West Wits Mining Limited · ASX:WWI
West Wits Mining — Bell Potter Unearthed Natural Resources Conference 2025
22 slides from West Wits Mining's conference presentation, Feb 12, 2025
Slide 1: ASX Announcement: West Wits Mining Presentation
ASX Announcement and Media Release Wednesday, 12 February 2025 West Wits Mining Presentation Bell Potter Unearthed Natural Resources Conference West Wits Mining Limited ("West Wits" or "the Company") is pleased to announce that on 12 February 2025 its Chairman, Mr Michael Quinert, will present at th
Slide 2: Competent Person reference notes
1. The original report was “Updates to DFS Provide Improved Results for WBP”, which was issued with the consent of Competent Persons, Mr. Andrew Pooley. The report was released to the ASX on 26 July 2023 and can be found on the Company’s website (https://westwitsmining.com/). The Company is not awar
Slide 3: West Wits Mining - Near Term Gold Producer
WEST WITS MINING For personal use only SOUTH AFRICA | NEAR TERM GOLD PRODUCER Michael Quinert, Chairman ASX:WWI Bell Potter Unearthed| February 2025 Qala Shallows, Witwatersrand Basin Project, Gauteng ASX:WWI COPYRIGHT ©2025 ALL RIGHTS RESERVED Mining District, Johannesburg, South Africa
Slide 4: Disclaimer
DISCLAIMER FORWARD-LOOKING STATEMENTS COMPETENT PERSON STATEMENTS For personal use only This presentation includes “forward-looking statements” as that term within the meaning of securities laws of The original report was “Updates to Qala Shallows DFS provide improved results for Witwatersrand Basin
Slide 5: 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 6: Corporate Snapshot
CORPORATE SNAPSHOT Transforming into mid-tier gold producer CAPITAL STRUCTURE (ASX:WWI) Shares on issue 2.56B Unlisted Options (exercise price range 2.2c – 25c) 141.5M For personal use only Performance Rights 7.5M Convertible Notes 50* Market Capitalisation A$41M @ 1.6c per share (on 29/01/2025) Cas
Slide 7: Strong Management Team Overseen & Supported by International Board
STRONG MANAGEMENT TEAM OVERSEEN & SUPPORTED BY INTERNATIONAL BOARD For personal use only TOZAMA KULATI MICHAEL QUINERT RUDI DEYSEL SIWISA HULME SCHOLES JAC VAN HEERDEN WARWICK GRIGOR Chairman (AUS) CEO (SA) Exec Dir/Head of Non-Exec Dir (SA) Non-Exec Dir (SA) Non-Exec Dir (AUS) Corp Affairs (SA) ASX
Slide 8: 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 9: WWI – Gold Resources
WWI – GOLD RESOURCES GLOBAL MINERAL RESOURCE ESTIMATE (JORC 2012)1 For personal use only 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 ▪ Si
Slide 10: 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 11: 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 For personal use only ▪ Historic mine works with existing shafts & well understo
Slide 12: Qala Shallows - Mining Inventory & Ore Reserve
QALA SHALLOWS - MINING INVENTORY & ORE RESERVE2 RUN OF MINE INVENTORY For personal use only ▪ >1Moz Gold at 3.04g/t, inclusive of Ore Reserves ▪ Ore Reserves - 4Mt at 2.71g/t for 351,400 oz gold, comprises 35% of the mining inventory RUN OF MINE INVENTORY (INCLUSIVE OF ORE RESERVES) 2 ▪ During the f
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 ▪ Stope
Slide 14: Qala Shallows Permanent Surface Layout
QALA SHALLOWS PERMANENT SURFACE LAYOUT2 ▪ Critical infrastructure completed For personal use only ▪ Contract terms finalised with key suppliers ▪ Mining Right & Environmental Authorisation granted MINE EXTENSION Scoping Study ▪ 7.5MVA power allocation Stage 2 – Main Reef Stage 3 – Bird Reef East rec
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 ▪ From the project start date, there is a 6 - 8 week period to mobilise contract
Slide 16: Qala Shallows DFS Financial Model & Funding
QALA SHALLOWS DFS FINANCIAL MODEL & FUNDING KEY FINANCIAL METRICS – DFS Base Case US$1,850/oz DFS - Financial Evaluation2 GOLD PRICE GOLD PRICE US$1,850/oz US$2,200/oz DEFINITIVE FEASIBILITY STUDY2 Peak Funding US$54m US$43m For personal use only ▪ Post-Tax Free Cashflow of US$522m over Life-of-Mine
Slide 17: Targeting First Gold Pour Q4 2025
TARGETING FIRST GOLD POUR Q4 2025 2024 2025E 2026E 2027E 2028E For personal use only H1 H2 H1 H2 H1 H2 H1 H2 Due Diligence completed on Sr Debt Facility Project Finance package with 50% - 60% Sr Debt Mobilise mining contractors & execute first blast Build 30,000t stockpile & start deliveries to Siba
Slide 18: Key Milestones Driving Value
KEY MILESTONES DRIVING VALUE Milestones Catalysts 2021 For personal use only ✓ Mining Right granted with 3.5Moz gold MRE8 ❖ Complete Project Finance package ✓ Stage 1 DFS confirms 278koz Ore Reserve & AISC US$1,144/oz1 ❖ Commission UG mine development ✓ MRE increased to 4.3Moz Gold7 ❖ First ore prod
Slide 19: 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 20: Contact details
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 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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