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An update from West Wits Mining Limited ( (AU:WWI) ) is now available.
West Wits Mining Limited has made significant progress at its Qala Shallows Gold Project, securing US$12.5 million in funding from Nebari Natural Resources Credit Fund II LP. This funding is part of a larger US$35 million facility and will support the company’s efforts to advance underground development and infrastructure. The company has successfully delivered its first underground ore to the surface and is on track for its first gold pour in March 2026. With the commissioning of new equipment and an expanding workforce, West Wits is poised to achieve a steady-state production of 70,000 ounces annually, marking a crucial step in its strategic plan to establish a high-margin gold operation in the Witwatersrand Basin.
More about West Wits Mining Limited
West Wits Mining Limited is a mining company focused on gold production, primarily operating within South Africa’s Witwatersrand Basin. The company is engaged in the development of the Qala Shallows Gold Project, with a strategic emphasis on advancing underground operations and infrastructure to achieve sustainable, high-margin gold production.
Average Trading Volume: 22,445,086
Technical Sentiment Signal: Buy
Current Market Cap: A$191.7M
Find detailed analytics on WWI stock on TipRanks’ Stock Analysis page.