West Wits Mining Limited · ASX:WWI
West Wits Mining — Investor Presentation (September 2025)
21 slides from West Wits Mining's investor presentation, September 2025
Slide 1: West Wits Mining
WEST WITS MINING SOUTH AFRICA | NEAR-TERM GOLD PRODUCER | ASX:WWI SEPTEMBER 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 This presentation includes “forward-look
Slide 3: Why invest in West Wits
Why invest in West Wits 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 Qala Shallows (Stage 1
Slide 4: Corporate Snapshot
CORPORATE SNAPSHOT Transforming into mid-tier gold producer CAPITAL STRUCTURE (ASX:WWI) Shares on issue 3.39B Unlisted Options (exercise price range 2.2c – 25c)* 84.4M Performance Rights 7.5M Convertible Notes^ 3 Market Capitalisation A$119M @ 3.5c per share (on 27/08/2025) Cash – 27/08/2025 A$2.5M
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 involvement in assisting conventional narrow of Australia with and advising publicly tabular und
Slide 6: 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 7: 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 8: 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 from the existing Qala adit box cut ▪ The decline is located centrally in the mining area and the K9B footwall ▪ Stopes will be accessed v
Slide 9: Qala Shallows - Production Schedule
QALA SHALLOWS - PRODUCTION SCHEDULE GOLD PRODUCTION Updated DFS completed in July 2025 by Bara Consulting2 • DFS completed on first stage of development to deliver 944,000oz gold at AISC of US$1,289/oz • Initial production will provide a robust 30,000 tonne ore stockpile to facilitate delivery of 15
Slide 10: 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 11: WBP – Location & Growth Potential
WBP – LOCATION & GROWTH POTENTIAL SANDTON CBD 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.4 ▪ Qala Shallows is Stage 1 of th
Slide 12: 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 13: 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 14: Key Milestones Driving Value
KEY MILESTONES DRIVING VALUE Milestones Catalysts 2021✓ Mining Right granted with 3.5Moz gold MRE8 ✓ Release updated Qala Shallows DFS including ✓ Stage 1 DFS confirms 278koz Reserves & AISC US$1,144/oz7 US$500M Post-Tax NPV7.5 (Jun-25) ✓ MRE increased to 4.3Moz Gold7 ✓ Execute project ownership to
Slide 15: Mobilisation at Qala Shallows is Underway
MOBILISATION AT QALA SHALLOWS IS UNDERWAY ASX:WWI PAGE | 15
Slide 16: WBP Environmental, Social & Governance (ESG)
WBP ENVIRONMENTAL, SOCIAL & GOVERNANCE (ESG) ENVIRONMENTAL STEWARDSHIP & BIODIVERSITY CONSERVATION ▪ Complete underground operation: Low noise and dust levels ▪ Small footprint & surface infrastructure: Low rehabilitation liability & minimal impact on surrounding environment ▪ Efficient water use mo
Slide 17: 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 18: 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 19: 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 20: Appendix 2 - 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 21: Appendix 2 – 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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