Investors

“Our WBP has a robust resource with well-understood geology and we are using traditional mining areas in shallow areas with a huge well-known resource. It is a long-life mine – something your grandchildren will inherit.” Michael Quinert, West Wits Chairman

Significant gold resource in the Witwatersrand Bain Project (WBP)

WBP – Project 200 significant growth opportunity aimed to produce 200 000oz gold per annum

Qala Shallows (Stage 1) robust DFS aimed at 70,000oz p/a steady-state production for 9 years

Qala Shallows – DFS Post Tax IRR 53% & NPV US$255M at US$1,850/oz gold price

Qala Shallows – turn-key ready – regulatory approvals in place (Mining Right, Environmental, Power, Water, Explosives); site infrastructure maintained; key supplier contracts secured

Qala Shallows – Cost-effective toll treat agreement with Ezulwini Mining Company / Sibanye-Stillwater subsidiary

Funding – In process of securing syndicated non-dilutive debt loan, aiming to increase bank debt coverage to 50%-60% of development funding

Experienced international board and management team