West Wits Mining looks ahead as DFS technical reports at Witwatersrand Basin Project set for completion in late August
- West Wits Mining confirms high-priority Mt Cecelia targets via ground survey
- West Wits Mining's scoping study production model highlights Witwatersrand Basin Project long-life potential
- West Wits Mining makes progress with Qala Shallows at its Witwatersrand Basin gold project
Quick facts: West Wits Mining Limited
Price: 0.055 AUD
Market Cap: $83.54 m
About the company
West Wits Mining Limited (ASX:WWI) is an exploration and development company targeting gold in two prolific regions, Witwatersrand in South Africa and the Pilbara in Australia.
The company aims to transition to a mid-tier gold producer from its flagship project in South Africa’s Central Rand Goldfield, the Witwatersrand Basin Project (WBP), which contains a JORC-compliant mineral resource of 4.37 million ounces of gold at 3.88 g/t.
West Wits is also targeting gold, VMS and manganese at its 100%-owned Mt Cecelia Project within the highly prospective Paterson Province region of Western Australia’s East Pilbara.
How it is doing
West Wits Mining Limited (ASX:WWI) has executed a ground electromagnetic (EM) survey program over a suite of high-priority targets at its multi-element Mt Cecelia Project in Western Australia's Paterson Province.
Through the program, the developer behind South Africa's 3.55-million-ounce Witwatersrand Basin gold play confirmed that all four greenfields targets are related to legitimate bedrock conductors, meaning there could be strong mineralisation.
Following on from the campaign, further ground-based geological mapping and sampling is expected to kick off this month.
In the meantime, West Wits is modelling the survey data to create a series of first-pass drill targets for exploration during next year’s field season.
West Wits Mining Limited (ASX:WWI) has released the definitive feasibility study (DFS) for Qala Shallows, the first stage of planned mine development at its Witwatersrand Basin Project (WBP) southwest of Johannesburg, South Africa.
The DFS forecasts the production of 663,000 ounces of gold for Qala Shallows, the WBP’s first stage of development, over a 17-year mine life.
Insight: West Wits Mining's scoping study production model highlights Witwatersrand...
West Wits Mining Limited (ASX:WWI)’s scoping study production model has indicated the potential for a long-life at the Witwatersrand Basin Project (WBP) on the northern edge of the Witwatersrand Basin southwest of Johannesburg, South Africa.
Results have indicted the potential to turn the project into a long-term gold producer with average steady state annual production of 80,000 ounces for 18 years over a 20-year mine-life.
What management says
West Wits Mining Limited (ASX:WWI) managing director Jac van Heerden joined Proactive's Stephen Gunnion to discuss the just-released definitive feasibility study (DFS) for Qala Shallows, the first stage of planned mine development at its Witwatersrand Basin Project (WBP) southwest of Johannesburg, South Africa.
Van Heerden telling Proactive that Qala Shallows is Stage 1 of 5 stages in the greater Witwatersrand project, and DFS studies may also be carried out on the remaining four targets. He envisages funding the future stages with production from Qala Shallows.
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