Australia's West Wits Mining soars on mineral resource expansion at S.Africa project

West Wits Mining

03/12/2021 24:03

** Gold miner West Wits Mining  WWI.AX  rises as much as
35.5% to A$0.042, its biggest intraday pct jump since November
2015
    ** Says https://wcsecure.weblink.com.au/pdf/WWI/02461931.pdf
 mineral resources estimate of Witwatersrand Basin Project (WBP)
in South Africa now stands at 4.28 million ounces (MOz) of gold,
a 20% jump from previous estimate
    ** Moving into the 4MOz figure range at a robust grade of
4.58g/t gold confirms the vigorous nature of the gold resources
contained within WBP - WWI
    ** WWI hits highest since Oct. 27
    ** About 33.6 mln shares change hands, vs the 30-day average
of 5.1 mln shares
    ** WWI has underperformed the S&P/ASX 200 Materials
(Industry Group) sector  .AXMAJD  by 24.8 percentage points in
the past one month
    ** WWI down 55.4% this year as of last close

 (Reporting by Sameer Manekar in Bengaluru)
 ((Sameer.Manekar@thomsonreuters.com; Twitter: https://twitter.com/sameer_manekar))