WWI 7.14% 1.5¢ west wits mining limited

Very nice!(:ASX Announcement and Media Release Friday, 3...

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    Very nice!

    ASX Announcement and Media Release
    Friday, 3 December 2021
    WBP’s Global JORC Mineral Resource Expands by
    724,000oz to 4.28Moz at 4.58 g/t Gold
    HIGHLIGHTS
    ➢ Witwatersrand Basin Project’s (“WBP”) updated global JORC Mineral Resource Estimate
    (“MRE”) now stands at 4.28Moz at 4.58g/t Au (2g/t cut-off)
    ➢ Results significantly grow the previously stated MRE1 by 724,000oz (20%) and increases
    grade by 0.32g/t Au for the combined Bird Reef (“BR”), Main Reef Leader (“MRL”) and
    Main Reef (“MR”) of the WBP area
    ➢ Measured Mineral Resource category increases by 766,000oz (112%) to 1.45Moz,
    representing 34% of the WBP’s total global Mineral Resource Estimate
    ➢ Mineral Resource modelling of the MR, MRL and BR East reefs was extended to a depth of
    1,000m below surface having previously been constrained to 400m in these areas
    ➢ MRE upgrade offers substantial improvements to the economic potential of the WBP,
    with Bara Consulting commissioned to update the WBP Scoping Study’s 1.57Moz
    Production Target2 and financial modelling for the new geological models
    West Wits Mining (ASX: WWI, “West Wits” or “the Company”) is pleased to announce a Global Mineral Resource
    update at the Company’s WBP, South Africa. This update significantly increases the Company’s global Mineral
    Resource Estimate by both ounces and grade and is reported within the guidelines of JORC (2012).

 
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