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West Wits Mining Limited (ASX:WWI)

ALERT: Price-sensitive ASX Announcement for WWI
Current share price for WWI : $0.460 -0.09 (-16.36%)+
Announcement
Release
29 Apr 2026 3:38PM
Price at Release
$0.550
Full Release
download
Summary
West Wits Mining Limited has entered into an agreement with Aventine Resources Limited to divest its Mt Cecelia Project in Western Australia. The deal involves selling 100% of Northern Reserves Pty Ltd, which holds Mt Cecelia, for $2 million in Aventine equity and a 1% Net Smelter Returns royalty. Aventine has the option to buy back 50% of the royalty for $2 million. Additionally, West Wits may receive up to $1 million upon achieving a 500,000-ounce JORC-compliant gold resource. This transaction allows West Wits to focus on its Qala Shallows Project, while still maintaining potential future benefits from Mt Cecelia through equity and royalty stakes.
Key Points
  • West Wits Mining Limited agreed to divest the Mt Cecelia Project to Aventine Resources Limited.
  • The transaction involves the sale of 100% of Northern Reserves Pty Ltd, which holds the Mt Cecelia Project.
  • West Wits will receive $2 million in Aventine equity and a 1% Net Smelter Returns royalty.
  • Aventine can buy back 50% of the royalty for $2 million.
  • Deferred consideration includes up to $1 million upon defining a 500,000-ounce JORC-compliant gold resource.
  • The deal allows West Wits to focus on the Qala Shallows Project in the Witwatersrand Basin.
  • West Wits retains exposure to Mt Cecelia’s potential success through equity and royalty structures.
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.