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West Wits Mining Limited ( (AU:WWI) ) has provided an update.
West Wits Mining Limited announced its participation in the Bell Potter Unearthed Natural Resources Conference, where its Chairman, Mr. Michael Quinert, presented the Qala Shallows Gold Project. The project anticipates producing 924,000oz of gold over an 18-year period, with a steady annual output of 70,000oz for nine years at a cost below US$1,000/oz. Financing for the project is progressing with advanced discussions for a syndicated senior debt loan, involving a South African Development Finance Institution and a commercial bank, which has secured final credit approval contingent on certain conditions.
More about West Wits Mining Limited
West Wits Mining Limited is engaged in the exploration, development, and production of precious and base metals, particularly focusing on the Witwatersrand Basin Project in South Africa, known for its gold reserves. The company is also exploring gold and copper in Western Australia’s Mt Cecilia Project.
YTD Price Performance: 7.14%
Average Trading Volume: 2,275,046
Technical Sentiment Consensus Rating: Hold
Current Market Cap: A$42.29M
See more data about WWI stock on TipRanks’ Stock Analysis page.
