Announcement PDF ASX Announcement and Media Release 15 September 2026 page i INVESTOR ENGAGEMENT UPDATE West Wits Mining Limited (ASX:WWI) (OTCQB:WMWWF) (“West Wits”, or “the Company”) is pleased to provide an update on its investor engagement activities, with the Company set to participate in a series of leading gold and mining investment conferences across Hong Kong, Sydney, Zurich and London over the coming months. These activities form part of the Company’s broader strategy to increase investor awareness and engagement as the Company advances its marquee Qala Shallows gold project. The Company also provides an update on its newly launched Investor Hub shareholder platform and upgraded corporate website. Global Investor Engagement Program West Wits continues to broaden awareness of its production growth story among institutional and retail investors through an active program of engagement across key international markets. Over the coming months, the Company will participate in the following events: • FCR Resources Day, Hong Kong, week of 16th September 2026 • Australia Gold Conference in Sydney, 13–15th October 2026 • Zurich and Geneva investor briefings, week of 16th November 2026 • 121 Mining Investment, London, 23–24th November 2026 An updated Investor Presentation for this week’s Hong Kong road show is attached to this announcement. New Corporate Website The Company has also launched a new-look corporate website, providing shareholders and prospective investors with easier access to Company information, project updates and ASX disclosures. The new website is available here. Investor Hub Platform Investor Hub provides shareholders with a channel to access Company announcements, updates and events as West Wits advances the production ramp-up at Qala Shallows towards steady-state production of 70,000oz Au per annum2 . The platform strengthens the Company’s investor relations program by making it easier for existing and prospective shareholders to follow West Wits’ news flow and engage directly with management. Investor Hub provides: • Real-time alerts – ASX announcements delivered to registered shareholders as they are released • Engagement with management, a Q&A function enabling shareholders to submit questions to the Board and management team • On-demand access to investor webinars, presentations and briefing recordings • Centralised Company information from announcements, shareholding data and corporate documents in one location. ASX Announcement and Media Release 15 September 2026 page ii Shareholders can engage with this announcement via the West Wits Investor Hub. West Wits Mining CEO and Managing Director, Rudi Deysel, said: “As we scale production at Qala Shallows towards our steady-state target, we want our shareholders as close to the action as possible. Investor Hub gives our investors faster access to our news and a line to management, and our expanded engagement program means we're telling the West Wits growth story to a wider global audience.” Approved for release by the Managing Director of West Wits Mining Limited. For further information contact: Jessica Fertig, Investor Relations IR@westwitsmining.com General info@westwitsmining.com www.westwitsmining.com www.westwitsmining.com 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 7.24Moz gold project at 4.0g/t1 . 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. 1. The original report was “2.2Moz Increase to WBP Global Resource Estimate to 7.24Moz” which was issued with consent of the Competent Person, Mr Hermanus Berhardus Swart. The report was released to the ASX on 02 February 2026 and can be found on the Company's website (https://westwitsmining.com/). Comprising 14.08MT at 4.40g/t for 1.99Moz Measured, 15.55MT at 4.04g/t for 2.02Moz Indicated and 26.81MT at 3.75g/t for 3.23Moz 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. 