Presentation to Mines and Money Online Connect
Sydney, Jan 29, 2021 AEST (ABN Newswire) - Theta Gold Mines Limited (
ASX:TGM) (TGMGF:OTCMKTS) provide the presentation to Mines & Money Online Connect.
THETA CONTROLS THE EASTERN TRANSVAAL GOLD FIELDS (A very large yet almost unexplored gold province since WWII)
6Moz+ Group JORC Resources (43.7Mt @ 4.29g/t Au).
1.3 Moz open cut resources (13.08Mt @ 3.12g/t Au).
4.5 Moz underground resources (26.3Mt @ 5.4g/t Au).
Initial Ore Reserves declared for the Theta Project Starter-pits (within MR83 only) in May 2019: 205Koz (2.3Mt @ 2.76g/t Au).
6.7Moz+ Gold already produced since 1870s.
The No.1 gold discovery in South Africa before the Witwatersrand.
TGME (Theta's 74% owned subsidiary) is the very first gold mining company registered in South Africa in late 1800's.
Over 43 historical mines to be explored using modern day exploration technology.
Stage 1 Theta Starter-pits:
- Annual production planned for 600Ktpa, mine life of 6.5 years to recover a total of 234Koz gold
- 1.2Mtpa Ball Mill on site - easy to double up production for Stage 2 pit extensions.
- Low CapEx and very high margin operations.
- Current gold price environment will substantially enhance project economics.
To view the presentation, please visit:
https://abnnewswire.net/lnk/XAW57G81
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.
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