Announcement PDF ASX Announcement and Media Release Monday, 10 February 2025 West Wits Mining Presentation 121 Mining Investment and Mining Indaba South Africa (amended) West Wits Mining Limited (ASX: WWI) (OTCQB: WMWWF) (“the Company”) releases the enclosed amended presentation which amends the presentation released to ASX on 3 February 2025. The amendment was requested by ASX and comprises recission of a graph from Slide 10 which ASX determined was not compliant with Listing Rule 5.16.6. The information contained in the graph which has been removed cannot be relied upon. There are no other amendments to the enclosed presentation. Approved for release by the Chairman. Investor Relations Keith Middleton keith@middletoncorporate.com.au General info@westwitsmining.com westwitsmining.com linkedin.com/company/west-wits-mining ABOUT WEST WITS MINING LIMITED West Wits Mining Limited (ASX: WWI) (OTCQB: WMWWF) 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 it operates. Witwatersrand Basin Project, located in the proven gold region of Central Rand Goldfield of South Africa, boasts a 5.025Moz gold project at 4.66g/t2. The Witwatersrand Basin is a largely underground geological formation which surfaces in the Witwatersrand. It holds the world's largest known gold reserves and has produced over 1.5 billion ounces (over 40,000 metric tons), representing about 22% of all the gold accounted for above the surface. In Western Australia, WWI is exploring gold and copper at the Mt Cecilia Project in a district that supports several world-class projects such as Woodie Woodie manganese mine, Nifty copper and Telfer gold/copper/silver mines. 1. 2. The original report was “Updates to DFS Provide Improved Results for WBP”, which was issued with the 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 any new information or data that materially effects the information included in the relevant market announcement and, in the case of Mineral Resources or Ore Reserves, that all material assumptions and technical parameters underpinning the estimates in the relevant market announcement continue to apply and have not materially changed. The form and context in which the Competent Person’s findings are presented have not been materially modified. The original report was “WBP Global MRE Increases with New Prospecting Right”, which was issued with the consent of the Competent Person, Mr Hermanus Berhardus Swart. The report was released to the ASX on 16 December 2024 and can be found on the Company’s website (https://westwitsmining.com/). Comprising 10.7MT at 4.60g/t for 1.595Moz measured, 12.29MT at 4.19g/t for 1.70Moz Indicated, and 10.49MT at 5.10g/t for 1.73Moz inferred. The Company is not aware of any new information or data that materially effects the information included in the relevant market announcement and, in the case of Mineral Resources or Ore Reserves, that all material assumptions and technical parameters underpinning the estimates in the relevant market announcement continue to apply and have not materially changed. The form and context in which the Competent Person’s findings are presented have not been materially modified from the original market announcement. page i WEST WITS MINING SOUTH AFRICA | NEAR TERM GOLD PRODUCER CAPE TOWN INDABA| February 2025 ASX:WWI ASX:WWI COPYRIGHT ©2025 ALL RIGHTS RESERVED Qala Shallows, Witwatersrand Basin Project, Gauteng Mining District, Johannesburg, South Africa DISCLAIMER FORWARD-LOOKING STATEMENTS COMPETENT PERSON STATEMENTS This presentation 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 West Wits Mining Limited’s control. These forward-looking statements include, but are not limited to, all statements other than statements of historical facts contained in this presentation, including, without limitation, those regarding West Wits Mining Limited’s future expectations. Readers can identify forward-looking statements by terminology such as “aim,” “anticipate,” “assume,” “believe,” “continue,” “could,” “estimate,” “expect,” “forecast,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “risk,” “should,” “will” or “would” and other similar expressions. Risks, uncertainties and other factors may cause West Wits Mining Limited’s actual results, performance, production or achievements to differ materially from those expressed or implied by the forward-looking statements (and from past results, performance or achievements). The original report was “Updates to Qala Shallows DFS provide improved results for Witwatersrand Basin Project” which was issued with consent of the Competent Person, Mr. Jim Pooley. The report was released to the ASX in July 2023 and can be found on the Company’s website (https://westwitsmining.com/). The Company is not aware of any new information or data that materially effects the information included in the relevant market announcement and, in the case of Mineral Resources or Ore Reserves, that all material assumptions and technical parameters underpinning the estimates in the relevant market announcement continue to apply and have not materially changed. The form and context in which the Competent Person’s findings are presented have not been materially modified from the original market announcement. These factors include, but are not limited to, the failure to complete and commission the mine facilities and related infrastructure in the time frame and within estimated costs currently planned; variations in global demand and price for gold fluctuations in exchange rates between the U.S. Dollar, South African Rand and the Australian Dollar; the failure of West Wits Mining Limited’s suppliers, service providers and partners to fulfil their obligations under construction, supply and other agreements; unforeseen geological, physical or meteorological conditions, natural disasters or cyclones; changes in the regulatory environment, industrial disputes, labour shortages, political and other factors; the inability to obtain additional financing, if required, on commercially suitable terms; and global and regional economic conditions. Readers are cautioned not to place undue reliance on forward-looking statements. The information concerning possible production in this announcement is not intended to be a forecast. They are internally generated goals set by the board of directors of West Wits Mining Limited. The ability of the Company to achieve any targets will be largely determined by the Company’s ability to secure adequate funding, implement mining plans, resolve logistical issues associated with mining and enter into any necessary off take arrangements with reputable third parties. Although West Wits Mining Limited believes that its expectations reflected in these forward-looking statements are reasonable, such statements involve risks and uncertainties and no assurance can be given that actual results will be consistent with these forward-looking statements. ASX:WWI The original report was “WBP Global MRE Increases with New Prospecting Right” which was issued with consent of the Competent Person, Mr Hermanus Berhardus Swart. The report was released to the ASX on 16 December 2024 and can be found on the Company’s website (https://westwitsmining.com/). Comprising 10.7MT at 4.60g/t for 1.595Moz measured, 12.29MT at 4.19g/t for 1.70Moz Indicated and 10.49MT at 5.10g/t for 1.73Moz inferred. The Company is not aware of any new information or data that materially effects the information included in the relevant market announcement and, in the case of Mineral Resources or Ore Reserves, that all material assumptions and technical parameters underpinning the estimates in the relevant market announcement continue to apply and have not materially changed. The form and context in which the Competent Person’s findings are presented have not been materially modified from the original market announcement. PAGE | 2 Why invest in West Wits Significant gold resource in the Witwatersrand Basin Project (WBP) South Africa WBP – Mineral Resource Estimate 5Moz Gold (65% measured & indicated categories)1 WBP - Project 200 - significant growth opportunity aimed to produce 200 000oz Gold per annum Qala Shallows (Stage 1) – Robust DFS 17yr Life-of-mine for 924,000oz 70,000oz p/a steady-state production for 9 years2 Qala Shallows - DFS Post Tax IRR 72% & NPV US$366M @ US$2,200/oz gold price2 Qala Shallows – Turn-key ready: fully licensed, site infrastructure maintained; key supplier contracts secured Qala Shallows – Cost-effective toll treat agreement with Ezulwini Mining Company/ Sibanye-Stillwater subsidiary Funding – South African banking syndicate in final credit approval process for 50-60% of project funding Experienced international board and management team ASX: WWI | OTBCQB: WMWWF CORPORATE SNAPSHOT Transforming into mid-tier gold producer CAPITAL STRUCTURE (ASX:WWI) Shares on issue 2.56B Market Capitalisation A$41M Unlisted Options (exercise price range 2.2c – 25c) Performance Rights Convertible Notes @ 1.6c per share (on 29/01/2025) 141.5M 7.5M 50* Cash - 31/12/2024 A$1.0M Enterprise Value per Ounce A$7.96/oz JORC Mineral Resource Estimate1 (Gold) 5Moz includes declared Ore Reserves Commodity Exposure Gold, Uranium * Convertible Notes (CN) with a A$25,000 Face Value, convertible to WWI shares at the lower of 2c or a 20% discount to the 15-day VWAP until the notes expire on 16/10/26. The CN are interest free and unsecured. ASX:WWI PAGE | 4 STRONG MANAGEMENT TEAM OVERSEEN & SUPPORTED BY INTERNATIONAL BOARD MICHAEL QUINERT Chairman (AUS) ASX-experienced commercial lawyer with extensive involvement in assisting and advising publicly listed mining companies. SIMON WHYTE CFO / Company Secretary (AUS) ASX:WWI RUDI DEYSEL CEO (SA) Mining Eng. with Geophysics and MBA. Previously experience includes Anglo American and Galiano Gold Chartered Accountant with extensive experience in mining, commodities and logistics which includes global majors, Ernst & Young and BP TOZAMA KULATI SIWISA Exec Dir/Head of Corp Affairs (SA) BCom with MBA with extensive experience in ESG management. Previously head of stakeholder relations at Lonmin MARTIN BEVENLANDER Head of Geology & Exploration (SA) HULME SCHOLES Non-Exec Dir (SA) JAC VAN HEERDEN Non-Exec Dir (SA) WARWICK GRIGOR Non-Exec Dir (AUS) One of SA’s top legal professionals specialising in mining and mineral law, having represented Tier 1 mining companies, including Sibanye Stillwater and DRDGold Mining Engineer with MBA, operations, and project experience in South Africa, DRC and Zimbabwe. Experienced mining analyst who founded Far East Capital Limited, a specialist mining company financier and corporate adviser. Was founding Executive Chairman of Canaccord Genuity Australia Geologist with expertise that spans across the entire mining cycle. Worked in Indonesia, Papua New Guinea, Australia, and across Africa KEITH MIDDLETON Exec Manager Commercial Experienced Executive of ASX listed companies specialising in the resources sector, financial analysis, risk management, major capital works expenditure. Former Managing Director of American Rare Earths PAGE | 5 WBP – LOCATION & GROWTH POTENTIAL SANDTON CBD 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 Shallows is Stage 1 of the WBP which has been subject to a DFS with a 17yr Life of Mine.2 ▪ Prospecting Right (PR) adjacent to Qala Shallows granted (yellow) and new PR application (red) which provides significant organic growth opportunity. ▪ Stage 5 (BRC) is a potential standalone Gold & Uranium project. Image: Mining Right (blue); Prospecting Right Granted (yellow)& New PR Application (red) ASX:WWI PAGE | 6 WWI – GOLD RESOURCES GLOBAL MINERAL RESOURCE ESTIMATE (JORC 2012)1 Category Tonnage (Mt) Grade (g/t) Content (oz) Measured 10.07 4.60 1 595 000 Indicated 12.29 4.19 1 700 000 Measured & Indicated 23.00 4.45 3 295 000 Inferred 10.49 5.10 1 730 000 Total 33.49 4.66 5 025 000 ▪ Significant global Mineral Resource Estimate of 5Moz Gold @ 4.66 g/t Au1 ▪ High degree of confidence level with 65% of MRE in Measured & Indicated categories. ▪ 3 distinct reef horizons: Kimberley Reef; Bird Reef; Main Reef (right image) ▪ Well understood geology, mineralisation & metallurgy ASX:WWI PAGE | 7 WBP - MRE & ORE RESERVE GROWTH 6 WWI has progressively grown the MRE under the 2012 JORC Code to over 5Moz @ 4.66g/t.1 The Company has grown declared Ore Reserves to 351koz.2 5 GOLD OUNCES (MILLION) WBP tenement area previously held by DRD Gold which had a Historical MRE declared (2000 ASX Report) of 12.8Moz at 4.6g/t Gold under the previous JORC Code3. 