Theta Gold Mines Limited

TGM

AU0000035701

Gold

Market Closed - Australian S.E. Other stock markets 01:55:18 2024-04-26 am EDT			5-day change	1st Jan Change
0.16 ^AUD	0.00%		+3.23%	+39.13%

Mar. 27	Theta Gold Mines Taps PowerChina for Test Work at South African Tailings Dam	MT
Mar. 15	Theta Gold Mines Limited Reports Earnings Results for the Half Year Ended December 31, 2023	CI

Theta Gold Mines Limited (ASX:TGM) Quarterly Activities Report

January 30, 2024 at 10:07 pm EST

Sydney, Australia, Jan 31, 2024 - (ABN Newswire) - Theta Gold Mines Limited (ASX:TGM) (HAM:3LM) (OTCMKTS:TGMGF) is pleased to report on its activities for the quarter ended 31 December 2023.

HIGHLIGHTS

DURING THE DECEMBER 2023 QUARTER:

- 2200 tons of fresh ore mined, and 2120 tons of historical mine sweepings extracted.

- Final Environmental Authorisation (EA) received for Mining Right 83 from the Department of Mineral Resource and Energy (DMRE) of South Africa (Subject to 90-day review ).

- The Company continues to progress the due diligence process for the A$110 million (US$70 million) non-binding Term Sheet ("TGME Stream") signed with Sprott Streaming and Royalty Corporation ("Sprott Streaming").

*To view the full quarterly report, please visit:
https://abnnewswire.net/lnk/LU714670

About Theta Gold Mines Limited:

Theta Gold Mines Limited (ASX:TGM) (OTCMKTS:TGMGF) is a gold development company that holds a range of prospective gold assets in a world-renowned South African gold mining region. These assets include several surface and near-surface high-grade gold projects which provide cost advantages relative to other gold producers in the region.

Theta Gold Mines core project is located next to the historical gold mining town of Pilgrim's Rest, in Mpumalanga Province, some 370km northeast of Johannesburg by road or 95km north of Nelspruit (Capital City of Mpumalanga Province). Following small scale production from 2011-2015, the Company is currently focussing on the construction of a new gold processing plant within its approved footprint at the TGME plant, and for the processing of the Theta Open Pit oxide gold ore. Nearby surface and underground mines and prospects are expected to be further evaluated in the future.

The Company aims to build a solid production platform to over 100Kozpa based primarily around shallow, open-cut or adit-entry hard rock mining sources. Theta Gold Mines has access to over 43 historical mines and prospect areas that can be accessed and explored, with over 6.7Moz of historical production recorded.

Contact:

Bill Guy, Chairman
Theta Gold Mines Limited
T: + 61 2 8046 7584
E: billg@thetagoldmines.com

Latest news about Theta Gold Mines Limited

Theta Gold Mines Taps PowerChina for Test Work at South African Tailings Dam	Mar. 27	MT
Theta Gold Mines Limited Reports Earnings Results for the Half Year Ended December 31, 2023	Mar. 15	CI
Theta Gold Mines Secures Rights for South African Mines	Mar. 13	MT
Theta Gold Taps PowerChina's Subsidiary as Key EPC Partner for TGME Gold Plant, TSF Facilities; Shares Decline 14%	Feb. 13	MT
Theta Gold Mines Issues New Performance Options to Employees	Dec. 17	MT
Theta Gold Mines Limited Reports Earnings Results for the Full Year Ended June 30, 2023	23-09-29	CI
Theta Gold Mines Begins Drill, Blast Activities at Frankfort Mine; Shares Surge 22%	23-07-19	MT
Theta Gold Mines Raises AU$5 Million Via Private Placement	23-07-04	MT
Theta Gold Mines Advances Environmental Permit of South African Gold Project	23-06-14	MT
Simon Liu Resigns from Theta Gold Mines Limited as Non-Executive Director	23-05-14	CI
Theta Gold Mines Secures Water Use License for TGME Project in South Africa	23-04-11	MT
Theta Gold Mines Limited announced that it has received AUD 5 million in funding from Deutsche Balaton AG	23-04-02	CI
Theta Gold Mines Limited Reports Earnings Results for the Half Year Ended December 31, 2022	23-03-14	CI
Theta Gold Mines Limited Reports Earnings Results for the Half Year Ended December 31, 2022	23-03-14	CI
Theta Gold Mines Closes Share Purchase Plan	22-11-30	MT
Theta Gold Mines Raises $1.1 Million From Private Placement	22-10-27	MT
Sprott Resource to Advance $70 Million on Theta's Gold Project in South Africa	22-10-19	MT
Theta Gold Mines Limited Reports Earnings Results for the Full Year Ended June 30, 2022	22-10-02	CI
Theta Gold Mines Limited Auditor Raises 'Going Concern' Doubt	22-10-01	CI
Theta Gold Mines Secures Two Licenses for Development of South African Gold Mine	22-09-05	MT
Theta Gold Mines Limited Receives Two Environmental Licences for the TGME Underground Project	22-09-05	CI
Theta Gold Mines Limited Announces Resignation of Finn Behnken as Non-Executive Director	22-08-14	CI
Theta Gold Mines Limited Underground Mine Feasibility Study Information Booklet	22-07-27	CI
Theta Gold Mines Limited Advises Permitting Update on Tgme Underground Gold Project	22-07-17	CI
Theta Gold Mines Completes Engineering Design of TGME Project in South Africa	22-06-21	MT

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Company Profile

Theta Gold Mines Limited is an Australia-based gold exploration and development company. The Company holds a range of prospective gold assets through its subsidiary, Transvaal Gold Mining Estate Ltd (TGME), in a South African gold mining region. TGME Project phase one consists of four existing mines, including Beta, Frankfort, CDM and the Rietfontein mine. The Project is located next to the historical gold mining town of Pilgrimâs Rest, in the Mpumalanga Province, some 370km northeast of Johannesburg or 95km north of Nelspruit (the Provincial Capital City) and includes more than 43 historical mines identified across the prospective gold field of 620 square kilometers (62,000 hectares). Beta Mine is a producing mine in the Pilgrimâs Rest area. Rietfontein quartz reef is near vertical, sitting in a 16 km long structure which has been mined and partly drilled over 3.5km. The Glynns Mine is located near the town of Sabie in northeast South Africa. Its subsidiary is Theta Gold SA (Pty) Ltd.

Sector

Gold

Calendar

2024-09-26 - Q4 2024 Earnings Release (Projected)

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