West Wits initiates scoping study under Project 200
ASX-listed West Wits Mining has started a scoping study under its Project 200 initiative within the broader Witwatersrand Basin project (WBP).
Project 200 is a strategic growth initiative aimed at assessing the potential to scale WBP toward an aspirational target of a 200 000 oz/y gold production profile, leveraging the project’s 7.24-million-ounce mineral resource base and extensive tenure.
Bara Consulting has been appointed to deliver the independent scoping study, building on the successful Phase 1 trade-off analysis.
The study would assess multiple mining targets across West Wits’ mining right and two prospecting rights, targeting a step-change in production scale.
The scoping study is targeted for completion in June.
“The commissioning of the Project 200 scoping study marks an important step in defining the long-term scale potential of the WBP. With a 7.24-million-ounce mineral resource base and significant infrastructure advantages, WBP provides a compelling platform for growth beyond our initial production profile,” CEO and MD Rudi Deysel says.
“Importantly, following our recent institutional placement, we are well positioned to pursue a disciplined dual growth strategy.
“As we approach our first gold pour at Qala Shallows in March, our focus is firmly on transitioning to producer status and generating cash flow. At the same time, Project 200 allows us to evaluate a pathway to materially increase production and unlock the broader value inherent in our resource base.
“We believe this strategy provides shareholders with both near-term production milestones and longer-term transformational growth potential,” he explains.
Article Enquiry
Email Article
Save Article
Feedback
To advertise email advertising@creamermedia.co.za or click here
Projects
Latest Multimedia
Latest News
Showroom
At Airshrink - CiP, we surpass customer expectations with innovative MV and LV cable accessories, including heat shrink joints, terminations,...
VISIT SHOWROOM
Sika South Africa is a trusted partner for the nation’s infrastructure, commercial, residential, and industrial sectors.
VISIT SHOWROOM
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
