West Wits Mining Limited · ASX:WWI
West Wits Mining — RIU Resources Roundup Conference 2026
24 slides from West Wits Mining's conference presentation, May 2026
Slide 1: Unlocking Long-Life Gold Production in the Witwatersrand Basin
ASX:WWI Unlocking Long-Life Gold Production in the Witwatersrand Basin Building the Next South African Gold Producer April- May 2026 – East Coast Roadshow & RIU Resources Roundup Conference COPYRIGHT ©2026 ALL RIGHTS RESERVED
Slide 2: Disclaimer
Disclaimer Forward-looking Statements Competent Person Statements This presentation includes “forward-looking statements” as that term within the meaning of securities laws of The original report was “Updates to DFS provide Improved Results for WBP” which was issued with consent of the applicable ju
Slide 3: Why invest in West Wits
Why invest in West Wits Witwatersrand Basin Project (WBP) − South Africa Investment Highlights: Why West Wits Near-Term Gold Production: Qala Shallows in underground development, first ore delivered (Oct 2025) and first gold pour announced on 17 March 2026 Tier-One Asset: Qala Shallows (Stage 1) DFS
Slide 4: Company Snapshot
Company Snapshot Metric Detail Primary Project Witwatersrand Basin Project (WBP), Gauteng, South Africa Ownership 74% West Wits MLI (Pty) Ltd (26% BEE Partner) Resource Base 7.24 Moz @ 4.0g/t11 Mine Type Underground gold mine, Stage 1 DFS Fully Funded & in Development Processing Toll treatment agree
Slide 5: Corporate Snapshot
Corporate Snapshot Transforming into mid-tier gold producer Capital Structure (ASX:WWI) Shares on issue 435M Listed Options (exercise price 38.5c, expiring 05/09/2027) 30M Unlisted Options (exercise price $1.10, expiring 27/01/2029) 22M Various Unlisted Options (exercise price range 22c – $2.50) 33M
Slide 6: Board & Executive Team
Board & Executive Team Michael Quinert Rudi Deysel Simon Whyte Chairman (AUS) CEO (SA) / MD CFO / Company Secretary (AUS) ASX-experienced commercial lawyer with extensive Mining Eng. with Geophysics and MBA. Production Chartered Accountant and Associate Member of the involvement in assisting and adv
Slide 7: The Witwatersrand Basin Opportunity
The Witwatersrand Basin Opportunity South Africa’s Witwatersrand Basin − responsible for ~22% of global historic gold production ▪ Located in one of the world’s richest and most productive gold regions ▪ Historic output: >1.5 billion ounces (40,000 tonnes) ▪ Established mining jurisdiction with mode
Slide 8: Funding Secured for Growth
Funding Secured for Growth Fully funded to steady-state gold production ▪ AUD 42M Cash Balance at 20/03/2026 (including $10M Tribecca cornerstone investment, providing institutional validation) ▪ USD12.5M Nebari Loan Facility (part of a scalable US$35M package) ▪ Executed Senior Debt syndicated loan
Slide 9: Qala Shallows: The Foundation for Growth
Qala Shallows: The Foundation for Growth Fully mobilised Ore production ramping-up from underground workings with first gold pour achieved in Mar-26 Commissioned site infrastructure: power, ventilation, water, LHDs and drill rigs operational Ongoing build-up of new plant, equipment & labour supports
Slide 10: Qala Shallows − Strong Project Economics
Qala Shallows − Strong Project Economics Updated DFS completed in July 2025 by Bara Gold Production Consulting2 1,000 80,000 Recovered Gold (OZ) Ore Tonnes '000s Base Case Financials (at US$2,850/oz): 800 60,000 600 ▪ Revenue: US$2.7 billion 40,000 400 ▪ Free Cash Flow: US$983 million 200 20,000 ▪ N
Slide 11: Qala Shallows − Mining Inventory and Ore Reserve
Qala Shallows − Mining Inventory and Ore Reserve2 Run of mine inventory Run of Mine Inventory (Inclusive Of Ore Reserves) 2 ▪ 1.03Moz Gold at 3.0g/t, inclusive of Ore Mineral Resource Tonnage Grade Content Content Reserves Estimate Category (Mt) (g/t) (kg) (oz) Measured 1.4 2.78 3 167 102 000 ▪ Ore
