... the WWI BOD have positioned WWI well imo ... [SOI est.1.4B] ...
... it's all there ... on the giant South African gold mine ...
"ASX Announcement and Media Release Wednesday, 21 October 2020 West Wits Global JORC Resource grows by 700,000oz to 4.37M oz at 3.88g/t Gold at Witwatersrand Basin Project West Wits Managing Director Mr Jac van Heerden said, “This upgrade to our flagship gold project provides a tremendous boost to our confidence in the mineralisation and mine modelling that we are undertaking to advance this project toward development and production. 4.37m oz at a robust grade of 3.88g/t gold further solidifies the fact that we have a substantial project at the WBP. We are confident in the anticipated granting of the Mining Right and that we will be able to bring the WBP into production relatively quickly given our plan for toll treatment at nearby facilities and easy access to the underground workings. The excellent analysis work carried out by Shango Solutions has highlighted higher grade zones such as the K9A’s 1.5Moz Au zone grading 5.3g/t, which for an underground operation is outstanding material to mine.” [part-of]
"ASX Announcement and Media Release Wednesday, 16 December 2020 UNDERGROUND MINE INSPECTION This mine visit was extremely successful, having visually confirmed: • Historical shafts have remained stable with almost no rock engineering issues identified (Image 5) since mine closure in 2001 • Natural ventilation exists through all old workings visited • The water level in the area is approximately 300m below surface The importance of being able to enter the old workings cannot be underestimated. It provides significant benefits compared to a typical greenfield project which does not have the advantage of understanding underground conditions to the extent that West Wits is able to determine at the WBP. By the time the Company commences mining, our team will have early mining areas identified and basic underground infrastructure installed. All of which will add value to the project and assist with the all-important early mining ramp-up initiative" [part-of]
"ASX Announcement and Media Release Tuesday, 2 March 2021 Cornerstone Investor Elects to Convert 100% of Convertible Notes Wingfield Director, Scott Kell, commented “Wingfield has been delighted with its investment in the WWI Notes and is now pleased to become a substantial shareholder, cementing its ongoing commitment to WWI’s targeted gold production. The current 4.37m ounce AU JORC resource1 already evidences a significant deposit. Wingfield believes that gold prices will rise in the coming years and with that the significant potential economic viability of the rest of the historical 12.8M ounce AU resource (JORC 1997)2, including those areas currently below the water table. We see the potential for developing WBP into a world class Tier 1 gold asset. We are excited for the future of WWI.” [part-of]
"ASX Announcement and Media Release Monday, 5 July 2021 Infill Drilling Program Grows JORC Resource at WBP to 4.47Moz at 4.24g/t Au West Wits Managing Director Mr Jac van Heerden said, “The successful completion of the infill exploration program has significantly advanced the Company’s mine plan on the Qala Shallows area of the project where the first mining is to be undertaken. A healthy 149,000oz was added to the measured mineral resource category and a pleasing uplift in grade was also seen. The updated MRE will underpin West Wits’ capacity to declare a maiden ore reserve for the Qala Shallows upon completion of the DFS which is scheduled for August 2021. The team have been busy advancing mine development planning in parallel to the mining right application process.” [part-of]
"ASX Announcement and Media Release Tuesday, 20 July 2021 Mining Right Granted at Witwatersrand Basin Project West Wits Chairman, Michael Quinert commented, “The Department’s decision to grant West Wits’ Mining Right is a pivotal milestone for the Company which heralds in the development of WWI’s marque Witwatersrand Basin Project. The granting is a testament to the quality and thoroughness of the engagement process undertaken by our lawyers, specialist consultants and the executive team led by Managing Director, Jac van Heerden, and comes at a critical time with the independent Definitive Feasibility Study on the Qala Shallows nearing completion. The WWI Team continues to ramp up development activity and is focused on project execution in the 2nd half of 2021 as it targets maiden underground gold production.”
(20min delay)