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Theta Gold Mines Limited (ASX:TGM) Quarterly Activities and Cashflow Report 31 March 2021
Quarterly Activities and Cashflow Report 31 March 2021Sydney, April 30, 2021 AEST (ABN Newswire) - Theta Gold Mines Limited ( OTCMKTS:TGMGF) is pleased to report on its activities for the period from 1 January to 31 March 2021. The company has progressed strongly during the early part of 2021, delivering key project milestones, funding, the first underground Mining Reserve (refer ASX announcement 8 April 2021) and first underground Prefeasibility Study (refer ASX announcement 13 April 2021). The team has delivered a Maiden Underground Prefeasibility Study ( PFS ) based on only 16% of Theta Gold s 4.5m oz Au underground gold resource, and incorporates only 3 out of the recorded 43 historical mines across the project area. ....
Theta Gold Mines Limited (ASX:TGM) (OTCMKTS:TGMGF) is pleased to announce its Maiden Underground Prefeasibility Study (PFS) for the Beta, Frankfort, and CDM mines, all of which form part of the Central Northern area and now collectively referred to as TGME Underground (UG) Project. ....
Theta Gold Mines Limited (ASX:TGM) Half Year Accounts 31 December 2020
Half Year Accounts 31 December 2020Sydney, Mar 15, 2021 AEST (ABN Newswire) - During the half year, Theta Gold Mines Limited ( OTCMKTS:TGMGF) appointed two highly experienced underground miners to head its South African management team. Mr Mitford Mundell was appointed as Chief Executive Officer - Africa and Mr Jacques du Triou as Chief Operating Officer. Both Mr Mundell and Mr du Triou have extensive experience in the mining sector in South Africa and have worked and consulted to some of Africa s largest mining companies including Harmony Gold, De Beers Mining Corporation, Namakwa Diamonds and Anglo American. ....
Theta Gold Mines Limited (ASX:TGM) Funds Raised to Support Mine Study and Development
Funds Raised to Support Mine Study and DevelopmentSydney, Mar 15, 2021 AEST (ABN Newswire) - Theta Gold Mines Limited ( OTCMKTS:TGMGF) is pleased to advise that the Company will issue a total of 15,027,819 fully paid ordinary shares at AUD0.275 per share, 11,391,455 shares pursuant to a share placement to sophisticated and professional investors to raise AUD3,132,650 before costs, and 3,636,364 shares on full conversion of a AUD1,000,000 cash advance. The funds raised from the share placement will be used for - a) Project expenditure (open-pit and underground), including permitting, underground mine prefeasibility study, reserve conversion, tailings infrastructure, etc ....
HIGHLIGHTS - Declare an underground Maiden Mining Reserve in Q1 2021 - PFS to focus on: o Maximise Gold Recovery with modern gold processing o Maximise Production Rates with modern mine planning - Metallurgical Results provide confidence for Underground PFS o Rietfontein - 94 % CIL Gold Recovery average from gold face samples o Beta - 91% CIL Gold Recovery initial sample o Vaalhoek - 91 % CIL Gold Recovery initial sample - Environmental Authorisation for MR83 open-pits approval pending POST QUARTER Q4 2020 - Investment in Aura, Jaggards & DigitalX-backed Bullion Asset Management To view the quarterly report, please visit: ....