WEST WITS MINING LIMITED — Director's Dealing 2020

Jan 12, 2020

ASX Announcement (ASX: WWI)

Monday, 13[th] January 2020

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Appendices 3Y for issues options to Andrew Tunks & Hulme Scholes and shares and performance rights to Michael Quinert

A review of the Company’s announcements has identified that Appendices 3Y in respect of the issue of options, shares and performance rights approved for issue to three directors at the Company’s 2019 Annual General Meeting were not released within the applicable time period. The appendices accompany this announcement.

The appendices were to have been released with the Appendix 3B released on 18 December 2019, but were not released due to an oversight by the Joint Company Secretary. The appendices are being released immediately upon the Company becoming aware of the oversight. The non-release of the appendices within the applicable time period was not due to any oversight on the part of the Directors who were issued the options, shares and performance rights, and did not involve any on-market transactions by the Directors.

The issues were disclosed in other announcements by the Company including the Notice of Annual General Meeting released on 28 October 2019 (the results of which were released on 29 November 2019), and the Company’s prospectus and Appendix 3B released on 18 December 2019.

The issues did not occur during a closed period. The Company considers the late lodgement of the appendices to be an isolated incident.

The Company, Directors and Company Secretaries are aware of the requirements under ASX Listing Rules 3.19A and 3.19B. The oversight has not affected the Company’s current arrangements for ensuring timely notification by Directors of transactions to the Company in accordance with the Listing Rules, and the Company is confident that the arrangements it currently has in place are adequate and do not believe any additional steps are required to ensure ongoing compliance by the Directors in accordance with Listing Rule 3.19B.

The Company has introduced a requirement that the Company Secretary send confirmation of each anticipated release having been made to each Director on the day of release, and to report if any anticipated announcement has not been released.

Authorised for release by Simon Whyte, Joint Company Secretary.

West Wits Mining Ltd Level 6, 400 Collins St Melbourne VIC 3000 ABN 89 124 894 060

1

Appendix 3Y Change of Director’s Interest Notice

Rule 3.19A.2

Appendix 3Y

Change of 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) ACN: 124 894 060

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director:	Michael Quinert
Date of Last Notice:	4thNovember 2019

Part 1 - Change of director’s relevant interests in securities

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.

Direct or indirect interest	Indirect	Indirect	Indirect	Indirect	Indirect
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	Director Related Entity
Date of change	18thDecember 2019
No. of securities held prior to change						Performance Rights - - -
			Shares		Options	Performance Rights
		Direct	120		-	-
		Indirect	26,049,812		12,000,000	-
		**Total **	**26,049,932 **		12,000,000	-
Class		(a) Ordinary Shares (b) Performance Rights (refer to Annexure A)
Number acquired		Shares Options Performance Rights Direct - - Indirect 5,428,571 - 10,500,000 Total 5,428,571 - 10,500,000
			Shares	Options		Performance Rights
		Direct	-	-
		Indirect	5,428,571	-		10,500,000
		Total	5,428,571	-		10,500,000

• See chapter 19 for defined terms.

Appendix 3Y Page 1

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Appendix 3Y Change of Director’s Interest Notice

Number disposed		Shares Options Performance Rights Direct - - - Indirect - - - Total - - -	Shares Options Performance Rights Direct - - - Indirect - - - Total - - -	Shares Options Performance Rights Direct - - - Indirect - - - Total - - -	Shares Options Performance Rights Direct - - - Indirect - - - Total - - -	Shares Options Performance Rights Direct - - - Indirect - - - Total - - -	Shares Options Performance Rights Direct - - - Indirect - - - Total - - -
				Shares	Options	Performance Rights
		Direct		-	-	-
		Indirect		-	-	-
		**Total **		-	-	-
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation		(a) Deemed issue price of $0.007 (0.7 cents) per share, or $38,000, issued in lieu of cash in connection with services provided to the Company (b) Nil, refer to notice of annual general meeting lodged on 28 October 2019
No. of securities held after change							Performance Rights - 10,500,000 10,500,000
			Shares		Options		Performance Rights
		Direct	120		-		-
		Indirect	31,478,383		12,000,000		10,500,000
		**Total **	31,478,503		12,000,000		10,500,000
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back		Issue of ordinary shares and performance rights as approved by shareholders at the 29th November 2019 general meeting

Part 2 – Change of 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 Nature of interest Name of registered holder (if issued securities) Date of change No. and class of securities to which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed Interest acquired Interest disposed Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation Interest after change

Part 3 - +Closed Period

Part 3 - +Closed Period
Were the interests in the securities or contracts detailed above traded during a +closed period where prior written clearance was required?	No
If so, was prior written clearance provided to allow the trade to proceed during this period?	No
Ifprior written clearance wasprovided on what date was thisprovided?	N/A

• See chapter 19 for defined terms.

