West Wits Mining Limited · ASX:WWI
West Wits Mining — Investor Presentation (July 2025)
25 slides from West Wits Mining's investor presentation, Jul 25, 2025
Slide 1: West Wits Mining Investor Presentation (ASX Announcement)
ASX Announcement and Media Release Friday, 25 July 2025 West Wits Mining Investor Presentation West Wits Mining Ltd (“ASX: WWI”, “OTCQB: WMWWF”, “WWI”, “West Wits”, or “the Company”) is pleased to release its Investor Presentation incorporating the recently announced Definitive Feasibility Study (“D
Slide 2: Competent Person notes and references
1. The original report was “Updates to DFS provide Improved Results for WBP” which was issued with consent of the Competent Person, Mr. Andrew Pooley. The report was released to the ASX on 23 July 2025 and can be found on the Company’s website (https://westwitsmining.com/). The Company is not aware
Slide 3: West Wits Mining Hong Kong Investor Presentation July 2025
WEST WITS MINING For personal use only SOUTH AFRICA | NEAR-TERM GOLD PRODUCER | ASX:WWI HONG KONG INVESTOR PRESENTATION – JULY 2025 Qala Shallows, Witwatersrand Basin Project, Gauteng ASX:WWI COPYRIGHT ©2025 ALL RIGHTS RESERVED Mining District, Johannesburg, South Africa
Slide 4: Disclaimer
DISCLAIMER FORWARD-LOOKING STATEMENTS The production target and financial forecasting reported under the Qala Shallows Definitive Feasibility Study (DFS) contain inferred mineral resources. The directors confirm that it is reasonable to include these inferred For personal use only This presentation
Slide 5: Why invest in West Wits
Why invest in West Wits For personal use only Significant gold resource in the WBP – Mineral Resource Estimate WBP - Project 200 - significant growth Witwatersrand Basin Project (WBP) 5Moz Gold opportunity aimed to produce South Africa (65% measured & indicated categories)1 200 000oz Gold per annum
Slide 6: Corporate Snapshot
CORPORATE SNAPSHOT Transforming into mid-tier gold producer CAPITAL STRUCTURE (ASX:WWI) Shares on issue 3.3B Unlisted Options (exercise price range 2.2c – 25c) 124M New options exercise price 3.85c (pending shareholder approval) 326M For personal use only Performance Rights 7.5M Convertible Notes 11
Slide 7: Board & Executive Team
BOARD & EXECUTIVE TEAM ASX-experienced Mining Eng. with Chartered Accountant commercial lawyer Geophysics and MBA. and Associate Member of with extensive Production experience in the Governance Institute For personal use only involvement in assisting conventional narrow of Australia with and advisin
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: Senior Debt Facility Overview
SENIOR DEBT FACILITY OVERVIEW ~USD 50M DEBT SECURED WITH TIER-1 SOUTH AFRICAN FINANCIAL INSTITUTIONS ▪ Senior debt syndicated loan facility of up to ZAR 902.5 million (~USD 50M @ ZAR18.0/USD) (Facility). ▪ Final Credit Approval received from Industrial Development Corporation (IDC) & Absa Bank (Absa
Slide 10: Qala Shallows DFS Financial Model & Funding
QALA SHALLOWS - DFS FINANCIAL MODEL & FUNDING2 KEY FINANCIAL METRICS – DFS Base Case US$2,850/oz GOLD PRICE GOLD PRICE DFS - Financial Evaluation DEFINITIVE FEASIBILITY STUDY US$2,850/oz US$3,850/oz Post-Tax Free Cashflow of US$983m over Life-of-Mine For personal use only ▪ Peak Funding US$44m US$31
Slide 11: WWI Gold Resources
WWI – GOLD RESOURCES GLOBAL MINERAL RESOURCE ESTIMATE (JORC 2012)1 Category Tonnage (Mt) Grade (g/t) Content (oz) For personal use only Measured 10.07 4.60 1 595 000 Indicated 12.29 4.19 1 700 000 Measured & 23.00 4.45 3 295 000 Indicated Inferred 10.49 5.10 1 730 000 Total 33.49 4.66 5 025 000 ▪ Si
Slide 12: WBP Location & Growth Potential
WBP – LOCATION & GROWTH POTENTIAL SANDTON CBD For personal use only 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 Sha
