Wits Basin Precious Minerals Inc.

Wits Basin Precious Minerals Inc. provides the following updates from China Global Mining Resources (BVI) Limited: 1. Beginning photo and current photo at the Xiaonanshan Iron Ore Mine demonstrating consolidation of three pits into one pit. 2. Significant update of information regarding the newly issued mining license.

Wits Basin Precious Minerals Inc. provides the following updates from China Global Mining Resources: 1. Production and sales at the Xiaonanshan Iron Ore Mine. 2. Additional updates of information after Chinese New Year. Production and Sales. Residual raw iron ore production as a result of the rehabilitation program being conducted at XNS was 121,207 tonnes in December 2013 compared to 73,260 tonnes in November 2013.

Residual raw iron ore production as a result of the rehabilitation program being conducted at XNS was 73,260 tonnes in November 2013 compared to 60,190 tonnes in October 2013. This represents an increase of 13,070 tonnes or 21.7% and is more than 50% higher than the forecast of 40,000 tonnes. XNS as a result sold 20,932 tonnes of 62%+ Fe concentrate in November 2013 compared to 17,197 tonnes in October 2013. With a [...]

Wits Basin provides the following updates from China Global Mining Resources (BVI) Limited: 1. Production and sales at the Xiaonanshan Iron Ore Mine. 2. Cancellation of the existing management fee agreement and reduction in the operator’s fee charged by Anhui Zhonghai Mining and Trading Company after completion of the mine safety and rehabilitation program. ...

Wits Basin Precious Minerals provides a report on the following items: 1. Resumption of revenues during the Mine Safety Rehabilitation Operation. 2. Stakeholder Value Realization Plan. We are delighted to report that the Mine Safety Rehabilitation Operation at the Xiaonanshan Mine, conducted by our partner, Anhui Zhonghai Mining and Trading Company, is expected to be completed by the end of Q2 2014. This will allow [...]

Wits Basin Precious Minerals is pleased to announce that the contractor for the Xiaonanshan Mine, “The Anhui Zhonghai Mining and Trading Company”, has provided Wits Basins’ engineering team with projected production output for the next six quarters. These projections include the Xiaonanshan Mine plus a new iron ore property called the “Jianshan Property.” After reviewing these projections, the engineers have agreed [...]

Wits Basin Precious Minerals is pleased to announce that through the efforts of “The Anhui Zhonghai Mining and Trading Company”, whom Wits Basin has contracted with, that the Xiaonanshan Mine, located in Anhui Provence of The Peoples Republic of China, has been reopened. Wits Basin owns a 75% equity interest in China Global Mining Resources (BVI) Limited, which owns the Xiaonanshan Mine. This development puts the [...]