West Wits Mining Limited · ASX:WWI
West Wits Mining — Investor Presentation (May 2008)
23 slides from West Wits Mining's investor presentation, May 19, 2008
Slide 1: West Wits Mining Limited Investor Update May 2008
For personal use only West Wits Mining Limited Investor Update May 2008
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 that
Slide 3: Executive Summary
Executive Summary Main heading For personal use only • West Wits Mining Limited (ASX:WWI) successfully listed on ASX on 19 December 2007 • WWI raised $15m issuing 75,000,000 fully paid ordinary shares • Cash at bank at the end of the March Quarter was $14.1m • WWI based on the current 5 day VWAP of
Slide 4: Project Background
Project Background Main heading For personal use only • The Company’s project areas are located within the north western margin of the Witwatersrand Basin, west of Johannesburg, South Africa • The Witwatersrand Basin is regarded as one of the largest mineralised gold and uranium systems in the world
Slide 5: Project Overview
Project Main Overview heading For personal use only • Company’s leases have historically produced approx. 61.4m ounces of gold and approx. 35m pounds of uranium • Leases include the historic Rand Leases, Durban Roodepoort Deep Lease, East Champ D’Or Lease, Luipaardsvlei Lease, West Rand Consolidated
Slide 6: Regional Geology
Regional Geology Main heading For personal use only • Witwatersrand Basin is regarded as one of the largest mineralised gold and uranium systems in the world • Rich, continuous multiple reef ore bodies 6
Slide 7: Geological Setting – Reef Characteristics
Geological Setting – Reef Characteristics Main heading For personal use only • Witswatersrand Basin hosts conglomerate layers (reefs) which possess gold and uranium mineralisation • Over hundreds of millions of years layers of mineralised alluvial conglomerates were deposited into this basin • These
Slide 8: Project Location – Local Setting
Project Location – Local Setting Main heading For personal use only 8
Slide 9: Project Location – Regional setting & historical production
Project Location – Regional setting & historical Main heading production For personal use only 9
Slide 10: Project Opportunities
Project Opportunities Main heading For personal use only • What makes this exploration play so prospective? ¾ virgin untested reef still exists in a historically productive geological setting ¾ outcropping reef and near surface mineralisation may provide open cut mining opportunities ¾ potential for
Slide 11: Exploration Strategy
Exploration Strategy Main heading For personal use only • Exploration model to test three broad mineralisation targets: • Delineate potential near surface open cut mining opportunities down to 70m • Carry out an exploration program on previously unmined reefs to depth (500m) • Delineate mineralisati
Slide 12: Exploration Program – DRD Lease
Exploration Program – DRD Lease Main heading For personal use only 12
Slide 13: DRD Lease – Kimberley Reef
DRD Lease Main – Kimberley Reef heading • For personal use only Kimberley reef mineralised with gold only • WWI believes there maybe opportunities between surface and old workings 70m below surface • Exploration model designed to test for near surface mineralisation with the view to developing open
Slide 14: DRD Lease – Kimberley Reef
DRD Lease Main – Kimberley Reef heading • For personal use only RC drilling results include: PK010 3m at 4.58 g/t Au from 65m PK010 3m at 1.52 g/t Au from 21m • Sample results from trenching program included: Trench 3 - 5.1 g/t Au over 1.39m Trench 3 - 4.74 g/t Au over 1.1m • Board resolution passed
Slide 15: DRD Lease – Bird Reef
DRD Lease Main – Bird Reef heading • Bird reef remains For personal use only untested within the DRD lease • Initial program focussed on testing the reef for potential uranium mineralisation • Reef outcrops at surface • Reef remains open at depth • Bird Reef was not previously exploited on DRD Lease
Slide 16: DRD Lease – Bird Reef
DRD Lease Main – Bird Reef heading • 20 DDH’s completed in initial For personal use only 4000m program • Approx. 3300m of RC pre-collars also drilled • Each hole has intersected the Bird Reef Group • Program tested reef mineralisation down to maximum 500 metres vertical depth over a strike length of
Slide 17: Rand Leases
Rand MainLeases heading • For personal use only Mine opened in early 1900’s • Main Reef Leader and South Reef most productive reefs on lease Target Area • Mine historically produced 10.61m oz’s at 5.87 g/t • Priority target will be an unmined section Kimberley reef which sits on the eastern boundary
Slide 18: East Champ D'Or Lease
East MainChamp D’Or Lease heading For personal use only • Mine originally opened in 1894 • Mine historically produced approx. 1.33m oz’s Au at 5.82g/t and 1.22m lbs of uranium • Surface area of lease (4.7km²) remains largely undeveloped allowing immediate access • Explore potential for near surface
Slide 19: West Wits, West Rand Consolidated and Luipaardsvlei Leases
West Wits, West Rand Consolidated and Luipaardsvlei Leases Main heading For personal use only • West Wits to investigate the potential for shallow (down to 50-70metres vertical) gold and uranium mineralisation on each of these leases. • Shallow investigation aimed at establishing the potential for s
Slide 20: Board of Directors
Board Mainof Directors heading • For personal use only Mike Quinert, Chairman, LL.B, B.Ec – Commercial lawyer with over 20 years experience. Mike has extensive experience in advising public companies on capital raisings and market compliance issues, specifically listed mining companies. • Grant Ferg
Slide 21: Capital Structure
Capital Structure Main heading For personal use only 21
Slide 22: Issued Capital and Top Shareholders
Issued Capital and Top Shareholders Main heading For personal use only Issued Capital Shares Market Capitalisation Fully Paid Ordinary Shares 121.75m $25m Shares to acquire DRD’s holding from WWI 38.25m $7.8m subsidiary Fully diluted market capitalisation 160.00m $32.8m Existing unlisted Options 9.3
Slide 23: Investment Opportunity
Investment Opportunity Main heading For personal use only • Historic Gold and Uranium Project Leases • World class historical production • Existing outcropping reefs • Near surface potential mineralisation • Virgin untested reefs on specific leases • Reefs open at depth • Potential for previously un