West Wits Mining Gold Resource Hits 7.2Moz

West Wits Mining Limited Non-Executive Director Warwick Grigor talked with Kerry Stevenson from Proactive the ASX Small and Mid-Cap Conference about the company’s rapidly expanding gold resource base and near-term production outlook in South Africa. Grigor highlighted a significant upgrade to the company’s resource, noting that it has grown to 7.2 million ounces, with further upside potential at depth. He explained that “we've just increased our resource base by 2,000,000oz… we've gone from a bit over 5 to 7.2 million ounces,” adding that deeper exploration could potentially double that figure. The interview also focused on the scale of the Witwatersrand Basin, one of the world’s most prolific gold regions, and how the market may be underappreciating the magnitude of West Wits Mining Limited’s asset base. Grigor pointed out that historical production in the region underscores the project’s long-term potential. Looking ahead, West Wits Mining Limited is targeting its first gold pour in the near term and aims to build toward 70,000 ounces of annual production, with a longer-term aspiration of reaching 200,000 ounces per annum, subject to further studies. Grigor also outlined strong projected economics, noting the potential for substantial EBITDA generation at current gold prices. He addressed concerns around operating in South Africa, stating that infrastructure challenges such as power supply have improved, while the country remains a highly developed and stable mining jurisdiction. #proactiveinvestors #asx #wwi #WestWitsMining #GoldStocks #ASX #MiningNews #GoldExploration #SouthAfricaMining #GoldProduction #ResourceUpgrade #Investing #SmallCaps #Witwatersrand #GoldMarket