Meet Mining Companies in London

West Wits Mining (ASX: WWI) is South Africa's newest gold producer. Its first stage Qala Shallows mine, in Johannesburg's Witwatersrand Basin, poured first gold in March 2026. It is fully funded to reach 70,000 oz a year by 2029, at an all-in sustaining cost just under US$1,300/oz. Ore is toll-treated at an existing Sibanye-Stillwater plant, so there is no plant to build. Behind the 17-year mine sits a 7.24 Moz JORC resource at 4.0 g/t. Project 200 is the next growth stage, with a revised scoping study due in Q2 2027. Bird Reef Central adds uranium upside.

Management Profile:

Michael Quinert, Chairman. Michael is a commercial lawyer with deep ASX experience. He has over a 40-year career advised listed mining companies globally and is a director of listed and unlisted companies. As Chairman, he oversees West Wits' strategy, governance and capital markets. Rudi Deysel, CEO and Managing Director. Rudi is a mining engineer with an MBA. He has run underground, open-cast and multi-commodity operations, including at Anglo American and Murray & Roberts. He leads the Qala Shallows ramp-up from first gold to steady-state production.

What are your key goals for the next 3 months?:

 - Start stoping at Qala Shallows in February 2027, the step from development ore to primary production. 

- Keep lifting underground development from September 2026's record of 200 m a month. 

- Commission backup power and advance surface infrastructure, which was 61% complete in September 2026. 

- Broaden our international shareholder base through investor meetings internationally.

What are your key goals for the next 6 months?:

 - Connect bulk power to Qala Shallows in early 2027. 

- Ramp up stoping and development to put production on track for 10,000–15,000 oz in calendar 2027. 

- Publish a revised Project 200 scoping study, targeted for Q2 2027. 

- Advance drilling at Bird Reef Central towards a maiden uranium Mineral Resource.

What are your key goals for the next 12 months?:

- Complete critical surface infrastructure in Q3 2027. 

- Reach commercial production in Q4 2027 and generate free cash flow from operations. 

- Deliver 2027 production of 10,000–15,000 oz, on the path to a 70,000 oz per year production rate by the start of 2029. 

- Move Project 200 to a pre-feasibility study.

What do you think makes your company such a compelling investment?:

 West Wits is a funded, producing gold company priced as if it were still a developer. First gold was poured in March 2026. A ~A$97M Absa/Nedbank package fully funds Qala Shallows to 70,000 oz per year by 2029. With costs just under US$1,300/oz and gold above US$4,000/oz, the margin is about US$2,800/oz. Toll treatment at an existing Sibanye-Stillwater plant removes the risk of building a plant. Yet at about A$25 per resource ounce, West Wits trades roughly 78% below the median of its ASX gold peers. That price gives little credit for the 7.24 Moz resource, Project 200 or uranium at Bird Reef Central. Cornerstone investor Tribeca invested A$10 M at A$0.80 a share in the last equity raise February 2026.