West Wits Mining Limited · ASX:WWI
West Wits Mining — Investor Presentation (October 2025)
22 slides from West Wits Mining's investor presentation, Oct 3, 2025
Slide 1: West Wits Mining Presentation, Munich Mining Conference
ASX Announcement and Media Release Friday, 3 October 2025 West Wits Mining Presentation Munich Germany | Munich Mining Conference West Wits Mining Limited (ASX: WWI) (OTCQB: WMWWF) is pleased to advise that Managing Director, Rudi Deysel will be attending and presenting at the Munich Mining Conferen
Slide 2: West Wits Mining - Munich Mining Conference
WEST WITS MINING SOUTH AFRICA | NEAR-TERM GOLD PRODUCER | ASX:WWI MUNICH MINING CONFERENCE Qala Shallows, Witwatersrand Basin Project, Gauteng ASX:WWI COPYRIGHT ©2025 ALL RIGHTS RESERVED Mining District, Johannesburg, South Africa
Slide 3: 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 This presentation includes “forward-look
Slide 4: Why invest in West Wits
Why invest in West Wits Witwatersrand Basin Project (WBP) - South Africa Qala Shallows (Stage 1) – Robust DFS 17yr Life-of-mine for 944,000oz Existing Cash & Loan Facilities Significant gold resource - 5Moz Gold 70,000oz p/a steady-state production for (65% measured & indicated)1 to Fund Qala Shallo
Slide 5: Corporate Snapshot
CORPORATE SNAPSHOT Transforming into mid-tier gold producer CAPITAL STRUCTURE (ASX:WWI) Shares on issue 3.83B Listed Options (Exercise Price 3.85c, expiring 5th Sep-27) 339M Unlisted Options (exercise price range 2.2c – 25c)* 83.5M Performance Rights 7.5M Convertible Notes^ 2 Market Capitalisation A
Slide 6: 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 involvement in assisting conventional narrow of Australia with and advising publicly tabular und
Slide 7: 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 Peak Funding US$44m US$31m ▪ AISC cost in lowes
Slide 8: 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 Estimate Category (Mt) (g/t) (kg) (oz) ▪ 1.03Moz Gold at 3.0g/t, inclusive of Ore Reserves ▪ Ore Reserves – 4.6Mt at 2.60g/t for 38
Slide 9: Qala Shallows - Mining Plan
QALA SHALLOWS - MINING PLAN Trackless development with conventional stoping – tried and tested ▪ Ore body access from surface via existing decline system ▪ Stopes accessed via strike drives on the K9B reef horizon ▪ Mechanised mining methods with drill rigs, LHDs and ADTs ▪ Conventional mining metho
Slide 10: Qala Shallows - Production Schedule
QALA SHALLOWS - PRODUCTION SCHEDULE GOLD PRODUCTION Updated DFS completed in July 2025 by Bara Consulting2 • DFS (Stage 1) completed: 944,000oz gold @ AISC US$1,289/oz • Initial production: build 30,000T ore stockpile to facilitate delivery of 15,000T/m to Sibanye-Stillwater’s plant • Targeting achi
Slide 11: WWI - Gold Resources
WWI – GOLD RESOURCES GLOBAL MINERAL RESOURCE ESTIMATE (JORC 2012)1 Category Tonnage (Mt) Grade (g/t) Content (oz) 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 ▪ Significant global Miner
Slide 12: WBP - Location & Growth Potential
WBP – LOCATION & GROWTH POTENTIAL SANDTON CBD 5. BIRD REEF CENTRAL (BRC) Gold & Uranium JOHANNESBURG CBD ▪ 2022 Scoping Study: 5 Development stages; Stages 1 – 4 Gold Projects (27-year LoM)4 ▪ Stage 1 (Qala Shallows) - DFS complete (17-year LoM)2 ▪ Adjacent PR granted; additional PR application appr
Slide 13: WBP - MRE & Ore Reserve Growth
WBP - MRE & ORE RESERVE GROWTH 6 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 1.42 2 1.38 1.31 WWI ha
Slide 14: Targeting First Gold Pour Q1 2026
TARGETING FIRST GOLD POUR Q1 2026 2024 2025E 2026E 2027E 2028E H1 H2 H1 H2 H1 H2 H1 H2 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 contract works – major
Slide 15: Key Milestones Driving Value
KEY MILESTONES DRIVING VALUE Milestones Catalysts 2021 ✓ Mining Right granted with 3.5Moz gold MRE8 ❖ First ore production via completed early works development (Oct-25) ✓ Revised Scoping Study on Stages 1 – 45 ❖ Prospecting Right Application to extend WBP footprint ✓ Early Works completed: surface
Slide 16: Completion of Qala Shallows Mobilisation
COMPLETION OF QALA SHALLOWS MOBILISATION ASX:WWI PAGE | 15
Slide 17: WBP Environmental, Social & Governance (ESG)
WBP ENVIRONMENTAL, SOCIAL & GOVERNANCE (ESG) ENVIRONMENTAL STEWARDSHIP & BIODIVERSITY CONSERVATION ▪ Underground operation: Low noise and dust levels ▪ Small surface footprint: Minimal rehab & impact ▪ Efficient water use model: Minimal usage & zero effluent discharge SOCIAL POSITIVE IMPACT OF HOST
Slide 18: westwitsmining.com | info@westwitsmining.com
Qala Shallows Box Cut 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.com.au Roodepoort Austr
Slide 19: Experienced Management Team
EXPERIENCED MANAGEMENT TEAM Mining Engineer with BSc Chemical experience managing Engineering, PGDip large, diverse teams in Industrial Engineering, mining operations, from and MBA. Experience shallow underground spans multiple business mining to deep level gold functions, including mining, operatio
Slide 20: 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 21: 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
Slide 22: Appendix - References continued
APPENDIX 2 – REFERENCES continued 8. The original report was “Global Resource Grows by 428,000oz Au to 3.67Moz at Witwatersrand Basin Project” which was issued with consent of competent persons, Hermanus Berhardus Swart & Dr Andrew J. Tunks and released to the ASX on 16th July 2018 and can be found
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