Investor Presentaiton
QALA SHALLOWS
Fast-tracked Monetisation
WEST WITS
MINING
US$1.7B REVENUE OPPORTUNITY3
Estimated peak funding of US$54m (ZAR 943M) over a three-year period
All-in-Sustaining Cost (AISC) of Life-of-Mine (LOM): US$977/oz
Higher OPEX and CAPEX resulting from increased production have been
offset by revenue from increased production during the 3-year funding
period and favourable movements in the Gold Price and South African
Rand
FUNDING FORMAL INTEREST FOR US$26 MILLION DEBT FUNDING RECEIVED
South African wealth fund, Industrial Development Corporation (IDC),
expressed formal interest in providing loan funds of ZAR300 million
(~US$15.9 million)
Largest shareholder Wingfield Partners LLC (Wingfield), expressed formal
interest and indicative terms to provide debt facility of US$10 million
(~A$15.7 million), re-affirming strong support and confidence
Qala Shallows Financial Evaluation 3
Total Revenue (USD)
Total Free Cashflow (USD)
Peak Funding (USD)
LOM C1 Cost (USD/oz)
LOM All-In Sustaining Cost (USD/oz)
Steady-State All in Sustaining Cost (USD/oz)
Payback (years)
Pre-Tax Net Present Value 7.5 (USD)
Post-Tax Net Present Value 7.5 (USD)
Pre-Tax Internal Rate of Return (%)
Post-Tax Internal Rate of Return (%)
JUL-23
$ 1709 million
$ 522 million
$ 54 million
$ 818 / oz
$977/oz
$ 871 /oz
4.1 years
$367m
$ 255m
61%
53%
ASX:WWI
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