Wits Gold Limited is an active gold exploration company with substantial mineral resources in the world’s premier gold province, the Witwatersrand Basin in South Africa.
 Interior of Wits Gold’s new core storage and sampling facility near Potchefstroom. Some 526 km of historic drill core from 203 boreholes has now been transferred to this core yard. Core generated from the Company’s active drilling programmes are now also stored here after being processed.
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Why Invest in Wits Gold?
- Sixth largest gold resource in the world
- Exposure to gold and uranium
- Evaluating six near mine projects
- Indicated resources of 19.4 Moz gold (Canadian NI43-101 compliant)
- Inferred resources of 130.4 Moz of gold in the Southern Free State, Potchefstroom and Klerksdorp Goldfields (Canadian NI43-101 compliant). Additional in-fill drilling in progress to further improve the classification of these resources
- Positive scoping study of Bloemhoek Project (11.3 Moz indicated resources) – pre-feasibility study has commenced
- Cash resources of R149 million (US$ 19.0m) as at 30 June 2008
- Management team with +50 years experience in the Wits Basin
- Upside uranium potential (Canadian NI43-101 compliant inferred resources of 54.3 Mlb U3O8) in the Southern Free State Goldfield.
Why South Africa?
- World’s largest gold producer for over 100 years. One third of all the gold ever produced in the world has come from the Wits Basin.
- Established deep level mining skills and infrastructure
- Mining-friendly legislation
- Politically stable
- Largest economy in Africa
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JSE SENS Department: