WEST WITS MINING LIMITED — AGM Information 2009

Nov 18, 2009

Main heading

West Wits Mining Limited Annual General Meeting 2009

Explore, Evaluate, Extract

This presentation may contain certain forward-looking statements that have been based on current expectations about future acts, events and circumstances. These forward-looking statements are, however, subject to risks, uncertainties and assumptions that could cause those acts, events and circumstances to differ materially from the expectations described in such forward-looking statements. These factors include, among other things, commercial and other risks associated with estimation of uranium and gold resources, the meeting of objectives and other investment considerations, as well as other matters not yet known to the Company or not currently considered material by the Company.

West Wits accepts no responsibility to update any person regarding any error or omission or change in the information in this presentation or any other information made available to a person or any obligation to furnish the person with further information

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• Discovery, delineation and confirmation of the Emerald Project and Emerald Extensions

• 59,000 ounces Au within JORC Proven and Probable Reserves

• 352,900 ounces Au within JORC Measured, Indicated & Inferred Resources

• Cashflow from Emerald Project will fund future surface exploration activities

• Delineation of the Radiant, Princess (now part of the Emerald Project) & Marquise Resources

• Confirmation of uranium mineralisation at Raptor Target

• Establishment of new Targets to be tested in 2010

• Strike extension at the Emerald Project

• Elder Target

• King and Commander Targets

• Raptor and Harrier Targets

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Ca ital Structure p Ordinary Shares 160,220,340 Market Cap @ $0.12 ~A$19m Cash ~ A$6m Initial Princess & Marquise Debt A$0 Resource Announcement Enterprise Value ~ A$13m Initial Emerald Resource Options 16,216,664 Announcement Emerald Maiden Emerald Reserve Shareholding (Top 5) % Measured Resource Announcement Initial Radiant Announcement DRD Gold Limited 23.9 Resource Announcement Mintails Limited 21.1 Geotorm Investments Limited 4.7 AMN Nominees Pty Ltd 4.4 Queensland Marketing Mmgt 4.4 Top 20 74.8

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• Michael Quinert (Chairman)

20 years as a commercial lawyer and 15 years as a partner in a Melbourne law firm. Extensive experience in advising public companies on capital raisings and market compliance issues.

• Grant Ferguson (Managing Director)

A geologist with international mining experience who has held Chief Geologist and Senior Underground Geologist positions for companies including BHP (Ok Tedi), Delta Gold (Zimbabwe) and Great Central Mines.

• Dick van der Walt (Non Executive Director) CEO of Mintails Limited

• Niel Pretorius (Non Executive Director)

CEO of DRD Gold Limited

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• Organic Growth

• Board decision made in Oct 2008 to halt all exploration and focus on most prospective target with intention of getting into production as quickly as possible

• The Emerald Project was determined to be the most prospective target for near term production

• Production will provide West Wits the ability of being self funding for future surface exploration budgets

• West Wits anticipates production beginning at Emerald within the next 4 to 6 months

• 2010 focus will be on Reserve/Resource growth

Open Cut Prospects Underground Prospects

• Emerald Project Extensions

• Radiant Underground Resource

• Elder Target

• King & Commander Target

• Emperor Target

• Raptor & Harrier Target (Uranium)

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• 15 targets identified

• 8 targets received initial exploration programs

• 4 targets were upgraded to various JORC Resource categories

• Emerald Resource upgraded to Reserve

• 59,000 ounces Au at 1.7g/t in JORC Reserve from Emerald (Appendix 1)

• 352,970 ounces Au at 1.79g/t in JORC Resources from Emerald, Radiant and Marquise (Appendix 1)

• Conceptual target –

• 3.95 to 5.20m ozs Au

• 17-22m lbs uranium

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Emerald Eastern Pit
(West Lancaster)
Emerald Western
Pit
Historical Monarch
Pit
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Monarch Pit View looking north

Kimberley Reef conglomerate in the floor of Monarch Pit

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EMPEROR TARGET
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Near Surface Targets

Emerald Project Extensions – West Rand Cons Lease

• Test 1km strike between current Emerald Reserve and historical Monarch Pit

• Test Monarch Pit to establish whether economic mineralisation exists

• If economic mineralisation exists, could be used as initial feedstock for plant

Elder Target – West Rand Cons Lease

• Emerald Resource lookalike

• Focused on near surface mineralisation of Main, Main Reef Leader and South Reefs

Emperor & Chief Targets – Luipaardsvlei & East Champ d’Or Leases

• Continuation of Elder Target

• Focused on near surface mineralisation of Main, Main Reef Leader and South Reefs

Underground Targets

King & Commander Targets – DRD & Rand Leases

• Focused on the Main, Main Reef Leader and South Reefs

• WWI believes mineralisation still exists between the old reefs

• Central Rand Gold Plc undertaking this production strategy on the lease adjacent to the WWI Rand Lease

Raptor & Harrier Targets – DRD & Rand Leases

• Targeting uranium mineralisation

• 10km strike, 3.3kms tested, consistent uranium mineralisation confirmed across tested zone