Slide 12: WWI − Gold Resources
WWI − Gold Resources11 WBP – Global JORC Mineral Resource Estimate as of 01 February 2026 Expansion Potential: Proven Mineralisation and Metallurgy Category Tonnes (M) Grade (g/t AU) Ounces Measured 15.61 4.40 1 991 000 Indicated 26.81 4.03 2 020 000 Measured & Indicated 42.42 4.21 4 012 000 Inferre
Slide 13: WBP − MRE and Ore Reserve Growth
WBP − MRE and Ore Reserve Growth Gold Ounces (Million) MRE 9 increases to ▪ WBP tenement area Inferred Indicated Measured Ore Reserves 7.24Moz @ 4.0g/t Au11 previously held by 8 DFS updated DRD Gold which with 0.38 had a Historical MRE Boost US$2,850/oz 7 declared (2000 ASX Bird Reef & with New gold
Slide 14: WBP − Location and Growth Potential
WBP − Location and Growth Potential 2022 Scoping Study: 4 Development stages; Stages 1 – 4 Gold Projects (27-year LoM)4 Stage 1 (Qala Shallows): DFS complete (17- year LoM)2 Recently granted PR 10839 adds 1.2Moz @ 4.38g/t Au11, providing a natural depth extension to the Qala Shallows gold mine. Stag
Slide 15: Emerging Witwatersrand Basin Uranium-Gold Opportunity
Emerging Witwatersrand Basin Uranium-Gold Opportunity Bird Reef Central (BRC) Project BRC demonstrates potential as standalone uranium–gold projects within the Witwatersrand Basin Located within West Wits’ Witwatersrand Basin Project, leveraging existing geological knowledge, infrastructure & Mining
Slide 16: Project 200 – Defining a Pathway to ~200koz p.a.
Project 200 – Defining a Pathway to ~200koz p.a. Transforming WBP into a scalable , Long-Life Gold Platform Scoping Study Underway ▪ Independent Scoping Study commenced to assess expansion to ~200,000oz p.a. ▪ Bara Consulting appointed (building on Phase 1 trade-off analysis) ▪ Completion targeted J
Slide 17: Qala Shallows Operational Build-Out
Qala Shallows Operational Build-Out ASX:WWI COPYRIGHT © 2026 ALL RIGHTS RESERVED PAGE | 17
Slide 18: WBP Environmental, Social & Governance (ESG)
WBP Environmental, Social & Governance (ESG) Local Enterprise Development: Partnering with community vendors for site catering and logistics Learnership Program: Skills development for local youth Transparency and Inclusion: Active engagement with Wards 40, 41, 42, 43, 44, 45, 49, 70 and 127 through
Slide 19: Investor Relations
INVESTOR RELATIONS SOUTH AFRICA AUSTRALIA Jessica Fertig Unit 8A, Sifon Industrial Park Level 6, 400 Collins Street 279 Sifon Street, Robertville Melbourne, Victoria ir@westwitsmining.com Roodepoort Australia 1709 3000 westwitsmining.com | info@westwitsmining.com ASX:WWI COPYRIGHT © 2026 ALL RIGHTS
Slide 20: Appendix
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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 4.6MT at 2.6g/t for 383,934oz Gold2 Ore Reserve Notes: Ore Reserve Statement For Qala Shallows (JORC 2012) 1. No Inferred Mineral Resources are included in the Ore Reserves. Tonnag
Slide 22: Experienced Management Team
Experienced Management Team Martin Bevenlander Lindiwe Magidimisa Arnoldus Ludick Head of Geology & Head of Projects & Head of Finance & Exploration Business Development Administration (SA) (SA) (SA) Geologist with expertise that spans across BSc Chemical Engineering, PGDip Industrial CGMA, ACMA, AM
Slide 23: References (1/2)
Appendix 2 References (1/2) 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://w
Slide 24: References (2/2)
Appendix 2 References (2/2) 7. The original report was “DFS Delivers Strong Results on 1st Stage of WBP Development” which was issued with consent of Competent Persons Mr. Andrew Pooley. The report was released to the ASX on 02 September 2021 and can be found on the Company’s website (https://westwi
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