Investor Presentaiton
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WITWATERSRAND BASIN PROJECT (WBP)
Strong Investment Opportunity
HIGH TECHNICAL STANDARD
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Well understood geology, mineralisation & metallurgy
Historic mine works with existing shafts & well understood rock engineering
Successful "Proof of Mining Method" extraction and stockpiled in 2022
Close to metropolitan area with access to utilities, services, highways, skilled personnel
Low geological risk & advanced understanding of project economics
OPERATIONAL READINESS FOR RAPID PRODUCTION
Qala Shallows: robust DFS released to ASX July 2023
Surface and underground infrastructure developed with quick accessibility
& rapid production
Small footprint: minimal rehabilitation liability
Production rate-based contract enhancing productivity & efficiency
Cost-effective toll treatment agreement with nearby processing plant
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New fleet of underground mining equipment
STRONG ESG CREDENTIALS
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Black Economic Empowerment (BEE) ownership of 33.4% - higher than mandated 26%
Local Economic Development Programme & Social Labour Plan
Procurement from local Sowetan community
Water Use License granted & efficient water use model
Government approval of 7.5MVA power grid supply
Approved & fully compliant operational permits
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