West Wits Mining (WWI) AGM 2025 summary

Opening remarks and agenda

• Introduced Managing Director and Chairman to provide updates on key milestones and long-term value strategies.

Financial performance review

• June capital raise was the largest in five years, increasing project holding to 74%.

• Market capitalization rose from ~$70 million to ~$115 million post-fundraising.

• Option exercises recently added nearly $1 million in cash, with potential for $10–12 million more.

• Updated DFS showed post-tax NPV increased to $500 million, total revenue to $2.7 billion, and free cash flow to nearly $1 billion.

• Peak funding requirement reduced by $10 million to $44 million, with payback period now eight months.

Board and executive committee updates

• Rudi Deysel promoted to Managing Director and Keith Middleton appointed to the board.

• Full senior team now in place, including Mine, Project, Finance, and Engineering Managers.