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), South Africa

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

Qala Shallows (Stage 1) robust DFS 17-year Life-of-Mine for 944,000oz 70,000oz p/a steady-state production for 12 years

Qala Shallows – DFS Post Tax IRR 81% & NPV US$500M at US$2,850/oz gold price

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 – Executed Loan Documents for ZAR 875M (approx. USD 50M) senior debt syndicated loan facility; IC approval for USD 12.5 million loan facility from Nebari Natural Resources Credit Fund II LP (approx. AUD 19 million)

Experienced international board and management team