West Wits Mining Limited (AU:WWI) has released an update.
West Wits Mining Limited is on the brink of initiating operations at Qala Shallows, with key infrastructure and contracts completed, and is working towards securing a syndicated bank debt facility to cover up to 60% of its funding needs. The company is also renewing its exploration license at Mt Cecelia for gold and base metals, while finalizing agreements with major suppliers to ensure a smooth start-up once financing is obtained. With operational permits in place, the company is also poised for a potential increase in gold resources pending the grant of a new Prospecting Right by the South African Department of Mineral Resources and Energy.
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