West Wits Mining (WWI) Q4 2026 TU earnings summary

Executive summary

• Achieved 1 West Decline breakthrough at Qala Shallows, unlocking access to higher-grade stoping areas and accelerating production ramp-up.

• Underground development totaled 544m for the quarter, with 375m on-reef and 168m waste development.

• Delivered 4.6kg (148oz) of gold in the quarter, with YTD production at 7.05kg (227oz).

• Surface infrastructure 45% complete, including haulage road, warehouse, and pollution control dam.

• Completed full project finance package and repaid Nebari bridge loan, securing long-term funding.

Financial highlights

• Cash at 30 June 2026 was approximately A$32M.

• Quarterly expenditure: $11.1M on Qala Shallows development and $2.8M on plant and equipment.

• Net cash used in operating activities for the quarter: A$3.26M; investing activities: A$13.93M; financing activities: net inflow of A$9.26M.

• Cash and cash equivalents at period end: A$32.1M.

Outlook and guidance

• Project 200 Scoping Study expanded to assess multiple development and processing pathways, targeting up to 200,000oz per annum; results expected early August 2026.

• Plans to implement exploration program for Bird Reef Central Uranium/Gold Project.

• Operational focus for next quarter: advance development rates, ramp up production, and execute Scoping Study.