West Wits Mining : Presentation - 121 Mining Investment - New York

WWI Presentation: 121 Mining Investment New York Conference

Progressing strategic transformation into a mid-tier gold producer

use only
ersonal
Witwatersrand Basin Project (WBP), S.A.	Mt Cecelia Project, AUS
	ASX: WWI
	OTCQB: WMWWF

"should," "will" or "would" and other similar expressions. Risks, uncertainties and other factors may cause West Wits Mining Limited's actual results, performance, production or achievements to differ materially from those expressed or implied by the forward-lookingstatements (and from past results, performance or achievements).

"believe," "continue," "could," "estimate," "expect," "forecast," "intend," "may," "plan," "potential," "predict," "project," "risk,"

This Announcement includes "forward-lookingstatements" as that term within the meaning of securities laws of applicable jurisdictions. Forward-lookingstatements involve known and unknown risks, uncertainties and other factors that are in some cases beyond West Wits Mining Limited's control. These forward-lookingstatements include, but are not limited to, all statements other than statements of historical facts contained in this presentation, including, without limitation, those regarding West Wits Mining Limited's future expectations. Readers can identify forward-lookingstatements by terminology such as "aim," "anticipate," "assume,"

Forward-LookingStatements

West Wits Mining accepts no responsibility to update any person regarding any error or omission or change in the information in this presentation or any other information made available to a person or any obligation to furnish the person with further information.

considered material by the company.

Disclaimer

This presentation may contain certain forward-lookingstatements that have been based on current expectations about future acts, events and circumstances. These forward-lookingstatements are, however, subject to risks, uncertainties and assumptions that could cause those acts, events and circumstances to differ materially from the expectations described in such forward-lookingstatements. These factors include, among other things, commercial and other risks associated with estimation of resources, the meeting of objectives and other investment considerations, as well as other matters not yet known to West Wits Mining or not currently

onlyuseThese factors include, but are not limited to, the failure to complete and commission the mine facilities and related infrastructure in the time frame and within estimated costs

currently planned; variations in global demand and price for gold and silver; fluctuations in exchange rates between the U.S. Dollar, South African Rand and the Australian Dollar; the ersonalfailure of West Wits Mining Limited's suppliers, service providers and partners to fulfil their obligations under construction, supply and other agreements; unforeseen geological,

physical or meteorological conditions, natural disasters or cyclones; changes in the regulatory environment, industrial disputes, labour shortages, political and other factors; the

inability to obtain additional financing, if required, on commercially suitable terms; and global and regional economic conditions. Readers are cautioned not to place undue reliance on forward-looking statements. The information concerning possible production in this announcement is not intended to be a forecast. They are internally generated goals set by the board of directors of West Wits Mining Limited. The ability of the Company to achieve any targets will be largely determined by the Company's ability to secure adequate funding, implement mining plans, resolve logistical issues associated with mining and enter into any necessary off take arrangements with reputable third parties. Although West Wits Mining Limited believes that its expectations reflected in these forward-looking statements are reasonable, such statements involve risks and uncertainties and no assurance can be given that actual results will be consistent with these forward-looking statements.

2

Investor High Potential Snapshot

Revenue opportunity of USD 2.6 billion1

Assets: Near production project (RSA) and green fields exploration project (AUS, WA)

ersonal use only

South Africa, Witwatersrand

Witwatersrand Basin Project (WBP)

Significant resource: 4.28 million ounces of gold JORC Mineral Resource @ 4.58g/t Au3 ; 69% of MRE in Measured and Indicated categories; includes declared Ore Reserves

Production Ready: First ore delivered in Feb 2022; infrastructure in place to facilitate rapid production build-up

CAPEX: Low due to historical shafts to access virgin mine blocks; planned toll processing with overall competitive AISC

Production Mining Stages 1-4:27-year Life-of-Mine; estimated 16.1 million tonnes; Run of Mine grade of 3.11g/t Au for 1.61 million oz gold1

3

Western Australia, Eastern Pilbara

Mt Cecelia Project

Up to $10M Farm-In & JV Agreement:

Rio Tinto5

Location: Highly prospective area in Paterson Province

SkyTEM HEM survey: Eight exploration targets identified

MLTEM survey: Four high-priority targets confirmed

Maiden drilling program: Commences in 2022

Company Highlights

Opportunity for significant Share Price Growth, well positioned for 2022 upside

Duel-listed on ASX and OTCQB for increased investment opportunities

ersonal use only

Capital Structure (ASX)

Capital Structure (ASX)

Shares on Issue

Market Capitalisation

At closing share price of 2.9 cents on 02/06/2022

Cash

as at 31/03/2022

Enterprise Value

JORC Mineral Resource Estimate3 (Gold)

Mineral Resources include declared Ore Reserves

Enterprise Value per ounce

Listed Options

$0.12 expiring 10/08/2022

Unlisted Options

(101M @ $0.05, 2.5M @ $0.012, 6M @ $0.10, $0.15 & $0.25 & 25M @ $0.041)

Performance Rights

(Issued to Executive Team with various performance hurdles)

Proforma - WWI Shareholding in Operating Entity

Includes proposed acquisition of 7.4% indirect minority interest. Refer to ASX announcement 02/06/20227

1.84b

A$53.4m

A$5.7m

A$47.7m

4.28Moz

A$11.15

110.1m

146.4m

10.2m

74%

4

Share Price - CPS

12 11 10 9 8 7 6 5 4 3 2 1

0 Jun-21

12 Month Share Price

Volume

Share Price

West Wits Mining SA

(Pty) Ltd

Oct-21

Feb-22

75

50

25

-

Volume - Million

Experienced Leadership

Investor-focused board and experienced operational team

ersonal use only

Michael Quinert

Chairman

ASX-experienced commercial lawyer with extensive involvement in assisting and advising publicly listed mining companies

Hulme Scholes

Non-Executive Director

One of SA's top legal professionals

specialising in mining and mineral law

Tozama Kulati Siwisa

Head of Corporate Affairs

BCom with MBA and broad experience in leading transformation projects from development through to execution

Rudi Deysel

Project Manager

B.Sc (Geophysics), B.Eng (Mining) and MBA with core skill in business planning and development

BOARD

Jac van Heerden

Managing Director

Mining Engineer with MBA and operations and project experience in South Africa, DRC and Zimbabwe

MANAGEMENT

Luvuyo Jafta

General Manager - Mining

B-Tech (Mine Engineering) with wealth of managerial and technical experience in resources companies

5

Peter O'Malley

Non-Executive Director

US-based investment finance executive with wide-ranging experience advising on M&A, debt/equity transactions and capital optimisation strategies in multiple jurisdictions

Tim Chapman

Non-Executive Director

Director of Corporate Broking at PAC with experience in financial services and capital markets

Simon Whyte

CFO & Company Secretary

CA with extensive experience in mining, commodities and logistics

Martin Bevenlander

Head of Geology & Exploration

BSc. Hon. (Geology) with mining experience across mining cycle from greenfield exploration to production