“The company has expanded the size and grade of its monster ‘Witwatersrand Basin’ gold project (WBP) to 4.28Moz at an ore grade of 4.58g/t.” Read the article here.
Category Archives: Media
“Durban Deep was one of the most famous gold mines in the Witwatersrand Basin. It didn’t close because of a lack of ore, there were management issues. West Wits has picked up one of the most potential and highest number of gold ounces in the world. At $3 an ounce US you can count on […]
West Wits Mining (WWI) has announced it is looking to raise $9.3 million capital raise to advance the development of its Witwatersrand Basin Project. The company has just completed a placement to raise $1.6 million, offering shares at 3.2 cents per share. West Wits is now looking to raise a further $7.86 million at three […]
Proactive Investors: West Wits Mining out to bank A$9.3 million from underwritten rights issue and placement
West Wits managing director Jac van Heerden said: “Following the granting of the mining right and completion of the Qala Shallows (Stage 1) definitive feasibility study in quarter three, 2021, West Wits has rapidly advanced site establishment, mine development and the Early Mining Initiative at the Witwatersrand Basin Project in South Africa. “The additional funding […]
Proactive Investors: Wingfield Partners speaks to its investment and excitement around West Wits Mining’s assets
Scott Kell speaks to Proactive Investors about Wingfield Partners’ investment in West Wits. “I had owned Durban Deep stock from my family in the late 90s and knew about the Witwatersrand Basin. Twenty odd years later, I am looking at this mine that was forgotten for nearly two decades … I think it is a […]
West Wits has started its Early Mining Initiative at the WBP’s Qala Shallows, which aims to produce 5,000t – 8,500t ore per month from February 2022. This is additional to the production targets stated in our DFS. The appointed mining contractor is BEE certified Modi Mining and Goldplat is our toll treating partner for this […]
Proactive Investors: West Wits Mining appoints Africa-focused debt advisor to spearhead project financing
“With Taurum’s appointment, WWI is a step closer to assessing financing options that will support the circa US$50 million required to bring the Witwatersrand gold asset online.” Read the article here.
Listen to Jac van Heerden’s (MD) presentation here.
Jac Van Heerden (MD) presented at ShareCafe’s “Hidden Gems” webinar on 20 September 2021. Gold projects in South Africa & Western Australia
“Mining Weekly: When does West Wits Mining envisage that its Witwatersrand Basin project will commence gold mining? Van Heerden: It’s been a process getting to this point where we were recently granted our mining right and announced our feasibility study and we’re now in a position of starting up our mine, about 15 km to the west of the Johannesburg CBD. I’m happy to say that […]