West Wits’ new board changes are expected to pave the way for its next phase of development. Pic via Getty Images.
West Wits strengthens gold expertise with new management
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With the results of an updated Definitive Feasibility Study on the Witwatersrand project due shortly, West Wits’ new leadership changes are expected to pave the way for its next phase of development.
West Wits Mining (ASX:WW1) has made changes to its management and board of directors as the company embarks on a new stage of growth at the Witwatersrand Basin Project (WBP) in South Africa, where an updated DFS will include new information gained from underground survey works.
Given that the WBP already boosts a resource of 4.28Moz grading 4.58 grams per tonne (g/t) gold with attractive economics, a material improvement is likely to be a real sight to behold.
Board restructure
WWI says Jac van Heerden will transition from managing director to non-executive director, effective 31 July 2023 as he takes up a new position as general manager of a new copper-zinc-gold project in East Africa.
The appointment represents a significant career opportunity for van Heerden and validates the high regard in which he is held by the industry, the company adds.
Following his move, Rudi Deysel will assume the role of chief operating officer and country manager (RSA).
Deysel has worked closely with van Heerden over the last two and a half years to deliver the project to execution status and has been responsible for establishing all required site infrastructure in preparation for mining.
WWI believes Deysel’s experience will help the company complete the delivery of the Qala Shallows works once finalisation of funding has been received.
New executive manager commercial
As well as the above changes, WWI has appointed Keith Middleton as executive manager commercial.
Middleton is an experienced executive of ASX listed companies specialising in the Australian and International resources sector, and is the former managing director of American Rare Earths (ASX:ARR) where he had direct accountability for mining operations and exploration activities coupled with strategy formulation, project evaluation and investor relations.
West Wits expects to release the review and update of the DFS as well as advise progress on its project funding initiative imminently.
This article was developed in collaboration with West Wits, a Stockhead advertiser at the time of publishing.
This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.
