West Wits Mining up 31% following “milestone” mining right grant for Witwatersrand Basin project
Company shares soared on the key approval, which brings West Wits a step closer to producing more than 60,000 ounces of gold per annum at its core Central Rand Goldfields asset. West Wits has secured a right to mine at the South African Witwatersrand Basin Project.
West Wits Mining Limited (ASX:WWI) has secured a crucial approval, establishing its right to mine at the Witwatersrand Basin Gold Project in South Africa.
The country’s Department of Mineral Resources and Energy (DMRE) granted West Wits’ mining right application, with director general Adv Thabo Mokoena confirming the key approval.
2021-07-20 by Proactive Australia
West Wits Mining Limited (ASX:WWI) has secured a crucial approval, establishing its right to mine at the Witwatersrand Basin Gold Project in South Africa.
The country s Department of Mineral Resources and Energy (DMRE) granted West Wits mining right application, with director general Adv Thabo Mokoena confirming the key approval.
Ultimately, the mining right brings the ASX-lister a step closer to producer status and operating in South Africa s Central Rand Goldfields, a region famous for hosting the world s largest-known gold reserves.
At Witwatersrand, West Wits hopes to produce more than 60,000 gold ounces every year across the project s 15-year mine life.