Slide 1: ASX Announcement: West Wits Mining Presentation, Mining Indaba
ASX Announcement and Media Release Monday, 5 February 2024 West Wits Mining Presentation Mining Indaba South Africa West Wits Mining Limited (ASX: WWI) (OTCQB: WMWWF) is pleased to announce its participation in the Mining Indaba 2024, taking place in Cape Town, South Africa, from February 5th to 8th
Slide 2: Competent person and report references
1. The original report was “Updates to DFS Provide Improved Results for WBP” which was issued with consent of Competent Persons Mr. Andrew Pooley. The report was released to the ASX on 26 July 2023 and can be found on the Company’s website (https://westwitsmining.com/). The Company is not aware of a
Slide 3: West Wits Mining Corporate Presentation, Mining Indaba 2024
WEST WITS MINING For personal use only SOUTH AFRICA | NEAR TERM GOLD PRODUCER Corporate Presentation | Mining Indaba 2024 | February 2024 Qala Shallows, Witwatersrand Basin Project, Gauteng ASX:WWI | OTCQB: WMWWF COPYRIGHT ©2023 ALL RIGHTS RESERVED Mining District, Johannesburg, South Africa
Slide 4: Disclaimer
DISCLAIMER FORWARD-LOOKING STATEMENTS COMPETENT PERSON STATEMENTS For personal use only This presentation includes “forward-looking statements” as that term within the meaning of securities laws of The original report was “Updates to Qala Shallows DFS provide improved results for Witwatersrand Basin
Slide 5: Corporate Snapshot
CORPORATE SNAPSHOT Transforming into mid-tier gold producer ▪ Dual listed ASX (WWI) & OTCQB (WMWWF) listed minerals exploration & mining For personal use only company focused on gold / strategic metals ▪ Two stable jurisdictions: o Flagship Witwatersrand Basin Project - Witwatersrand (South Africa)
Slide 6: Share Price & Volumes, Shareholder Breakdown
SHARE PRICE & VOLUMES For personal use only SHAREHOLDER BREAKDOWN TOP 10 SHAREHOLDERS Wingfield Durban Deep LP 8.3% 4.2% Citicorp Nominees 5.5% BOARD & MANAGEMENT BNP Paribas Nominees 2.9% BNP Paribas Nominees 2.9% TOP 20 SHAREHOLDERS Supernova Fund 2.8% 47.2% 37.8% BNP Paribas Nominees 2.1% TOP 21-
Slide 7: Share Price & Volumes
SHARE PRICE & VOLUMES ASX: WWI For personal use only https://www2.asx.com.au/markets/company/wwi ASX:WWI PAGE | 5
Slide 8: Investor Focused International Board
INVESTOR FOCUSED INTERNATIONAL BOARD For personal use only SOUTH AFRICA SOUTH AFRICA SOUTH AFRICA AUSTRALIA AUSTRALIA SUBSIDIARY EXECUTIVE WWI NON-EXECUTIVE WWI NON-EXECUTIVE WWI NON-EXECUTIVE WWI CHAIRMAN DIRECTOR / HEAD OF DIRECTOR DIRECTOR DIRECTOR CORPORATE AFFAIRS Michael Quinert Tozama Kulati
Slide 9: Experienced Management Team
EXPERIENCED MANAGEMENT TEAM For personal use only CHIEF OPERATIONS CHIEF FINANCIAL EXECUTIVE MANAGER HEAD OF GEOLOGY AND OFFICER/COUNTRY OFFICER/COMPANY COMMERCIAL EXPLORATION MANAGER (RSA) SECRETARY Rudi Deysel Keith Middleton Simon Whyte Martin Bevenlander Mining Engineer with Experienced Executiv
Slide 10: South Africa: The Golden Nation
SOUTH AFRICA: THE GOLDEN NATION For personal use only HISTORICAL PRODUCTION INTERNATIONALLY SOUND DOMINANCE CAPABILITIES RECOGNISED GOVERNANCE EXPERTISE SA has reputation as reliable SA boasts considerable gold SA has access to utilities & Modern mining regulatory gold source & critical player reser
Slide 11: SA Too Good a Jurisdiction for International Investors to Ignore
SA TOO GOOD A JURISDICTION FOR INTERNATIONAL INVESTORS TO IGNORE For personal use only INVESTMENT CLIMATE ▪ Boasts most advanced, broad-based economy on African continent “South Africa’s mining sector delivered a sterling ▪ Stable institutions; mature financial & services sectors performance in the
Slide 12: Gold: A Global Currency
GOLD: A GLOBAL CURRENCY SAFE HAVEN ASSET AT TIME OF HEIGHTENED RISK “BofA is bullish on gold in 2023E, forecasting an annual ▪ Portfolio diversification in a 13-year global equity bull market average price of $2,009/oz. We think there could be a For personal use only ▪ Gold price does not have stron
Slide 13: South Africa's Golden Arc
