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Proactive Investors China - The web's leading portal for China stocks - West Wits Mining up 31% following "milestone" mining right grant for Witwatersrand Basin project


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. ....

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