West Wits Mining on Monday issued a drawdown notice for a first tranche of $12.5-million from a loan facility to advance the development of Qala Shallows, the promising project that is bringing gold mining back to within 15 km of the central business district of Johannesburg, the Golden City. The ASX-listed West Wits has satisfied all conditions precedent for the first tranche from Nebari Natural Resources Credit Fund II LP and the initial drawdown expected on Tuesday, November 18.
