Investor Presentaiton

$ Witwatersrand Basin Project - Scoping Study¹ Scoping Study confirms sustainable profitability Staged Mining Approach Qala Shallows (1); Main Reef Package (2); Bird Reef East (3); Qala Deeps (4) PROJECT 200 • Aimed to produce 200 000t per month Investigating infrastructure requirements • Additional Shafts • Water Handling . Maximum Stress Initiative Process Facility Options & Depositions Space • CAPEX & OPEX estimates Significant Life-of-Mine All In Sustaining Cost ("AISC") 27-year LOM and 16.1 MT at 3.11 g/t Estimated USD 1,138/oz up to 800m and the Gold with a AISC of USD 1,198/oz below 800m $ Peak Funding requirement Solid Production ...l Project Financials USD 77million and 5 year pay back period Peak Production up to 90 000 oz per annum and at an average of 65 000 oz per annum Pre-tax NPV7.5 of USD 227 million (AUD 316m) and IRR of 33% at a Gold Price of USD 1,750/oz WEST WITS MINING 9 -2,898,000N 87,000E 87,000E Qala Deeps >800m 90,000E Bird Reef East 90,000E Proposed drive W TOP Main Reef Package Qala Shallows <800m Kimberley Reef Package K9A & K9B ABN 89 124 894 060 | ASX:WWI | westwitsmining.com 93,000E -2,898,000N 93,000E

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