West Wits Mining's (ASX:WWI) West Wits MLI subsidiary secured a new prospecting right adjacent to its existing mining right at the Witwatersrand Basin project in South Africa, according to a Monday filing with the Australian bourse.
The company commissioned geological consultants to undertake a review and remodeling of the existing Kimberley Reefs mineral resource, which will encompass geological data available on the recently granted prospecting right, the filing said.
Shares rose 6% in morning trade on Monday.