WWI – the multi bagger small cap gold producer?, page-121

This is from the last quarterly...

INDONESIA

WWI has continued to work with its Indonesian business alliance partners to resolve tenure issues at the Derewo River Gold Project. Whilst progress has been slower than expected the Board remain confident in the capacity of our partners to successfully resolve these issues. During the next quarter we believe that all arrangements will be concluded with our Indonesian partners to allow for the recommencement of the alluvial project and hard rock exploration.

Nothing has been reported during the quarter, so I’m not sure how much progress has been made. Derewo is not the main game anyway. Also from the last quarterly...

Tambina Project, WA (WWI: 100%)

To further expand its exposure to the Pilbara, WWI announced the acquisition of the three mining leases, M45/988, M45/990 and M45/991, within the Tambina conglomerate hosted gold project. This project is located 150km southeast of Port Hedland and also covers rocks of the Lower Fortescue Group. The due diligence process highlighted there was potential for the Tambina project to support a modest sized mining operation, but further exploration is required. Of its two Pilbara assets, the Tambina project will be the core focus area given it’s prospectivity and the fact that it already has three granted mining leases.

Right now WBP is the golden goose but I think Tambina has serious potential. It shouldn’t be too much longer before we get an update on the geo team’s field trip to Tambina, this imo should be the catalyst for the next SP re-rate.