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- West Wits Mining (WWI) reports a mineral resource estimate upgrade for its Kimberley East Project in South Africa
- WWI’s Measured JORC mineral resource estimate grew by 149,000 ounces gold to 7.33 million tonnes at 4.50 grams of gold per tonne
- Broadly, the company says the upgrade increases confidence in the area and represents a step towards a maiden ore resource for the Qala Shallows Project
- West Wits Mining shares were up 2.38 per cent and trading at 8.6 cents at 10:45 am AEST
West Wits Mining (WWI) has reported a mineral resource estimate upgrade for its Kimberley East Project in South Africa.
The company’s Measured JORC mineral resource estimate grew by 149,000 ounces gold to 7.33 million tonnes at an increased grade of 4.50 grams of gold per tonne for 1.06 million ounces gold.
It brings WWI’s global mineral resource estimate to 32.78 million tonnes at 4.24g/t for 4.47 million ounces gold, with 21.8 million tonnes of which sitting within the measured and indicated category.
According to West Wits, the upgrade provides a higher confidence level in the early mining areas and said it represents a critical step towards declaring a maiden ore resource for the Qala Shallows Project.
West Wits Managing Director Jac van Heerden commented on the upgrade.
“The successful completion of the infill exploration program has significantly advanced the Company’s mine plan on the Qala Shallows area of the project where the first mining is to be undertaken,” he said.
“The updated MRE will underpin West Wits’ capacity to declare a maiden ore reserve for the Qala Shallows upon completion of the definitive feasibility study, which is scheduled for August 2021.”
West Wits Mining shares were up 2.38 per cent and trading at 8.6 cents at 10:45 am AEST.