2. The original report was “Updates to DFS provide Improved Results for WBP” which was issued with consent of the Competent Person, Mr. Andrew Pooley. The report was released to the ASX on 23 July 2025 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 DFS and any production target under the DFS contain inferred mineral resources. The directors confirm that it is reasonable to include these inferred mineral resources in the well-understood and researched structure of the Witwatersrand Basin and the views provided to West Wits by independent geological expert consultants, given the project’s location and geology. ASX:WWI | West Wits Mining | September 2026 A S X : W W I South Africa’s Newest Gold Producer Qala Shallows is in production and ramping to a 70,000 oz p.a. steady state1, with a scoping-study blueprint for future growth. MARCH 2026 FIRST GOLD POURED 70,000 oz p.a. STAGE 1: DFS STEADY-STATE PRODUCTION1 7.24 Moz Au MINERAL RESOURCE ASX:WWI | West Wits Mining | September 2026 Disclaimer 2 Forward-looking 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). 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. The production target and financial forecasting reported under the Qala Shallows Definitive Feasibility Study (DFS) contain inferred mineral resources. The directors confirm that it is reasonable to include these inferred mineral resources having regard to the location and geology of the project in the well understood and researched structure of the Witwatersrand Basin and the views provided to WWI by independent geological expert consultants. Competent Person Statements The original report was “Updates to DFS provide Improved Results for WBP” which was issued with consent of the Competent Person, Mr. Andrew Pooley. The report was released to the ASX in July 2025 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 “2.2Moz Increase to WBP Global Resource Estimate to 7.24Moz” which was issued with consent of the Competent Person, Mr Hermanus Berhardus Swart. The latest report was released to the ASX on 2 February 2026 and can be found on the Company’s website (https://westwitsmining.com/). Comprising 14.08MT at 4.40g/t for 1.99Moz Measured, 15.55MT at 4.04g/t for 2.02Moz Indicated and 26.81MT at 3.75g/t for 3.23Moz 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. ASX:WWI | West Wits Mining | September 2026 T H E I NV E ST M E NT C A S E Why West Wits Mining Now 3 01 ProducingGoldToday First gold poured in March 2026 -Qala Shallows is now in production & ramping to steady state. 02 Low cost, high margin DFSAISC of US$1,289/oz 1 versus gold above US$4,000/oz supports compelling operating margins. 03 Funded to Steady State ~A$97MAbsa/Nedbank fundingpackage secured, bridge finance repaid & A$16.5M cash at 11September 2026. 04 Blueprint for Growth Funded to a 70koz p.a. steady state1 , with a scoping study outlining potential to scale across a 7.24MozAu base2. 05 Additional commodity upside BirdReef Central adds a uranium–gold exposure & further development optionality. 06 Tier 1 GoldJurisdiction A strategic position in the Witwatersrand Basin (~22% of all gold ever mined ) supported by established infrastructure & skilled labour capability. ASX:WWI | West Wits Mining | September 2026 C A P I TA L S T RU C T U RE Capital Structure & Funding Position 4 Shares on issue 434.9 M Shareprice (10Sep-2026) A$0.415 Market capitalisation A$180 M Cash (11Sep-2026) A$16.5 M Total Funding Package -Absa / Nedbank ~A$97 M Debt Drawn Down ~A$30 M EV per MRE ounce A$27 / oz JORC Mineral Resource2 7.24 Moz @ 4.0 g/t FULLY FUNDED AND DE-RISKED TO STEADY STATE • ~A$97M funding package secured fromAbsa and Nedbank, comprising ~A$76M senior debt, ~A$13M working capital & ~A$8M cost-overrun facilities. • Higher-cost bridge funding has been repaid. CORPORATE STRUCTURE • WestWits Mining Ltd —ASX-listed parent • WBP heldthroughWestWits MLI (Pty) Ltd • 74% ownership by West Wits Mining • 26% heldby Lilitha Resources, BEE partner A$180M market cap + fully funded to steady-state + 74% project ownership + 7.24MozAu resource base2 ASX:WWI | West