West Wits Mining Limited · ASX:WWI
West Wits Mining — Investor Presentation (November 2024)
18 slides from West Wits Mining's investor presentation, November 2024
Slide 1: West Wits Mining Corporate Presentation November 2024
WEST WITS MINING SOUTH AFRICA | NEAR TERM GOLD PRODUCER Corporate Presentation | November 2024 Qala Shallows, Witwatersrand Basin Project, Gauteng ASX:WWI | OTCQB: WMWWF COPYRIGHT ©2024 ALL RIGHTS RESERVED Mining District, Johannesburg, South Africa
Slide 2: Disclaimer
DISCLAIMER FORWARD-LOOKING STATEMENTS COMPETENT PERSON STATEMENTS This presentation includes “forward-looking statements” as that term within the meaning of securities laws of The original report was “Updates to Qala Shallows DFS provide improved results for Witwatersrand Basin applicable jurisdicti
Slide 3: Why invest in West Wits
Why invest in West Wits ASX:WWI OTCQB:WMWWF Significant gold resource in the WBP – Mineral Resource Estimate WBP - Project 200 - significant growth Witwatersrand Basin Project (WBP) 4.28Moz Gold opportunity aimed to produce South Africa (70% measured & indicated categories)1 200 000oz Gold per annum
Slide 4: Corporate Snapshot
CORPORATE SNAPSHOT Transforming into mid-tier gold producer CAPITAL STRUCTURE (ASX:WWI) Shares on issue 2.54B Unlisted Options (exercise price range 2.2c – 25c) 223M Performance Rights 10M Convertible Notes 60* Market Capitalisation @1.53c per share A$39M (15-day VWAP on 07/11/2024) Cash - 30/09/202
Slide 5: Strong Management Team Overseen & Supported by International Board
STRONG MANAGEMENT TEAM OVERSEEN & SUPPORTED BY INTERNATIONAL BOARD RSA SUBSIDIARY AUSTRALIA EXEC DIRECTOR / SOUTH AFRICA SOUTH AFRICA AUSTRALIA WWI CHAIRMAN HEAD OF CORP WWI NON-EXEC WWI NON-EXEC WWI NON-EXEC AFFAIRS DIRECTOR DIRECTOR DIRECTOR Michael Quinert Tozama Kulati Siwisa Hulme Scholes Jac v
Slide 6: WBP – Location & Growth Potential
WBP – LOCATION & GROWTH POTENTIAL SANDTON CBD 5. BIRD REEF CENTRAL (BRC) Gold & Uranium JOHANNESBURG CBD ▪ 2022 Scoping Study identified Five (5) distinct development stages for the Witwatersrand Basin Project with Stages 1 – 4 Gold Projects for a 27yr Life of Mine.6 ▪ Qala Shallows is Stage 1 of th
Slide 7: Witwatersrand Basin Project (WBP) - Geology
WITWATERSRAND BASIN PROJECT (WBP) - GEOLOGY GLOBAL MINERAL RESOURCE ESTIMATE (JORC 2012)1 Category Tonnage (Mt) Grade (g/t) Content (oz) Measured 8.8 4.60 1 449 000 Indicated 11.26 4.19 1 517 000 Measured & 21.06 4.38 2 967 000 Indicated Inferred 7.98 5.10 1 309 000 Total 29.05 4.58 4 276 000 ▪ Sign
Slide 8: Qala Shallows Gold Project
QALA SHALLOWS GOLD PROJECT The Qala Shallows Gold Project (South Africa) comprises a low-risk, shallow underground mine utilising contract mining with ore treated at an existing operational plant HIGH TECHNICAL STANDARD ▪ Historic mine works with existing shafts & well understood rock engineering ▪
Slide 9: Qala Shallows - Mining Inventory & Ore Reserve
QALA SHALLOWS - MINING INVENTORY & ORE RESERVE2 RUN OF MINE INVENTORY (INCLUSIVE OF ORE RESERVES) 2 RUN OF MINE INVENTORY Mineral Resource Tonnage Grade Content Content ▪ >1Moz Gold at 3.04g/t, inclusive of Ore Reserves Estimate Category (Mt) (g/t) (kg) (oz) ▪ Ore Reserves - 4Mt at 2.71g/t for 351,4
Slide 10: Qala Shallows Mining Plan
QALA SHALLOWS MINING PLAN Trackless development with conventional stoping – tried and tested ▪ Ore body is accessed from surface via a decline system developed from the existing Qala adit box cut ▪ The decline is located centrally in the mining area and the K9B footwall ▪ Stopes will be accessed via
Slide 11: Qala Shallows Approvals & Infrastructure
QALA SHALLOWS APPROVALS & INFRASTRUCTURE Mine-to-Market Ready Asset PERMANENT SURFACE SITE LAYOUT ▪ Critical infrastructure completed ▪ Decline & box cut rehabilitation completed ▪ Mining blocks available by access ▪ Contract terms finalised with key suppliers o Mining contractor (Modi Mining) o Tol
Slide 12: Qala Shallows Production Schedule
QALA SHALLOWS PRODUCTION SCHEDULE MINING SCHEDULE & GRADE DFS completed in July 2023 by Bara Consulting2 ▪ DFS completed on first stage of development to deliver 924,000oz gold at AISC of US$977/oz ▪ From the project start date, there is a 6 - 8 week period to mobilise contractors and purchase initi
Slide 13: Qala Shallows DFS Financial Model & Funding
QALA SHALLOWS DFS FINANCIAL MODEL & FUNDING GOLD PRICE GOLD PRICE KEY FINANCIAL METRICS – DFS Base Case US$1,850/oz DFS - Financial Evaluation2 US$1,850/oz US$2,200/oz DEFINITIVE FEASIBILITY STUDY2 Peak Funding US$ 54m US$ 43m ▪ Post-Tax Free Cashflow of US$522m over Life-of-Mine Payback Period 4.1
Slide 14: WBP Bird Reef Central: Uranium & Gold Opportunity
WBP BIRD REEF CENTRAL: URANIUM & GOLD OPPORTUNITY Presence of uranium mineralisation within the Bird Reef sequence provides significant opportunity for the BRC to become a joint gold and uranium operation. URANIUM EXPLORATION TARGET4 BRC Uranium Project has the potential to become a standalone mine
Slide 15: WBP Environmental, Social & Governance (ESG)
WBP ENVIRONMENTAL, SOCIAL & GOVERNANCE (ESG) ENVIRONMENTAL STEWARDSHIP & BIODIVERSITY CONSERVATION ▪ Complete underground operation: low noise and dust levels ▪ Small footprint & surface infrastructure: low rehabilitation liability & minimal impact on surrounding environment ▪ Efficient water use mo
Slide 16: westwitsmining.com | info@westwitsmining.com
Qala Shallows Box Cut CHIEF OPERATIONS OFFICER INVESTOR RELATIONS SOUTH AFRICA AUSTRALIA Rudi Deysel Keith Middleton Unit 8A, Sifon Industrial Park Level 6, 400 Collins Street 279 Sifon Street, Robertville Melbourne, Victoria rdeysel@westwitsmining.com keith@middletoncorporate.com.au Roodepoort Aust
Slide 17: Appendix 1: Ore Reserve & Mineral Resource Estimate Statements
Appendix 1: Ore Reserve & Mineral Resource Estimate Statements Table: WBP (JORC) Ore Reserve2 Declared ore reserve of 4.03MT at 2.71g/t for 351,424oz Gold2 Ore Reserve Notes: 1. No Inferred Mineral Resources are included in the Ore Reserves. ORE RESERVE STATEMENT FOR QALA SHALLOWS (JORC 2012) 2. The
Slide 18: References
REFERENCES 1. The original report was “WBP’s Global JORC Mineral Resource Expands by 724,000oz to 4.28MOZ at 4.58 g/t Gold” which was issued with consent of the Competent Person, Mrs Cecilia Hattingh. The report was released to the ASX on 3 December 2021 and can be found on the Company’s website (ht
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