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WEST WITS MINING LIMITED - ASX: WWI
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Description
West Wits Mining Limited is an explorer, resource developer and emerging gold producer. The Company was formed to extract gold and uranium mineralisation from its Project leases, located within the Witwatersrand Basin, 20km west of Johannesburg, South Africa.
Highlights
1. Projects located on the West Rand, Johannesburg, South Africa
2. The Emerald Gold Project will be the first project to come on line
* Open pit project down to 50m
* 59,000 oz @ 1.7 g/t JORC Probable and Proven Reserve
* Expected production of 17-20,000 ozs pa for initial 3 year period
* 74,000 oz Monarch Resource delineated 1km along strike to south is expected to supplement current 3 year life of mine
3. Cashflow from the Emerald Gold Project to provide ongoing funding for pipeline of prospective targets
4. West Wits currently has a further 426,800 @ 1.8 g/t in JORC near surface Inferred, Indicated and Measured Gold Resources
5. West Wits' focus will be to grow its Reserve / Resource Base
6. Conceptual Target
* 3.95 - 5.20 million ozs of Gold
* 17.22m lbs of uranium
7. Historical production from leases
* 61.4m ozs of Gold
* 37m lbs of Uranium
Mine For
gold, uranium
Location of operation(s)
South Africa
Address
Suite 1, 1233 High Street
ARMADALE, VIC, AUSTRALIA
Phone
61 3 9824 8166
Website
Last Updated
19/01/2011
The data on Australian Shares.com is intended as a guide only and is provided purely as an indication of what information can be found through official announcements. Data on this website should not be used to make an investment or trading decision. All information should be carefully cross-checked against official sources for accuracy. The publisher (Intaanetto Pty Ltd) will not be held liable for any loss arising from the use of this website.
