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West Wits Mining Limited ( (AU:WWI) ) just unveiled an update.
West Wits Mining Limited has increased its stake in the Witwatersrand Basin Project to 74% by completing a buy-back of a 10% minority interest from Lilitha Resources for US$5.09 million. This strategic move is expected to be value accretive, especially in light of the recent upgrade of the project’s Stage 1, Qala Shallows, which has shown promising economic indicators including a US$500 million post-tax NPV and an 81% post-tax IRR.
More about West Wits Mining Limited
West Wits Mining Limited is engaged in the exploration, development, and production of high-value precious and base metals, focusing on projects in South Africa and Western Australia. The company’s flagship project, the Witwatersrand Basin Project, is located in a renowned gold region and boasts significant gold reserves.
Average Trading Volume: 9,141,727
Technical Sentiment Signal: Buy
Current Market Cap: A$92.58M
Learn more about WWI stock on TipRanks’ Stock Analysis page.
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