0,35 0,29 4 - 3 1,21 2 1 - 0,30 0,57 0,35 Jan-16 JAN-16 Maiden MRE 400M depth3 1,24 0,81 Dec-17 DEC-17 Upgrade: 400 1,500m on Kimberley Reefs11 Inferred ASX:WWI 0,28 0,60 1,42 1,50 1,37 1,44 1,00 1,26 Jul-18 JUL-18 Addition to of K9B Reef10 1,38 1,31 1,30 1,31 Sept-21 SEP-21 DFS with declared maiden Ore Reserve9 Indicated Dec-21 DEC-21 Bird Reef & Main Reef Upgrade to 1,000m depth7 Measured 1,73 Dec-24 DEC-24 Boost with New Prospecting Right Granted1 Ore Reserves PAGE | 8 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 ▪ Historic mine works with existing shafts & well understood rock engineering ▪ Successful “Proof of Mining Method” extraction and stockpiled in 2022 OPERATIONAL READINESS FOR RAPID PRODUCTION ▪ Robust DFS: Released to ASX July 2023 ▪ Fully permitted: Mining Right; power; environmental; social; water; explosives ▪ Surface and underground infrastructure: Developed with quick accessibility & rapid production ▪ Small footprint: Minimal rehabilitation liability ▪ Production rate-based contract: Enhancing productivity & efficiency ▪ Cost-effective offtake treatment agreement: With nearby processing plant STRONG ESG CREDENTIALS ▪ Black Economic Empowerment (BEE) ownership of 33.4% - higher than mandated 26% ▪ Local Economic Development Programme & Social Labour Plan ▪ Procurement from local Sowetan community EXCEPTIONAL ECONOMICS DFS2 ▪ 924koz gold produced over 17yr LOM ▪ First gold produced in <12 months with steady state production of 70,000oz p/a (9 years) ▪ First quartile cost producer with AISC $977/oz (LoM) & US$871/oz (steady state) ▪ Payback period of 1.1yrs from completion of construction ASX:WWI PAGE | 9 QALA SHALLOWS - MINING INVENTORY & ORE RESERVE2 RUN OF MINE INVENTORY ▪ >1Moz Gold at 3.04g/t, inclusive of Ore Reserves ▪ Ore Reserves - 4Mt at 2.71g/t for 351,400 oz gold, comprises 35% of the mining inventory ▪ During the first 6 years of production, reserves comprise >75% of mining inventory ▪ An underground drilling program will be implemented to convert resources to reserves as decline development progresses to maintain a minimum level of reserves ▪ Mineral Resource Estimate Cut-off at 2g/t is calculated using a gold price of US$1,500/oz and ZAR 15.00/1 US$ ▪ Significant upside to Mine Inventory at current gold price (approx. US$ 2,700/oz) and Exchange rate (approx. ZAR 17.50/1 US$) ASX:WWI RUN OF MINE INVENTORY (INCLUSIVE OF ORE RESERVES) 2 Mineral Resource Estimate Category Tonnage (Mt) Grade (g/t) Content (kg) Content (oz) Measured 1.01 2.93 2 949 95 000 Indicated 3.49 2.62 9 135 294 000 Inferred 5.78 3.32 19 156 616 000 Grand Total 10.28 3.04 31 240 1 004 000 PAGE | 10 QALA SHALLOWS MINING PLAN Trackless development with conventional stoping – tried and tested ▪ Ore body is accessed from surface via a decline system developed from the existing Qala adit box cut ▪ The decline is located centrally in the mining area and the K9B footwall ▪ Stopes will be accessed via strike drives developed on the K9B reef horizon ▪ Development of the strike drives and decline will be by mechanised method with drill rigs, LHDs and ADTs deployed for drilling, face cleaning and hauling of blasted rock to the tips respectively ▪ Mining in the stope blocks will be using standard conventional mining techniques widely used in region with the deployment of handheld drills and cleaning using a scraper and winch combination ▪ Most of the mining will take place in a large unmined block of ground to the east of the property ▪ Stoping will commence from 35m below