Australia's West Wits Mining hits 3-1/2-year high on loan to advance S.Africa project

West Wits Mining

08/09/2025 02:21

** Shares of West Wits Mining WWI.AX rise as much as 21.6% to A$0.045, their highest level since March 9, 2022

** Precious and base metals miner secures approval for initial $12.5 million loan facility from U.S. based investment manager Nebari Natural Resources Credit Fund II LP

** Says funds will be used to advance development of its Qala Shallows Gold Project in South Africa

** YTD stock up 221.4%, including current session's move

 (Reporting by Ananya Verma in Bengaluru)

 ((ananya.verma@thomsonreuters.com;))