Transition from explorer to mine operator, nearing completion, focused on Qala Shallows project, gold production anticipated within eight weeks after operations begin.
Qala Shallows Mine:
Due diligence on a ZAR300 million debt facility completed.
Project ready to start with regulatory approvals and infrastructure in place.
Forecasted gold production: ~70,000 ounces per annum with an all-in cost under US$1,000/oz
Definitive Feasibility Study (DFS):
Life-of-Mine: 18 years.
Financials: Free cash flow of US$522M, peak funding of US$54M.
Mineral Resources:
Global Mineral Resource Estimate: 29.0Mt at 4.58g/t for 4.27Moz gold.
Current Ore Reserve: 4.03 million tonnes at 2.71g/t for 351,400 oz gold.
Operations Review:
South Africa operations focus on the Witwatersrand Basin Project (WBP).
Qala Shallows expected to create 1,000 direct jobs.
Key Contracts:
Agreements for water, power, and explosive supplies are in place to ensure smooth operation.
Australia:
Mt Cecelia Project in Western Australia focuses on gold and base metal exploration.
Recent drilling has shown promiting gold mineralization
Environmental, Social, and Governance (ESG):
Commitment to environmental stewardship, low-impact operations, and community engagement through local economic development programs.
Corporate Engagement:
Active industry engagement through conferences and presentations to investors.
WWI Price at posting:
1.6¢ Sentiment: Hold Disclosure: Held
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