WEST WITS MINING LIMITED — Director's Dealing 2021

Mar 25, 2021

ASX Announcement and Media Release 26 March 2021

ASX Announcement and Media Release

Friday, 26 March 2021

Change of Directors Interest Notice

West Wits Mining (ASX: WWI, “ West Wits ” or “ the Company ”) attaches Appendix 3Y (Change of Director Interest Notices) for two members of the West Wits Board. These Notices relate to on-market purchases by Mr Michael Quinert, Executive Chairman, as well as an on-market sale of shares by Mr Jac van Heerden, Managing Director, to satisfy tax liabilities.

Mr van Heerden has periodically agreed to receive shares in lieu of his normal salary. This was done by Mr van Heerden in order to assist the Company to preserve cash earmarked for project development. However, this receipt of non-cash salary resulted in a significant tax liability accruing to Mr van Heerden which became payable in recent weeks. The sale of shares was made by Mr van Heerden for the purpose of meeting these tax liabilities.

Mr van Heerden continues to hold a significant interest in the Company’s shares and the Witwatersrand Basin Project (“WBP”).

Mr van Heerden continues to demonstrate his full commitment to West Wits, driving the success of the WBP and Mt Cecelia Project, and is confident that the Company is close to being granted the official mining right at the WBP.

Authorised for release by the Company Secretary, Simon Whyte

For Further information please contact:

Ryan Batros Investor Relations ryan@alces.com.au +61 (0) 472 658 777

www.westwitsmining.com

page i

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 30/09/01 Amended 01/01/11

Name of entity	West Wits Mining Limited
ABN	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	12/01/2021

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
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.		Director Related Entity –		Kastin Pty Ltd
Date of change		1) 19/03/2021 2) 22/03/2021
No. of securities held prior to change					Performance Rights - 7,650,000 7,650,000
			Shares	Options	Performance Rights
		Direct	120	-	-
		Indirect	38,103,447	12,000,000	7,650,000
		Total	38,103,567	12,000,000	7,650,000
Class		Ordinary Shares
Number acquired		1) 50,000 2) 50,000
Number disposed		N/A

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation

Value/Consideration
Note: If consideration is non-cash, provide details and estimated valuation		1) $3,750 2) $3,750
No. of securities held after change					Performance Rights - 7,650,000 7,650,000
			Shares	Options	Performance Rights
		Direct	120	-	-
		Indirect	38,203,447	12,000,000	7,650,000
		Total	38,203,567	12,000,000	7,650,000
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy- back		On-market	trade

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	N/A
Nature of interest	N/A
Name of registered holder (if issued securities)	N/A
Date of change	N/A
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	N/A
Interest acquired	N/A
Interest disposed	N/A
Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation	N/A
Interest after change	N/A

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

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

If so, was prior written clearance provided to allow the trade to N/A proceed during this period? If prior written clearance was provided, on what date was this N/A provided?

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 3

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 30/09/01 Amended 01/01/11

Name of entity	West Wits Mining Limited
ABN	89 124 894 060

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	Jacobus van Heerden
Date of last notice	29/01/2021

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
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.		BNP PARIBAS NOMS PTY LTD - nominee entity holding shares on behalf of the Director.
Date of change		19/03/2021
No. of securities held prior to change
			Shares	Performance Rights
		Direct	-	5,300,000
		Indirect	9,766,594	-
		Total	9,766,594	5,300,000
Class		Ordinary Shares

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

Number acquired				Performance Rights - - -
			Shares	Performance Rights
		Direct	-	-
		Indirect	-	-
		Total	-	-
Number disposed				Performance Rights - - -
			Shares	Performance Rights
		Direct	-	-
		Indirect	2,700,000	-
		Total	2,700,000	-
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation		$227,479.56
No. of securities held after change
			Shares	Performance Rights
		Direct	-	5,300,000
		Indirect	7,066,594	-
		Total	7,066,594	5,300,000
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy- back		On-market trade

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	N/A
Nature of interest	N/A
Name of registered holder (if issued securities)	N/A
Date of change	N/A
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	N/A

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

Interest acquired	N/A
Interest disposed	N/A
Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation	N/A
Interest after change	N/A

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?	N/A
If prior written clearance was provided, on what date was this provided?	N/A

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 3