West Wits Mining Limited · ASX:WWI
West Wits Mining — 121 Mining Investment London 2024
19 slides from West Wits Mining's conference presentation, Nov 13, 2024
Slide 1: ASX Announcement: West Wits Mining Presentation, 121 Mining Investment London
ASX Announcement and Media Release Wednesday, 13 November 2024 West Wits Mining Presentation 121 Mining Investment London West Wits Mining Limited (ASX: WWI) (OTCQB: WMWWF) is pleased to announce its participation in the 121 Mining Investment conference, scheduled for 14 – 15 November 2024 in London
Slide 2: West Wits Mining Corporate Presentation November 2024
WEST WITS MINING For personal use only SOUTH AFRICA | NEAR TERM GOLD PRODUCER Corporate Presentation | November 2024 Qala Shallows, Witwatersrand Basin Project, Gauteng ASX:WWI | OTCQB: WMWWF COPYRIGHT ©2024 ALL RIGHTS RESERVED Mining District, Johannesburg, South Africa
Slide 3: 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 4: Why invest in West Wits
Why invest in West Wits ASX:WWI OTCQB:WMWWF For personal use only Significant gold resource in the WBP – Mineral Resource Estimate WBP - Project 200 - significant growth Witwatersrand Basin Project (WBP) 4.28Moz Gold opportunity aimed to produce South Africa (70% measured & indicated categories)1 20
Slide 5: Corporate Snapshot
CORPORATE SNAPSHOT Transforming into mid-tier gold producer CAPITAL STRUCTURE (ASX:WWI) Shares on issue 2.54B For personal use only Unlisted Options (exercise price range 2.2c – 25c) 223M Performance Rights 10M Convertible Notes 60* Market Capitalisation @1.53c per share A$39M (15-day VWAP on 07/11/
Slide 6: Strong Management Team Overseen & Supported by International Board
STRONG MANAGEMENT TEAM OVERSEEN & SUPPORTED BY INTERNATIONAL BOARD For personal use only RSA SUBSIDIARY AUSTRALIA EXEC DIRECTOR / SOUTH AFRICA SOUTH AFRICA AUSTRALIA WWI CHAIRMAN HEAD OF CORP WWI NON-EXEC WWI NON-EXEC WWI NON-EXEC AFFAIRS DIRECTOR DIRECTOR DIRECTOR Michael Quinert Tozama Kulati Siwi
Slide 7: WBP – Location & Growth Potential
WBP – LOCATION & GROWTH POTENTIAL SANDTON CBD For personal use only 5. BIRD REEF CENTRAL (BRC) Gold & Uranium JOHANNESBURG CBD ▪ 2022 Scoping Study identified Five (5) distinct development stages for the Witwatersrand Basin Project with Stages 1 – 4 Gold Projects for a 27yr Life of Mine.6 ▪ Qala Sha
Slide 8: Witwatersrand Basin Project (WBP) - Geology
WITWATERSRAND BASIN PROJECT (WBP) - GEOLOGY GLOBAL MINERAL RESOURCE ESTIMATE (JORC 2012)1 Category Tonnage (Mt) Grade (g/t) Content (oz) For personal use only Measured 8.8 4.60 1 449 000 Indicated 11.26 4.19 1 517 000 Measured & 21.06 4.38 2 967 000 Indicated Inferred 7.98 5.10 1 309 000 Total 29.05
Slide 9: Qala Shallows Gold Project
QALA SHALLOWS GOLD PROJECT The Qala Shallows Gold Project (South Africa) comprises a low-risk, shallow underground mine utilising contract mining with ore treated at an existing operational plant HIGH TECHNICAL STANDARD For personal use only ▪ Historic mine works with existing shafts & well understo
Slide 10: Qala Shallows - Mining Inventory & Ore Reserve
QALA SHALLOWS - MINING INVENTORY & ORE RESERVE2 RUN OF MINE INVENTORY (INCLUSIVE OF ORE RESERVES) 2 RUN OF MINE INVENTORY Mineral Resource Tonnage Grade Content Content For personal use only ▪ >1Moz Gold at 3.04g/t, inclusive of Ore Reserves Estimate Category (Mt) (g/t) (kg) (oz) ▪ Ore Reserves - 4M
Slide 11: Qala Shallows Mining Plan
QALA SHALLOWS MINING PLAN Trackless development with conventional stoping – tried and tested ▪ Ore body is accessed from surface via a decline system developed For personal use only from the existing Qala adit box cut ▪ The decline is located centrally in the mining area and the K9B footwall ▪ Stope
Slide 12: Qala Shallows Approvals & Infrastructure
QALA SHALLOWS APPROVALS & INFRASTRUCTURE Mine-to-Market Ready Asset PERMANENT SURFACE SITE LAYOUT ▪ Critical infrastructure completed ▪ Decline & box cut rehabilitation completed For personal use only ▪ Mining blocks available by access ▪ Contract terms finalised with key suppliers o Mining contract
Slide 13: Qala Shallows Production Schedule
QALA SHALLOWS PRODUCTION SCHEDULE MINING SCHEDULE & GRADE DFS completed in July 2023 by Bara Consulting2 For personal use only ▪ DFS completed on first stage of development to deliver 924,000oz gold at AISC of US$977/oz ▪ From the project start date, there is a 6 - 8 week period to mobilise contract
Slide 14: Qala Shallows DFS Financial Model & Funding
QALA SHALLOWS DFS FINANCIAL MODEL & FUNDING GOLD PRICE GOLD PRICE KEY FINANCIAL METRICS – DFS Base Case US$1,850/oz DFS - Financial Evaluation2 US$1,850/oz US$2,200/oz DEFINITIVE FEASIBILITY STUDY2 Peak Funding US$ 54m US$ 43m For personal use only ▪ Post-Tax Free Cashflow of US$522m over Life-of-Mi
Slide 15: WBP Bird Reef Central: Uranium & Gold Opportunity
WBP BIRD REEF CENTRAL: URANIUM & GOLD OPPORTUNITY Presence of uranium mineralisation within the Bird Reef sequence provides significant opportunity for the BRC to become a joint gold and uranium operation. URANIUM EXPLORATION TARGET4 For personal use only BRC Uranium Project has the potential to bec
Slide 16: WBP Environmental, Social & Governance (ESG)
WBP 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 ▪
Slide 17: 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 rdeysel@westwitsmining.com keith@middletoncorporate.
Slide 18: Appendix 1: Ore Reserve & Mineral Resource Estimate Statements
Appendix 1: Ore Reserve & Mineral Resource Estimate Statements Table: WBP (JORC) Ore Reserve2 Declared ore reserve of 4.03MT at 2.71g/t for 351,424oz Gold2 Ore Reserve Notes: 1. No Inferred Mineral Resources are included in the Ore Reserves. ORE RESERVE STATEMENT FOR QALA SHALLOWS (JORC 2012) 2. The
Slide 19: 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