Ann: Update on Financing Arrangements, page-86

Should we believe you where you are over 100% wrong??? ) .007c was your adamant promise 6 months ago. Laughable
And you were adamant the company would not even exist at this point?
Someone who hasn't held for over 3 years and has written 1000's of posts slandering the BOD and Investors? (Look at his profile all WWI, that tells you enough)


Or me with money in where my analysis is? Remember you told me I was I gambler but already the SP is over my buy in with massive upside just around the corner with final finance?

Remember according to you none of this was going to happen, but it all just keeps happening? Why because it is a great gold mine, in an existing mining super hub that has great upside with additional drilling of gold and diversification of its Uranium. Both of which have very rosy outlooks.

I do not trade like you for just 2 week flips, I build generational wealth and this is just another stone in that building.

Confirmed Production Timeline for Qala Shallows (Kimberley Reef):

1. Initial Mining (2025–2026):

• Finance Secured: Q1 2025.
• Mining Commences: Q2 2025.
• Initial Production (Ramp-Up): ~30,000–40,000 oz/year by 2026.

Steady-State Production (2027–2033):

• 70,000 oz/year steady-state production achieved by 2027.
• Maintained for 9 years as per the Definitive Feasibility Study (DFS).

Expansion Potential (Project 200):

• Trade-off studies suggest scaling to 200,000 oz/year by 2028–2029 if Project 200 is fast-tracked with additional infrastructure.

Ownership-Adjusted Valuation (2025–2028 Ownership Structure)

• WWI’s Effective Ownership: 66.6% of the Witwatersrand Basin Project (WBP)
• BEE Partner Ownership: 33.4% (well in excess of what is required under South African mining regulations)

Phase 1 (2025–2026):

• Finance Approved (Q1 2025), Mining Starts (Q2 2025).
• Initial Production: 30,000–40,000 oz/year (not 70,000 yet).
• PR 10730 integrated, boosting resource estimates.

Valuation (2025 - 2026):

• Lower Bound: 9–11 cents/share (5.6x–6.9x)
• Median: 13–15 cents/share (8.1x–9.4x)
• Upper Bound: 18–20 cents/share (11.25x–12.5x)

Phase 2 (2027–2028):

• 70,000 oz/year steady-state achieved by 2027
• Potential scale-up to 200,000 oz/year by 2028–2029
• PR 10839 granted, adding another 500,000–1 Moz
• Bird Reef uranium exploration advances

Valuation (2028):

• Lower Bound: 22–26 cents/share (13.75x–16.25x)
• Median: 32–36 cents/share (20x–22.5x)
• Upper Bound : 42–48 cents/share (26.25x–30x)

Key Drivers for 30x Growth Potential:

• Gradual production ramp-up to steady-state by 2027
• Aggressive expansion to 200,000 oz/year under Project 200
• Resource growth from PR 10730 and PR 10839
• Diversification through Bird Reef uranium development.