West Wits Mining Limited (ASX:WWI)
West Wits Mining Limited (ASX:WWI) was formed to explore, evaluate and extract gold and uranium from project areas located on the Central Rand Goldfield of South Africas prolific Witwatersrand Basin.
Historically this Project Area, known as the Witwatersrand Basin Project (WBP), collectively produced 31 million ounces of gold over 120 years.
Currently West Wits has a 3.55Moz Au JORC Mineral Resource Estimate at the WBP down to a depth of 1,500m. The Company's development strategy aims to produce 60,000oz Au per annum over 20-year plus life of mine with first production by early 2022. West Wits is nearing completion of the DFS on the WBPs Qala Shallows area, the first stage of development identified in the 2020 scoping study over the entire tenement area which identified five distinct mine targets for staged development.
Additionally, the Company is targeting gold, copper and manganese at its 100% owned Mt Cecelia Project located within the highly prospective East Pilbara and Paterson Province region of Western Australia. The Mt Cecelia Project sits adjacent to multiple Rio Tinto (ASX:RIO) tenements in the Paterson Province and is 70km west of RIO's WINU Project.