SOUTH AFRICA’S GOLDEN ARC WITWATERSRAND GOLDFIELD ▪ Large basin of metamorphosed conglomerates For personal use only ▪ Greatest goldfield in the world ▪ Occurs across 4 provinces ▪ Stretches ~350 km long by ~180 km wide ▪ Historical production from >150 mines which extracted >4.5 Gt ore to yield >42
Slide 14: Rejuvenation of a Historic Producer
REJUVENATION OF A HISTORIC PRODUCER EGOLI, City of Gold (Gauteng, Johannesburg) For personal use only ▪ 1900 - 1980: Commencement of mining on Rand Leases & open cut MRE HISTORY on Main Reef & Main Reef Leader by Severin Mining and Development (Pty) Ltd Year Gold Ounces Grade (g/t) Notes Kimberley R
Slide 15: Witwatersrand Basin Project: Strong Investment Opportunity
WITWATERSRAND BASIN PROJECT (WBP) Strong Investment Opportunity HIGH TECHNICAL STANDARD For personal use only ▪ Well understood geology, mineralisation & metallurgy ▪ Historic mine works with existing shafts & well understood rock engineering ▪ Successful “Proof of Mining Method” extraction and stoc
Slide 16: Witwatersrand Basin Project: Sustained Profitability
WITWATERSRAND BASIN PROJECT (WBP) Sustained Profitability MINING RIGHT For personal use only ▪ Close to city: 15 km to west of Johannesburg, Gauteng Province, South Africa ▪ Focus: 2 existing but closed sites located on historical Rand Leases Gold Mine & Durban Roodepoort Deep Gold Mine ▪ Covers: ~9
Slide 17: Witwatersrand Basin Project (WBP)
WITWATERSRAND BASIN PROJECT (WBP) For personal use only ASX:WWI PAGE | 15
Slide 18: Three Distinct Independent Reefs
WITWATERSRAND BASIN PROJECT (WBP) Three Distinct Independent Reefs For personal use only KIMBERLEY REEF (K9A & K9B) ▪ Divided into discrete mining areas: Qala Shallows & Qala Deeps ▪ Includes the Qala Incline Shaft ▪ Robust & updated Qala Shallows DFS earmarked to produce 924,000oz3 ▪ Qala Deeps rem
Slide 19: Mineral Resource Estimate
WITWATERSRAND BASIN PROJECT (WBP) Mineral Resource Estimate For personal use only WBP MINERAL RESOURCE ESTIMATE (JORC 2012)1 ▪ Significant global Mineral Resources Estimate of 4.28 Moz gold resource @ 4.58 g/t Au ▪ 3 distinct Reef horizons: Kimberley Reef; Bird Reef; Main Reef ▪ Prospecting Rights a
Slide 20: Qala Shallows: DFS on Kimberley Reef
QALA SHALLOWS DFS on Kimberley Reef For personal use only ROBUST DEFINITIVE FEASIBILITY STUDY3 ▪ Gold produced: 924,000oz ▪ Steady-State production: 70,000oz p/a (9 years) ▪ Ore Reserves : 4.03 million tonnes at 2.71g/t for 351,400 oz gold ▪ Life-of-Mine: 17.7 years RAPID PRODUCTION GROWTH ▪ Critica
Slide 21: Qala Shallows: Fast-tracked Monetisation
QALA SHALLOWS Fast-tracked Monetisation Qala Shallows Financial Evaluation 3 JUL-23 Total Revenue (USD) $ 1 709 million US$1.7B REVENUE OPPORTUNITY3 For personal use only ▪ Estimated peak funding of US$54m (ZAR 943M) over a three-year period Total Free Cashflow (USD) $ 522 million ▪ All-in-Sustainin
Slide 22: Qala Shallows: Cost Curve Relative to Peer Gold Group
QALA SHALLOWS Cost Curve Relative to Peer Gold Group For personal use only 2022 FY Juniors and Emerging Majors ▪ Has capacity to become one of lowest cost per oz mines in Africa ▪ Truck transport to surface vs. shaft hoisting of rock ▪ Close to surface operations ▪ Mechanised on-reef strike developm
Slide 23: Qala Shallows: Mine-to-Market Ready Asset
QALA SHALLOWS Mine-to-Market Ready Asset For personal use only ▪ Robust DFS earmarked to produce 924,000oz3 ▪ Advanced understanding of geology & project economics ▪ Steady-state production of 70,000oz p/a3 ▪ ESG baseline testing & environmental authority ▪ Already produced ore stockpile suitable fo
Slide 24: Qala Shallows Ore Reserve
WITWATERSRAND BASIN PROJECT (WBP) Qala Shallows Ore Reserve For personal use only QALA SHALLOWS ORE RESERVE3 ORE RESERVE STATEMENT FOR QALA SHALLOWS AT 30 JUNE 2023 (JORC 2012)3 ▪ The updated DFS released to market (July 2023) ▪ Reserve base increased by 21% (61,400 oz) Ore Reserve Tonnage Grade Con
Slide 25: Environmental, Social & Governance (ESG)
