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West Wits Mining Limited
(Sydney:WWI)
West Wits Mining Limited (WWI) vs. iShares MSCI Australia ETF (EWA)
West Wits Mining Limited Business Overview & Revenue Model
West Wits Mining Limited Financial Statement Overview
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 45.00K | 54.00K | 28.00K | 56.00K | 67.00K | 78.00K |
| Gross Profit | 45.00K | 54.00K | -110.00K | -116.00K | -33.00K | 74.00K |
| EBITDA | -2.20M | -2.19M | -1.68M | -2.95M | -5.53M | -431.00K |
| Net Income | -3.27M | -3.27M | -1.68M | -2.75M | -5.28M | -341.00K |
Balance Sheet | ||||||
| Total Assets | 43.42M | 43.42M | 28.23M | 25.93M | 27.28M | 15.49M |
| Cash, Cash Equivalents and Short-Term Investments | 12.15M | 12.15M | 1.41M | 1.37M | 2.33M | 973.00K |
| Total Debt | 799.00K | 1.05M | 68.00K | 150.00K | 1.00M | 129.00K |
| Total Liabilities | 5.88M | 5.88M | 3.10M | 3.14M | 5.01M | 2.57M |
| Stockholders Equity | 45.31M | 45.31M | 32.53M | 30.17M | 28.76M | 18.85M |
Cash Flow | ||||||
| Free Cash Flow | -4.76M | -4.76M | -2.92M | -4.92M | -13.30M | -4.72M |
| Operating Cash Flow | -1.18M | -1.18M | -1.53M | -2.68M | -3.00M | -2.01M |
| Investing Cash Flow | -3.58M | -3.58M | -1.40M | -2.24M | -10.30M | -2.71M |
| Financing Cash Flow | 15.44M | 15.44M | 2.90M | 4.44M | 14.67M | 4.43M |
West Wits Mining Limited Technical Analysis
West Wits Mining Limited Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
49 Neutral | ― | ― | ― | ― | 51.91% | 42.86% | |
49 Neutral | AU$207.08M | -41.54 | -8.41% | ― | ― | -85.71% | |
46 Neutral | $114.49M | ― | -31.98% | ― | ― | -700.00% | |
43 Neutral | AU$75.21M | -12.80 | -13.15% | ― | ― | 3.85% | |
40 Neutral | AU$129.88M | -8.57 | -18.74% | ― | ― | 14.63% | |
36 Underperform | AU$123.84M | -108.96 | -2.97% | ― | ― | 42.74% |
West Wits Mining Limited Corporate Events
West Wits Mining Limited announced the issuance of 2,625,000 fully paid ordinary shares following the exercise of unlisted options, with an exercise price of $0.023 and an expiry date in September 2027. This move, executed without disclosure to investors under specific provisions of the Corporations Act, reflects the company’s compliance with regulatory requirements and potentially strengthens its capital structure, impacting its operational capabilities and market positioning.
West Wits Mining Limited has announced the issuance of 2,625,000 fully paid ordinary securities, which are set to be quoted on the ASX as of October 20, 2025. This move is part of the company’s strategy to enhance its capital structure, potentially impacting its market position and providing opportunities for stakeholders through increased liquidity and investment potential.
West Wits Mining Limited has announced its 2025 Annual General Meeting, scheduled for 20 November 2025 in Melbourne. Shareholders are encouraged to participate either by attending in person or by lodging their votes via proxy. The meeting will address the company’s annual financial statements and include resolutions on adopting the remuneration report and the election of Mr. Rudi Deysel as a director. The announcement emphasizes the importance of shareholder engagement and outlines the procedures for voting and accessing meeting documents online, reflecting the company’s commitment to transparency and stakeholder involvement.
West Wits Mining Limited has announced the issuance of 625,000 fully paid ordinary shares following the exercise of unlisted options, with an expiry date of September 2027 and an exercise price of $0.023. This move, executed without disclosure under Part 6D.2 of the Corporations Act, signifies the company’s compliance with relevant statutory provisions and reflects its strategic financial maneuvers to potentially strengthen its capital base.
West Wits Mining Limited has announced the issuance of 625,000 ordinary fully paid securities, which will be quoted on the ASX. This move signifies the company’s strategic efforts to strengthen its financial position and expand its operational capabilities, potentially impacting its market standing and offering new opportunities for stakeholders.
