West Wits Mining Limited · ASX:WWI
West Wits Mining — Investor Presentation (October 2023)
33 slides from West Wits Mining's investor presentation, October 2023
Slide 1: West Wits Mining Corporate Presentation
WEST WITS MINING SOUTH AFRICA | NEAR TERM GOLD PRODUCER Corporate Presentation | October 2023 | Michael Quinert Qala Shallows, Witwatersrand Basin Project, Gauteng ASX:WWI | OTCQB: WMWWF COPYRIGHT ©2023 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: Corporate Snapshot
CORPORATE SNAPSHOT Transforming into mid-tier gold producer ▪ Dual listed ASX (WWI) & OTCQB (WMWWF) listed minerals exploration & mining company focused on gold / strategic metals ▪ Two stable jurisdictions: o Flagship Witwatersrand Basin Project - Witwatersrand (South Africa) Revenue opportunity of
Slide 4: Share Price & Volumes
SHARE PRICE & VOLUMES SHAREHOLDER BREAKOWN TOP 10 SHAREHOLDERS Wingfield Durban Deep LP 8.7% Citicorp Nominees 5.2% 5% BOARD & MANAGEMENT BNP Paribas Nominees 2.7% BNP Paribas Nominees 2.6% TOP 20 SHAREHOLDERS Supernova Fund 2.5% 48% 38% SBC Global Investment Fund 2.2% TOP 21-50 SHAREHOLDERS BNP Par
Slide 5: Share Price & Volumes
SHARE PRICE & VOLUMES ASX: WWI https://www2.asx.com.au/markets/company/wwi ASX:WWI PAGE | 5
Slide 6: Investor Focused International Board
INVESTOR FOCUSED INTERNATIONAL BOARD SOUTH AFRICA SOUTH AFRICA USA SOUTH AFRICA AUSTRALIA AUSTRALIA SUBSIDIARY EXECUITVE WWI NON-EXECUTIVE WWI NON-EXECUTIVE WWI NON-EXECUTIVE WWI NON-EXECUTIVE WWI CHAIRMAN DIRECTOR / HEAD OF DIRECTOR DIRECTOR DIRECTOR DIRECTOR CORPORATE AFFAIRS Michael Quinert Tozam
Slide 7: Experienced Management Team
EXPERIENCED MANAGEMENT TEAM CHIEF OPERATIONS CHIEF FINANCIAL EXECUTIVE MANAGER HEAD OF GEOLOGY AND OFFICER/COUNTRY OFFICER/COMPANY COMMERCIAL EXPLORATION MANAGER (RSA) SECRETARY Rudi Deysel Martin Bevenlander Keith Middleton Simon Whyte Mining Engineer with Experienced Executive of Chartered Account
Slide 8: South Africa: The Golden Nation
SOUTH AFRICA: THE GOLDEN NATION HISTORICAL PRODUCTION INTERNATIONALLY SOUND DOMINANCE CAPABILITIES RECOGNISED GOVERNANCE EXPERTISE SA has reputation as reliable SA boasts considerable gold SA has access to utilities & Modern mining regulatory gold source & critical player reserves, estimated at near
Slide 9: SA Too Good a Jurisdiction for International Investors to Ignore
SA TOO GOOD A JURISDICTION FOR INTERNATIONAL INVESTORS TO IGNORE INVESTMENT CLIMATE “South Africa’s mining sector delivered a sterling ▪ Boasts most advanced, broad-based economy on African continent performance in the past year, despite several local ▪ Stable institutions; mature financial & servic
Slide 10: Gold: A Global Currency
GOLD: A GLOBAL CURRENCY SAFE HAVEN ASSET AT TIME OF HEIGHTENED RISK “BofA is bullish on gold in 2023E, forecasting an annual ▪ Portfolio diversification in a 13-year global equity bull market average price of $2,009/oz. We think there could be a ▪ Gold price does not have strong relationship with ty
Slide 11: South Africa's Golden Arc
SOUTH AFRICA’S GOLDEN ARC WITWATERSRAND GOLDFIELD ▪ Large basin of metamorphosed conglomerates ▪ Greatest goldfield in the world ▪ Occurs across 4 provinces ▪ Stretches ~350 km long by ~180 km wide ▪ Historical production from >150 mines which extracted >4.5 Gt ore to yield >42 000 t Au at avg grade
