Articles On West Wits Mining (ASX:WWI)

In FY21 the ASX 200 returned over 20 per cent but the 100 best performing ASX stocks all gained over 390 per cent and made an average gain of 821 per cent. Stockhead has compiled a list (see below) of the 100 best performing ASX stocks base...

Summary The ASX 200 ended lower by 43.70 points or 0.60% at 7,298.50, led by losses in health care, energy, and banking stock. All sectoral indices, barring tech and materials, ended in red. The market sentiment was dented by concerns...

Summary The ASX 200 traded lower by 27.30 points or 0.37% at 7,314.90 by afternoon, led by energy and banking stocks. Nine out of 11 sectoral indices were trading in the red, barring tech and materials. CBA expects the Reserve Bank of...

The company is targeting gold in two premier regions, Witwatersrand in South Africa and the Pilbara in Australia.

The market giveth and the market taketh. Truer words have never been spoken with gold prices diving nearly US$100 in less than a day after the US Federal Reserve signalled higher inflation and that interest rates could rise twice by 2023. G...

Gold is re-starting its bull rally as two major obstacles — higher US Treasury yields and Bitcoin — fizzle. “Strong headwinds from parabolic Bitcoin and rising bond yields appear to have run their course,” Bloomberg Intelligence senior comm...

Gold’s rally ran out of puff this week, with the precious metal dropping about 2% below ~$1US1,870/oz at Thursday close. Kitco’s Jim Wyckoff calls it “routine profit taking”. “Importantly, the price uptrend in gold on the daily chart remain...

Over the past two months the gold price has turned a corner, up ~12.7% to a high of $US1898/oz. That’s a four month high, erasing almost all of 2021’s losses. The share prices of local gold stocks have responded in kind. Over the past month...

Are large Bitcoin investors moving back into precious metals? In a note to clients, JPMorgan said large institutional investors are dumping bitcoin in favour of gold, reversing a trend that’s played out over the last two quarters. “The bitc...

The recovery in the gold price from its early March lows — ~$1,670s to over $1,825 currently — was mostly driven by the decline in real interest rates and, more recently a poor US jobs report and increasing inflation. US core inflation in A...

“When you stop growing you start dying,” is a saying the ASX’s largest gold miners have apparently taken to heart. While hopefully remaining cognisant of the expensive, value-destroying deals which occurred when gold last peaked in the 2010...

Summary Magnetic Resources’ shares fell 3% after the company unveiled a capital raising program of AU$2.6 million. The shares were issued at a discount of 12% to the average closing price of the five prior days of trading. The funds w...

The gold price traditionally thrives on geopolitical drama. Heightened tensions in eastern Ukraine, the recent incident at an Iranian nuclear site, and news of an unofficial US delegation visiting Taiwan are recent reminders that 2021 will...

Gold continues to trend upwards on the back of US dollar’s ongoing weakness and concerns about inflation, so it’s unsurprising that the majority of gold plays on our watchlist have marked gains this week. The previous metal is currently tra...

The most intriguing big buy from a director last week came for forensic data company Nuix (ASX:NXL). Nuix was one of last year’s biggest IPOs and nearly doubled in the few weeks after its debut but then retreated in February after missing p...

The gold price may have languished slightly in 2021, but the number of gold IPOs certainly has not. Here’s what the newest ASX gold explorers are doing, where they are doing it, and why investors should care.   KINCORA COPPER (ASX:KCC) The...

Source: Number14, Shutterstock Summary ASX 200 is looking to pare some losses with a higher opening by 0.8 per cent or 55 points. The CBOE VIX index fell 5.45 per cent to 19.61, despite a fall in the US markets. Crude oil prices fell...

Source:Alf Manciagli, Shutterstock Summary DEFF has unconditionally dismissed all the appeals against WWI, re-instating its EA for Witwatersrand Basin Project. The company is now focused on securing the mining right. West Wits Min...

Stockhead’s Top 10 at 10, published at 10.15am each trading day, highlights the best (and worst) performing ASX small caps in morning trade using live data. It’s a short, sharp update to help frame the trading day by showing the biggest mov...

Strange to think that it is a year since the world was turned upside down when the World Health Organisation declared COVID-19 a worldwide pandemic in mid-March 2020. In the week that followed the price of gold tumbled nearly $US200 to $US1...

Source:ShutterstockProfessional, Shutterstock Summary Lefroy Exploration has been making the headlines since the last month. The stock has shot up by over 63 per cent to A$1.125. Digital Wine Ventures has signed a memorandum of unders...

Lefroy hits visible gold in follow-up drilling at ‘Burns’ gold-copper discovery West Wits says gold mining approval decision imminent OzAurum (gold), Aston (gold) and Podium (platinum, palladium) up on no news Here are the biggest small c...

