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West Wits Mining Limited ( (AU:WWI) ) has provided an update.
West Wits Mining has secured a new prospecting right, PR 10839, adjacent to its existing mining right at the Witwatersrand Basin Project in Johannesburg, providing a seamless depth extension of the Kimberley Reef ore body that underpins the Qala Shallows gold development. The company has engaged consultants Shango Solutions to remodel the Kimberley Reefs mineral resource at a lower cut-off grade in light of significantly higher gold prices, incorporating data from the newly granted tenement; this work is expected to support the long-term expansion of the Qala Shallows and future Qala Deeps stages, potentially enhancing the scale and economics of the project for stakeholders.
The most recent analyst rating on (AU:WWI) stock is a Hold with a A$0.05 price target. To see the full list of analyst forecasts on West Wits Mining Limited stock, see the AU:WWI Stock Forecast page.
More about West Wits Mining Limited
West Wits Mining Limited is an ASX- and OTCQB-listed resources company focused on the exploration, development and production of high-value precious and base metals. Its flagship asset is the Witwatersrand Basin Project in the Central Rand Goldfield of South Africa, hosting a multi‑million‑ounce underground gold resource in one of the world’s most prolific gold districts. The company is also exploring for gold and copper at the Mt Cecilia Project in Western Australia, in a region that hosts several established tier-one mining operations.
Average Trading Volume: 17,049,897
Technical Sentiment Signal: Buy
Current Market Cap: A$242M
Learn more about WWI stock on TipRanks’ Stock Analysis page.