Since being granted the Mining Right (“MR”) in July 2021, West Wits Limited (“West Wits” or “the Company”) has not wasted any time in commencing operations on the Qala Shallows underground development of the overall Witwatersrand Basin Project (“WBP”), in the highly productive Central Rand of the Witwatersrand Goldfields (“Wits”, or “Rand”).
The WBP MR covers parts of the historically mined Rand and Durban Roodeport Deep (“DRD”) leases, which between them produced some 41 Moz of gold from the late 1800s until 2001, and for which the Company now has a Mineral Resource Estimate (“MRE”) of 4.28 Moz at 4.58 g/t Au.
Independent Investment Research – West Wits Limited (ASX: WWI, OTCQB: WMWWF)
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