West Wits Mining Limited (ASX: WWI)

Progressing strategic transformation into a mid-tier producer

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    West Wits Projects

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    August 2022

    About West Wits

    West Wits is focused on the exploration, development and production of high value precious and base metals for the benefit of shareholders, communities and environments in which we operate.

    Our Witwatersrand Basin Project, located in the proven gold region of Central Rand Goldfield of South Africa, boasts a 4.28Moz gold resource at 4.58 g/t Au. Its financials present a pre-tax NPV7.5 of USD 227 million (AUD 316m) and IRR of 33% at a Gold Price of USD 1,750/oz. In October 2022, West Wits secured a cost-effective toll treat agreement with Sibanye-Stillwater’s subsidiary.

    In the Paterson Provence, Western Australia, a maiden drilling program at West Wits’ 100% owned Mt Cecelia
    Project is scheduled to commence in October 2022. Targeting gold, nickel and copper, the exploration
    program is managed by Rio Tinto (RIO) under a A$10M Farm-In/JV Agreement for RIO to earn up to 80% interest
    in the project. The district supports several world-class projects including RIO’s WINU copper/gold-, Nifty’s
    copper- and Newcrest’s Tefler & Haverion gold mines.