West Wits Mining Limited-Significant Upgrade to Global Gold Resource Base
West Wits Mining Limited (ASX: WWI) has delivered a material upgrade to the Global JORC (2012) Mineral Resource Estimate for its flagship Witwatersrand Basin Project, lifting the total resource by 2.2 million ounces to 7.24 million ounces of gold at an average grade of 4.0 g/t. The increase was driven by the grant of a new Prospecting Right that provides a seamless depth extension to the existing mining footprint, along with a revised cut-off grade reflecting a materially higher gold price environment. Importantly, approximately 4.0 million ounces of the updated resource is now classified as Measured and Indicated, strengthening confidence in mine planning and long-term development outcomes.
The high-grade nature of the project has been preserved, while the expanded resource base enhances project scale and longevity. Concurrently, development at Qala Shallows continues to advance, with first gold targeted for March 2026, supported by a recently completed institutional placement that fully funds the operation to steady-state production. Overall, the upgraded resource reinforces the strategic importance and growth potential of the Witwatersrand Basin Project.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au
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West Wits Mining Limited-Significant Upgrade to Global Gold Resource Base
West Wits Mining Limited (ASX: WWI) has delivered a material upgrade to the Global JORC (2012) Mineral Resource Estimate for its flagship Witwatersrand Basin Project, lifting the total resource by 2.2 million ounces to 7.24 million ounces of gold at an average grade of 4.0 g/t. The increase was driven by the grant of a new Prospecting Right that provides a seamless depth extension to the existing mining footprint, along with a revised cut-off grade reflecting a materially higher gold price environment. Importantly, approximately 4.0 million ounces of the updated resource is now classified as Measured and Indicated, strengthening confidence in mine planning and long-term development outcomes.
The high-grade nature of the project has been preserved, while the expanded resource base enhances project scale and longevity. Concurrently, development at Qala Shallows continues to advance, with first gold targeted for March 2026, supported by a recently completed institutional placement that fully funds the operation to steady-state production. Overall, the upgraded resource reinforces the strategic importance and growth potential of the Witwatersrand Basin Project.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au