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    TGM   AU0000035701

THETA GOLD MINES LIMITED

(TGM)
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Theta Gold Mines Limited Updates on Permitting of the TGME Underground Project

10/24/2021 | 06:37pm EST

Theta Gold Mines Limited provided an update on permitting of the TGME underground project. This follows recent updates detailing the Company's progress with the TGME project's trial mining, definitive feasibility study and sampling programme. It has come to Theta's attention via the SA Government Gazette that the Minister of Forestry, Fisheries and the Environment ("DFFE") has declared a forest nature reserve over, amongst other areas, part of Portion 3 of the farm Morgenzon 525KT and Portion 1 and a part of the remaining extent of the farm Peach Tree 544KT. As a result, approximately 607 hectares of some 62,000 hectares in tenement areas held by Theta are potentially affected, comprising close to 20% of the potential resource base and the first phase of underground mining. Theta is consulting with the Department of Mineral Resources and Energy and DFFE to facilitate a mutually beneficially way forward for continuation of mining activities.


ę S&P Capital IQ 2021
All news about THETA GOLD MINES LIMITED
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01/12THETA GOLD MINES : Incorporation of Rietfontein Mine into TGME Underground DFS
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01/12THETA GOLD MINES : OTCQB Certification
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Financials (USD)
Sales 2021 - - -
Net income 2021 -4,37 M - -
Net Debt 2021 7,14 M - -
P/E ratio 2021 -24,6x
Yield 2021 -
Capitalization 60,4 M 60,6 M -
EV / Sales 2020 -
EV / Sales 2021 -
Nbr of Employees -
Free-Float 49,8%
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Managers and Directors
George Jenkins Chief Executive Officer
Charles William Guy Executive Chairman
Johan Fourie Manager-Group Compliance
Yang Liu Non-Executive Director
Bill Richie Yang Non-Executive Director
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