in an email to the Company's lawyers late last Friday that the appeal is one of the Department's back log matters and is currently being worked on. It was also confirmed that the DEFF's offices are fully functional, the Department is committed to finalising the appeal soon and aims to provide a recommendation to the minister on the outcome of the appeal in the next two weeks. Previous delays to the appeals process were as a result of the South African COVID-19 lockdowns in 2020. The Company continues to proactively engage the Department of Mineral Resources and Energy ("DMRE") and the DEFF with a view to expediting completion of the mining right application process. Ankündigung • Dec 12
West Wits Mining Limited Announces Application Update On 7 December 2020, West Wits Mining provided an update on the progress of the appeals process and the mining right application for the Witwatersrand Basin Project ("WGP") in South Africa. In response to further correspondence from the company's legal advisors the Department of Environment, Forestry and Fisheries ("DEFF"), has expressly noted the urgency attached to finalising the pending appeals and advised it is giving due attention to the matter and expects to complete a ruling by the end of January 2021. These forecast delays are substantially beyond the prescribed dates provided for in the applicable regulations. However, the company believes the delays can be attributed to the backlog the DEFF have experienced due to the COVID-19 lockdowns earlier this year. The company acknowledges the difficulties faced by the DEFF to resolve the backlog problem and appreciates the efforts being made to finalise appeals process by end of January 2021. The company acknowledges that these delays are frustrating for its shareholders and thanks them for their ongoing patience. Company trust that with a date for finalisation in sight there is at least now better clarity on the situation. Company invite shareholders or others concerned to contact the company if they have questions or seek clarifications on any aspect of the appeals. Ankündigung • Nov 19
West Wits Mining Limited Announces Board Changes West Wits Mining Limited announced that Dr. Andrew Tunks has resigned as a director of the company and the company also announced the appointment of Mr. Tim Chapman to the WWI Board as a director of the company. Tim Chapman has agreed to join the company's Board as Non-Executive Director having previously worked closely with the Board as a key advisor to West Wits and being actively engaged with the company's Projects up to 2017. Mr. Chapman has over 20 years' experience in financial services and capital markets. He is currently Director, Corporate Broking at PAC Partners which is a leading advisory, equity capital markets and research house focused on emerging and mid-cap companies with a strong track record in the resources sector. Ankündigung • Oct 05
West Wits Mining Completes an Airborne Electromagnetic Survey at its Mt Cecelia Project West Wits Mining announced it has completed an airborne electromagnetic survey at its Mt Cecelia Project in the Paterson Province of Western Australia. The HEM survey follows West Wits' local exploration team's initial reconnaissance trip in July which determined access and supply stations for future exploration as well as provide observations of geological outcropping and other features. The field trip identified large areas of the tenement to be under sand cover, a common feature of the Paterson Province, which was a key motivator in commissioning the HEM survey. SkyTEM is a world leader in the delivery of airborne electromagnetic (AEM), magnetic (Mag) and DTM data used in the determination of the value of mineral exploration, hydrological or geotechnical projects. SkyTEM recently completed the helicopter-borne electromagnetic survey covering the entire 225km tenement area, flying 1,205kms survey lines at 200m spacing and 30-50m above ground level. West Wits engaged Southern Geoscience Consultants (SGC) to provide geophysical expertise, having worked closely with SkyTEM previously and being associated with successful discoveries in the Paterson Province over the past 20 years. The preliminary data was received by SGC on a daily basis to independently assess the data quality /coherence (QA/QC) and check for localised potential bedrock anomalism. Five areas with potential anomalism were identified and resulted in a further 12 infill survey lines being completed, totaling an additional 36-line kms, to reduce the survey line spacing to 100m in these localised zones. The infill flying was able to further refine and highlight the central locations for defined anomalies. The collected data will contribute critical information to its project reports and models and will primarily be utilised to: Determine the presence and depth of conductive bodies at depth; Obtain detailed 3D lithological information, including faulting and folding, where present; Provide geophysical input into the geological structural model over the area; and Assist in target definition for exploration drilling. Additional information that may be obtained from the HEM survey data includes: Delineation of geological boundaries and thickness variations of the underlying lithology, possibly identifying deeper seated zones of mineralisation and outlining of possible mineralisation traps; and Assist in improved understanding of major geological structures, which may act as barriers or possible conduits to mineralisation. Final data processing efforts have commenced at SKYTEM with data deliverables due in late October. Final interpretation and enhanced processing will then be undertaken by SGC which is expected to be completed in fourth quarter 2020, identifying the high priority targets and guiding the next stage of exploration, which will be advanced in the Paterson Province region's subsequent field season that commences in April 2021. Reported Earnings • Oct 01
Full year earnings released - AU$0.19 loss per share Over the last 12 months the company has reported total losses of AU$1.51m, with losses narrowing by 81% from the prior year. Ankündigung • Aug 21
West Wits Mining Limited announced that it has received AUD 3.40075 million in funding On August 20, 2020, West Wits Mining Limited (ASX:WWI) closed the transaction. Ankündigung • Aug 15
West Wits Mining Limited announced that it expects to receive AUD 3.40075 million in funding West Wits Mining Limited (ASX:WWI) announced a private placement of 161,940,477 common shares at a price of AUD 0.021 per share for gross proceeds of AUD 3,400,750.017 on August 14, 2020. The transaction will include participation from new and existing unrelated sophisticated and professional investors. 