WWI west wits mining limited

Ann: Annual Report to shareholders, page-4

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    But here you go.

    Chairman’s Letter:
    • 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.

 
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