- West Wits Mining (WWI) granted mining right for the Witwatersrand Project in South Africa
- The project is in the Central Rand Goldfields, where WWI is aiming to produce 60,000 ounces of gold per annum over a 15-year-plus mine life
- WWI received formal communication from South Africa’s Department of Mineral Resources and Energy following a longer than expected wait
- Development activity is ramping up with the company focused on project execution in the second half of 2021
- Shares are trading in the grey at 8 cents apiece at 10:23 am AEST
West Wits Mining (WWI) has been granted the right to mine at the Witwatersrand Project in South Africa.
The decision has taken longer than expected but the company has now received formal communication of the application outcome from South Africa’s Director General of the Department of Mineral Resources and Energy (DEF).
In March, the minister assessing the application requested further information from the Department of Environment, Forestry and Fisheries regarding the potential effect of the project on water infrastructure.
Shortly after, the appeals by the DEF were dismissed.
The project is in the Central Rand Goldfields and WWI is aiming to produce more than 60,000 ounces of gold per annum over a 15-year-plus mine life.
Chairman Michael Quinert said the decision was a pivotal milestone for the company.
“The granting is a testament to the quality and thoroughness of the engagement process undertaken by our lawyers, specialist consultants and the executive team led by Managing Director, Jac van Heerden, and comes at a critical time with the independent Definitive Feasibility Study on the Qala Shallows nearing completion.”
Moving forward the company said it was ramping up development activity and was focused on project execution in the second half of 2021 as it targeted maiden underground gold production.
Shares were trading in the grey at 8 cents apiece at 10:23 am AEST.