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West Wits Mining continues to ramp up South African gold operations

West Wits Mining (ASX:WWI) has extracted 23,000 tonnes of ore up to December 2016 from the Sol Plaatje Project in South Africa and has trucked the ore to the nearby Mogale gold plant.
West Wits Mining continues to ramp up South African gold operations
West Wits Mining continues to ramp up South African gold operations

The company’s shares are up 11.1% intra-day, currently trading at $0.03.

In December, 9,000 tonnes were extracted as the ramp in production continues to a targeted production of 12,000 tonnes per month by the end of calendar Q1 2017.

The company is aiming for a production rate of 15,000 tonnes per month eventually.

The head grade from the pit is continuing in line with expectations at circa 2 g/t gold.

West Wits is assessing the possibility of expanding the two pits that are currently being mined.

Additionally, planning work is also being undertaken to substantially increase the size of the project, with the addition of three further pits along strike.

Various scenarios for optimising the project’s potential are being reviewed by West Wits’ consultants with the head contractor.

Further meetings to finalise the mine plan and the definitive agreements are planned to commence in the first week of February with an agreement to be finalised by the end February.

The company has received $170,000 for the period of operations from commencement in August up until end November 2016, which saw some 14,000 tonnes of ore processed.

West Wits is expected to provide further updates for the Sol Plaatje Project as production continues to increase, expanded mine plans are finalised and agreements executed.

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West Wits Mining Ltd Timeline

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