West Wits Mining Limited · ASX:WWI
West Wits Mining — Investor Presentation (June 2019)
21 slides from West Wits Mining's investor presentation, Jun 3, 2019
Slide 1: Investor Presentation June 2019
Main Westheading Wits Mining Limited (ASX: WWI) For personal use only “Transforming world class mineral resources into Gold” Investor Presentation JUNE 2019
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 that
Slide 3: Gold
Gold Main heading For personal use only Gold is a rare metal Gold has been used as coins since around 700 B.C It does not oxidise It is very ductile and malleable Gold is very dense There is not as much gold as you think! 3
Slide 4: Scarcity of Gold
Scarcity of Gold Main heading Gold is a very very very very rare metal For personal use only Rank Atomic # Name Symbol PPM Tonnes Produced 1 8 oxygen O 474,000 Gold is typically measured in Troy Oz 2 14 silicon [A] Si 277,100 7,200,000 3 13 aluminium Al 82,000 57,600,000 4 26 iron Fe 41,000 1,150,00
Slide 5: Price of Gold
Price of Gold Main heading For personal use only 5
Slide 6: Witwatersrand Basin & Central Rand
Witwatersrand Basin & Central Rand Main heading Go where the gold is For personal use only • Worlds biggest gold deposits, produced over 35% of all gold • Central Rand Goldfield has produced over 247 Moz • WWI’s Witwatersrand Basin Project (WBP) o Produced 41 Moz at ~5g/t o Still significant areas o
Slide 7: Witwatersrand Basin & Central Rand
Witwatersrand Basin & Central Rand Main heading For personal use only 7 7
Slide 8: Significant JORC Resource of 3.65m oz
Significant JORC Resource of 3.65m oz With a target to increase by a further 600k – 1m oz Main heading For personal use only Global MRE for WBP @ 2g/t cut-off Category Ore Tonnes (Mt) Grade g/t Au Ounces Au Measured 12.0 3.65 1,420,000 Indicated 9.1 3.37 988,000 Measured & Indicated 21.1 3.54 2,408,
Slide 9: Ore panels ready to mine
Ore panels ready to mine Main heading For personal use only 9 9 9
Slide 10: Refurbishment of Existing Infrastructure
Refurbishment of Existing Infrastructure Main heading Three examples of shafts identified for refurbishment For personal use only • 5 existing shafts identified for refurbishment • Existing Adit provides early access to ore • Trackless haulage equipment to be used to KR2 Shaft entrance (@50deg) haul
Slide 11: Mine Plan – Mining Right
Mine Plan – Mining Right Main heading For personal use only Open-Pit • 7 Targets • 9km’s of strike Underground • 1st Target Kimberley East • Robust resource on K9B Reef * o 12.4MT @ 3.1g/t for 1.25Moz (2g/t cut-off) o 2.7MT @ 5g/t for 450Koz (3.5/t cut-off) • 600k – 1Moz exploration target on K9A Re
Slide 12: Corporate Overview
Corporate Overview Main heading For personal use only Capital Structure Shares on Issue 793m Options (var ex prices & dates) 54m • Continued investment by Management & Board Market Cap (@ $0.008 @ 29/5/19) A$6.4m o $80k (12%) of 2018 Share Purchase Plan Cash (@ 30th March 2019) A$566k • DRD Gold Ltd
Slide 13: WWI vs Select ASX peers (by resource ounces)
WWI vs Select ASX peers Main heading WWI undervalued relative to peers For personal use only ASX-listed explorers – by attributable Resource oz ASX Resources Grade EV / Res oz Market Cap Company Code (Mozs) (g/t Au) (A$/oz) (A$m) Cardinal Resources Limited CDV 6.990 1.13 $22 145.41 West Wits Mining
Slide 14: WWI vs Select ASX peers (by grade)
WWI vs Select ASX peers Main heading WWI undervalued relative to peers For personal use only ASX-listed explorers – by Resource grade ASX Resources Grade EV / Res oz Market Cap Company Code (Mozs) (g/t Au) (A$/oz) (A$m) Bellevue Gold Limited BGL 1.530 11.80 $196 145.41 West Wits Mining Limited WWI 3
Slide 15: Kimberley Central Open Pit
Kimberley Central Open Pit Mainon Delivering heading Government Directive to Advance Project • Current operations scheduled for completion in June 2019 For personal use only • Approx. AUD 1.8m free cashflow delivered to JV partners • Substantial learnings from small production project will aid next
Slide 16: BEE Structure
BEE Structure Main heading For personal use only West Wits Mining Ltd (ASX: WWI) Lilitha (BEE Group) 10% 90% West Wits Mining SA (Pty) Ltd 26% 74% West Wits MLI (Pty) Ltd • West Wits’ South African projects are 33.4% owned by the Black Equity Empowerment partner, Lilitha • The ownership structure pr
Slide 17: Community Engagement
Community Engagement Main heading For personal use only • Rehabilitation & Infrastructure o Sol Plaatjie Soup Kitchen & Community Development Center • Building the infrastructure of a local community development center • Providing meals to the underprivileged and unemployed in the area, with a focus
Slide 18: Paterson Province WA Mt Cecelia Project
Paterson Province WA Mt Cecelia Project Main heading For personal use only • Mt Cecelia Exploration Licence granted • The Paterson Province has seen significant activity by Rio Tinto and Fortescue Metals Group who have expanded their holdings in the past 12 months • Rio Tinto’s recent license applic
Slide 19: Board and Management
Board and Management Main heading For personal use only Michael Quinert Executive Chairman More than 30 years as a commercial lawyer, including three years with the Australian Securities Exchange Ltd and >20 years as a partner in a Melbourne law firm Dr. Andrew Tunks Director of Exploration Geologis
Slide 20: Key Takeaways
Key Takeaways Main heading For personal use only • Strategic transformation to become a mid-tier gold producer with operations in the Witwatersrand Basin and Pilbara • Witwatersrand Basin Project: • Ongoing production • Grow resource • Securing mining rights • Short timeframe to mining right • Attra
Slide 21: Corporate Contact
Corporate Contact Main heading Michael Quinert For personal use only Chairman Ph: +61 419 361 069 E: mquinert@westwitsmining.com Simon Whyte Chief Financial Officer Ph: +61 459 797 101 E: swhyte@westwitsmining.com West Wits Mining Level 6, 400 Collins Street Melbourne, Victoria 3000