Information in this presentation correct as of 17/05/2018
West Wits Mining (ASX:WWI) is progressing a strategic transformation to position itself as a mid-tier gold producer with operations in the Witwatersrand Basin and Pilbara. WWI recently revised its JORC Mineral Resource Estimate on the Witwatersrand Basin Project’s (WBP) to 3.26Moz (75% measured and indicated) and re-commenced open pit mining in mid-2017 through a government directive, delivering free cash flow and moving WBP to a self-sustaining footing.
West Wits’ acquisitions of two exploration opportunities in the Pilbara, Mt Cecelia and Tambina projects which are both part of the Lower Fortescue Group, enable the Company to leverage its extensive in-house conglomerate gold experience to expedite exploration activity in this highly prospective new conglomerate hosted gold frontier. The purchase of the Tambina project provides access to three existing mining leases, which will enable West Wits to switch to small-scale modern mining operations as it actively progresses, placing it well ahead of its peers.