• Assay results in line with historically mined grades

Radiant Resource –Rand Lease

• JORC Indicated and Inferred gold resource – 271,000 ozs @ 1.7g/t, 1.3km strike, to 300m depth

• Near surface resource assessed for potential open cut operation

• Deeper resource assessed as

underground operation

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|||||||||
|---|---|---|---|---|---|---|---|
|Exploration & Resource Development Schedule|
|Main heading|
|Initial|Resource|Detailed|Resource|Ore|Scoping|Submission to|Project|
|Exploration|Estimation|Exploration|Estimation|Reserve|Studies|DME|Execution|
|Emerald|
|Progression|
|Resource|Q1 to Q2 2010|
|subject to|
|Resource|
|Estimation|
|results|All projects subject to|
|positive Feasibility|
|Emerald|Studies and|
|Resource|Q1 2010|Department of Mineral|
|Extensions|Resources approval|
|Elder|
|Q1 2010|
|Target|
|King &|
|Commander|Q1 2010|
|Targets|
|Raptor &|
|Harrier|Q3 2010|
|Targets|
|Radiant|
|Resource|2H 2010|
|O/C|
|Radiant|
|Resource|2H 2010|
|U/G|Note: All dates expressed in Calendar year|

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Simple Strategy

• Get Emerald Project into production to provide funding for extensive pipeline of targets

• Continue to delineate “convertible ounces”

• Continue to expand and develop project pipeline

Excellent Potential

• 20km of strike across the Witwatersrand (worlds largest historical producing gold field)

• Leases have historically produced 61m ozs gold and 37m lbs uranium

• Conceptual Target of 3.95 – 5.20m ozs of gold & 17 - 22m lbs of uranium

• Continuing identification of new targets

• Drilling continues to confirm potential for gold and uranium resources

• Company on the verge of going from explorer to producer within 2 years

• Close to existing infrastructure, 20kms from Johannesburg CBD

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		Reserve	Resource
	Location	Classification Ore (t) Grade (g/t) Gold (0z)	Location Classification Au Cut‐Off (g/t) Ore (t) Grade (g/t) Gold (0z)
	Emerald Project West Lancaster (Eastern Section)	Proved 397,000 1.9 24,000 Probable 43,000 1.4 2,000	Emerald Measured 1 856,000 1.55 42,500 Indicated 1 63,000 1.77 3,400 Inferred 1 1,000 2.04 70 Subtotal 920,000 1.56 46,000
		Subtotal 44,000 1.8 26,000
	Emerald (Western Section)	Proved 581,000 1.6 30,000 Probable 62,000 1.4 3,000
			Emerald Measured 1 ‐ ‐ ‐ (East) Indicated 1 45,000 1.50 2,000 Inferred 1 400,000 1.40 18,000 Subtotal 445,000 1.40 20,000*
		Subtotal 643,000 1.6 33,000
	Emerald Project	Proved 978,000 1.7 54,000 Probable 105,000 1.4 5,000
			Radiant Measured 1 ‐ ‐ ‐ Indicated 1 671,000 1.79 39,000 Inferred 1 4,250,000 1.70 232,000 Subtotal 4,921,000 1.71 271,000
		Total 1,083,000 1.7 59,000
			Marquise Measured 1 ‐ ‐ ‐ Indicated 1 ‐ ‐ ‐ Inferred 1 296,000 1.72 16,000 Subtotal 296,000 1.72 16,000
			Total Measured 1 856,000 1.54 42,500 Indicated 1 734,000 1.88 44,400 Inferred 1 4,547,000 1.82 266,070
			Total 6,137,000 1.79 352,970
			* Formally reported as the Princess Target

The Ore Reserve Estimate summarises the content of the mine designs above a 0.8g/t cut-off. The figures presented have been rounded and include mining dilution and ore loss. The Ore Reserve Estimate has been derived as part of pre-feasibility study

The information in this report that relates to Ore Reserves is based on information compiled by Mr Pier Federici of AMC Consultants Pty Ltd who is a Member of the Australasian Institute of Mining and Metallurgy. Mr Pier Federici has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resource and Ore Reserves’. Mr Pier Federici consents to the inclusion in this report of the matters based on his information in the form and context in which it appears.

The information in this report that relates to Emerald and West Lancaster Mineral Resources is based on information compiled by Mr. Gerry Fahey of CSA Global Pty Ltd who is a Member of the Australasian Institute of Mining and Metallurgy and a Member of the Australian Institute of Geoscientists. Mr. Fahey has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resource and Ore Reserves . Mr Fahey consents to the inclusion in this report of the matters based on his information in the form and context in which it appears.

The information in this report that relates to Emerald East, Radiant and Marquise Mineral Resources is based on information compiled by Mr. Freddie de Bruin of MSA Geoservices Ltd who is a Member of the South African Council for Natural Scientific Professions, which is a recognised by JORC a ROPO (recognised overseas professional organisation). Mr.de Bruin has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resource and Ore Reserves. Mr de Bruin consents to the inclusion in this report of the matters based on his information in the form and context in which it appears.

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