West Wits Mining Ltd chairman Michael Quinert talked with Proactive about the company securing funding of up to 50 million U.S. dollars through a senior syndicated loan facility. This funding is earmarked to support the development of the Qala Shallows Gold Project in South Africa.
Quinert explained how the financing would enable West Wits to transition from planning to implementation. "We’ve now moved from the planning phase into actual implementation," he said, underlining that mobilisation efforts are already well underway. The company appears to be progressing quickly on-site, marking a major milestone in the project's development.
He noted that this funding deal closes the financing gap, giving the company a clear runway to execute its plans. Quinert also gave insights into the upcoming activities, pointing to the next 2–3 weeks as a key period where further progress is expected. These developments are expected to provide investors with greater visibility and confidence in the trajectory of the Qala Shallows Gold Project.
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