Slide 12: Rejuvenation of a Historic Producer
REJUVENATION OF A HISTORIC PRODUCER EGOLI, City of Gold (Gauteng, Johannesburg) ▪ 1900 - 1980: Commencement of mining on Rand Leases & open cut on MRE HISTORY Main Reef & Main Reef Leader by Severin Mining and Development Year Gold Ounces Grade (g/t) Notes (Pty) Ltd Kimberley Reef @ 400m ▪ Most reef
Slide 13: Witwatersrand Basin Project (WBP)
WITWATERSRAND BASIN PROJECT (WBP) Strong Investment Opportunity HIGH TECHNICAL STANDARD ▪ Well understood geology, mineralisation & metallurgy ▪ Historic mine works with existing shafts & well understood rock engineering ▪ Successful “Proof of Mining Method” extraction and stockpiled in 2022 ▪ Close
Slide 14: Witwatersrand Basin Project (WBP)
WITWATERSRAND BASIN PROJECT (WBP) Sustained Profitability MINING RIGHT ▪ Close to city: 15 km to west of Johannesburg, Gauteng Province, South Africa ▪ Focus: 2 existing but closed sites located on historical Rand Leases Gold Mine & Durban Roodepoort Deep Gold Mine ▪ Covers: ~9.5 km of strike of hos
Slide 15: Witwatersrand Basin Project (WBP)
WITWATERSRAND BASIN PROJECT (WBP) ASX:WWI PAGE | 15
Slide 16: Three Distinct Independent Reefs
WITWATERSRAND BASIN PROJECT (WBP) Three Distinct Independent Reefs KIMBERLEY REEF (K9A & K9B) ▪ Divided into discrete mining areas: Qala Shallows & Qala Deeps ▪ Includes the Qala Incline Shaft ▪ Robust & updated Qala Shallows DFS earmarked to produce 924,000oz3 ▪ Qala Deeps remains upside as part of
Slide 17: WBP Mineral Resource Estimate
WITWATERSRAND BASIN PROJECT (WBP) Mineral Resource Estimate WBP MINERAL RESOURCE ESTIMATE (JORC 2012)1 ▪ Significant global Mineral Resources Estimate of 4.28 Moz gold resource @ 4.58 g/t Au ▪ 3 distinct Reef horizons: Kimberley Reef; Bird Reef; Main Reef ▪ Prospecting Right approval expected: will
Slide 18: Qala Shallows DFS on Kimberley Reef
QALA SHALLOWS DFS on Kimberley Reef ROBUST DEFINITIVE FEASIBILITY STUDY3 ▪ Gold produced: 924,000oz ▪ Steady-State production: 70,000oz p/a (9 years) ▪ Ore Reserves : 4.03 million tonnes at 2.71g/t for 351,400 oz gold ▪ Life-of-Mine: 17.7 years RAPID PRODUCTION GROWTH ▪ Critical infrastructure compl
Slide 19: Qala Shallows Fast-tracked Monetisation
QALA SHALLOWS Fast-tracked Monetisation Qala Shallows Financial Evaluation 3 AUG-22 JUL-23 US$1.7B REVENUE OPPORTUNITY3 Total Revenue (USD) $ 1 170 million $ 1 709 million ▪ Estimated peak funding of US$54m (ZAR 943M) over a three-year Total Free Cashflow (USD) $ 268 million $ 522 million period ▪ A
Slide 20: Qala Shallows Cost Curve
QALA SHALLOWS Cost Curve Relative to Peer Gold Group 2022 FY Juniors and Emerging Majors ▪ Has capacity to become one of lowest cost per oz mines in Africa ▪ Truck transport to surface vs. shaft hoisting of rock ▪ Close to surface operations ▪ Mechanised on-reef strike development ▪ Mining contracto
Slide 21: Mine-to-Market Ready Asset
QALA SHALLOWS Mine-to-Market Ready Asset ▪ Robust DFS earmarked to produce 924,000oz3 ▪ Advanced understanding of geology & project economics ▪ Steady-state production of 70,000oz p/a3 ▪ ESG baseline testing & environmental authority ▪ Already produced ore stockpile suitable for nearby plant with to
Slide 22: Qala Shallows Ore Reserve
