West Wits Mining Limited · ASX:WWI
West Wits Mining — Shareholder Meeting (November 2016)
20 slides from West Wits Mining's shareholder meeting presentation, Nov 25, 2016
Slide 1: Annual General Meeting – Chairman's Report
Main heading For personal use only West Wits Mining Limited (ASX: WWI) Annual General Meeting – Chairman’s Report November 2016 Explore, Evaluate, Extract
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 th
Slide 3: Mission Statement
Mission Statement Main heading For personal use only “To establish a mining plan at the Soweto Cluster Gold Project which can sustain production of 100,000 ounces per year for at least 10 years” 3
Slide 4: 2016 From Explorer to Producer – Key Highlights
Main–heading 2016 From Explorer to Producer For personal use only Key Highlights • Historical JORC resource released of 12.82Moz @ 4.6g/t to a 3,100m depth • JORC resource established of 1.374Moz @ 3.34g/t to a 400m depth • Sol Plaatje in production - ~14,000 tonnes of ore extracted to date with gra
Slide 5: Executive Summary
Executive Summary Main heading For personal use only South Africa • Project located in historic Central Rand Goldfield (produced ~270Mozs), Johannesburg • Project leases have historically produced in excess of 30Mozs • 12.82Moz Historic JORC Resource to 3,100m depth (refer page 8 for source) • Strat
Slide 6: Soweto Cluster Gold Project - South Africa
Soweto Cluster Gold Project - South Africa Main heading For personal use only • Goal is to develop a mine plan to produce 100,000ozs per annum for at least 10 years • Strategy: 1. Establish a number of surface operations to generate strong cashflow Soweto Cluster 2. Use cashflow to develop a number
Slide 7: Mineral Resource Statement
Mineral Resource Statement Main heading For personal use only Soweto Cluster Gold Project – Global Mineral Resource Estimate – 2 g/t cut-off Category Tonnes Millions Grade g/t Au Ounces Au Measured 2.21 4.25 302,300 Indicated 5.6 3.3 592,500 Measured & Indicated 7.81 3.57 894,800 Inferred 4.9 3.1 48
Slide 8: Project Background
Project Background Main heading • Soweto Cluster comprises two historic mining For personal use only centres - Durban Deeps & Rand Leases • 12.8Moz Historical Estimate previously released by DRD Ltd in 2000 • DRD ceased mining operations in June ‘00 citing low Au price & unionised workers • Original
Slide 9: Exploration Targets – Surface & Underground
Main headingTargets – Surface & Underground Exploration For personal use only 9
Slide 10: SPP - Surface Project
SPP - Surface Main heading Project no. 1 • 1.5km section of strike of Kimberly Reef outcrop For personal use only • Contract mining agreement in place • West Wits paid at a rate equal to 0.6 grams of gold (currently circa USD 25) for each tonne of ore removed • No Opex or Capex requirement • Stage 1
Slide 11: Further Surface Projects
Further Surface Projects Main heading For personal use only • SPP is the catalyst to re-establish serious mining operations at the Soweto Cluster • Cashflow from SPP will be applied to expedite development plans for whole tenement • Develop a number of surface lookalike projects to SPP • Development
Slide 12: Processing Options
Processing Main headingOptions For personal use only Central Rand Gold Plant 12
Slide 13: Indonesia - Derewo River Gold Project
Indonesia - Derewo Main heading River Gold Project For personal use only • Political/physical isolation delayed discovery until 2004 • New local partner is a subsidiary of PT Toba Sejahtra • Alluvial Gold Project (50%) • 40 Ha granted mining lease • Coarse nuggets contained in terraces along Derewo
Slide 14: Opportunity Remains
Opportunity Main headingRemains For personal use only Only one major gold producer on Indonesian side Indonesian side of New Guinea Island 14
Slide 15: PT Toba Sejahtra
PTMain Toba Sejahtra heading For personal use only • New partner for the Derewo River Gold Project • PT Toba Sejahtra (Toba Sejahtra) group of companies - founded in 2004 with four business areas: coal, oil & gas, power plant and agriculture. Looking to expand into minerals with a particular focus o
Slide 16: Exploration Project
Exploration Main headingProject For personal use only • 3 initial sites identified – exploration plans in place • Wopogi will be first site investigated • Program(s) designed to evaluate de-magnetised zones at Wopogi and Sena • Initial program of approx. 300-500 samples to confirm the anomalism esta
Slide 17: Corporate – Capital Structure
Corporate Main heading For personal use only Capital Structure as of 25/11/16 Shares on Issue 456,203,370 Options (var ex prices & dates) 31,000,000 Market Cap (@ $0.027) ~ $12.32m Cash ~ $0.3m Debt A$0 Enterprise Value ~ $12.02m Major Shareholders (Top 5) % Twynam Agricultural Group Pty Ltd 19.9% D
Slide 18: Board & Expert Consultants
Board & Expert Consultants Main heading For personal use only Board Michael Quinert • 30 years as a commercial lawyer, including three years with the Australian Securities Exchange Ltd Executive Chairman and 21 years as a partner in a Melbourne law firm Board Since: 13 April ‘07 • Extensive experien
Slide 19: Looking forward
Looking forward Main heading For personal use only • Continue to expand operations at SPP – Pits 2,3,4 & 5 • Develop 1- 2 further surface projects over next 12 months • Further drill programs designed to expand Company’s JORC statement • Continue to develop mining plan to underpin a 100,000 oz au pa
Slide 20: Company Contacts
Company Contacts Main heading For personal use only Michael Quinert Tim Chapman Executive Chairman Corporate & Investor Relations Ph: +61 3 8692 9049 Ph: +61 3 8692 9049 Suite 1, Level 6, 50 Queen St Suite 1, Level 6, 50 Queen St Melbourne, Victoria 3000 Melbourne, Victoria 3000 20
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