West Wits Mining Limited · ASX:WWI
West Wits Mining — Gold Coast Investment Showcase June 2025
22 slides from West Wits Mining's conference presentation, Jun 25, 2025
Slide 1: West Wits Mining – Gold Coast Investment Showcase June 2025
WEST WITS MINING For personal use only SOUTH AFRICA | NEAR-TERM GOLD PRODUCER | ASX:WWI Gold Coast Investment Showcase June 2025 Qala Shallows, Witwatersrand Basin Project, Gauteng ASX:WWI COPYRIGHT ©2025 ALL RIGHTS RESERVED Mining District, Johannesburg, South Africa
Slide 2: 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 3: 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 4: Corporate Snapshot
CORPORATE SNAPSHOT Transforming into mid-tier gold producer CAPITAL STRUCTURE (ASX:WWI) Shares on issue 3.27B Unlisted Options (exercise price range 2.2c – 25c) 111.5M For personal use only New options exercise price 3.85c (pending shareholder approval) 318M Performance Rights 7.5M Convertible Notes
Slide 5: 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 6: 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 7: 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 8: Qala Shallows - DFS Financial Model & Funding
QALA SHALLOWS - DFS FINANCIAL MODEL & FUNDING2 GOLD PRICE GOLD PRICE KEY FINANCIAL METRICS – DFS Base Case US$1,850/oz DFS - Financial Evaluation US$1,850/oz US$2,200/oz DEFINITIVE FEASIBILITY STUDY Peak Funding US$54m US$43m For personal use only ▪ Post-Tax Free Cashflow of US$522m over Life-of-Min
Slide 9: 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 10: 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 11: WBP - MRE & Ore Reserve Growth
WBP - MRE & ORE RESERVE GROWTH 6 For personal use only WBP tenement area 5 0.35 GOLD OUNCES (MILLION) previously held by DRD Gold which had a Historical MRE 4 0.29 declared (2000 ASX Report) of 1.50 - 12.8Moz at 4.6g/t Gold under 0.28 - 1.37 the previous JORC Code3. 3 1.42 0.60 1.21 WWI has progress
Slide 12: Qala Shallows - Mining Inventory & Ore Reserve
QALA SHALLOWS - MINING INVENTORY & ORE RESERVE2 RUN OF MINE INVENTORY RUN OF MINE INVENTORY (INCLUSIVE OF ORE RESERVES) 2 ▪ >1Moz Gold at 3.04g/t, inclusive of Ore Reserves Mineral Resource Tonnage Grade Content Content For personal use only ▪ Ore Reserves - 4Mt at 2.71g/t for 351,400 oz gold, Estim
Slide 13: 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 14: 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 15: Qala Shallows - Production Schedule
QALA SHALLOWS - PRODUCTION SCHEDULE MINING SCHEDULE & GRADE DFS completed in July 2023 by Bara Consulting2 For personal use only • DFS completed on first stage of development to deliver 924,000oz gold at AISC of US$977/oz • *Initial production will provide a robust 30,000 tonne ore stockpile to faci
Slide 16: 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 17: Key Milestones Driving Value
KEY MILESTONES DRIVING VALUE 2021 Milestones Catalysts ✓ Mining Right granted with 3.5Moz gold MRE8 ❖ Execute legal documents on US$50M Sr. Loan Facility (Jun-25) For personal use only ✓ Stage 1 DFS confirms 278koz Reserves & AISC ❖ Progress completion of Project Finance package (Jun-25) US$1,144/oz
Slide 18: 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 19: Contact
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 20: 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 21: 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 4.03MT at 2.71g/t for 351,424oz Gold2 Ore Reserve Notes: 1. No Inferred Mineral Resources are included in the Ore Reserves. ORE RESERVE STATEMENT FOR QALA SHALLOWS (JORC 2012) 2. T
Slide 22: 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
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