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West Wits Advances Qala Shallows with $50M Loan and DFS Upgrade
3:31pm on Monday 28th of July, 2025 AEST
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Mining
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West Wits Advances Qala Shallows with $50M Loan and DFS Upgrade
3:31pm on Monday 28th of July, 2025 AEST
Key Points
Secured ZAR 875 million (~USD 50 million) senior syndicated loan facility
Updated 2023 Definitive Feasibility Study shows 88% free cash flow increase to US$983M
Mobilisation commenced with key contracts and equipment deliveries completed
Increased ownership in Witwatersrand Basin Project to 74% via minority buyback
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