West Wits adds to WBP resource
PERTH (miningweekly.com) – Junior West Wits Mining has reported a 724 000 oz increase in the resource base at its Witwatersrand Basin project (WBP), in South Africa.
The ASX-listed company on Friday reported a Joint Ore Reserves Committee-compliant resource estimate of 4.28-million ounces at WBP, grading 4.58 g/t gold.
“This upgrade to our flagship gold project provides a tremendous boost to our confidence in the WBP mine plan,” said West Wits MD Jac van Heerden.
“This mineral resource update does not include areas removed on granting of the mining right and now subject to new prospecting right applications which, if successful, will reinstate portions of the historical mineral resource. Moving into the four-million-ounce figure range at a robust grade of 4.58 g/t gold, once again, confirms the vigorous nature of the gold resources contained within the WBP.
“Increasing the mineral resource estimate by 20% in ounces and grade by 0.32 g/t sees us ending 2021 on a high note. We are very much looking forward to a prolific 2022, commencing with the production from our early mining initiative,” said Van Heerden.
The increase in the mineral resource has prompted West Wits to review an earlier scoping study for the WBP, and an updated production target and financial modeling is now expected in February next year.
The original scoping study estimated that the WBP could produce some 1.56-million ounces of gold over a 22-year mine life, producing an average of 80 000 oz/y over 18 years of this mine life.
The scoping study estimated that the project would reach a peak production rate of over 95 000 oz/y and could produce 90 000 oz/y between years 6 and 11 of operations.
Comments
Research Reports
Projects
Latest Multimedia
Latest News
Showroom
Rooted in the hearts of South Africans, combining technology and a quest for perfection to bring you a battery of peerless standing. Willard...
VISIT SHOWROOM
For over 60 years, VEGA has provided industry-leading products for the measurement of level, density, weight and pressure. As the inventor of the...
VISIT SHOWROOM
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
