Wits Gold Limited is an active gold and uranium exploration company with substantial mineral resources in the world’s premier gold province, the Witwatersrand Basin in South Africa.
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Company highlights
- Wits Gold holds title to NI 43-101 compliant total inferred resources of 151.7 Moz of gold and 267.8 Mlbs of U3O8. This includes 19.9 Moz of indicated resources and 5.4 Moz of P&P reserves at Bloemhoek.
- Recently completed Independent pre-feasibility study at Bloemhoek has indicated that mining is both technically and economically viable at this project, located in the southern Free State goldfield.
- Revised resource estimate being finalized at De Bron, situated adjacent to Bloemhoek, where the reef package occurs at 500-1200 metres below surface.
- New order prospecting rights for uranium granted in the Potchefstroom and Klerksdorp goldfields. Independent NI43-101 compliant inferred resources of 163.3 Mlbs U3O8 have been estimated over these prospecting rights.
- Acquired historic exploration data from AngloGold Ashanti in the Beisa North area. Independent NI43-101 compliant resources estimated to contain 47.8 Mlbs U3O8 and 1.5 Moz gold at Beisa North.
- Annual expenditure in FY09 of R55 million (US$5.4 million) of which R39 million (US$ 3.8 million) or 71 % was devoted to exploration.
- Cash resources of R94 million (US$ 12.5m) as at 30 December 2009 – sufficient for 3 years. No debt.
Country highlights
- South Africa was the largest gold producer for over 100 years. One third of all the gold ever produced in the world has come from the Wits Basin. The country currently accounts for some 17% of global new mined gold production.
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South Africa is a politically stable emerging market with abundant natural resources and a stock exchange that ranks among the ten largest in the world.
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The country’s infrastructure has grown to support the mining sector with well developed financial, legal, communications, energy and transport sectors.
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South Africa successfully transformed itself into a democratic country in 1994 and has continued its status as one of the most stable countries in Africa.
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REGISTER FOR ALERTS
JSE SENS Department:
Unaudited financial results for the six months ended 31 August 2009
25 November 2009
JSE SENS Department:
WGR - Wits Gold - Trading update
30 October 2009
JSE SENS Department:
WGR - Wits Gold estimates uranium resources in the Potchefstroom goldfield
13 October 2009
WITS GOLD WOMEN'S TRUST
LATEST NEWS
Wits Gold
CONFERENCES
PDAC Investors Exchange – Mining Investment Show. March 7-10, 2010. South Building, Metro Toronto Convention Centre, Toronto, Canada. Booth 3144
Mining Indaba. February 1-4, 2010. Cape Town International Convention Centre, South Africa. Hall 1, Booth 506
Vancouver Resource Investment Conference, Canada. January 17-18, 2010. Pacific Ballroom, Fairmont Hotel Vancouver. Booth F500
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