I’m really liking the plan to expand production at the...

I’m really liking the plan to expand production at the Witwatersrand Basin Project. The two additional mining permit applications should be granted by September 2018.

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Below are the Chairman’s comments from company announcement ‘Witwatersrand Production to Increase’ from 19-Feb-18:

Michael Quinert, Chairman commented: “The Board’s main task for the South African business in 2018 remains clearly focused on fast-tracking the application and approval for full mining rights for the Witwatersrand Basin Project, with submission scheduled for April. Upon regulatory approval, this will likely create significant incremental value for shareholders, as it would enable production to be ramped up materially. Against this backdrop, it is pleasing to note the stronger Rand is reflective of the potential turnaround in South Africa’s economic and political environment. Further, with the continued success of the existing operations, a decision was taken to proceed with two mining permit applications which upon grant would enable WWI to boost monthly production from the Witwatersrand Basin Project significantly by the fourth quarter of the calendar year.”