Investor Presentaiton
WITWATERSRAND BASIN PROJECT (WBP)
Qala Shallows Ore Reserve
WEST WITS
MINING
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 2.71g/t for 351,400 oz gold
This reserve as a standalone asset is economically viable
ORE RESERVE STATEMENT FOR QALA SHALLOWS AT 30 JUNE 2023 (JORC 2012)³
Reef Type
Ore Reserve
Category
Tonnage
Grade
(Mt)
(g/t)
Content
(kg)
Content
(oz)
Proved
0.48
3.20
1550
49 825
K9A
Probable
0.50
2.41
1 209
38 871
FORWARD LOOKING WORKPLAN
Funding to be used in the mobilisation of key resources to initiate
mining operations
Total K9A
0.99
2.80
2759
88 695
Proved
0.48
2.71
1 297
41 711
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
K9B
Probable
2.56
2.68
6 874
221 017
Total K9B
3.04
2.69
8 172
262 728
Gradual mine build-up towards a steady-state production of
5,700 ounces of gold per month
Proved
0.96
2.96
2 847
91536
3.07
Grand Totals
Probable
2.64
8 083
259 887
Grand Total
4.03
2.71
10 930
351 424
ASX:WWI
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