Australia's West Wits Mining falls most in 3 weeks after share purchase deal termination

West Wits Mining

02/09/2022 05:10

** Shares of precious and base metals explorer West Wits
Mining  WWI.AX  fall as much as 10.5%to A$0.017, eyeing their
worst session since Aug. 11
    ** WWI says share purchase agreement with Lilitha Resources
to acquire its 10% interest in West Wits Mining SA (Pty) Ltd has
been terminated  urn:newsml:reuters.com:*:nASX98mPZQ
    * Lilitha issued termination notice following expiration of
deadline of approval of transaction by South African
authorities, says co
    ** West Wits' indirect ownership of the Witwatersrand Basin
Project remains at 66.6%- co
    ** Shares hit their lowest since Aug. 24
    ** Stock down ~42.4% this year, as of last close

 (Reporting by Anan Ashraf in Bengaluru)
 ((Anan.Ashraf@thomsonreuters.com;))