A recent round of support for gold has seen the price consolidate above $US1,700 an ounce. However, with policy support from central banks, US stimulus and employment growth — underpinned by big infrastructure projects — you’d “expect gold...

Source:Robat,Shutterstock Summary Newcrest Mining is one of the heavyweights in the space having a market capitalisation of almost $20 billion. De Grey Mining is a relatively smaller gold miner which has surged over 26 per cent since...

Stockhead’s Top 10 at 10, published at 10.15am each trading day, highlights the best (and worst) performing ASX small caps in morning trade using live data. It’s a short, sharp update to help frame the trading day by showing the biggest mov...

Source: ITTIGallery ,Shutterstock Summary Metalstech’s share price has shot up by 45.8 per cent after the announcement of its commercialization strategy. Nanoveu released updates regarding its suite of antiviral protection technologie...

West Wits is approaching the anticipated granting of the mining right application and scheduled completion of the bankable feasibility study in Q2 2021 at the Witwatersrand Basin Project.

Summary Gold had a terrific 2020, with highest prices notched in August month backed by massive demand as investors flocked towards the safe-haven investment. The prices started to tumble at the end of 2020 due to investors’ shift into...

Summary Penny stocks can deliver multi-bagging returns to investors, primarily because they are undiscovered and high growth companies.  While there is a high probability of better returns, these companies are also highly-risky investm...

For goldies, 2020 was a year when good news was rewarded, and great news celebrated. The precious metal has gained about 22 per cent year-to-date despite treading water since mid-August. And there’s a strong chance 2021 will start off with...

Four of the eight target areas have been classified as ‘high priority’ and will be the focus of ground exploration planned for 2021. 

The company has also announced the resignation of Dr Andrew Tunks who was pivotal in growing the company’s mineral resource estimate during his tenure.

As a part of ongoing drilling, the company plans to drill 23 holes for 2,500 metres aimed at improving the confidence levels of areas targeted for early mining.

“We are confident that we will be able to bring the WBP into production relatively quickly given our plan for toll treatment at nearby facilities and easy access to the underground workings,” says MD.

The latest mineral resource update from South Africa gold hunter West Wits Mining (ASX: WWI) adds another 702,000oz to the project, bringing the total to 4.37 million ounces (Moz) at an average grade of 3.88 grams per tonne. West Wits Minin...

The mining right application and scoping study completion are pivotal to achieving the company’s goal of becoming a junior gold producer targeting more than 60,000 ounces gold per annum over a 15-year plus mine life.

The company believes the Heliborne Electromagnetic Survey over the Cecelia tenement will provide its geological team with important data to focus on drill target generation.

The capital raising wave shows no sign of crashing with August’s total coming in at $4.7bn. Once again resources companies raised more than any other sector — $163m of the $296m raised by companies with market capitalisations below $100m. F...

The sudden drop in spot gold prices and reintroduction of COVID-19 restrictions in New Zealand have hit the relevant ASX small caps this morning. After 100 days of being virus-free, four COVID-19 cases were detected in the country. New Zeal...

A quick wrap of the ASX’s key winners and losers on Thursday, July 30. Data is taken after the market closes at 4pm EST. Stocks highlighted in yellow made market-moving announcements during the day. Today 783 stocks rose, 532 declined and 7...

Stockhead’s Top 10 at 10 highlights the best (and worst) performing ASX small caps in morning trade. It’s a short, sharp update to help frame the trading day by showing the biggest movers in percentage terms. The market opens at 10am (easte...

A quick wrap of the ASX’s key winners and losers on Wednesday, July 15. Data is taken after the market closes at 4pm EST. Stocks highlighted in yellow made potentially market-moving announcements during the day. Today 987 stocks rose, 400 d...

A quick wrap of the key winners and losers on Tuesday, June 30. Data is taken after the market closes at 4pm EST. Stocks highlighted in yellow made market-moving announcements during the day. Today 908 stocks went up, 474 went down, and 731...

Work on the third-party scoping study and exploration activities to convert the exploration target into a JORC-compliant resource is progressing well.

Manhattan Corp (ASX:MHC) is celebrating a high-grade gold discovery at the newly acquired (but very old) Tibooburra project in NSW. Old time prospectors pulled about 60,000oz of gold out of this project area between 1881 and 1901. And despi...

Stockhead’s Top 10 at 10 highlights the best (and worst) performing ASX small caps in morning trade. It’s a short, sharp update to help frame the trading day by showing the biggest movers in percentage terms. The market opens at 10am (easte...

Eleven small caps were snared in the corporate cop’s enquiries into annual reports last year, leading it rather than the companies involved to inform the market about asset write downs. ASIC reviewed 2019 annual reports from 200 companies,...

West Wits Mining (ASX:WWI) has received nearly $600,000 from Wingfield Durban Deep as it completes the first tranche of its capital raise Last month, the company announced a US$1 million capital raise, worth AUD$1.49 million Funds from th...