West Wits Mining Limited · ASX:WWI
West Wits Mining — Investor Presentation (March 2018)
20 slides from West Wits Mining's investor presentation, Mar 13, 2018
Slide 1: West Wits Mining Limited Investor Presentation March 2018
Main heading West Wits Mining Limited For personal use only (ASX: WWI) “Conglomerate hosted gold focused in two premier regions: Witwatersrand Basin and Pilbara” Investor Presentation March 2018
Slide 2: Disclaimer
Disclaimer Main heading For personal use only This presentation may contain certain forward-looking statements that have been based on current expectations about future acts, events and circumstances. These forward-looking statements are, however, subject to risks, uncertainties and assumptions that
Slide 3: Premier conglomerate hosted gold projects
Premier conglomerate hosted gold projects Main heading For personal use only SOUTH AFRICA AUSTRALIA Witwatersrand Basin Project (WBP) Mt Cecelia & Tambina Projects Production and growth Exploration • Worlds greatest goldfield • Pilbara and Kapvaal once amalgamated • 3.26 Moz resource • New conglomer
Slide 4: WWI's strategy to create value
WWI’s strategy to create value… Main heading For personal use only + = Profitable Mid-tier Exploration Gold Gold Success Production Producer Gold production The team has Production WWI is the only ASX- in South Africa long Wits history updates and listed gold producer and exploring in and corporate
Slide 5: Corporate
Corporate Main heading For personal use only Capital Structure 12-month Share Price Chart 0.04 Shares on Issue 718m Options (var ex prices & dates) 47m 0.03 Market Cap (@ $0.02 @ 06/03/18) A$14m 0.02 Cash (@ 31 Dec 2017) A$2m Enterprise Value (EV) A$12m 0.01 EV/oz A$4/oz 0 2/1/17 2/4/17 2/7/17 2/10/
Slide 6: Witwatersrand Basin and the Pilbara
Witwatersrand Basin and the Pilbara Main heading For personal use only Witwatersand Basin Pilbara conglomerate hosted gold • Worlds biggest gold deposits • The gold rush of the 21st century • Produced over 40% of all gold • An exciting new province 6 6
Slide 7: Gold Deposits of the Central Rand
Gold Deposits of the Central Rand Main heading For personal use only • Central Rand Goldfield has produced over 247Moz and is still producing • WWI’s Project • Produced 41Moz at 5g/t • Still significant areas of virgin ground, untouched by previous mining • Expansive open pit opportunities 7 7
Slide 8: Significant increase in WBP JORC resource
Significant increase in WBP JORC Main heading resource • Gold discovered in 1886 For personal use only • Over 41 Moz produced from six conglomerate reefs • Global Mineral Resource Estimate = 3.26 Moz Au • Over 75% of Au in Measured and Indicated • Historic resource was 12.8 Moz Au* • DRD ceased mini
Slide 9: Gold production at Kimberley Central Open Pit
Gold production at Kimberley Central MainOpen Pit heading For personal use only • Project commenced under government directive (June 2017) • Mining Kimberley Reef • Contract mining • Toll treatment • 12-15 month project life Monthly Production for December Milled1 (T) H-G 12,700t Milled2 (T) M-G 2,5
Slide 10: WBP on self-sustaining footing
WBP onheading Main self-sustaining footing For personal use only In Jan 2018, the WBP remained on a self-sustaining footing: • Monthly production now averages 12-15kt high-grade ore (>2.1g/t Au) from Kimberley Central Open Pit prospect • Average net monthly cashflow for Nov to January exceeded highe
Slide 11: Open pit targets
Open pitheading Main targets For personal use only • Kimberley Central Open Pit was the first mining within the area since 2000 • Five other open pit targets have Main & South Central – Open Pit been defined Main & South East – Open Pit • Next opportunities 1. Main & South Central Open Pit 2. Main &
Slide 12: Route to increased production
Route Maintoheading increased production Q1 For personal use only 2019 MINING RIGHT GRANTED • Open pits and • Building towards underground mining 100k oz Au planned per annum AUGUST MINING PERMIT GRANTED • Mining to commence on M&S Open Pits APRIL 2018 MINING RIGHT APPLICATION SUBMITTED MARCH • 9-12
Slide 13: Historic geology: Pilbara and Kapvaal
Historic Main geology: heading Pilbara and Kapvaal For personal use only • Pilbara and Kapvaal Cratons were amalgamated as part of Archean Proto Continent. • Similar geologic histories • Witwatersrand Gold deposits created in sedimentary basins • Potential in Pilbara to find similar undiscovered con
Slide 14: New frontier: Pilbara conglomerate hosted gold
New frontier: Pilbara Main heading conglomerate hosted gold For personal use only • Australia has been experiencing a 21st century gold rush • Australian projects show similarity to the famous Witwatersrand gold deposits • WWI has secured two exploration opportunities: • Tambina Mining Licences • Mt
Slide 15: Tambina: modern mining operation potential
Tambina: modern mining Main heading operation potential For personal use only Tambina has three GRANTED mining licenses: • Substantial exploration database acquired – drilling, geophysics, sampling • Sampling identified laterally continuous gold bearing conglomerates • Area of mapped conglomerates,
Slide 16: Mt Cecelia: Prospective address
Mt Cecelia: Prospective address Main heading For personal use only • Mt Cecelia project area pending granting in Q1 2018 • Conglomerates of the Lower Fortescue mapped Lower • Good access due to Telfer Fortescue E50/5045 Gas pipeline Grp • Exploration planning underway: • Mapping to confirm Hardey Gr
Slide 17: WWI vs select ASX peers
WWI vs heading Main select ASX peers For personal use only WWI undervalued relative to peers ASX Market Cap @ Gold Resource Mkt Cap / OZ Corporate Code 6/3/18 (A$m) (Moz) (A$/oz) Artemis Resources ARV 125 - - De Grey Mining DEG 39 0.41 96 DGO Gold DGO 6 - - Kairos Minierals KAI 32 0.28 114 Marindi M
Slide 18: Key takeaways
KeyMain takeaways heading For personal use only • Strategic transformation to become a mid-tier gold producer with operations in the Witwatersrand Basin and Pilbara • Self-sustaining Witwatersrand Basin Project: • Ongoing production; • Grow resource; and • Securing mining rights • Leveraging the geo
Slide 19: Board and Management
Board Mainand Management heading For personal use only Michael Quinert Hulme Scholes Daniel (Niel) Pretorius Vincent Savage Dr. Andrew Tunks Executive Chairman Non-Executive Director Non-Executive Director Non-Executive Director Exploration Director Board Since: April 2007 Board Since: March 2011 Bo
Slide 20: Corporate contacts
Corporate contacts Main heading Andrew Tunks For personal use only Exploration Director Ph: +61 400 205 555 E: ajtunks@westwitsmining.com Simon Whyte Corporate & Investor Relations Ph: +61 459 797 101 E: swhyte@westwitsmiming.com West Wits Mining Suite 1, Level 6, 50 Queen St Melbourne, Victoria 300
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