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West Wits Mining to scale up on the back of updated estimate at Kimberley Reef

West Wits Mining is a gold production and exploration company with its main production in the Witwatersrand basin in South Africa and exploration sites in the Pilbara region of Western Australia.

The South African project has just had a significant upgrade to its Kimberley Reef within the Witwatersrand Project which will take the company to being a mid-tier producer by early next year.

“At the Wits we have current production, we are cashflow positive, we are looking to double that production over the next few months and then early next year… we feel that we can become a 30,000 ounce producer per annum, and once we get underground we will scale it up to 70,000 – 100,000 ounces” says the company’s exploration director Andrew Tunks.

Quick facts: West Wits Mining Limited

Price: 0.006 AUD

ASX:WWI
Market: ASX
Market Cap: $5.54 m
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West Wits Mining expects Witwatersrand mining right to be granted by September

West Wits Mining Limited (ASX:WWI) executive chairman Michael Quinert updates Proactive Investors on the gold company's development of its Witwatersrand Basin Project in South Africa.   The project's scoping study was recently approved by the mining regulator, putting the company...

on 9/5/19

2 min read