surface to a maximum depth of 850m ▪ A small amount of waste rock will be stockpiled on site ▪ Once on surface, ore will be trucked approximately 40km to an existing processing plant under a Toll Processing agreement with Sibanye Stillwater. ASX:WWI Stage 3 Stage 2 Stage 1 - DFS Stage 4 PAGE | 11 QALA SHALLOWS PERMANENT SURFACE LAYOUT2 ▪ Critical infrastructure completed ▪ Contract terms finalised with key suppliers ▪ Mining Right & Environmental Authorisation granted MINE EXTENSION Scoping Study Stage 2 – Main Reef ▪ 7.5MVA power allocation Stage 3 – Bird Reef East received withStage primary 4 – Qala power Deeps substation completed with backup diesel generators ▪ Water Use License granted & established water supply infrastructure installed ▪ Explosives License granted ASX:WWI PAGE | 12 QALA SHALLOWS PRODUCTION SCHEDULE MINING SCHEDULE & GRADE DFS completed in July 2023 by Bara Consulting2 ▪ 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 contractors and purchase initial equipment ▪ Initial production will provide a robust 30,000 tonne ore stockpile to facilitate delivery of 15,000 tonnes per month to Sibanye-Stillwater’s plant which ramps up to steady state of around 60,000 tonnes per month ▪ Targeting achievement of the stockpile & delivery within 6 to 8 months from start of production ▪ Gradual mine build-up towards a steady-state production of 5,700 ounces of gold per month at an AISC of US$871/oz ASX:WWI GOLD PRODUCTION PAGE | 13 QALA SHALLOWS DFS FINANCIAL MODEL & FUNDING KEY FINANCIAL METRICS – DFS Base Case US$1,850/oz DFS - Financial Evaluation2 DEFINITIVE FEASIBILITY STUDY2 GOLD PRICE US$1,850/oz GOLD PRICE US$2,200/oz ▪ Post-Tax Free Cashflow of US$522m over Life-of-Mine Peak Funding US$54m US$43m ▪ AISC cost in lowest quartile at US$977/oz (LoM) Payback Period (from commencement) 4.1 years 3.6 years ▪ Post-Tax - NPV7.5 US$255m and IRR 53% Pre-Tax NPV (7.5%) US$367m $531m (A$583m) (A$843M) US$255m $366m (A$405m) (A$581M) 53% 72% PEAK FUNDING REQUIREMENT ▪ US$54m (DFS) with 13 months payback from completion of construction ▪ Peak funding substantially reduced at prevailing Gold Price due to higher revenues from production during the 3-year mine development phase ▪ At a Gold Price (US$2,200/oz), peak funding reduces to US$43M PROJECT FUNDING INITIATIVES ▪ ▪ Due Diligence completed, SA commercial bank has obtained credit approval and a South African Development Finance Institution (DFI) is in the final credit approval process and to participate in a syndicated senior debt loan to fund 50 - 60% of development funding requirements Having a substantial portion of the funding requirement provided for by a syndicated bank debt facility would provide a strong platform for finalising arrangements for the required balance. The Company continues to engage and negotiate with several other potential sources to complete all required funding for the project ASX:WWI Post-Tax NPV (7.5%) Post-Tax Internal Rate of Return DFS - Financial Evaluation2 GOLD PRICE US$1,850/oz Total Revenue US$1.7b Total Free Cashflow US$522m LOM C1 Cost US$818/oz AISC – Life of Mine US$977/oz AISC – Steady State US$871/oz Pre-Tax Internal Rate of Return 61% * USD converted to AUD at 1.5873 PAGE | 14 TARGETING FIRST GOLD POUR Q4 2025 2024 2025E H1 H2 2026E H1 2027E 2027E H2 H1 H2 H1 LVL 2 LVL 3 LVL 4 LVL 5 H2 2028E H1 H2 Due Diligence completed on Sr Debt Facility Project Finance package with 50% - 60% Sr Debt Mobilise mining contractors & execute first blast Build 30,000t stockpile & start deliveries to Sibanye First gold pour EPCM contract works – major surface infrastructure UG level access via decline development LVL 1 Ongoing UG sampling to grow Ore Reserves Ramp up gold production to 70,000oz pa Steady-State2 ASX:WWI PAGE | 15 KEY MILESTONES DRIVING VALUE 2021 Milestones Catalysts ✓ Mining Right granted with 3.5Moz gold MRE8 ❖ Complete Project Finance package ✓ Stage 1 DFS confirms 278koz Ore Reserve & AISC US$1,144/oz1 ❖ Commission UG mine development ✓ MRE increased to 4.3Moz