West Wits Mining Ltd. has received US$12.5 million under the Nebari Natural Resources Credit fund facility and continues to make progress across its operations as it advances towards its first gold pour in March 2026.
The company said it is making strong progress across its underground operations, fleet and workforce expansion and site infrastructure at its flagship Qala Shallows Gold project, located within South Africa’s Witwatersrand Basin.
The US$12.5 million received from Nebari is the first drawdown under a facility of up to US$35 million. The funds will be used to advance underground development and surface infrastructure in Qala Shallows.
West Wits CEO Rudi Deysel said the company is executing its development plan for Qala Shallows.
“We’ve built strong operational momentum and a fully funded platform to achieve first gold pour in March 2026. Every milestone – from the first blast on the main decline to the commissioning of a new fleet – reinforces our progress toward establishing a sustainable, high-margin gold operation in the heart of the Witwatersrand Basin.
“Our strategy has always been clear: deliver safely, efficiently, and with discipline. The progress achieved this quarter demonstrates that our people, our partners, and our funding structure are fully aligned to make that vision a reality.”
West Wits is progressing on multiple fronts with its underground development. The company delivered its first underground ore to surface in mid-October and ore stockpiling is underway ahead of processing at Sibanye-Stillwater’s Ezulwini plant in March 2026. West Wits remains on track to deliver 30,000 tonnes of ore by March 2026.
A new underground fleet has been commissioned, including a 20-tonne dump truck and 10-tonne load-haul dump. West Wits has placed additional equipment orders to sustain its development schedule.
The company’s workforce also continues to grow, with 103 personnel currently employed and recruitment ongoing.
Staff numbers are expected to reach approximately 150 by March 2026, expanding to more than 1,000 personnel by its third year as the mine approaches full production capacity.
