Investor Presentaiton

WITWATERSRAND BASIN PROJECT (WBP) Qala Shallows Ore Reserve WEST WITS MINING Reef Type QALA SHALLOWS ORE RESERVE³ The updated DFS released to market (July 2023) Reserve base increased by 21% (61,400 oz) Grand total of 4.03 million tonnes at 2.71 g/t for 351,400 oz gold ORE RESERVE STATEMENT FOR QALA SHALLOWS AT 30 JUNE 2023 (JORC 2012)³ Ore Reserve Category Tonnage Grade (Mt) (g/t) Content (kg) Content (oz) This reserve as a standalone asset is economically viable Proved 0.48 3.20 1 550 49 825 FORWARD LOOKING WORKPLAN ☐ Funding to be used in the mobilisation of key resources to initiate mining operations Will enable a robust 30,000 tonne ore stockpile to facilitate delivery of 15,000 tonnes per month to Sibanye-Stillwater's plant which ramps up to steady state of over 60,000 tonnes per month Targeting achievement of the stockpile & delivery within 5 months, from start of production Gradual mine build-up towards a steady-state production of 5,700 ounces of gold per month K9A Probable 0.50 2.41 1 209 38 871 Total K9A 0.99 2.80 2759 88 695 Proved 0.48 2.71 1297 41 711 K9B Probable 2.56 2.68 6 874 221 017 Total K9B 3.04 2.69 8 172 262 728 Proved 0.96 2.96 2 847 91 536 3.07 Grand Totals Probable 2.64 8 083 259 887 ASX:WWI Grand Total 4.03 2.71 10 930 351 424 PAGE | 22

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