Gold7 ❖ First ore production via completed early works development ✓ Revised Scoping Study on Stages 1 – 46 ❖ Deliveries to Sibanye plant & First Gold Pour ✓ Early Works - surface infrastructure & UG access established ❖ Steady production ramp up via decline development ✓ Toll Processing Agreement secured with Sibanye Stillwater ✓ Updated DFS boosts Ore Reserves to 351koz & AISC US$977/oz2 ✓ Contracts negotiated with key suppliers ✓ Project finance due diligence successfully completed ✓ MRE increased to 5Moz Gold1 ✓ Credit Approval received from 1 out of 2 senior lenders 2024 ASX:WWI PAGE | 16 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 BRC Uranium Project has the potential to become a standalone mine with separate infrastructure accessed through the existing Circular Shaft site. Range Low High Tonnes (M) 10 22 Declared JORC Gold Mineral Resource: 1.38Mt Ore at 2.66g/t for 118,000oz3 Grade (ppm) U3O8 300 550 URANIUM EXPLORATION PROGRAM Content (Mlb) U3O8 12 16 ▪ Phase 1 2008 Exploration results4 confirmed consistent uranium mineralisation over approx. 3.3km with more than 7km of strike identified along the targeted Bird Reef section within the WBP’s mining right area ▪ BRC Uranium Exploration Program outlined and aimed at converting the significant Uranium Exploration Target to a JORC compliant Mineral Resource Estimate (MRE) within the Bird Reef Sequence of the WBP ▪ Uranium Exploration Target is confined to the western margin of the WBP’s mining right area and remains open for the approx. 3.75km strike length extension to the east ▪ 2022 Diamond Drilling results5 highlighted by: o Middle Reef (PH1B) - 1.59m depth @ 835ppm U & 1.46g/t Au (85.11m), including 0.96m @ 1,321ppm U & 2.30g/t Au from 85.74m) o White Reef (PH1B) - 1.20m depth @ 108ppm U & 5.45g/t Au (104.61m) Notes: The potential quantity and grade are conceptual in nature. There has been insufficient exploration and evaluation of historical information to estimate a Mineral Resource. It is uncertain if further exploration will result in the estimation of a Mineral Resource. URANIUM EXPLORATION PROGRAM TIMELINE Phase 1 – 2008 Completed 30 drillholes 6,688m3 Initial Exploration Program to confirm uranium mineralisation Phase 2 – 2022 Completed 3 drillholes 291m5 Execution of Phase 2 exploration drilling (BRC Project) Phase 3 Planned 10 drillholes 2,640m Convert Exploration Target to JORC MRE Phase 4 Planned 2 drillholes 1,600m Target depth extension of MRE o Middle Reef (PH1C) - 1.26m depth @ 221ppm U & 0.38g/t Au (77m) ASX:WWI PAGE | 17 WBP ENVIRONMENTAL, SOCIAL & GOVERNANCE (ESG) ENVIRONMENTAL STEWARDSHIP & BIODIVERSITY CONSERVATION ▪ Complete underground operation: low noise and dust levels ▪ Small footprint & surface infrastructure: low rehabilitation liability & minimal impact on surrounding environment ▪ Efficient water use model: Minimal water usage & zero effluent discharge into local tributaries SOCIAL POSITIVE IMPACT OF HOST COMMUNITIES ▪ Local Economic Development Programme: Community wards forum in collaboration with City of Joburg ▪ Local procurement: Sourced from growing BEE database ▪ Social & Labour Plan: Includes Beneficiary Learnership Programme GOVERNANCE RESPONSIBLE PRODUCTION PRACTICES ▪ Corporate Governance Framework: Complies with changing legal & regulatory requirements ▪ Company Mine Health & Safety: Conforms to Mine Health & Safety Act 29 of 1996 ▪ Health & Safety: Zero harm approach ▪ Stakeholder Engagement: Transparent reporting ASX:WWI PAGE | 18 Qala Shallows Box Cut CHIEF EXECUTIVE OFFICER INVESTOR RELATIONS SOUTH AFRICA AUSTRALIA Rudi Deysel Keith Middleton rdeysel@westwitsmining.com keith@middletoncorporate.com.au Unit 8A, Sifon Industrial Park 279 Sifon Street, Robertville Roodepoort 1709 Level 6, 400 Collins Street Melbourne, Victoria Australia 3000 westwitsmining.com | info@westwitsmining.com COPYRIGHT ©2023 ALL RIGHTS RESERVED ASX:WWI PAGE | 19 Appendix 1: Ore Reserve & Mineral Resource Estimate Statements Table 1: 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. 