Company Overview and News
West Wits Mining Ltd (ASX:WWI) has been making a highly anticipated move into the Pilbara region of Western Australia, and the ASX has granted the company a trading halt to finalise the next steps.
West Wits Mining Ltd's (ASX:WWI) shares are expected to open stronger this morning following the company pouncing on one of the few remaining project areas in the eastern Pilbara that is prospective for conglomerate gold mineralisation. (2-0)
West Wits Mining Ltd (ASX:WWI) is joining Australia's latest gold rush in the Pilbara region of Western Australia. (2-0)
The company’s shares are up 11.1% intra-day, currently trading at $0.03. In December, 9,000 tonnes were extracted as the ramp in production continues to a targeted production of 12,000 tonnes per month by the end of calendar Q1 2017. The company is aiming for a production rate of 15,000 tonnes per month eventually. The head grade from the pit is continuing in line with expectations at circa 2 g/t gold.
TORONTO, ONTARIO--(Marketwired - Oct. 28, 2016) - Frontier Rare Earths Limited (OTCQX:FREFF) ("Frontier" or the "Company") is pleased to announce the appointment of John Hulme Scholes as a non-executive director of the Company.
Under agreement with a mining contractor, West Wits will be paid a price equal to 0.6 grams of gold (circa US$25) for each tonne of ore mined. Allowing for recoupment of start-up costs, the company is expected to receive payments for the ore in the next 3-4 weeks. West Wits is anticipating to mine 6,000 tonnes of ore in November. Thereafter, the mining contractor projects a steady rise of ore tonnage to about 14-15,000 tonnes per month.
West Wits Mining Ltd (ASX:WWI) has crossed an important milestone by commencing mining at the Sol Plaatjies Project, within the Soweto Project in Johannesburg, South Africa. First stage plans at Sol Plaatjies provide for extraction of up to 130,000 tonnes of ore over 12 months with a further 50,000 tonnes identified in the second stage. The total JORC 2012 resource at the Soweto Project is 1.32 million ounces of gold at 3.
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