đ West Wits Secures Key Ground for South African Gold Mine Expansion
Australian-listed West Wits Mining has made a major strategic move by securing key prospecting rights and expanding its footprint at the historic Witwatersrand Basin Project (WBP) in South Africa â positioning the company to grow production and strengthen its gold mining operations.
âą Strategic expansion: West Wits has acquired new prospecting rights adjacent to its current mining footprint, enhancing continuity with established ore bodies and reducing exploration uncertainty.
âą Historic gold district: The Witwatersrand Basin has produced over 40 % of all gold ever mined globally; the projectâs expanded resource base now underpins long-term growth.
âą Production potential: Qala Shallows, now operational, is the first new underground gold mine in South Africa in ~15 years, slated to produce ~70,000 oz/year over ~17â18 years.
âą Path to growth: First ore has already been extracted, infrastructure is in place, and the first gold pour is scheduled for March 2026, laying groundwork for further expansions like Bird Reef Central.
âą Economic impact: The expanded operations are expected to create jobs and contribute significantly to the South African economy as West Wits evolves from developer to producer.
âReviving mining activity in the Witwatersrand â a globally iconic gold basin â signals renewed investor confidence and operational momentum in South African gold mining after years of stagnation.
#WestWits #Witwatersrand #QalaShallows #MiningExpansion #MinerResourceOptimization