Appendix 3Y Page 2

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Appendix 3Y Change of Director’s Interest Notice

ANNEXURE A

WEST WITS MINING LIMITED

APPENDIX 3Y – MICHAEL QUINERT

PERFORMANCE RIGHTS ISSUED 18 DECEMBER 2019

Performance Hurdle and Relevant Date	Michael Quinert
30-day VWAP of $0.015 at 31/12/2020	2,100,000
30-day VWAP of $0.028 at 31/12/2021	1,800,000
30-day VWAP of $0.042 at 31/12/2022	1,500,000
Expanding the JORC Resource by 600,000oz at a grade of at least 3g/t by 30/06/2021	750,000
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	750,000
Achieving annualised production of 5,500oz of gold per annum over a consecutive period of 3-months in the 12-months to 30/06/2021	900,000
Achieving annualised production of 25,000oz of gold per annum over a consecutive period of 3-months in 2022 calendar year	1,200,000
Achieving annualised production of 45,000oz of gold per annum over a consecutive period of 3-months in 2023 calendar year	1,500,000
TOTAL	10,500,000

1 Australian Code for Reporting Results, Mineral Resources and Ore Reserves, 2012 Edition

• See chapter 19 for defined terms. Appendix 3Y Page 3

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Appendix 3Y Change of Director’s Interest Notice

Rule 3.19A.2

Appendix 3Y

Change of 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) ACN: 124 894 060

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director:	Andrew Tunks
Date of Last Notice:	17thDecember 2018

Part 1 - Change of director’s relevant interests in securities

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.

Direct or indirect interest	Direct	Direct	Direct
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	N/A
Date of change	18thDecember 2019
No. of securities held prior to change				Options 12,000,000 - 12,000,000
			Shares	Options
		Direct	2,283,449	12,000,000
		Indirect	-	-
		**Total **	2,283,449	12,000,000
Class		Unlisted options
Number acquired				Options 2,500,000 - 2,500,000
			Shares	Options
		Direct	-	2,500,000
		Indirect	-	-
		**Total **	-	2,500,000

• See chapter 19 for defined terms.

Appendix 3Y Page 1

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Appendix 3Y Change of Director’s Interest Notice

Number disposed			Shares Options - - - - - -	Shares Options - - - - - -
			Shares	Options
		Direct	-	-
		Indirect	-	-
		Total	-	-
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation		Nil, refer to notice of annual general meeting lodged on 28 October 2019
No. of securities held after change				Options 14,500,000 - 14,500,000
			Shares	Options
		Direct	2,283,449	14,500,000
		Indirect	-	-
		**Total **	2,283,449	14,500,000
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back		Issue of options for remuneration as approved by shareholders at the 29thNovember 2019 general meeting

Part 2 – Change of 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 Nature of interest Name of registered holder (if issued securities) Date of change No. and class of securities to which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed Interest acquired Interest disposed Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation Interest after change

Part 3 - +Closed Period

Part 3 - +Closed Period
Were the interests in the securities or contracts detailed above traded during a +closed period where prior written clearance was required?	No
If so, was prior written clearance provided to allow the trade to proceed during this period?	No
Ifprior written clearance wasprovided on what date was thisprovided?	N/A

• See chapter 19 for defined terms.

Appendix 3Y Page 2

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Appendix 3Y Change of Director’s Interest Notice

Rule 3.19A.2

Appendix 3Y

Change of 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) ACN: 124 894 060

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director:	John Hulme Scholes
Date of Last Notice:	01 February 2018

Part 1 - Change of director’s relevant interests in securities

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.

Direct or indirect interest	Direct	Direct	Direct
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	N/A
Date of change	18thDecember 2019
No. of securities held prior to change				Options - - -
			Shares	Options
		Direct	1,136,364	-
		Indirect	-	-
		**Total **	**1,136,364 **	-
Class		Unlisted options
Number acquired				Options 2,500,000 - 2,500,000
			Shares	Options
		Direct	-	2,500,000
		Indirect	-	-
		**Total **	-	2,500,000

• See chapter 19 for defined terms.

Appendix 3Y Page 1

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Appendix 3Y Change of Director’s Interest Notice

Number disposed			Shares Options - - - - - -	Shares Options - - - - - -
			Shares	Options
		Direct	-	-
		Indirect	-	-
		Total	-	-
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation		Nil, refer to notice of annual general meeting lodged on 28 October 2019
No. of securities held after change				Options 2,500,000 - 2,500,000
			Shares	Options
		Direct	1,136,364	2,500,000
		Indirect	-	-
		**Total **	**1,136,364 **	2,500,000
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back		Issue of options for remuneration as approved by shareholders at the 29thNovember 2019 general meeting

Part 2 – Change of 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 Nature of interest Name of registered holder (if issued securities) Date of change No. and class of securities to which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed Interest acquired Interest disposed Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation Interest after change

Part 3 - +Closed Period

Part 3 - +Closed Period
Were the interests in the securities or contracts detailed above traded during a +closed period where prior written clearance was required?	No
If so, was prior written clearance provided to allow the trade to proceed during this period?	No
Ifprior written clearance wasprovided on what date was thisprovided?	N/A

• See chapter 19 for defined terms.

Appendix 3Y Page 2

18/12/2019