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West Wits Mining Limited (ASX:WWI)

ALERT: Price-sensitive ASX Announcement for WWI
Current share price for WWI : $0.385 -0.008 (-1.91%)+
Announcement
Release
26 Jun 2026 12:57PM
Price at Release
$0.393
Full Release
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Summary
West Wits Mining Limited announced the full repayment of its Nebari loan facility, which was crucial for satisfying the conditions to finalize the ZAR 875 million SA Senior Loan Facility with Absa Bank and Nedbank CIB. This move releases all obligations associated with the Nebari loan, which was originally drawn down in November 2025 and amounted to USD 12.5 million. The repayment is a key milestone, paving the way for the imminent financial close and first drawdown of the new loan, aimed at advancing the Qala Shallows Project to steady-state gold production. The SA Senior Loan will finance the project to produce approximately 70,000 ounces of gold annually, with the project having an estimated mine life of 16.8 years. The initiative is part of West Wits' broader strategy to position itself strongly in the gold mining sector, leveraging its assets in South Africa’s renowned Witwatersrand Basin.
Key Points
  • Nebari Loan Facility repaid in full.
  • Release of all associated obligations and security.
  • ZAR 875 million SA Senior Loan Facility with Absa Bank and Nedbank CIB.
  • SA Senior Loan expected to close and drawdown imminently.
  • Funding to support Qala Shallows' steady-state gold production.
  • Project expected to produce 70,000 ounces of gold annually.
  • West Wits Mining Limited's strategy focuses on gold production in South Africa's Witwatersrand Basin.
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.