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Why Did West Wits Give 100M Options to Absa Bank? Inside the Strategic Move
10:01am on Monday 10th of November, 2025 AEDT
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Mining
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Why Did West Wits Give 100M Options to Absa Bank? Inside the Strategic Move
10:01am on Monday 10th of November, 2025 AEDT
Key Points
100,386,000 unlisted options issued to Absa Bank in lieu of fees
Options priced at $0.0185, expiring in five years matching loan tenor
Transaction reflects Absa’s strategic endorsement of Qala Shallows project
Equity settlement preserves West Wits’ cash during critical funding phase
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West Wits Mining (ASX:WWI)
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