West Wits Mining Limited · ASX:WWI
West Wits Mining — Shareholder Meeting (November 2015)
20 slides from West Wits Mining's shareholder meeting presentation, Nov 30, 2015
Slide 1: West Wits Mining Limited Annual General Meeting
Main heading For personal use only West Wits Mining Limited (ASX: WWI) Annual General Meeting November 2015 Explore, Evaluate, Extract
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 th
Slide 3: Executive Summary
Executive Summary Main heading Overview • Listed on ASX in 2007 For personal use only • Gold Explorer with projects located in Indonesia (Papua Province) & South Africa (Central Rand) • Significant recent progress in both locations • Fully Funded with successful underwritten rights issue & placement
Slide 4: Corporate
Corporate Main heading • Underwritten Rights Issue (Oct 15) completed to raise For personal use only ~$1.1m at 1.4 cents per share • Placement completed (Oct 15) to raise a further ~ $1m at 1.8 cents per share • Funds used to provide working capital for the Company as well as capacity and flexibilit
Slide 5: Board & Expert Consultants
Board Main & Expert Consultants heading For personal use only Board Michael Quinert • 29 years as a commercial lawyer, including three years with the Australian Securities Exchange Ltd Executive Chairman and 21 years as a partner in a Melbourne law firm Board Since: 13 April ‘07 • Extensive experien
Slide 6: Indonesia: Derewo River Gold Project
INDONESIA Main heading For personal use only Derewo River Gold Project • Political/physical isolation delayed discovery until 2004 • Alluvial Gold Project (50%) • 40 Ha granted mining lease • Coarse nuggets contained in terraces along Derewo River • +150,000 oz Au recovered by artisanal miners over
Slide 7: First Mover Advantage
First Mover Main headingAdvantage For personal use only Only one major gold producer on Indonesian side Indonesian side of New Guinea Island 7
Slide 8: Tenement Area
Tenement Area Main heading For personal use only Add scale & Distance (legend) 8m oz??? 8
Slide 9: Alluvial Project - Overview
Alluvial Project - Overview Main heading For personal use only Airstrip Initial Mining Site Base Camp Access Road 9
Slide 10: Alluvial Project – Commissioning Underway
Alluvial Project – Commissioning Underway Main heading For personal use only • Access gained in Oct 15 • Clearing of the site for the sluices and tailings area completed • Water storage facilities completed • Ongoing work focused on reinforcing and maintaining upstream feed control system for the sl
Slide 11: Alluvial Project – Next Steps
Alluvial Project – Next Steps Main heading • Completed to date…. For personal use only – Airstrip and access roads completed – Water storage, 81 creek diversion, feed control system – Clearing of large boulders enabling good tailings profile – First sluice box installed • Next…. – Recoveries to begi
Slide 12: Exploration Project
Exploration Main headingProject • 3 initial sites identified – exploration plans in place For personal use only • Wopogi will be first site investigated • Program(s) designed to evaluate de-magnetised zones at Wopogi and Sena • Initial program of approx. 300-500 samples to confirm the anomalism esta
Slide 13: South Africa: Soweto Cluster Gold Project
SOUTH AFRICA Main heading For personal use only Soweto Cluster Gold Project • Renewed 3 year Prospecting Licence • Restatement of historical estimate completed by previous leaseholders in 2000 (slide 14) • Significant desktop review • 17 priority target identified • Exploration Target released down
Slide 14: Restatement of Historical Resource
Restatement Main heading of Historical Resource • Soweto Cluster comprises two historic mining centres - For personal use only Durban Deeps & Rand Leases • Restatement of 12.8m oz Historical Estimate previously leased by DRD Ltd in 2000 • DRD ceased mining operations in June ‘00 citing low Au price
Slide 15: Exploration Target (ET)
Exploration Main headingTarget (ET) For personal use only • ET developed from historic estimate Table 1: Consolidated Exploration Target for the Soweto Cluster Category Tonnes Millions Grade g/t Ounces Au • 17 priority targets Low range 9 3.5 1,000,000 Upper Range 15 4.5 2,200,000 • ET only the zone
Slide 16: Circular Shaft Project
Circular Shaft Project Main heading • Drilling underway to test an unmined section of Bird Reef Exploration Target for the Circular Shaft Project For personal use only Category Tonnes (million) Grade g/t Ounces Au • Program will consist of: Low range 1.5 3.0 130,000 – 3 diamond drill holes for a tot
Slide 17: No. 11 Shaft Project
No.11 Main Shaft headingProject • Number 11 Shaft was closed at the end ‘98, with no further Exploration Target for the Number 11 Shaft Project For personal use only production taking place since Category Tonnes (000s) Grade g/t Ounces Au • Target identified to be a significant unmined area of the B
Slide 18: Summary
Summary Main heading For personal use only • Company in control of all assets • Fully funded until the end of 2016 – excluding any revenue gerenated in Indonesia or South Africa • Supportive local partner in Indonesia • Supportive local partner in South Africa • Commissioning of alluvial circuit und
Slide 19: Company Contacts
Company Contacts Main heading For personal use only Michael Quinert Tim Chapman Executive Chairman Corporate & Investor Relations Ph: +61 3 8692 9049 Ph: +61 3 8692 9049 Suite 1, Level 6, 50 Queen St Suite 1, Level 6, 50 Queen St Melbourne, Victoria 3000 Melbourne, Victoria 3000 19
Slide 20: Competent Person
Competant Person Main heading For personal use only • The review of the Geological data and historical estimates was undertaken by Dr. Andrew Tunks and represents an accurate representation of the available data. Dr. Tunks (Member Australian Institute Geoscientists) is a consultant to the Company an
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