West Wits cashes WA gold project, keeps upside play
West Wits Mining has sold its Mt Cecelia gold project in Western Australia to private explorer Aventine Resources, receiving $2 million in equity while retaining a 1% net smelter royalty and potential milestone payments. The deal allows West Wits to exit further funding obligations and redirect capital toward its flagship gold projects in South Africa's Witwatersrand Basin. Despite the divestment, West Wits maintains financial exposure to Mt Cecelia’s future success through royalties and discovery incentives.
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