Wits Mining | September 2026 T H E OPP OR T U NI T Y Australian Capital Unlocking a Mispriced South African Gold Asset 5 WestWits has used Australian capital markets to develop a high-grade Witwatersrand asset that was overlooked by the local market. A Mispriced Asset A shallow, high-gradeWitwatersrand orebody overlookedas major South African miners shifted toward offshore & deeper assets. The Right Capital Market The ASX understands early-stage risk, funding development earlier than most markets & providedaccess to development capital earlier than traditional local markets, enablingQalaShallows to advance into production. Improving South African Backdrop The Government of NationalUnity, with the Minerals Council & forums like theJunior Indaba in Joburg - is moving towards policy reform, renewed mining investment & easier access for foreign capital are improving the operating & investment environment. Value Creation on Both Sides Australian capital unlocks an overlooked high-return SA asset:WestWits gains production & scale, while South Africa benefits from investment, jobs & economicactivity. ASX:WWI | West Wits Mining | September 2026 West Wits sits in the Central Rand, with established infrastructure, adjacent operations & access to both brownfield & greenfield development potential. ~22% of all gold ever mined has come from theWitwatersrand basin >1.5 bn oz of historic production - over 40,000 tonnes Central Rand Location positionedalongside established gold operations Brownfield + Greenfield Potential refurbished infrastructure plus a new decline into virgin ground 6 The Witwatersrand Basin A S T R A T E G I C P O S I T I O N I N T H E W O R L D ’ S M O S T P R O L I F I C G O L D B A S I N ASX:WWI | West Wits Mining | September 2026 A 7.24Moz2 base Supports Production & Growth T H E PR OD U C I NG AS S E T 7 WBP GLOBAL JORC MRE2 — INCLUSIVE OF ORE RESERVES Category Tonnes (Mt) Grade (g/t Au) Ounces (Moz) Measured 14.08 4.40 1.99 Indicated 15.55 4.04 2.02 Measured & Indicated 29.63 4.21 4.01 Inferred 26.81 3.75 3.23 Total 56.44 4.00 7.24 384 koz Maiden Ore Reserve @2.60 g/t1 1.03 Moz Qala Shallows mining inventory @ 3.0 g/t1 High-grade resource averaging 4.0g/tAu across the Kimberley, Bird and Main Reefs. TheFebruary2026 update added 1.2Moz @ 4.38g/t, with the orebody remaining open & ongoing drilling supporting further resource-to-reserve conversion. ASX:WWI | West Wits Mining | September 2026 T H E RO A D MA P From FirstGold to Steady State and a Blueprint for Growth 8 Production is underway, with a funded ramp up to a 70,000oz p.a. steady state1. The Project 200 scoping study set out a blueprint for growth towards 200,000oz p.a. production rate with separate uranium upside at BRC Project within Mining Right area. PHASE 1 · ACHIEVED Production established | 2025 - H1 2026 ● DFS updated& maiden reserve declared ● Site mobilised & commissioned ● Firstgold poured - March 2026 ● ~A$97M financing secured ● MRE increased to 7.24Moz @ 4.0g/t3 PHASE 2 · RAMP UP Scaling to steady state | H2 2026 – 2028 ● Decline development & advance undergroundmeters ● Ramp up ore delivery to Ezulwini plant ● Grid-power connection (early 2027) ● Steady state 70koz p.a. – Q1 2029 PHASE 3 · GROWTH Building Scale |2027 onward ● Project 200 study → MREconversion, DFS & funding ● BRC Stage-1 drilling → Uranium MRE ● Develop multiple mining fronts ● Project 200 scoping study — blueprint towards ~200koz p.a. potential ● Builda long-life, multi-commodity operation FIRST GOLD → 70,000 oz P.A. → GROWTH BLUEPRINT + URANIUM ASX:WWI | West Wits Mining | September 2026 T H E F I NA NC I A L C A S E Qala Shallows - High margins, strong returns at conservative gold assumptions 9 DFS1 economics based on US$2,850/oz gold price assumption, well below current spot, highlighting strong operating leverage & downside resilience. US$2.7bn LIFE-OF-MINE REVENUE US$983M FREE CASH FLOW US$500M POST-TAX NPV₇.