West Wits Mining Ltd (ASX:WWI) chairman Michael Quinert spoke with Proactive’s Tylah Tully about securing a credit approval term sheet for a senior debt syndicated loan facility of up to ZAR 902.5 million (about US$50 million). He highlighted that this funding, backed by two of South Africa’s leading financial institutions, was a critical step forward for the company. The funds will support the Qala Shallows Gold Project, part of the larger Witwatersrand Basin Project. Quinert noted that Qala Shallows had a five-million-ounce resource, with initial production targeting one million ounces over a 17.9-year mine life. “This has been the challenge for the last 12 to 18 months — can we secure institutional-grade backing for this project? Now that we have, it gives us a strong platform to move forward,” Quinert said. With the senior debt facility secured, West Wits Mining now focuses on finalising the remaining equity funding component. Quinert remains optimistic, citing the strong gold price environment and the validation from institutional lenders as key drivers for the company’s next steps. #WestWitsMining #ASXWWI #GoldMining #MiningNews #QalaShallows #GoldStocks #Investing #Witwatersrand #Funding #ProactiveInvestors