West Wits Mining says Qala Shallows has potential to deliver substantial gold returns
Melbourne, Victoria
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July 27, 2023 11:40 AM Eastern Daylight Time
West Wits Mining Ltd (ASX:WWI, OTCQB:WMWWF) chair Michael Quinert speaks with Proactive after unveiling a new and improved definitive feasibility study (DFS) for its Qala Shallows gold asset — a key building block within the company’s flagship Witwatersrand Basin Project near Johannesburg, South Africa.
He says the update sets the scene for a substantially larger gold project. The revitalised study envisages a 38% jump in the asset’s recovered gold rates, setting the bar at 924,000 ounces over the project’s near-18-year mine life.
Quinert said the updated DFS set the scene for the company to deliver a “substantially larger gold project”.
“These figures emphasise the project's value and its potential to deliver substantial returns to our shareholders,” he explained.
“There is good reason to be excited about the future prospects of the Witwatersrand Basin project.”
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