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West Wits Mining
West Wits Mining (WWI) investor relations material
West Wits Mining Q2 2026 TU earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q2 2026 TU earnings summary28 Jan, 2026
Executive summary
Advanced Qala Shallows from mobilisation to underground development and production, with first ore delivered to surface in October 2025 and stockpiling underway.
Officially opened Qala Shallows, South Africa's first new underground gold mine in 15 years, in December 2025.
Secured US$12.5M from Nebari facility and completed a A$33.74M institutional equity placement post-quarter, fully funding the project through to steady-state production.
Granted a new Prospecting Right (PR 10839) adjacent to the existing Mining Right, supporting future expansion.
Workforce expanded to over 120, with plans to reach 1,000 at steady-state production.
Financial highlights
Ended the quarter with A$22.2M in cash and cash equivalents, up from A$16.6M in the previous quarter.
Net cash used in operating activities was A$8.4M for the quarter.
Net cash used in investing activities was A$4.4M, including A$4.3M for underground mining equipment.
Net cash from financing activities was A$18.8M, including proceeds from borrowings and equity issues.
Payments to related parties totaled A$607K for the quarter.
Outlook and guidance
First gold pour targeted for March 2026, with 30,000 tonnes of ore to be processed at Sibanye-Stillwater's Ezulwini Plant.
Continued ramp-up of main decline development and mechanised mining operations planned for Q1 2026.
Ongoing exploration and growth initiatives across the Witwatersrand Basin Project, including Project 200 and BRC Uranium target.
Quantify MRE change from higher gold price
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Next West Wits Mining earnings date
H1 202611 Mar, 2026
West Wits Mining
Next West Wits Mining earnings date
H1 202611 Mar, 2026
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Frequently asked questions
West Wits Mining Limited is a mining and exploration company focused on gold and battery minerals. The company has projects in South Africa and Australia, with its primary asset being the Witwatersrand Basin Project in South Africa, which aims to develop gold resources. In Australia, West Wits Mining explores for lithium and other critical minerals to support the battery supply chain. The company is headquartered in Perth, Australia, and its shares are listed on the ASX.
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