2. The evaluation used a gold price US$1,850 per ounce and a rate of exchange of R17.5 / US$ 1. ORE RESERVE STATEMENT FOR QALA SHALLOWS (JORC 2012) ORE Reserve Category Tonnage (Mt) Grade (g/t) Content (kg) WBP’s Global Mineral Resource is made up of several gold bearing reefs across the mining right area, a breakdown by reef and MRE category is detailed in Table 21. Content (oz) Proved 0.96 2.96 2 847 91 536 Probable 3.07 2.64 8 083 259 887 Total 4.03 2.71 10 930 351 424 MRE Notes: 1. Global MRE set at a 2.0g/t Au cut-off. Reported in accordance with the JORC Code of 2012. 2. Number differences may occur due to rounding errors. 3. Mineral Resources are reported as inclusive of Ore Reserves. 4. The Inferred Mineral Resources have a high degree of uncertainty, and it should not be assumed that all or a portion thereof will be converted to Ore Reserves. REFER TO SLIDE 9 FOR QALA SHALLOWS MINE INVENORY TABLE – 1Moz Note: errors may occur due to rounding differences Table 2: WBP (JORC) Mineral Resource Estimate – by Reef (2g/t cut-off)1 Measured Indicated Inferred Total Reef Tonnes (M) Grade (g/t) Ounces (M) Tonnes (M) Grade (g/t) Ounces (M) Tonnes (M) Grade (g/t) Ounces (M) Tonnes (M) Grade (g/t) Ounces (M) Bird – Central & West 0.04 3.73 0.00 0.89 2.51 0.07 0.44 2.86 0.04 1.38 2.66 0.12 Bird – East 2.22 4.30 0.31 2.00 4.74 0.30 0.42 4.48 0.06 4.63 4.51 0.67 K9B KRC 0.00 2.98 0.00 0.10 3.87 0.01 0.18 4.22 0.02 0.28 4.08 0.04 K9B KRE 1.93 4.37 0.27 6.21 4.14 0.83 2.35 5.51 0.42 10.50 4.49 1.52 K9A KRE 2.10 4.54 0.31 1.82 4.20 0.25 4.20 5.14 0.69 8.11 4.77 1.25 K9B KRE (PR 10730) 0.31 5.18 0.05 0.54 5.92 0.10 1.46 5.18 0.24 2.31 5.35 0.40 K9A KRE (PR 10730) 0.59 4.95 0.09 0.50 5.01 0.08 1.05 5.27 0.18 2.14 5.12 0.35 Main Reef Leader 0.72 5.81 0.14 0.15 8.34 0.04 0.09 7.54 0.02 0.96 6.36 0.20 Main 2.79 4.73 0.42 0.09 5.15 0.01 0.31 5.27 0.05 3.19 4.79 0.49 Total ASX: WWI | OTBCQB: WMWWF10.70 4.60 1.59 12.29 4.19 1.70 10.49 5.10 1.73 33.49 4.66 5.03 Note: errors may occur due to rounding differences APPENDIX 2 - REFERENCES 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. The original report was “WBP Global MRE Increases with New Prospecting Right” which was issued with consent of the Competent Person, Mr Hermanus Berhardus Swart. The report was released to the ASX on 16 December 2024 and can be found on the Company’s website (https://westwitsmining.com/). Comprising 10.7MT at 4.60g/t for 1.595Moz measured, 12.29MT at 4.19g/t for 1.70Moz Indicated and 10.49MT at 5.10g/t for 1.73Moz inferred. The Company is not aware of any new information or data that materially effects the information included in the relevant market announcement and, in the case of Mineral Resources or Ore Reserves, that all material assumptions and technical parameters underpinning the estimates in the relevant market announcement continue to apply and have not materially changed. The form and context in which the Competent Person’s findings are presented have not been materially modified from the original market announcement. The original report was “Updates to Qala Shallows DFS provide improved results for Witwatersrand Basin Project” which was issued with consent of the Competent Person, Mr. Andrew Pooley. The report was released to the ASX on 27 July 2023 and can be found on the Company’s website (https://westwitsmining.com/). The Company is not aware of any new information or data that materially effects the information included in the relevant market announcement and, in the case of Mineral Resources or Ore Reserves, that all material assumptions and technical parameters underpinning the estimates in the relevant market announcement continue to apply and have not materially changed. The form and context in which the Competent Person’s findings are presented have not been materially modified from the original market announcement. The original report was “Updated Mineral Resource Estimate for the Soweto Cluster” which was issued with consent of competent persons Mr. Herma