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An announcement from West Wits Mining Limited ( (AU:WWI) ) is now available.
West Wits Mining Limited has announced the finalization of a $14 million placement to fund key activities and expand its ownership of the Witwatersrand Basin Project to 74%. The company is updating its Definitive Feasibility Study for the Qala Shallows project to reflect improved mine economics, which is expected to lower funding requirements, shorten payback periods, and increase net present value estimates. Mobilization for ore extraction has commenced, with equipment and infrastructure preparations underway. This strategic move is part of West Wits Mining’s broader vision to significantly increase its gold production capacity.
More about West Wits Mining Limited
West Wits Mining Limited is a company in the mining industry, primarily focused on gold production. Its key project is the Witwatersrand Basin Project (WBP), with a significant focus on the Qala Shallows gold project.
Average Trading Volume: 5,272,042
Technical Sentiment Signal: Sell
Current Market Cap: A$66.63M
For a thorough assessment of WWI stock, go to TipRanks’ Stock Analysis page.