The latest update is out from West Wits Mining Limited ( (AU:WWI) ).
West Wits Mining Limited is undertaking a strategic review of its Witwatersrand Basin Project in response to the recent rise in gold prices, which now exceed US$3,000 per ounce. This review aims to reassess project assumptions and potentially unlock previously excluded mining zones, enhancing the project’s economic viability. The review will focus on optimizing the Qala Shallows Mine Plan and exploring opportunities in the Main Reef and Bird Reef areas, with the potential to increase ore reserves and accelerate production. This initiative is expected to set the company’s strategic direction for the next 3 to 5 years, maximizing the value of its mining assets.
More about West Wits Mining Limited
West Wits Mining Limited is a company operating in the mining industry, primarily focusing on gold extraction. Its key project is the Witwatersrand Basin Project (WBP) in South Africa, which includes multiple mining targets such as the Qala Shallows, Main Reef, and Bird Reef.
YTD Price Performance: 70.0%
Average Trading Volume: 4,660,473
Technical Sentiment Signal: Sell
Current Market Cap: A$44.63M
For detailed information about WWI stock, go to TipRanks’ Stock Analysis page.