West Wits Mining Limited has achieved a significant milestone with the commencement of underground ore production at its Qala Shallows gold project in South Africa’s Witwatersrand Basin. This marks the transition from development to production, supported by robust infrastructure and a strong financial position, including substantial funding arrangements. The company is targeting a 30,000-tonne ore stockpile by Q1 2026, with gold processing set to begin soon after, enhancing its operational capabilities and industry positioning.
West Wits Mining Limited announced that its Managing Director, Rudi Deysel, will present at the Munich Mining Conference, highlighting the company’s progress at the Qala Shallows project in South Africa. This presentation underscores recent advancements and funding, potentially strengthening the company’s position in the gold mining industry and offering promising implications for stakeholders.
West Wits Mining Limited has released its corporate governance statement for the financial year ending 30 June 2025, confirming its adherence to the ASX Corporate Governance Council’s principles and recommendations. The statement, approved by the board, is available on the company’s website. This disclosure ensures transparency and accountability, reinforcing the company’s commitment to robust governance practices, which is crucial for maintaining investor confidence and regulatory compliance.
West Wits Mining Limited has released its Annual Report for the year ending June 30, 2025. The report provides a comprehensive overview of the company’s operations, financial performance, and strategic direction. Key highlights include a detailed review of operations, ore reserve and mineral resource estimates, and financial statements. This report is crucial for stakeholders to assess the company’s market position and future prospects.
West Wits Mining Limited has announced that its 2025 Annual General Meeting of shareholders will be held on 20 November 2025, with the closing date for director nominations set for 9 October 2025. This announcement, approved by the Chairman, is a procedural update that ensures compliance with ASX Listing Rule 3.13.1 and provides stakeholders with important dates regarding corporate governance activities.
West Wits Mining Limited announced the issuance of 11,125,000 fully paid ordinary shares at $0.04 per share without disclosure to investors under specific provisions of the Corporations Act. This move complies with relevant legal requirements and indicates the company’s ongoing efforts to raise capital, potentially impacting its operational capabilities and market positioning.
West Wits Mining Limited has announced the issuance of 11,125,000 fully paid ordinary securities, which will be quoted on the Australian Securities Exchange (ASX) as of September 23, 2025. This issuance is part of previously announced transactions and is expected to support the company’s strategic initiatives and potentially enhance its liquidity and market presence.
West Wits Mining Limited announced the issuance of 431,375,000 fully paid ordinary shares at $0.04 per share, without disclosure to investors under Part 6D.2 of the Corporations Act 2001. This strategic move aims to strengthen the company’s financial position, potentially enhancing its operational capabilities and market presence.
West Wits Mining Limited has announced the issuance of 431,375,000 ordinary fully paid securities, which are set to be quoted on the Australian Securities Exchange (ASX) as of September 19, 2025. This move is part of previously announced transactions and is expected to enhance the company’s financial standing and operational capacity, potentially impacting its market positioning positively.
West Wits Mining Limited has issued a total of 2,175,000 fully paid ordinary shares, comprising 1,250,000 shares from the conversion of a convertible note and 925,000 shares from the exercise of unlisted options. This action, conducted without investor disclosure under specific provisions of the Corporations Act, reflects the company’s compliance with regulatory requirements and its strategic efforts to manage financial resources effectively.
West Wits Mining Limited has announced the quotation of 2,175,000 ordinary fully paid securities on the Australian Securities Exchange (ASX) as of September 15, 2025. This move is part of the company’s strategy to strengthen its financial position and potentially expand its operational capabilities, which could have significant implications for its stakeholders and market positioning.
West Wits Mining Limited has announced a proposed issue of 437,500,000 fully paid ordinary securities, scheduled for issuance on September 22, 2025. This move is part of the company’s strategy to raise capital, potentially impacting its financial standing and providing opportunities for growth and expansion in the mining sector.
West Wits Mining Limited has successfully raised A$17.5 million through a placement to institutional and professional investors, which will be used to accelerate the development of its Qala Shallows project into production. This funding, along with existing financial facilities, strengthens the company’s balance sheet and positions it to achieve near-term gold production, enhancing its growth strategy and potential for stakeholders.
