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West Wits Secures $17.5M to Fast-Track Qala Shallows Gold Output
9:38am on Monday 15th of September, 2025 AEST
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Mining
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West Wits Secures $17.5M to Fast-Track Qala Shallows Gold Output
9:38am on Monday 15th of September, 2025 AEST
Key Points
Placement raises $17.5 million at $0.04 per share, a 14.9% discount
Funds to accelerate development and production at Qala Shallows
Qala Shallows project targets 70,000 ounces of gold annually over 17 years
Combined with $62.5 million in existing loans, balance sheet strengthened
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