Big Picture – A Deep Dive Examination of Theta Gold Mines Ltd
Theta Gold Mines Ltd Snapshot
Stonewall Resources is an Australian public company listed on the ASX (ASX code: SWJ, SWJO). It was listed on the ASX through a reverse takeover listing of Meridien Resources in 2012.
The TGME project is within the Sabie-Pilgrim’s Rest goldfield, 300km northeast of the Witwatersrand Basin. Gold mineralisation is developed within sedimentary rocks of the Transvaal supergroup.
Lucky Draw Project
Stonewall controls the Lucky Draw gold project near the township of Burraga in New South Wales, 150km west of Sydney. Of particular interest is the tailings dam from the Lucky Draw gold mine that ceased operations in 1991.
The company is renewing the exploration licence with the NSW Resources and Energy Department.
A preliminary feasibility study is under way at TGME to include both Rietfontein and Beta Mines. As with any preliminary study, there are both upside and downside risks as the mine advances towards the completion of a definitive feasibility study and a final investment decision early in 2018.
Resources & Exploration Potential
The latest JORC compliant mineral resource statement was issued on 7 February 2017. Please refer to the announcement, which is summarised in the table below.
Total group resources of 28.7Mt @ 3.7g/t of gold for 3.42Moz have been declared.
Last updated 4th December 2018
Mr Rob Thomson
Rob Thomson, who was appointed as our managing director in November 2016, has previously had key roles in taking 8 exploration projects through to mining operations. These include Finder’s Wetar 28,000tpa copper cathode project in Indonesia, Kingsgate’s 125,000+ ozpa Chatree open-cut gold mine in Thailand, Oxiana’s 125,000+ ozpa Sepon open-cut CIL gold mine in Laos, and Climax Mining’s Didipio 150,000+ oz ( gold equivalent) gold/copper project in the Philippines.
Rob holds a Bachelor of Engineering from the University of Queensland and a Master in Business Administration from the University of Wollongong. He is a Fellow of the Australasian Institute of Mining and Metallurgy. Rob started his career in underground gold mining in Southern Africa more than a few decades ago and went on to successful roles as CEO; executive director and director (ASX, AIM and TSX.V) and field roles building and establishing mines as general manager and project director, with local and international mining companies.
He is now focused on bringing our fully permitted near-surface South African JORC resource of 3.4Moz into production and ramping it up to a 100,000oz a year operation.
Mr Bill Guy
Bill Guy was appointed as a director of the company in March 2018.
Bill has over 25 years’ experience in exploration and resource development in Asia, Australia and Europe. Bill recently was the Managing Director of Longford Resources Limited (ASX: LFR) and previously served as Exploration Manager of Jupiter Mines Limited. At Jupiter Mines, he developed exploration protocols that enabled the projects to progress from grass roots to a viable resource. As MD of Longford Resources, he progressed the Keel zinc project in Ireland to it first JORC Resource within just a few months of securing an option over the project.
Mr Bill Richie Yang
Richie Yang is an experienced company director, working primarily in the mining resources sector. He has more than 10 years of corporate finance experience working with public and private companies, assisting them with capital raising and corporate structures.
Richie previously held executive positions for various public companies developing iron ore and gold assets where he successfully managed in-house teams and external contractors in completing scoping and feasibility studies for various Australian mining projects.
Richie holds a Bachelor degree from the University of New South Wales majoring in business economics and finance.
He currently holds a non-executive director position with ASX-listed gold company Bligh Resources.
Mr Simon Liu
Simon Liu is a founding partner and president of Hanhong Private Equity Investment Company. He has been a director of our South African registered wholly owned subsidiary Stonewall Mining for the past 18 months and is well acquainted with Stonewall’s operations.
Simon graduated from the School of Journalism and Communication at Renmin University in China. He has more than 20 years of experience in the marketing and consulting industry. He is also highly acknowledged for his skills in petroleum and mining investment projects, having more than 8 years of management experience.
Mr Brett Tang
Brett holds a Bachelor of Law degree from the University of Soochow, China and an Executive MBA from the University of Nanjing. He is a qualified lawyer in China and is also registered as a Fund Manager with the Asset Management Association of China (AMAC).
Brett is a professional investor and fund manager, experienced in and been successful in mining and mining investments. From 2007-2013, he was Executive Director at Yunnan Gold Mountain Ltd, a joint venture company with a Chinese mining state-owned enterprise. The company grew to a 20,000oz per annum gold producer from horizontal adit-entry type mines. Between 2013 and 2015 he was a Director of Ao-zhong Mining Pty Ltd, an investment and operating arm of East China Non-Ferrous Exploration Corporation, a Chinese specialised mining and exploration corporation with a history of mining investments in Australia. Brett is now a director at Tasman Funds Management, Stonewall’s largest shareholder. He is also a director and founding partner of China Nanjing Venture Capital Ltd, a China-based VC Fund.
Last updated 4th December 2018
Level 18, 111 Pacific Hwy
North Sydney NSW 2060
Tel: +61 2 9460 2021
Level 18, 111 Pacific Highway
North Sydney NSW 2065
Email: [email protected]
South African office
Farm Grootfontein 562KT
Pilgrim’s Rest, 1290
South Africa 0081
Tel: +27 013 768 1271
Email: [email protected]