West Wits Mining Limited announced a change in the interests of Director Michael Quinert, involving the acquisition of new options. The director’s indirect interest increased with the issuance of 5,773,090 new options, which were provided as free-attaching options linked to lender repayment shares and placement shares. This change reflects strategic financial maneuvers to strengthen the company’s capital structure and potentially enhance its market positioning.
West Wits Mining Limited has requested a trading halt on its securities pending an announcement regarding a proposed capital raising. This move is intended to help the company manage its continuous disclosure obligations, with the trading halt expected to last until the announcement is made or normal trading resumes on 15 September 2025.
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.
West Wits Mining Limited has released a holdings report detailing the distribution of its options expiring in 2027, with a significant concentration of ownership among a few key stakeholders. The report highlights that the top holders, including Twynam Investments Pty Ltd and Citicorp Nominees Pty Limited, collectively hold a substantial portion of the issued share capital, indicating a concentrated ownership structure that could influence company decisions and market dynamics.
West Wits Mining Limited has announced the issuance of new options to be quoted on the ASX, with a total of 339,075,015 securities set to be listed. These options have an exercise price of $0.0385 and an expiry date of September 5, 2027, which could potentially impact the company’s financial strategy and market positioning by providing additional capital and investment opportunities.
West Wits Mining Limited has announced a prospectus for the issuance of new options with an exercise price of $0.0385, expiring two years from the issue date. The offers include up to 326,159,085 new options for participants in a placement and 12,915,950 new options for lenders. These offers were approved by shareholders and are available only to specified parties, closing on September 5, 2025. This strategic move aims to strengthen the company’s financial position and support its ongoing projects, potentially impacting its market standing and stakeholder interests.
West Wits Mining Limited announced its participation in an Australian roadshow and the Africa Down Under Conference, where it will present its flagship South African Witwatersrand Basin gold project. This initiative is part of the company’s efforts to engage with investors and stakeholders, highlighting the Qala Shallows stage of their project, which is expected to strengthen their position as a near-term gold producer in the region.
West Wits Mining Limited has announced a change in the director’s interest, specifically regarding Michael Quinert. The company issued shares to repay a loan and interest, as well as placement shares, both approved at a recent general meeting. This change increases the total number of securities held indirectly by Quinert, which may impact the company’s financial structure and shareholder dynamics.
West Wits Mining Limited has announced the issuance of 1,250,000 fully paid ordinary shares following the exercise of unlisted options. This move, executed without disclosure to investors under specific provisions of the Corporations Act, signifies the company’s compliance with regulatory requirements and may influence its capital structure and investor relations.
West Wits Mining Limited has announced the issuance of 1,250,000 fully paid ordinary shares, which will be quoted on the ASX. This move is part of the company’s strategy to capitalize on exercised options or converted securities, potentially strengthening its financial position and expanding its shareholder base.
West Wits Mining Limited has announced an investor webinar scheduled for August 29, 2025, where the company’s leadership will discuss the Witwatersrand Basin Gold Project and the revised Definitive Feasibility Study. This event is significant as it outlines the company’s strategic activities leading up to the anticipated start of gold production in 2026, which could impact its market positioning and stakeholder interests.
West Wits Mining Limited announced the issuance of 950,000 fully paid ordinary shares following the exercise of unlisted options. This move was made without disclosure under Part 6D.2 of the Corporations Act, and the company has ensured compliance with relevant provisions of the Act, indicating a transparent and regulatory-compliant approach to its operations.
West Wits Mining Limited has announced the issuance of 950,000 fully paid ordinary shares, which will be quoted on the ASX. This move reflects the company’s ongoing efforts to expand its capital base, potentially enhancing its financial position and supporting its operational activities in the gold mining sector.
West Wits Mining Limited has announced the issuance of a significant number of fully paid ordinary shares, totaling over 51 million, as part of exercising unlisted options, converting loans, and placements to related parties. This strategic move, approved in a recent general meeting, is aimed at strengthening the company’s financial position and supporting its operational goals, potentially impacting its market positioning and stakeholder interests positively.
West Wits Mining Limited has announced the issuance of 13,750,000 ordinary fully paid securities, which will be quoted on the ASX. This move is part of the company’s strategy to leverage convertible securities, potentially enhancing its market position and providing opportunities for growth and investment.