ENVIRONMENTAL, SOCIAL & GOVERNANCE (ESG) ENVIRONMENTAL STEWARDSHIP & BIODIVERSITY CONSERVATION ▪ Complete underground operation: low noise and dust levels For personal use only ▪ Small footprint & surface infrastructure: low rehabilitation liability & minimal impact on surrounding environment ▪ Effi
Slide 26: Uranium Opportunity
URANIUM OPPORTUNITY For personal use only SOUTH AFRICA Bird Reef Phase 1 Uranium Drilling, Witwatersrand Basin Project, ASX:WWI | OTCQB: WMWWF Gauteng Mining District, Johannesburg, South Africa
Slide 27: For personal use only
For personal use only Since the original Uranium Exploration Program in 2008, West Wits has significantly increased its knowledge concerning the gold mineralisation of the Bird Reef Sequence, including the delineation of a discreet gold resource. It is envisaged that the combination of the establish
Slide 28: Bird Reef Sequence & Uranium-Gold Potential
BIRD REEF SEQUENCE & URANIUM-GOLD POTENTIAL BACKGROUND 37 million pounds of Uranium extracted from the region, including For personal use only ▪ East Champ d’Or, Luipaardsvlei, and West Rand Consolidated leases ▪ Selective mining of gold mineralised White Reef in the eastern part ▪ Bird Reef Sequenc
Slide 29: Bird Reef Central Exploration Program
BIRD REEF CENTRAL EXPLORATION PROGRAM EXPLORATION TARGET4 ▪ Restatement of Uranium Exploration Target under JORC (2012) code for the Bird For personal use only Reef Central (“BRC”) Uranium Project (previously named Raptor Project) Range Low High ▪ 2008 Exploration results4 confirmed consistent urani
Slide 30: Phase 1 Drilling Results
PHASE 1 DRILLING RESULTS URANIUM DIAMOND-HOLE DRILLING PROGRAMM ▪ Designed to confirm uranium mineralisation in Bird Reef stratigraphy For personal use only ▪ The Bird Reef Package consists of four conglomeratic reef bands namely Upper Monarch Reefs, Monarch Reef, Middle Reef, and the White Reef at
Slide 31: Mt Cecelia Project
For personal use only MT CECELIA PROJECT GREENFIELDS GOLD PROJECT Paterson Province / East Pilbara, Western Australia ASX:WWI | OTCQB: WMWWF
Slide 32: Mt Cecelia Project: Rio Tinto JV & Farm-in
MT CECELIA PROJECT Global Rio Tinto (RTX) JV & Farm-in up to $10m For personal use only EXPLORATION LICENCE ▪ WWI single sub-block (~225km2) : ~270km ESE of Port Hedland and 200km ENE of Marble Bar ▪ WWI 100% owned tenement for 5 years in good standing SIGNIFICANT DISCOVERIES Strategic Location Clos
Slide 33: Mt Cecelia Project: Geology & Mineralisation
MT CECELIA PROJECT Paterson Province / East Pilbara, Western Australia GEOLOGY & MINERALISATION For personal use only ▪ Regional geological setting is highly prospective & conducive to multiple possible styles of base metal mineralisation ▪ Neoarchaean to Proterozoic units of both Pilbara Craton (Go
Slide 34: Mt Cecelia Project: Key Milestones
MT CECELIA PROJECT KEY MILESTONES For personal use only • 2018: Desktop study – re-interpretation of the regional geology and structure • 2020: Completed heliborne electromagnetic survey - identified 8 priority EM targets7 • August 2021: Completed ground geophysical MLTEM surveys: top 4 priority dri
Slide 35: Mt Cecelia Maiden Drilling Program
MT CECELIA PROJECT Maiden Drilling Program For personal use only SIGNIFICANT GOLD INTERCEPTS AT PRIMARY EM SGC_1 TARGET8 ▪ WEWI0001 56m @ 0.55g/t Au from 194m including 20m @ 0.93g/t Au from 194m ▪ WEWI0004 82m @ 0.51g/t Au from 128m including 24m @ 0.95g/t Au from 150m ▪ WEWI0003 & WEWI0005 located
Slide 36: Contact details
Qala Shallows Box Cut For personal use only CHIEF OPERATIONS OFFICER INVESTOR RELATIONS SOUTH AFRICA AUSTRALIA Rudi Deysel Keith Middleton Unit 8A, Sifon Industrial Park Level 6, 400 Collins Street 279 Sifon Street, Robertville Melbourne, Victoria +27 (0)78 680 2864 +61 438 101 102 rdeysel@westwitsm
Slide 37: References
REFERENCES 1. The original report was “WBP’s Global JORC Mineral Resource Expands by 724,000oz to 4.28MOZ at 4.58 g/t Gold” which was issued with consent of the Competent Person, Mrs Cecilia Hattingh. The report was released to the ASX on 3 December 2021 and can be found on the Company’s website (ht