West Wits Mining Limited (ASX : WWI)

Originally formed as a JV between DRD Gold Limited and Mintails Limited, West Wits is an emerging gold producer with a diverse asset portfolio including uranium mineralisation on the West Rand within the Witwatersrand Basin, west of Johannesburg, South Africa. The West Rand is known for its world class gold mines. The Company’s tenure has a combined 20kms of Witwatersrand Reef located within the north western part of the basin. Historically, the Project Area has collectively produced 61.4m ozs of gold and 37m lbs of uranium over the past 120 years.

The Company is initially focused on creating cashflow from near surface gold resources conducive to shallow opencut mining. Currently West Wits has a 59,000 ounce JORC Reserve and a 352,000 ounce JORC gold resource established from four near surface targets. The Emerald Project is planned to go into production within 4 to 6 months. As the Company develops these near surface resources, its exploration program will systematically progress to more substantial underground targets. West Wits has produced a conceptual exploration target for the Company’s lease portfolio of; 3.95-5.20m ozs of gold, and 17-22m lbs of uranium.