WITWATERSRAND BASIN PROJECT (WBP) Qala Shallows Ore Reserve QALA SHALLOWS ORE RESERVE3 ORE RESERVE STATEMENT FOR QALA SHALLOWS AT 30 JUNE 2023 (JORC 2012)3 ▪ The updated DFS released to market (July 2023) ▪ Reserve base increased by 21% (61,400 oz) Ore Reserve Tonnage Grade Content Content Reef Type
Slide 23: Bird Reef Central: Uranium Opportunity
BIRD REEF CENTRAL: URANIUM OPPORTUNITY Enhanced Value URANIUM DIAMOND-HOLE DRILLING PROGRAMME EXPLORATION TARGET4 ▪ Designed to confirm uranium mineralisation in Bird Reef stratigraphy Range Low High Tonnes (M) 10 22 PHASE 1 COMPLETED ▪ Phase 1: 3 holes @ 291m completed Grade (ppm) U3O8 300 550 ▪ Ph
Slide 24: Environmental, Social & Governance (ESG)
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 model:
Slide 25: WBP Work Program
WBP WORK PROGRAM Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Witwatersrand Basin Project Short-term and med-term production plan completion Water Use Licence approved by Department of Water Affairs Explosive Permits approvals from South African Police Services Accurate reconciliation between his
Slide 26: Mt Cecelia Project
MT CECELIA PROJECT GREENFIELDS GOLD PROJECT Paterson Province / East Pilbara, Western Australia ASX:WWI | OTCQB: WMWWF
Slide 27: Mt Cecelia Project: Rio Tinto JV & Farm-in
MT CECELIA PROJECT Global Rio Tinto (RTX) JV & Farm-in up to $10m EXPLORATION LICENCE ▪ WWI single sub-block (~225km2) : ~270km ESE of Port Hedland and 200km ENE of Marble Bar ▪ WWI 100% owned tenement for 5 years in good standing SIGNIFICANT DISCOVERIES ▪ Close proximity to significant exploration
Slide 28: Mt Cecelia Project Geology & Mineralisation
MT CECELIA PROJECT Paterson Province / East Pilbara, Western Australia GEOLOGY & MINERALISATION ▪ Regional geological setting is highly prospective & conducive to multiple possible styles of base metal mineralisation ▪ Neoarchaean to Proterozoic units of both Pilbara Craton (Gorge Creek Group) & For
Slide 29: Mt Cecelia Key Milestones
MT CECELIA PROJECT KEY MILESTONES • 2018: Desktop study – re-interpretation of the regional geology and structure • 2020: Completed heliborne electromagnetic survey - identified 8 priority EM targets6 • August 2021: Completed ground geophysical MLTEM surveys: top 4 priority drill targets (SGC1-4) de
Slide 30: Mt Cecelia Maiden Drilling Program
MT CECELIA PROJECT Maiden Drilling Program SIGNIFICANT GOLD INTERCEPTS AT PRIMARY EM SGC_1 TARGET7 ▪ WEWI0001 56m @ 0.55g/t Au from 194m including 20m @ 0.93g/t Au from 194m ▪ WEWI0004 82m @ 0.51g/t Au from 128m including 24m @ 0.95g/t Au from 150m ▪ WEWI0003 & WEWI0005 located ~200m NW of WEWI0001
Slide 31: Mt Cecelia Work Program
MT CECELIA WORK PROGRAM Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Mt Cecelia Project Heritage Surveys and Site Establishment at SGC_1 Maiden Drilling Programme & results at target SGC_1 DHEM surveys at target SGC_1 Technical Review of Exploration Targets and 2024 Field Season Planning, includi
Slide 32: Contact
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 285 Sifon Street, Robertville Melbourne, Victoria +27 (0)78 680 2864 +61 438 101 102 rdeysel@westwitsmining.com keith@middle
Slide 33: 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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