HIGHLIGHTS
➢ Project Funding: Due diligence is now substantially completed by the South African
Development Finance Institution (“DFI” and it will proceed with its approval process
during the current quarter. Negotiations have progressed with a commercial bank which
has expressed interest to participate in a larger syndicated senior debt loan to potentially
be provided jointly with the DFI. The bank has commenced due diligence and will target
proceeding with its approval process during the current quarter.
➢ Qala Shallows: poised for operation, marked by strategic initiatives, completed
infrastructure projects, and finalised contracts.
➢ Mt Cecelia: Exploration License renewed for a further 5-year term on this highly
prospective exploration project targeting gold and base metals in the East Pilbara and
Paterson Province.
WWI Price at posting:
1.6¢ Sentiment: Hold Disclosure: Held
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and it will proceed with its approval process
(20min delay)