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V WEST WITS MINING ASX Announcement Friday , 29 October 2021 ASX Announcement and Media Release 29 October 2021 Quarterly Activities Report - Reporting Period 1 July – 30 September 2021 HIGHLIGHTS ➤ Witwatersrand Basin Project ( " WBP " ) Mining Right application granted Global JORC Mineral Resource Estimate ( " MRE " ) for WBP Mining Right area restated at 25.91Mt @ 4.26g / t for 3.55Moz Au ( 2g / t cut - off ) ¹ ➤ WBP Scoping Study results provide for a five - stage development and Production Target of 80,000oz Au pa average steady - state production over 18 Years with 95,000oz Max Annual Gold Production in Year 7² , demonstrating the WBP's potential to be WWI'S cornerstone project as the Company aims to become a mid - tier gold producer . WBP Stage 1 Qala Shallows Definitive Feasibility Study ( " DFS " ) results : ○ Maiden Ore Reserve of 3Mt at 2.88g / t for 278 000oz³ ○ Production Target 17 - year LOM project and 7.3MT at 2.81g / t recovered grade for 663,000oz Recovered Gold ; a steady - state production of 53 000oz per annum³ All In Sustaining Cost ( " AISC " ) of an estimated US $ 1,144 / oz Gold with a steady state AISC of US $ 1,027 / oz³ ○ Pre - tax NPV7.5 of US $ 150 million ( AU $ 205m ) and IRR of 35 % at a Gold Price of US $ 1,750 / oz³ ➤ Operations commenced at the Qala Shallows Early Mining Initiative ➤ Prospectivity of Uranium for WBP Mining Right reviewed ➤ Mt Cecelia MLTEM data provides robust first - pass exploration drill targets anticipated to commence in 2022 field season 5 West Wits Mining ( ASX : WWI , ' West Wits ' or ' the Company ' ) is pleased to present its latest quarterly report for the period ending 30 September 2021 . SOUTH AFRICA Witwatersrand Basin Project ( " WBP " ) ; Central Rand ( WWI : 66 % ) , Gauteng Province Exploration , Prospecting Right and Mining Right As announced in the prior period activities report , the Kimberley East infill drilling program exploration results and updated resource modelling were released on 5th July 2021. The resource update covered the existing Prospecting Right ( " PR " ) at that time , increasing the global MRE to 32.78Mt @ 4.24g / t for 4.47Moz Au ( 2g / t cut- off ) . In July 2021 , West Wits received formal communication from South Africa's Director General of the Department of Mineral Resources and Energy ( " DMRE " ) that the Company's Mining Right application was