West Wits Mining Limited announced the quotation of 25,831,900 ordinary fully paid securities on the Australian Securities Exchange (ASX) as part of previously disclosed transactions. This move is expected to bolster the company’s financial standing and potentially improve its market visibility, offering stakeholders a clearer view of its growth trajectory.
West Wits Mining Limited has announced the quotation of 11,818,180 fully paid ordinary securities on the Australian Securities Exchange (ASX) as of August 22, 2025. This move is part of a previously announced transaction, potentially impacting the company’s capital structure and market liquidity, which may influence investor perceptions and stakeholder interests.
West Wits Mining Limited has announced the issuance of 10,625,000 fully paid ordinary shares following the exercise of unlisted options. This move, executed without the need for disclosure under specific provisions of the Corporations Act, signifies the company’s compliance with relevant regulatory requirements and reflects its strategic efforts to enhance its capital structure.
West Wits Mining Limited announced the quotation of 10,625,000 ordinary fully paid securities on the Australian Securities Exchange (ASX) as of August 21, 2025. This move is part of the company’s strategy to leverage convertible securities, potentially impacting its capital structure and offering new opportunities for stakeholders.
West Wits Mining Limited has announced the issuance of 16,250,000 fully paid ordinary shares, resulting from the conversion of convertible notes and the exercise of unlisted options. This strategic move is part of the company’s efforts to strengthen its financial position and support its ongoing exploration and development activities, potentially impacting its market standing and stakeholder interests.
West Wits Mining Limited announced that all resolutions were passed during its General Meeting of shareholders held on 11 August 2025. The resolutions included ratifications and approvals for the issuance of shares, options, and securities, including those to related parties and as repayment of loans. This outcome supports the company’s strategic financial arrangements and could enhance its operational capabilities and stakeholder confidence.
West Wits Mining Limited has increased its stake in the Witwatersrand Basin Project to 74% by completing a buy-back of a 10% minority interest from Lilitha Resources for US$5.09 million. This strategic move is expected to be value accretive, especially in light of the recent upgrade of the project’s Stage 1, Qala Shallows, which has shown promising economic indicators including a US$500 million post-tax NPV and an 81% post-tax IRR.
West Wits Mining Limited has commenced the mobilisation phase of its Qala Shallows project, marking a significant step towards gold production. The company has started transferring stockpiled ore to the Ezulwini Processing Plant, with processing expected to begin in the first half of 2026. Key contractors and suppliers have been mobilised, and infrastructure development is underway, including the delivery of essential equipment and services. This progress positions West Wits to efficiently ramp up mining operations and achieve its production targets, potentially strengthening its position in the gold mining industry.
West Wits Mining Limited announced its participation in the Diggers & Dealers Mining Forum, highlighting its flagship Witwatersrand Basin Project in South Africa. The company released a Definitive Feasibility Study for the Qala Shallows Project, forecasting a total gold production of 944,000 ounces over 17 years, with an annual production of 70,000 ounces at an All-In Sustaining Cost of US$1,181 per ounce. This development is expected to enhance the company’s operational capacity and strengthen its position in the gold mining industry.
West Wits Mining Limited has issued 9,202,453 fully paid ordinary shares following the conversion of six convertible notes. This move, executed without disclosure under Part 6D.2 of the Corporations Act, signifies the company’s strategic financial management and compliance with regulatory requirements, potentially impacting its financial structure and shareholder value.
West Wits Mining Limited has announced the quotation of 9,202,453 fully paid ordinary securities on the Australian Securities Exchange (ASX) as of July 29, 2025. This move is part of the company’s strategy to enhance its financial flexibility and support its ongoing mining projects, potentially impacting its market position and offering new opportunities for stakeholders.
West Wits Mining Limited has secured a senior syndicated loan facility of approximately USD 50 million to fund its Qala Shallows Gold Project, part of the larger Witwatersrand Basin Project. This loan, provided by the Industrial Development Corporation of South Africa and Absa Bank, covers 55% of the project funding. The company has commenced active mobilisation at Qala Shallows, marking a significant step in its operational progress. Key supplier contracts have been executed, and on-the-ground activities are underway, including the delivery of essential mining equipment and preparation for ore extraction. This development is expected to enhance West Wits’ position in the gold mining industry and increase its stake in the Witwatersrand Basin Project to 74%.