Slide 13: WBP MRE & Ore Reserve Growth
WBP - MRE & ORE RESERVE GROWTH 6 For personal use only 5 0.35 GOLD OUNCES (MILLION) 0.38 WBP tenement area previously held by DRD Gold 4 0.29 which had a Historical MRE 1.51 1.49 - declared (2000 ASX Report) of - 0.28 1.37 12.8Moz at 4.6g/t Gold under 3 1.42 0.60 the previous JORC Code3. 1.21 1.44 1
Slide 14: 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 For personal use only Estimate Category (Mt) (g/t) (kg) (oz) ▪ 1.03Moz Gold at 3.0g/t, inclusive of Ore Reserves ▪ Ore Reserves – 4
Slide 15: 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 For personal use only from the existing Qala adit box cut ▪ The decline is located centrally in the mining area and the K9B footwall ▪ Sto
Slide 16: Qala Shallows Permanent Surface Layout
QALA SHALLOWS - PERMANENT SURFACE LAYOUT2 ▪ Critical infrastructure complete For personal use only ▪ Contracts finalised and being executed ▪ All permits and power/water in place ▪ Mobilisation commenced MINE EXTENSION June 2025 Scoping Study Stage 2 – Main Reef ▪ Pre-production works Stage 3 – Bird
Slide 17: Qala Shallows Production Schedule
QALA SHALLOWS - PRODUCTION SCHEDULE GOLD PRODUCTION Updated DFS completed in July 2025 by Bara Consulting2 For personal use only • DFS completed on first stage of development to deliver 944,000oz gold at AISC of US$1,289/oz • Initial production will provide a robust 30,000 tonne ore stockpile to fac
Slide 18: Targeting First Gold Pour Q4 2025
TARGETING FIRST GOLD POUR Q4 2025 2024 2025E 2026E 2027E 2028E H1 H2 H1 H2 H1 H2 H1 H2 For personal use only Progress completion of Project Finance package Mobilise mining contractors Commission underground mine development Build 30,000t stockpile & start deliveries to Sibanye First gold pour EPCM c
Slide 19: Key Milestones Driving Value
KEY MILESTONES DRIVING VALUE Milestones Catalysts 2021✓ Mining Right granted with 3.5Moz gold MRE8 ❖ Progress completion of Project Finance package (Aug-25) For personal use only ✓ Stage 1 DFS confirms 278koz Reserves & AISC US$1,144/oz1 ✓ MRE increased to 4.3Moz Gold7 ❖ Increase project ownership t
Slide 20: Mobilisation at Qala Shallows is Underway
MOBILISATION AT QALA SHALLOWS IS UNDERWAY For personal use only ASX:WWI PAGE | 18
Slide 21: WBP Environmental, Social & Governance (ESG)
WBP ENVIRONMENTAL, SOCIAL & GOVERNANCE (ESG) ENVIRONMENTAL STEWARDSHIP & BIODIVERSITY CONSERVATION ▪ Complete underground operation: Low noise and dust levels For personal use only ▪ Small footprint & surface infrastructure: Low rehabilitation liability & minimal impact on surrounding environment ▪
Slide 22: Contact details
Qala Shallows Box Cut For personal use only CHIEF EXECUTIVE 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.c
Slide 23: Experienced Management Team
EXPERIENCED MANAGEMENT TEAM Mining Engineer with BSc Chemical experience managing Engineering, PGDip For personal use only large, diverse teams in Industrial Engineering, mining operations, from and MBA. Experience shallow underground spans multiple business mining to deep level gold functions, incl
Slide 24: Appendix 1: Ore Reserve & Mineral Resource Estimate Statements
APPENDIX 1: ORE RESERVE & MINERAL RESOURCE ESTIMATE STATEMENTS Table 1: WBP (JORC) Ore Reserve2 Declared Ore Reserve of 4.6MT at 2.6g/t for 383,934oz 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 25: Appendix - References
APPENDIX 2 - REFERENCES 1. The original report was “WBP Global MRE Increases with New Prospecting Right” which was issued with consent of the Competent Person, Mr Hermanus Berhardus Swart. The report was released to the ASX on 16 December 2024 and can be found on the Company’s website (https://westw