Explorer’s Podcast: West Wits has gold in the crosshairs at iconic WBP project
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Stockhead’s ‘Garimpeiro’ columnist Barry FitzGerald is back in the studio for another instalment of The Explorers Podcast.
In this episode, Barry chats to Michael Quinert, chairman at West Wits Mining (ASX:WWI).
West Wits is pursuing gold opportunities in South Africa’s Witwatersrand Basin, where development on its eponymous 4.28Moz gold camp continues apace.
Most recently, the ASX-lister attracted a $15.7m investment from a cornerstone US backer — capital that will help the company fine-tune its 924,000oz Qala Shallows gold hub.
The news comes soon after WWI released a DFS update, highlighting a 105% jump in free cashflow and forecasting an increase in gold production from 43,000ozpa to 51,000ozpa over 17.7 years, with steady-state production holding strong at 70,000ozpa for 9 years.
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