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West Wits Mining Limited ( (AU:WWI) ) has shared an update.
West Wits Mining has begun its transition to gold production at the Qala Shallows project in South Africa, achieving its first gold pour in March 2026 and commencing a production ramp-up. The project is notable as the first new underground gold mine developed in the country in more than 15 years, with underground development and ore deliveries to Sibanye-Stillwater’s Ezulwini processing plant steadily increasing toward a planned steady-state operation.
To support this ramp-up, the company has secured approximately four months of diesel supply and is progressing a connection to grid power targeted for late 2026, aiming to bolster energy security and cost efficiency. West Wits has also expanded its global JORC mineral resource estimate to 7.24 million ounces of gold and launched a scoping study for “Project 200,” targeting annual output of about 200,000 ounces, while an institutional equity placement of A$33.74 million fully funds Qala Shallows to steady-state production.
More about West Wits Mining Limited
West Wits Mining Limited is an Australia-listed gold mining company focused on developing the Witwatersrand Basin Project in Gauteng, South Africa. Its primary asset is the Qala Shallows underground gold mine, positioning the company to evolve from explorer-developer to mid-tier producer in a historic but supply-constrained gold district.
Average Trading Volume: 1,956,816
Technical Sentiment Signal: Buy
Current Market Cap: A$252.1M
For detailed information about WWI stock, go to TipRanks’ Stock Analysis page.