Qala Shallows Project Update and 2027 Outlook
Key points
- Project fully funded to steady-state production with second drawdown of R236M
- Underground development of 1,150m completed by end of September 2026
- 1 West Decline access to historic 2 Level area, primary production from stoping scheduled from February 2027
Full summary
West Wits Mining Ltd (ASX: WWI) has provided an update on the Qala Shallows Gold Project in South Africa's Witwatersrand Basin. The project is fully funded to steady-state production, with the receipt of the second drawdown of R236M (~A$21M) from the Absa / Nedbank Senior Debt Facility. Underground development reached 1,150m by the end of September 2026, with the monthly advance rate increasing from 73m in July to 200m in September. The 1 West Decline has been holed into the historic 2 Level area, providing access to ore tonnes in unmined stopes. Surface infrastructure is 61% complete, with critical components on track for completion in Q3 2027. Key milestones remain on schedule, with commercial production targeted for Q4 2027 and a steady-state production rate of 70,000oz per annum in Q1 2029.
Guidance
Gold production forecast: 10,000oz - 15,000oz in 2027, 42,500oz in 2028, 70,000oz in 2029
Outlook
The company is on track to commence primary production from stoping in February 2027 and expects to reach a steady-state production rate of 70,000oz per annum in Q1 2029.
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