West Wits Mining Limited · ASX:WWI
West Wits Mining — Africa Down Under 2021
28 slides from West Wits Mining's conference presentation, Sep 2, 2021
Slide 1: ASX Announcement: Africa Down Under Presentation and Investor Webinar Invitation
ASX Announcement and Media Release 2 September 2021 ASX Announcement and Media Release Thursday, 2 September 2021 Africa Down Under – Presentation & Invitation to Investor Webinar on WWI’s – Qala Shallows DFS West Wits Mining (ASX: WWI, “West Wits” or “the Company) is pleased to invite investors to
Slide 2: Africa Down Under - Investor Presentation
ABN 89 124 894 060 | A SX : W W I Africa Down Under - Investor Presentation 02 September 2021
Slide 3: Disclaimer
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 4: ASX-listed West Wits Mining (WWI)
ASX-listed West Wits Mining (WWI) Progressing strategic transformation to position as mid-tier gold producer. OBJECTIVES 1. Grow company mineral resources and declare reserves 2. Establish mining operations in Witwatersrand Basin Project, South Africa 3. Enhance value of Mt Cecelia, Paterson Provinc
Slide 5: Focused on two premier regions
Focused on two premier regions WITWATERSRAND BASIN PROJECT STRATEGY Johannesburg, South Africa Historically produced over 247Moz, over ✓Generate shareholder value 100 years of mining in the area ✓Lean into social and governance landscape ✓Deliver sustainable value to all MT CECELIA PROJECT stakehold
Slide 6: Witwatersrand Basin Project (WBP)
Witwatersrand Basin Project (WBP) Maiden Ore Reserve of 3MT at 2.88g/t for 278 000oz, which includes Proved Ore Reserve of 830,000t at 3.13g/t for 84,000oz1. Significant resource of 3.55Moz JORC Mineral Resource at 4.26g/t Au2. Mineral Resource includes declared Ore Reserves. • PRODUCTION • LICENSIN
Slide 7: Mt Cecelia Project
Mt Cecelia Project 100%-owned, greenfield exploration Mt Cecelia project in Paterson Province, Western Australia. • GROUND EXPLORATION ADVANCING FOR MAIDEN DRILLING CAMPAIGN IN 2022 o Strategic landholding adjacent to multiple RIO o Ground magnetic survey (MLTEM) survey tenements, including Carawine
Slide 8: Company Highlights
Company Highlights • DFS Results and Maiden Ore Reserve announced Sep-21, major milestones towards production and catalyst to re-rate WWI • Significant growth in share price underlines WWI’s potential - market value still significantly below peers Capital Structure Shares on Issue 1.52b • Strong cas
Slide 9: SA Ownership Structure
SA Ownership Structure FULLY COMPLIANT BEE OWNERSHIP West Wits Mining Ltd STRUCTURE (ASX: WWI) 90% • South African projects 33.4% owned by Black Equity West Wits Empowerment partner, Lilitha Resources (Pty) Ltd Lilitha Mining SA • Surpasses SA’s Mining Charter requirement of 26% and the slated (BEE
Slide 10: Investment Proposition
Investment Proposition KEY VALUE DRIVERS • WBP has a five-stage approach with potential to • Operating in stable mining and financial build up to peak production rate of over 95,000 jurisdictions 10 10 oz per annum3 • Experienced board and management team • Eight exploration targets in Western Austr
Slide 11: Experienced and Successful Board
Experienced and Successful Board Mining engineer (MBA) with over 20 years of operations and project experience in South Africa, DRC and Jac van Heerden Zimbabwe. Jac’s experience is in both underground and open pit mines with a focus on gold, platinum Managing Director and base metals. Jac was Presi
Slide 12: Management Team
Management Team Chartered Accountant and Certified Member of the Governance Institute of Australia, Simon Simon Whyte has extensive experience in mining, commodities and logistic industries which includes Tier-1 CFO & Company Secretary companies, BP Australia and Ernst & Young, and more recently sma
Slide 13: Witwatersrand Basin Project - Overview
Witwatersrand Basin Project - Overview • JORC Compliant Mineral Resource of 3.55Moz at 4.26g/t Gold with 63% of MRE in Measured and Indicated categories (includes 2 declared Ore Reserves) • Scoping Study results demonstrate the WBP’s potential to be WWI’s cornerstone project as the Company aims to b
Slide 14: Witwatersrand Basin Project – JORC Mineral Resource Estimate
Witwatersrand Basin Project – JORC Mineral Resource Estimate Global JORC Mineral Resource Estimate (2g/t cut-off)2 Category Tonnes (M) Grade (g/t Au) Ounces Measured 4.91 4.33 683,000 Indicated 12.70 3.84 1,570,000 Measured & 17.61 3.98 2,253,000 Indicated Inferred 8.31 4.86 1,298,000 Total 25.91 4.