₅ 81% POST-TAX IRR US$1,289/ozAISC1 versus ~US$4,600/oz spot gold THE VALUE OF ONE OUNCE OF GOLD,AT TODAY’S SPOT PRICE AISC US$1,289 CASH MARGIN ~US$3,300/oz Cost to produce one ounce Cash margin at today’s spot price DFS base case US$2,850/oz ▼ ~US$230M annual margin at 70koz p.a. @ USD 4,600/oz gold price, before corporate costs, finance, tax &other adjustments. Robust across the gold cycle 35% post-tax IRR at US$1,850/oz gold price, with downside protection from put options covering ~50% of production at ~US$3,500/oz through construction. Underpinned by: US$1,289/ozAISC (LoM) · US$1,181/ozAISC (steady state) · 8-month payback · 17-year mine life ASX:WWI | West Wits Mining | September 2026 17-year production profile with a ~70koz p.a. steady-state plateau1 Q AL A S H AL LO W S – L IF E O F M IN E 10 0 10000 20000 30000 40000 50000 60000 70000 80000 90000 0 100 200 300 400 500 600 700 800 900 1000 Year 1* Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10 Year 11 Year 12 Year 13 Year 14 Year 15 Year 16 Year 17 Recovered gold (oz) ROM tonnes (kt) Year of production ROM tonnes (kt) Recovered gold (oz) 944 koz Recoveredgoldover mine life ~10yrs of sustained~70koz p.a. production ~70 koz Steady-state plateau (Yrs 5–15) 17 yrs Mine life Source: Qala Shallows Updated DFS1 (Bara Consulting, 2025), base case at US$2,850/oz; *Year 1 ore stockpiling commenced ~November 2025. Production target includes Inferred Mineral Resources; see disclaimer. ASX:WWI | West Wits Mining | September 2026 Operational Ramp-Up is well underway T H E PR OD U CI NG AS S E T 11 June 2026 quarter - underground development, surface infrastructure & workforce expansion progressing toward steady-state production. 544 m UG development to 30 Jun (375 m on-reef) 45% Surface infrastructure complete ~1 yr Development saved via 2 Level breakthrough 431 Workforce on site (→ ~1,100 at steady state) ASX:WWI | West Wits Mining | September 2026 PR O J E C T 2 0 0 & B I R D R E E F C E NT RA L Scoping Study: a blueprint for growth 12 PROJECT 200 Scoping Study Completed A FRAMEWORK FOR LONG-TERM GROWTH Positive outcome supports continued evaluation of the broader WBP growth opportunity. Scoping Study results provide blueprint towards 200,000 oz production capacity. Additional Upside: Bird Reef Central (BRC) Uranium-Gold Standalone gold-uranium project - Funded exploration targeting a maiden Uranium Mineral Resource Estimate. Existing JORC MRE of 120koz @ 2.66g/tAu3 Integrated development pathway Evaluates QalaShallows alongside the broader Project 200 opportunity. Staged growth potential Provides a framework for evaluating future development beyond the current operation. Optimisation underway Technical & commercial optimisation continuing Mining Right – MR10073 (orange); Prospecting Rights – PR10730 (red) & PR10839 (yellow) The Project 200 scoping study is a conceptual blueprint showing how production could scale towards 200,000oz p.a. production rate from the existing 7.24Moz Au Mineral Resource2 base, with uranium-gold upside at Bird Reef Central. ASX:WWI | West Wits Mining | September 2026 ESG in action - jobs, safety & local enterprise R E S P ONS IB L E M I NI NG 13 Local enterprise Supporting localSMMEs & community vendors across catering, logistics & site services. Skills & employment Learnerships & local hiringare building workforce capability & supportinghost communities. Safety first Zero-harm ambition supported by formal safety systems, training & continuous review. Shared value Ongoingstakeholder engagement aligns mine development with community priorities & local economic participation. 