West Wits Mining Limited · ASX:WWI
West Wits Mining — Investor Presentation (August 2020)
17 slides from West Wits Mining's investor presentation, Aug 7, 2020
Slide 1: Investor Presentation ASX Announcement
ASX Announcement (ASX: WWI) Friday, 7th August 2020 INVESTOR PRESENTATION For personal use only West Wits Mining Limited (“WWI”) is pleased to release an updated Investor Presentation following the Environmental Authorisation approval by South Africa’s Department of Mineral Resources1 on the Witwate
Slide 2: Investor Presentation August 2020
Main Westheading Wits Mining Limited (ASX: WWI) For personal use only “Transforming world class mineral resources into Gold” Investor Presentation AUGUST 2020
Slide 3: 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 4: Investment Highlights
Investment Highlights Main heading For personal use only 3.65Moz JORC resource at 3.4g/t1 on Witwatersrand Basin Project (“WBP”), South Africa Gold Project Resource upgrade forecast for Sep-20 Production WWI to commence production in 2021 and aims to build to 50,000 - 60,000oz pa WBP Environmental A
Slide 5: Corporate Overview
Corporate Overview Main heading For personal use only Capital Structure Shares on issue 1.02b 4 Market Capitalisation A$23.5m Cash5 A$1.2m Enterprise Value (EV) A$22.3m EV/Oz A$6.12 Convertible Note 6 1M Notes, US0.7cps convert, 12% interest, 3-5 year term, face US$1.2M value (US$1M) indexed to upli
Slide 6: Gold Market – Record Highs
Gold Market – Record Highs Main heading For personal use only Bank of America Corp. raised its 18-month gold- price target to $3,000 an ounce -- more than 50% above the existing price record -- in a report titled 2020 - RECORD HIGHS “The Fed can’t print gold.”8 HISTORICAL MINE CLOSED ➢ Gold price up
Slide 7: Experienced and Successful Team
Experienced and Successful Team Main heading Jac van Heerden Mining Engineer (MBA) with over 20 years of operations and project experience in South Africa, For personal use only Managing Director DRC and Zimbabwe. His experience has been gained on both underground and open pit mines with a focus in
Slide 8: Central Rand Goldfields
Central Rand Goldfields Main heading For personal use only ➢ Worlds biggest gold deposits, produced over 35% of global production, over 247Moz Au ➢ Central Rand Goldfield has produced WWI’s Witwatersrand Basin Project (WBP) ❑ Produced 41 Moz at ~5g/t ❑ Still significant areas of new ground underexpl
Slide 9: WWI 3.65Moz JORC Resource and Kimberley East Target
WWI 3.65Moz JORC Resource and Main heading Kimberley East Target Category Ore Tonnes (Mt) Grade g/t Au Ounces Au For personal use only Measured 12 3.65 1,420,000 ➢ Majority Measured & Indicated – 66% of 3.65Moz1 Indicated 9.1 3.37 988,000 ➢ Global MRE for West Wits @ 2g/t cut-off1 Measured & Indicat
Slide 10: Scoping Study – Conceptual Mine Plan
Scoping Study – Conceptual Mine Plan Main heading ➢ Positive Independent Scoping Study3 confirms development strategy at For personal use only USD 1,500 gold price ➢ WWI aims for steady state production of 50,000 to 60,000oz pa with growth potential ➢ Five distinct targets identified for staged deve
Slide 11: Scoping Study – Low CAPEX
Scoping Study – LOW CAPEX Main heading Bird Reef Central - Circular Shaft For personal use only ➢ Low CAPEX due to existing infrastructure Main & South Reef – 6 Shaft ➢ NO PLANT - excess capacity in the region ❑ Harmony Gold Doornkop plant - 10km ❑ Sibanye Ezulwini plant - 45km ➢ Scoping study ident
Slide 12: Paterson Province Exploration
Mt Cecelia Main heading Paterson Province Exploration For personal use only ➢ Mt Cecelia project 100% owned ➢ PGN Geoscience specialist study identifies three exploration target areas – Gold, VMS & Manganese11 ➢ Next step aerial geophysics survey late 2020 ➢ RIO to commence drilling at neighbouring
Slide 13: WWI vs Select ASX peers – Undervalued Relative to Peers
WWIMain vs Select headingASX peers Undervalued Relative to Peers For personal use only ASX-listed Explorers by Resource Size OPPORTUNITY FOR Company ASX Resources Grade MV / Resource Market Cap SIGNIFICANT Code (M'oz) (g/t Au) (A$/oz)* (A$'m) GROWTH Cardinal Resources Ltd CDV 6.99 1.13 $53.8 $376 Th
Slide 14: Investment Conclusion
Investment Conclusion Main heading For personal use only TRANSFORM FROM A SMALL-CAP EXPLORER TO SMALL / MID-TIER OPERATOR ➢ Objective 1 – Grow Mineral Resource & Declare Reserve ❑ K9A Exploration Target9 convert for resource upgrade – 3Q 2020 ❑ Commence infill drilling for 5-10 year mine plan – 4Q 2
Slide 15: Appendix 1: BEE Structure
Appendix 1: BEE Structure Main heading For personal use only West Wits Mining Ltd (ASX: WWI) Lilitha (BEE Group) 10% 90% West Wits Mining SA (Pty) Ltd 26% 74% West Wits MLI (Pty) Ltd ➢ West Wits’ South African projects are 33.4% owned by the Black Equity Empowerment partner, Lilitha ➢ The ownership
Slide 16: Appendix 2: References
Appendix 2: References Main heading For personal use only 1 The original report was “Global Resource Grows by 428,000oz Au to 3.67Moz at WBP” which was issued with consent of competent persons Dr Andrew J. Tunks, it was released to the ASX on 16th July 2018 and can be found on the Company’s website
Slide 17: Corporate Contact
Corporate Contact Main heading Ryan Batros For personal use only Investor Relations Ph: +61 (0) 472 658 777 E: ryan@alces.com.au Simon Whyte CFO & CoSec Ph: +61 459 797 101 E: swhyte@WestWitsMining.com West Wits Mining Level 6, 400 Collins Street Melbourne, Victoria 3000
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