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West Wits Mining Pours First Gold, Secures $97M Finance, Expands Resources to 7.24Moz

9:42am on Monday 31st of August, 2026 AEST Mining
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West Wits Mining Pours First Gold, Secures $97M Finance, Expands Resources to 7.24Moz

9:42am on Monday 31st of August, 2026 AEST
Key Points
  • First gold poured at Qala Shallows underground mine in March 2026
  • Witwatersrand Basin Project resource base increased by 2.2 million ounces to 7.24Moz
  • Secured ZAR1.115 billion (~A$97 million) project finance package with Absa and Nedbank
  • Targeting steady-state production of approximately 70,000 ounces per annum by 2028/29
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