WWI 7.14% 1.3¢ west wits mining limited

West Wits Mining - Quarterly Activities Report...

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    West Wits Mining - Quarterly Activities Report
    http://www.asx.com.au/asxpdf/20161028/pdf/43cfvhn05339d8.pdf

    Highlights
     Commenced production at Sol Plaatje
     11,000 tonnes of ore extracted from the Sol Plaatje Project to date
     WWI earning 0.6 grams of gold (approx. US$25) for each tonne of ore mined
     6,000 tonnes projected for extraction in November
     Production expected to increase to circa 14,000 to15,000 tonnes per month
     130,000 tonnes schedule for extraction in Stage 1 over first 12 months with a
    50,000 tonnes schedule in Stage 2 over further 6 months
     Planning work is underway to enable several other areas to progress to
    production.
     New agreement for Derewo with PT Tobacom Del Mandiri (“TDM”)
     TDM is part of a large group of companies with interests in coal, oil and gas,
    power plants and agriculture looking to expand into gold
     TDM will be required to deliver clear and clean certificates and forestry permits,
    in addition to managing site access and security
     Significant step forward in recommencing the alluvial project and beginning
    exploration
 
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6 3100580 1.3¢
 

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Price($) Vol. No.
1.4¢ 574741 4
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