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West Wits Advances Qala Shallows to Production, Secures $46M Funding
10:00am on Friday 23rd of January, 2026 AEDT
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Mining
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West Wits Advances Qala Shallows to Production, Secures $46M Funding
10:00am on Friday 23rd of January, 2026 AEDT
Key Points
First underground ore delivered at Qala Shallows in October 2025
US$12.5 million drawn from Nebari facility, plus A$33.74 million equity raise
Official opening of South Africa’s first new underground gold mine in 15 years
New Prospecting Right granted extending Kimberley Reef ore body
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