450+ workers on site ASX:WWI | West Wits Mining | September 2026 T H E TE A M Experienced team to deliver the ramp-up and growth plan 14 BOARD Michael Quinert Chairman (AUS) ASX-experienced commercial lawyer advising listed miners globally; director of listed & unlisted companies. Rudi Deysel CEO / MD (SA) Mining engineer (MBA); underground, open-cast & multi-commodity production. Ex-Anglo American, Murray & Roberts. SimonWhyte CFO /Co. Secretary (AUS) CharteredAccountant; mining, commodities & logistics. Business transformation & integration expertise. Ex-EY and BP. SENIOR MANAGEMENT MaketeThema Head of Operations (SA) BSc Mining Engineering & MSc Engineering (Wits); disciplined operationaldelivery. Ex-Fraser Alexander &Sibanye-Stillwater. Lindiwe Magidimisa Head of Projects & BD (SA) BSc Chemical Eng, PGDip Industrial Eng &MBA; capital projects &assurance. Leadership roles at De Beers, ERG, Deloitte &Anglo. Tozama Kulati Siwisa MLI Executive Director | Head of Corporate Affairs (SA) ESG &transformation leader; ex-Lonmin stakeholder relations. 2025AAMEG Rising Star. Full board and management biographiesare available in the Company'sASX disclosures. ASX:WWI | West Wits Mining | September 2026 Building South Africa's next mid-tier gold producer. INVESTOR RELATIONS ir@westwitsmining.com · westwitsmining.com AUSTRALIA Level 6, 400 Collins Street, Melbourne VIC 3000 SOUTH AFRICA Unit 8A, Sifon Industrial Park, 279 Sifon Street, Robertville, Roodepoort 1709 AS X : WWI ASX:WWI | West Wits Mining | September 2026 Appendix Ore Reserve & Mineral Resource statements · References ASX:WWI | West Wits Mining | September 2026 A P PE ND I X 1 Ore Reserve & Mineral Resource 17 Qala Shallows Ore Reserve (JORC 2012)1 Category Tonnes (Mt) Grade (g/t) Content (oz) Proved 1.10 2.79 99,205 Probable 3.49 2.54 284,730 Total 4.60 2.60 383,934 WBP Global Mineral Resource Estimate — 1 Feb 20262 Category Tonnes (Mt) Grade (g/t Au) Ounces Measured 14.08 4.40 1,991,000 Indicated 15.55 4.04 2,020,000 Measured & Indicated 29.63 4.21 4,012,000 Inferred 26.81 3.75 3,232,000 Total 56.44 4.00 7,240,000 NOTES Global MRE reported per theJORC Code (2012), inclusive of Ore Reserves. Reef-level cut-offs: 1.24 g/t applying US$2,850/oz & ZAR18/US$; 2.0 g/t applying US$1,500/oz & ZAR15/US$. Ore Reserve evaluation used US$2,850/oz and ZAR18.0/US$; contains no Inferred Resources. Inferred MineralResources carry a high degree of uncertainty; conversion to Ore Reserves is not assured. Figures may not sum due to rounding. Full reef-by-reef breakdown is in theCompany's 2 Feb 2026 ASX release. ASX:WWI | West Wits Mining | September 2026 A P PE ND I X 2 References 18 1. The original report was “Updates to Qala Shallows DFS provide improved results for Witwatersrand Basin Project” , which was issued with the consent of the Competent Person, Mr Andrew Pooley. The report was released to the ASX on 27 July 2023 and is available on the Company’s website (https://westwitsmining.com/). The Company is not aware of any new information or data that materially affects 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 DFS and any production target under the DFS contain inferred mineral resources. The directors confirm that it is reasonable to include these inferred mineral resources in the well-understood and researched structure of the Witwatersrand Basin and the views provided to WWI by independent geological expert consultants, given the project’s location and geology. 2. The original report was “2.2Moz Increase to WBP Global Resource Estimate to 7.24Moz ” which was issued with the consent of the Competent Person, Mr Hermanus Berhardus Swart. The report was released to the ASX on 02 February 2026 and is available on the Company’s website (https://westwitsmining.com/). Comprising 14.08MT at 4.40g/t for 1.99Moz Measured, 15.55MT at 4.04g/t for 2.02Moz Indicated and 26.81MT at 3.75g/t for 3.23Moz Inferred. The Company is not aware of any new information or data that materially affects 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. 3. The 1.original report was “Updated Mineral Resource Estimate for the Soweto Cluster” which was issued with consent of competent persons Mr. Hermanus Berhardus Swart, it was released to the ASX on 22 January 2016 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. The form & context in which the Competent Persons’ findings are presented have not been materially modified.