WEST WITS MINING LIMITED — Director's Dealing 2020

Apr 20, 2020

Appendix 3X Initial Director’s Interest Notice

Rule 3.19A.1

Appendix 3X

Initial Director’s Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public.

Introduced 30/9/2001.

Name of entity:	West Wits Mining (ASX:WWI)
ABN:	89 124 894 060

We (the entity) give ASX the following information under listing rule 3.19A.1 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director Date of appointment	Jacobus Schalk van Heerden
	16/04/2020

Part 1 - Director’s relevant interests in securities of which the director is the registered holder

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director” should be disclosed in this part.

Number & class of securities

Ordinary Shares – 5,714,285

Performance Rights – 7,000,000 (refer to Annexure A)

Interest in the shares of the South African subsidiary of WWI – refer to Annexure A

• See chapter 19 for defined terms.

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Appendix 3X Initial Director’s Interest Notice

Part 2 – Director’s relevant interests in securities of which the director is not the registered holder

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Name of holder & nature of interest Note: Provide details of the circumstances giving rise to the relevant interest. N/A	Number & class of Securities N/A

Part 3 – Director’s interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of “notifiable interest of a director” should be disclosed in this part.

Detail of contract	N/A
Nature of interest	N/A
Name of registered holder (if issued securities)	N/A
No. and class of securities to which interest relates	N/A

• See chapter 19 for defined terms.

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Appendix 3X Initial Director’s Interest Notice

ANNEXURE A

WEST WITS MINING LIMITED

APPENDIX 3X – JACOBUS VAN HEERDEN

PERFORMANCE RIGHTS ISSUED 18 DECEMBER 2019

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Performance Hurdle and Relevant Date Jac van Heerden
30-day VWAP of $0.015 at 31/12/2020 1,200,000
30-day VWAP of $0.028 at 31/12/2021 1,000,000
30-day VWAP of $0.042 at 31/12/2022 800,000
Expanding the JORC Resource by 600,000oz at a grade of at least 3g/t by 500,000
Delineating a total of 650,000 ounces of gold reserves (in accordance with JORC
20121) at a grade of at least 3g/t Au by 31/12/2021 500,000
Achieving annualised production of 5,500oz of gold per annum over a
800,000
consecutive period of 3-months in the 12-month period to 30/06/2021
Achieving annualised production of 25,000oz of gold per annum over a
1,000,000
consecutive period of 3-months in 2022 calendar year
Achieving annualised production of 45,000oz of gold per annum over a
1,200,000
consecutive period of 3-months in 2023 calendar year
1 Australian Code for Reporting Results, Mineral Resources and Ore Reserves, 2012 Edition 7,000,000
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INTEREST IN RELATED BODY CORPORATE – 1[st] JANUARY 2020

1% direct interest in subsidiary company, West Wits MLI (Pty) Ltd

• See chapter 19 for defined terms.

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