Interview with Michael Quinert, Chairman of West Wits Mining (ASX:WWI)

September 13, 2021

Gold, West Wits, West Wits Mining, WWI

Summary

We spoke with Michael Quinert, Chairman of West Wits Mining (ASX:WWI), on the company’s recent Definitive Feasibility Study (DFS) for Qala Shallows, the first stage of the Witwatersrand Basin Project (WBP) in South Africa.

This project now encompasses 3.5 million ounces of gold. The study outlines a 17-year mine life that would recover 663,000 ounces at an All-In Sustaining Cost of US$1,144 an ounce.

West Wits Mining’s project had a pre-tax NPV of A$205m on a 7.5% discount rate.

 

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