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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% | |
51 Neutral | AU$175.77M | -10.49 | -18.74% | ― | ― | 14.63% | |
49 Neutral | ― | ― | ― | ― | 51.91% | 42.86% | |
46 Neutral | AU$222.47M | -48.46 | -8.41% | ― | ― | -85.71% | |
46 Neutral | AU$111.12M | -8.25 | -31.98% | ― | ― | -700.00% | |
43 Neutral | AU$83.43M | -14.80 | -13.15% | ― | ― | 3.85% | |
36 Underperform | AU$135.72M | -120.90 | -2.97% | ― | ― | 42.74% |
West Wits Mining Limited Corporate Events
West Wits Mining Limited has officially opened the Qala Shallows Underground Mine in South Africa, marking the first new underground gold mine in the region in 15 years. This development is a significant milestone for the company and the South African gold sector, contributing to regional economic development and revitalizing the historic gold province. The project, which has already delivered its first ore, is expected to produce approximately 70,000 ounces of gold annually for 12 years, with a life-of-mine of 17 years. It will create over 1,000 jobs and contribute more than US$1.15 billion to the South African economy. The commencement of operations at Qala Shallows transitions West Wits from a developer to a producer, reinforcing its commitment to South Africa and setting the foundation for future growth through the broader Witwatersrand Basin Project.
West Wits Mining Limited announced the issuance of 166,933,764 unlisted warrants with an exercise price of US$0.0288, set to expire on November 24, 2029. This issuance is part of a previously announced transaction and reflects the company’s strategic efforts to enhance its financial flexibility and support its growth initiatives in the mining sector.
West Wits Mining Limited announced that all resolutions at its 2025 Annual General Meeting were passed, including the significant Resolution 1, which received over 75% approval. This outcome reflects strong shareholder support and is expected to positively impact the company’s governance and strategic direction.
West Wits Mining Limited has had a transformative year, securing substantial funding and advancing its Qala Shallows Gold Project towards production. The company strengthened its financial position with a ZAR 875 million loan from South African banks and a US$12.5 million facility from Nebari, alongside successful equity raises. These efforts have enabled West Wits to increase its project ownership and simplify its structure. The updated Definitive Feasibility Study highlighted the project’s potential, with significant upside due to current gold prices. Bloomberg recognized Qala Shallows as South Africa’s first new underground gold mine in 15 years, emphasizing its strategic importance. The company aims to maintain its development schedule, targeting its first gold pour in March 2026 and a steady-state production rate by 2028.
West Wits Mining Limited has made significant progress at its Qala Shallows Gold Project, securing US$12.5 million in funding from Nebari Natural Resources Credit Fund II LP. This funding is part of a larger US$35 million facility and will support the company’s efforts to advance underground development and infrastructure. The company has successfully delivered its first underground ore to the surface and is on track for its first gold pour in March 2026. With the commissioning of new equipment and an expanding workforce, West Wits is poised to achieve a steady-state production of 70,000 ounces annually, marking a crucial step in its strategic plan to establish a high-margin gold operation in the Witwatersrand Basin.
West Wits Mining Limited has announced a proposed issue of securities, specifically warrants with an exercise price of US$0.0288, set to expire four years from the issue date. The issuance, scheduled for November 19, 2025, involves a total of 166,933,764 securities, which could potentially impact the company’s capital structure and market positioning by providing additional funding for its operations and projects.
West Wits Mining Limited has announced the successful drawdown of the first tranche of US$12.5 million from Nebari Natural Resources Credit Fund II LP, marking a significant milestone for the company. This funding will advance the development of the Qala Shallows Gold Project, with the first gold pour targeted for March 2026, reinforcing West Wits’ transition from developer to producer and strengthening its position in the mining industry.
West Wits Mining Limited announced its participation in the Noosa Mining Conference, where Chairman Michael Quinert will present the company’s recent progress and opportunities, particularly at the Qala Shallows project. The presentation will highlight key milestones that drive value for the company, potentially impacting its operations and positioning in the mining industry.
West Wits Mining Limited has announced the issuance of 100,386,000 unquoted equity securities, which are options expiring on various dates at various prices. This move is part of the company’s strategy to manage its equity structure and potentially raise capital, impacting its financial operations and offering potential implications for its stakeholders.
West Wits Mining Limited has issued 100,386,000 unlisted options to Absa Bank Limited to settle fees under a senior syndicated loan facility, highlighting Absa’s strategic endorsement of the Qala Shallows project. This move aligns the interests of both entities and supports West Wits’ growth as a mid-tier gold producer, while preserving cash resources during a critical funding stage.
West Wits Mining Limited recently held a quarterly investor webinar where they discussed key operational updates, including progress on the Witwatersrand Basin Project and the ramp-up of mining operations at Qala Shallows. The company is advancing its uranium strategy and aims to expand gold production significantly through its Project 200 initiative. Updates on project financing and a gold put option program were also provided, highlighting strategies to manage financial risks while maintaining growth potential. The company remains committed to transparent communication with stakeholders as projects progress.
West Wits Mining Limited has achieved significant milestones in the third quarter of 2025, marking its transition to an operating gold company with the completion of the Qala Shallows mobilisation program. The updated Definitive Feasibility Study (DFS) for the Qala Shallows Project indicates robust financial metrics, with a projected revenue of US$2.7 billion and a post-tax NPV of US$500 million. The company has secured full funding for its first gold production through a combination of equity placement and a loan facility. Operationally, West Wits has commenced ore transfers to the Ezulwini Plant and is on track for its first gold pour in early 2026. The company has also strengthened its corporate structure with key appointments and increased its project ownership to 74%, enhancing its future cash flow potential.
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.