West Wits Mining Limited · ASX:WWI
West Wits Mining — 121 Mining Investment London Conference 2022
20 slides from West Wits Mining's conference presentation, May 2022
Slide 1: WWI Presentation: 121 Mining Investment London Conference
WWI Presentation: 121 Mining Investment London Conference Progressing strategic transformation into a mid-tier gold producer Witwatersrand Basin Project (WBP), S.A. Mt Cecelia Project, AUS ASX: WWI
Slide 2: Disclaimer and Forward-Looking Statements
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 Capital Structure Well positioned for 2022 upside Shares on Issue 1.84b Market Capitalisation A$46m At closing share price of 2.5 cents on 18/05/2022 Cash A$5.7m as at 31/03/2022 Enterprise Value A$40.3m JORC Mineral Resource Estimate
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 extensive involvement in assisting and BOARD US-based investment finance executive with wide-ranging experience advising on M&A,
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 Hig
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 for Life-of-Mine 1.61Moz of Gold Estimated AISC of USD 1,1
Slide 10: Robust Definitive Feasibility Study at Qala Shallows
Robust Definitive Feasibility Study at Qala Shallows2 Qala Shallows DFS covers 60% of Scoping Study Stage 1 Key Milestones Substantial Maiden Declared ore reserve of 3MT at 2.88g/t for 278 000oz, including Proven Ore Reserve Ore Reserve of 830,000t at 3.13g/t for 84,000oz • First Ore – Q1 2022 17-ye
Slide 11: WBP Operational Advancement 2022
WBP Operational Advancement 2022 Stage 1: Qala Shallows Project Progress Critical infrastructure completed Decline and box cut rehabilitation Qala Shallows Boxcut completed LOM Decline System On reef underground access progressing Set up for rapid near term production Existing Decline Slyping and Re
Slide 12: WBP Infrastructure
WBP Infrastructure Change Houses and 1 Lamp Room 7 2 Office Complex 6 4 Temporary Workshop 5 3 3 Area Caption here Recently Rehabilitated 4 Box Cut 2 5 Run of Mine Stockpile Generators and Utilities 6 Infrastructure 1 7 Ventilation Shaft Equipment for surface infrastructure 12
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 Key Milestones
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 Investor Relations
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
West Wits Mining — 121 Mining Investment London Conference 2022 on 6ix