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West Wits Mining Limited (ASX:WWI)

ALERT: Price-sensitive ASX Announcement for WWI
Current share price for WWI : $0.430 -0.155 (-26.50%)+
Announcement
Release
29 Apr 2026 9:19AM
Price at Release
$0.585
Full Release
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Summary
West Wits Mining Limited reported its quarterly activities and cash flow results for the period ending 31 March 2026. The company achieved its first gold production at the Qala Shallows project, marking its transition to a gold producer. The production ramp-up is progressing, with efforts to secure energy stability by acquiring a significant diesel supply and working towards connecting to grid power by Q4 2026. The company updated its Global JORC Mineral Resource Estimate, increasing it by 2.2Moz to a total of 7.24Moz, enhancing the sustainability of the Witwatersrand Basin Project (WBP). West Wits is advancing its Project 200 Scoping Study, aiming to scale production to 200,000 ounces per annum, and has secured A$33.74 million through institutional placement to support its operational goals.
Key Points
  • First gold production at Qala Shallows achieved in March 2026.
  • Production ramp-up and energy security measures are underway.
  • Updated WBP Global JORC Mineral Resource Estimate to 7.24Moz.
  • Project 200 Scoping Study aims for 200,000 ounces per annum production.
  • Secured A$33.74 million funding through institutional placement.
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.