Investor Presentaiton

QALA SHALLOWS Cost Curve Relative to Peer Gold Group 2022 FY AISC ($/oz) 3.500 3.000 2 500 Juniors and Emerging Majors JSE & ASX Listed Gold Producers & Projects (Africa) - AISC comparison 2011 2000 1892 1645 1685 1724 1771 1729 1490 1513 1513 1500 1 359 1 112 1 059 977 1000 832 847 724 500 2 620 2 475 WEST WITS MINING 2 989 3 025 Yaoure O/C Abujar Gold TGMEU/G Gold Mine O/C Project Gold Mine Project Qala Shallows Gold Project Edikan O/C Evander U/G South Deep Sissingue O/C Gold Mine Gold Mine Moab Khotsong Kusasaletha Baberton Doornkop Mines Cook Masimong Mponeng Tshepong Joel Target 1 Driefontein Beatrix Kloof Has capacity to become one of lowest cost per oz mines in Africa Close to surface operations Mining contractor model with OEM maintaining equipment Truck transport to surface vs. shaft hoisting of rock Mechanised on-reef strike development Consume reduced amount of electricity ASX:WWI PAGE | 20

View entire presentation