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West Wits Mining (WWI) investor relations material
West Wits Mining Q3 2026 TU earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Achieved maiden gold pour at Qala Shallows in March 2026, marking transition to gold producer.
Production ramp-up underway, targeting steady-state output by 2028.
Secured ~163,000L diesel for energy security; grid power connection expected Q4 2026.
Institutional equity placement of A$33.74M fully funds Qala Shallows to steady-state.
Project 200 Scoping Study initiated to assess scaling production to ~200koz p.a.
Financial highlights
Institutional placement raised A$33.74M, including A$10M from Tribeca Investment Partners.
Received $1.6M from exercise of options during the quarter.
Cash and cash equivalents at quarter end: A$40.1M.
Net cash used in operating activities: A$2.17M for the quarter.
Net cash used in investing activities: A$12.52M for the quarter.
Outlook and guidance
Focused on ramping up production and achieving operational consistency.
Targeting steady-state production of ~70,000oz per annum over a 12-year mine life.
Project 200 Scoping Study to be completed by June 2026, aiming for ~200,000oz p.a.
- Fully funded, ramping up Qala Shallows for first gold in March 2026, with expanded WBP ownership.WWI
H1 202629 Mar 2026 - Qala Shallows is production-ready with financing in progress, but going concern risks remain.WWI
H2 202427 Mar 2026 - Secured major funding, advanced Qala Shallows, and posted a $3.68m FY25 loss with strong cash reserves.WWI
H2 202527 Mar 2026 - First gold expected March 2026, with major expansion and strong ESG focus underway.WWI
RIU Explorers Conference 202617 Feb 2026 - Fully funded gold project with 7.24Moz resource, strong economics, and first gold in March 2026.WWI
Investor presentation8 Feb 2026 - Qala Shallows reached first underground ore production and secured full funding for gold output in 2026.WWI
Q2 2026 TU23 Jan 2026 - Capital raise, improved DFS, and active promotion set stage for October production start.WWI
AGM 202523 Nov 2025 - Production ramps up with robust funding, strong returns, and 70,000oz/year target from 2028.WWI
Noosa Mining Investor Conference17 Nov 2025 - First ore produced at Qala Shallows, fully funded to Q1 2026 gold pour, with strong DFS metrics.WWI
Q1 2026 TU7 Nov 2025
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