West Wits Mining Ltd (ASX:WWI, OTCQB:WMWWF) chair Michael Quinert speaks with Proactive after unveiling a new and improved definitive feasibility study (DFS) for its Qala Shallows gold asset a key building block within the companys flagship Witwatersrand Basin Project near Johannesburg, South Africa.
He says the update sets the scene for a substantially larger gold project. The revitalised study envisages a 38% jump in the assets recovered gold rates, setting the bar at 924,000 ounces over the projects near-18-year mine life.
Quinert said the updated DFS set the scene for the company to deliver a substantially larger gold project.
These figures emphasise the project's value and its potential to deliver substantial returns to our shareholders, he explained.
There is good reason to be excited about the future prospects of the Witwatersrand Basin project.
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West Wits Mining Limited