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WEST WITS MINING LIMITED — Fund Information / Factsheet 2016
Mar 17, 2016
66091_rns_2016-03-17_77794834-0ba9-4770-a91d-b633dd0d8ae7.pdf
Fund Information / Factsheet
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ASX: WWI www.westwitsmining.com
ASX Announcement and Media Release Friday, 18 March 2016
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Fast Facts @ 18 Mar 2016 Capital Structure: Shares on issue 456 million Options 52 million Market Cap $9.1 million Cash in Bank A$1.5 million Debt Nil Enterprise Value (EV) A$7.6 million EV/oz A$6.23
| Company Directors & Management | Company Directors & Management |
|---|---|
| Michael Quinert | Chairman |
| Vin Savage | Executive Director |
| Neil Pretorius Hulme Scholes |
Non-Exec Director Non-Exec Director |
| Top Shareholders ≈ | |
|---|---|
| Twynam Ag | 19.9% |
| DRD Gold Ltd | 11% |
| QMM Pty Ltd | 8% |
| Trevor Neale | 6% |
| Top 40 Shareholders | 74% |
Company Highlights
| • | South Africa |
|---|---|
o near surface and underground targets |
|
o 1.217m oz JORC resource |
|
| - Measures: 302,000 |
|
| - Indicated: 566,200 |
|
| - Inferred: 349,400 |
|
o Historic estimate of 12.8m oz at 4.6g/t |
|
o 31.8m ozs Au produced historically |
• Indonesia
Research Initiated by Far East Capital
West Wits Mining Limited (ASX:WWI) (“ the Company ” or “ West Wits ”) is pleased to announce that Far East Capital Limited has released a research report on West Wits.
To view the report please visit our website www.westwitsmining.com and then select the Investors tab and follow through to Company Reports.
For And On Behalf Of The Board
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Michael Quinert
Chairman
West Wits Mining Limited
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High grade placer deposit
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oProject show early stage similarities with discoveries inc; Porgera, Edie Creek, Wau -
oIndependent geologists believe source of nuggets likely to be local, based on the size and shape of the nuggets discovered
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Contact Details West Wits Mining Limited ACN 124 894 060
Suite 1, 1233 High Street Armadale VIC 3143 T: +61 3 8692 9049 F: +61 3 8692 9040 E: [email protected] W: www.westwitsmining.com