Slide 15: WBP: Kimberley East Mineral Resource
WBP: Kimberley East Mineral Resource Diamond-core drilling at Kimberley East • 1st Stage of Development o K9 reefs combined at 2.76Moz at 4.61g/t Gold o Qala Shallows DFS focuses on K9 reefs to a depth of 800m o Recently completed 2,500m diamond core infill-drilling campaign6 grew current Kimberley
Slide 16: WBP: Kimberley East JORC Mineral Resource Estimate
WBP: Kimberley East JORC Mineral Resource Estimate Kimberley East K9 Reefs Mineral Resource Estimate (2g/t cut-off)7 Kimberly Reef - 3D Image of Reef Plane, Topography and Boreholes Category Tonnes (M) Grade (g/t Au) Ounces Measured 4.0 4.46 578,000 2,500m Diamond Core Infill Drilling Indicated 8.0
Slide 17: WBP Scoping Study: Production Schedule in Five Stages
WBP Scoping Study3: Production Schedule in Five Stages Bird Reef Central Kimberley Reef East Qala Shallows Aerial view of WBP Mining Right Area showing five distinct targets Qala Deeps • 16MT at a ROM grade of 3.0g/t Au for 1.57Moz of Gold • 95,000oz - Max Annual Gold Production - Year 7 • 80,000oz
Slide 18: Definitive Feasibility Study: Qala Shallows – Stage 1 of WBP Summary
Definitive Feasibility Study1: Qala Shallows – Stage 1 of WBP Declared ore reserve of 3MT at 2.88g/t for 278 000oz, Substantial Maiden Ore including Proved Ore Reserve of 830,000t at 3.13g/t for Reserve 84,000oz 17-year LOM and 7.3MT at 2.81g/t recovered grade for Significant Life-of-Mine 663,000oz
Slide 19: WBP DFS: Stage 1 Qala Shallows ROM Content
WBP Definitive Feasibility Study: Stage 1 Qala Shallows 900 70,000 DFS Qala Shallows - ROM Production Schedule - Ounces Au 800 60,000 Ore Tonnes / Waste Tonnes [kt] 700 50,000 ROM Content (oz) 600 Production 500 40,000 Schedule 400 30,000 300 20,000 200 10,000 100 0 0 10 11 12 13 14 15 16 17 1 2 3 4
Slide 20: WBP DFS: Stage 1 Qala Shallows
WBP Definitive Feasibility Study: Stage 1 Qala Shallows Qala Shallows Once Qala Shallows is (<800m) depleted, production will continue at Qala Deeps, utilising most of the existing infrastructure Qala Deeps (800m – 1500m) 20 18
Slide 21: Mt Cecelia Project Overview
Mt Cecelia Project Overview • Mt Cecelia project 100%-owned, Paterson Province, WA • Located approx. 70kms west of Rio Tinto’s (RIO) WINU Project • RIO to drill neighbouring Baton JV Project, highlighting the areas prospectivity9 • Rumble Resources Limited (ASX: RTX) advancing Braeside Project, on s
Slide 22: Mt Cecelia Project: Heliborne Electromagnetic Survey
Mt Cecelia Project: Heliborne Electromagnetic Survey • 1,205km HEM survey lines flown by SkyTEM at 200m spacing • HEM Survey delivered eight exploration target areas with four deemed high priority4 • Ground magnetic survey (MLTEM) survey operations completed Aug-21 • MLTEM survey report to define dr
Slide 23: Summary
SUMMARY TRANSFORM FROM A SMALL-CAP EXPLORER TO A LOW-COST GOLD PRODUCER Grow Mineral Resource and Declare Reserve ✓ K9A Exploration Target10 convert for Mineral Resource upgrade – Q2 2020 Completed ✓ Infill drilling Mineral Resource update for initial 5 year mine plan – July 2021 Completed ✓ Declare
Slide 24: Corporate Contacts
Corporate Contacts RYAN BATROS WEST WITS MINING LIMITED E info@westwitsmining.com Investor Relations P +61 3 8692 9049 P +61 472 658 777 F +61 3 8692 9040 E ryan@alces.com.au A Level 6, 400 Collins Street, Melbourne, Victoria Australia 3000 24
Slide 25: Appendices
a WEST WITS \ MINING \ Appendices
Slide 26: Appendix 1: WBP JORC Mineral Resource Estimate
Appendix 1: WBP JORC MINERAL RESOURCE ESTIMATE Table 1: WBP Global JORC Mineral Resource Estimate (2g/t cut-off)3 West Wits Mining has developed a 3.55Moz Au JORC (2012) Category Tonnes (M) Grade (g/t Au) Ounces compliant Mineral Resource base (Table 1) from surface Measured 4.91 4.33 683,000 diamon
Slide 27: Appendix 2: References
Appendix 2: References 1. 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://westwitsmin
Slide 28: Appendix 3: Forward Looking Statements
Appendix 3: Forward Looking Statements This Announcement includes “forward-looking statements” as that term within the meaning of securities laws of applicable jurisdictions. Forward-looking statements involve known and unknown risks, uncertainties and other factors that are in some cases beyond Wes