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West Wits Mining Limited (ASX:WWI)

ALERT: Price-sensitive ASX Announcement for WWI
Current share price for WWI : $0.505 0.432 (591.78%)+
Announcement
Release
18 Mar 2026 8:59AM
Price at Release
$0.073
Full Release
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Summary
West Wits Mining Limited has successfully achieved its first gold production from the Qala Shallows Gold Project in South Africa, marking a significant milestone in the company's transition to a gold producer. The inaugural gold pour took place at the Ezulwini Processing Plant on March 17, 2026, on schedule with the company's Q1 2026 target. This achievement is part of Stage 1 of the Witwatersrand Basin Project, which has an estimated 7.24 million ounces of gold resources. The company plans to ramp up underground development and production, aiming for steady-state operations by 2028, and this represents the first new underground gold mine development in South Africa in over 15 years.
Key Points
  • West Wits Mining Limited achieved first gold production from Qala Shallows.
  • The inaugural gold pour was completed at the Ezulwini Processing Plant on March 17, 2026.
  • Production was delivered on schedule, achieving the Q1 2026 milestone.
  • Qala Shallows represents Stage 1 of the broader Witwatersrand Basin Project.
  • The project is expected to scale up operations to steady-state by 2028.
  • Qala Shallows is the first new operational underground gold mine in South Africa in over 15 years.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.