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An announcement from West Wits Mining Limited ( (AU:WWI) ) is now available.
West Wits Mining Limited has secured a USD 12.5 million loan facility from Nebari Natural Resources Credit Fund II LP to advance the development of its Qala Shallows Gold Project, part of the larger Witwatersrand Basin Project in South Africa. This funding marks a significant milestone for the company, providing a clear path to achieving its production goals with the first gold pour expected in Q1 2026. The loan facility is structured to protect shareholder value and offers potential scalability with additional funding tranches, positioning West Wits to become a meaningful gold producer in the region.
More about West Wits Mining Limited
West Wits Mining Limited is a company operating in the mining industry, focusing on gold production. It is primarily engaged in the development of the Witwatersrand Basin Project in South Africa, with a significant emphasis on the Qala Shallows Gold Project.
Average Trading Volume: 11,744,433
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$125.3M
See more data about WWI stock on TipRanks’ Stock Analysis page.