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West Wits Mining Limited ( (AU:WWI) ) has shared an announcement.
West Wits Mining Limited has issued 100,386,000 unlisted options to Absa Bank Limited to settle fees under a senior syndicated loan facility, highlighting Absa’s strategic endorsement of the Qala Shallows project. This move aligns the interests of both entities and supports West Wits’ growth as a mid-tier gold producer, while preserving cash resources during a critical funding stage.
More about West Wits Mining Limited
West Wits Mining Limited is focused on the exploration, development, and production of high-value precious and base metals. The company operates the Witwatersrand Basin Project in South Africa, known for its significant gold reserves, and is also exploring gold and copper at the Mt Cecilia Project in Western Australia.
Average Trading Volume: 22,953,787
Technical Sentiment Signal: Buy
Current Market Cap: A$191.7M
See more data about WWI stock on TipRanks’ Stock Analysis page.