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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