West Wits Mining Limited · ASX:WWI
West Wits Mining — Investor Presentation (May 2022)
20 slides from West Wits Mining's investor presentation, May 9, 2022
Slide 1: West Wits Mining Investor Presentation - March 2022
West Wits Mining Investor Presentation - March 2022 Progressing strategic transformation to a mid-tier gold producer Witwatersrand Basin Project (WBP), S.A. Mt Cecelia Project, AUS ASX: WWI
Slide 2: Disclaimer
Disclaimer 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 could cause those acts, events and
Slide 3: Investor High Potential Snapshot
Investor High Potential Snapshot Revenue opportunity of USD 2.6 billion1 South Africa, Witwatersrand Western Australia, Eastern Pilbara Witwatersrand Basin Project (WBP) Mt Cecelia Project Significant resource: 4.28 million ounces of gold Up to $10M Farm-In & JV Agreement: JORC Mineral Resource @ 4.
Slide 4: Company Highlights
Company Highlights Opportunity for significant Share Price Growth Well positioned for 2022 upside Capital Structure Shares on Issue 1.84b Market Capitalisation A$64.3m At closing share price of 3.5 cents on 28/03/2022 Cash as at 31/12/2021 A$10.3m Enterprise Value A$54.0m JORC Mineral Resource Estim
Slide 5: Experienced Leadership
Experienced Leadership In-depth ASX Investor and Operations Knowledge Michael Quinert Peter O’Malley Chairman Non-Executive Director ASX-experienced commercial lawyer with US-based investment finance executive with wide-ranging experience advising on extensive involvement in assisting and M&A, debt/
Slide 6: Witwatersrand Basin
Witwatersrand Basin Over 100 years Gold production Located within world-renowned Witwatersrand Basin (SA) Central Rand historically produced over 247 million ounces Low geological risk Historic mine works underground inspection shows stable existing shafts with almost no rock engineering issues sinc
Slide 7: Cornerstone Witwatersrand Basin Project
Cornerstone Witwatersrand Basin Project Significant Mineral Resource3 available on Scoping Study’s ROM production schedule in annual fully permitted mining area ounces of gold by stage over WBP’s 27-year life-of-mine1 3 Bird Reef Central Kimberley Reef East Qala Shallows Qala Deeps Notes: Global MRE
Slide 8: WBS: Uranium enhanced value-add
WBS: Uranium enhanced value-add Opportunity to convert significant Uranium Exploration Target of 12-16mlbs6 into resource at Bird Reef Central Uranium Project Key Milestones 3 Uranium - Exploration Target • Upgrade exploration target to JORC 2012 Compliant Exploration Target - Complete Range - Low H
Slide 9: Witwatersrand Basin Project – Scoping Study
Witwatersrand Basin Project – Scoping Study1 Scoping Study confirms sustainable profitability Staged Mining Qala Shallows (1); Main Reef Package (2); Approach Bird Reef East (3); Qala Deeps (4) Significant 27-year LOM and 16.1 MT at 3.11 g/t Life-of-Mine Estimated USD 1,138/oz up to 800m and All In
Slide 10: Robust Definitive Feasibility Study at Qala Shallows
Robust Definitive Feasibility Study at Qala Shallows2 Qala Shallows DFS covers 60% of Scoping Study Substantial Maiden Declared ore reserve of 3MT at 2.88g/t for Stage 1 Key Milestones Ore Reserve 278 000oz, including Proven Ore Reserve of 830,000t at 3.13g/t for 84,000oz 17-year LOM and 7.3MT at 2.
Slide 11: WBP Operational Advancement 2022
WBP Operational Advancement 2022 Stage 1: Qala Shallows Project Progress Critical infrastructure completed Qala Shallows Boxcut LOM Decline System Decline and box cut Existing Decline Slyping and Rehabilitation rehabilitation completed Early Stoping Panels Establishment On reef underground access pr
Slide 12: WBP Infrastructure
WBP Infrastructure 1. Change Houses and Lamp Room 7 2. Office Complex 6 4 3. Temporary Workshop Area 4. Recently Rehabilitated Box Cut 5 3 5. Run 10t LHD of Minethe cleaning Stockpile box cut roadway Caption here Caption here 6. Generators and Utilities Infrastructure 2 7. Ventilation Shaft 1 1. Box
Slide 13: Mt Cecelia Project
Mt Cecelia Project Up to $10M Joint Venture and Farm-In Regional overview of Paterson Province agreement with global Rio Tinto Mt Cecelia highlighted in red Joint Venture: Rio Tinto (RTX) commits significant expenditure to advance exploration and drilling in 20225 Located approx. 70kms west of RIO W
Slide 14: Mt Cecelia Project
Mt Cecelia Project Key Milestones Eight SGC target zones4 HEM survey: MLTEM survey: Maiden drilling eight exploration Top four priority campaign in target areas with drill targets 2022 field season four deemed (SGC1-4) high priority defined4 14
Slide 15: Why invest in West Wits
Why invest in West Wits Significant enterprise value growth potential Ownership of two projects in stable jurisdictions with resilient board and management team WBP Scoping Study - significant 27-year LOM with free cash flow potential of USD 511 million at USD 1,750 per ounce1 WBP - potential growth
Slide 16: West Wits Mining Limited
WEST WITS MINING LIMITED INVESTOR RELATIONS INVESTOR RELATIONS info@westwitsmining.com Australia North America, Canada and UK +61 3 8692 9049 Victoria Humphries/Peter Taylor Jody Kane/Jonathan Paterson +61 3 8692 9040 Level 6, 400 Collins Street, victoria@nwrcommunciations.com.au jody.kane@harboracc
Slide 17: Appendices
WEST WITS { MINING Appendices
Slide 18: 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 3MT at 2.88g/t for 278 000oz, including Proved Ore Reserve of 830,000t at 3.13g/t for 84,000oz2 Ore Reserve Notes: 1) No Inferred Mineral Resources are included in the Ore Reserves
Slide 19: Appendix 2: References
Appendix 2: References 1. The original report was “Wits Basin Scoping Study” which was issued with consent of the Competent Person, Mr. Andrew Pooley. The report was released to the ASX on 09/03/2022 and can be found on the Company’s website (https://westwitsmining.com/). The Company is not aware of
Slide 20: Appendix 3: Fully compliant BEE ownership in SA
Appendix 3: Fully compliant BEE ownership in SA FULLY COMPLIANT BEE OWNERSHIP West Wits Mining Ltd STRUCTURE • South African projects 33.4% owned by Black Equity (ASX: WWI) Empowerment partner, Lilitha Resources (Pty) Ltd. 90% • Surpasses SA’s Mining Charter requirement of 26% and the slated 30% in