Theta Gold Mines Limited advised that it has received two environmental licences for the TGME Underground Project, its gold asset in South Africa. The successful approvals mark another key step forward for the development of TGME Underground Project and leave the Company on track to achieve its target of full project permitting by First Quarter 2023. Theta Gold confirms receipt of an Atmospheric Emissions Licence from the South African Department of Forestry, Fisheries, and Environment (DFFE).

This licence is issued in accordance with section 41(1) the National Environmental Management: Air Quality Act, 2004 (Act 39 of 2004), and provides Theta Gold with the permitting approval to operate the gold processing plant. Secondly, a State Forest Licence has been issued to the Company in accordance with Sections 23 and 24 of the National Forests Act, 1998 (Act No 84 of 1998) for the Frankfort Mine. The issuing of this licence is outside the normal Department Mines Resource and Energy (DMRE) permitting process, but was required in this instance as the forestry company is also the landowner at Frankfort Mine.

The successful approvals are the by-product of an extensive period of engagement with domestic regulators, which required the company to satisfy a broad range of criteria to meet the standards set out by government departments at the federal level. In light of its latest round of successful licence applications, the Company continues to advance the long-term environmental approvals process for MR83 following the release of its Definitive Feasibility Study earlier this year.