Theta Gold Mines Ltd

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Theta Gold Mines Limited (TGM) is an Australian Securities Exchange listed company (ASX: TGM).

A giant goldfield

A giant goldfield in South Africa’s Eastern Goldfields is reawakening.

Theta Gold Mines Limited controls 74% of East Transvaal Goldfield, where South Africa’s gold mining industry began almost 130 years ago. And we’re bringing open pit mining to this large and historical underground mining goldfield.

The permitted gold plant is near the towns of Pilgrim’s Rest and Sabie in Mpumalanga Province, 370km northeast of Johannesburg. The tenements are held by Transvaal Gold Mining Estate Limited (TGME), South Africa first incorporate gold mining company, which was founded in 1895. The regional project is know as TGME Project in honour of it historical roots and importance to South Africa’s gold Industry. The local project Theta Hill Open Cut sits within the TGME Project. 

The TGME Project has more than 43 historical mines identified across the vast prospective goldfield of 620 km2. In the last 3 years the mineral resourc (JORC 2012) has double through systematic exploration. The Resource now stands at  44.7Mt @ 4.18 g/t Au for 6 Moz (including open-cut resources of 13.08Mt @ 3.12g/t Au for 1.3Moz). The mines consist of shallow, adit entry underground or potential open-cut gold

Global Resource increased to 6Moz Au (44.8Mt @ 4.18g/t Au):

  • 1.3Moz open cut resources (13.08Mt @ 3.12g/t Au)
  • 4.5Moz underground resources (26.3Mt @ 5.4g/t Au)

Latest resources announcement may be viewed/downloaded from below ASX link:


(click here for more information)

Last updated 27th November 2019

Mr Rob Thomson
Managing Director

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
Non-Executive Chairman

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.

Finn Behnken
Non-Executive Director

Finn Behnken was appointed a director of the company in December 2018.

Finn is a mining engineer and has South African mining operational experience as the CEO of Tshipi é Ntle Manganese Mining (Pty) Limited (during the construction and initial production phase of the major Tshipi Borwa Manganese Mine). Tshipi is currently 49% owned by ASX listed Jupiter Mines Ltd, a AUD240m IPO on the ASX in 2018. Prior to this Finn was an investment banker with South African based Nedbank and has served as non-executive director of various mining companies including, most recently, as a director of the then AIM listed Gemfields plc. Currently Finn is the South African representative of Auramet International, a US based precious metals merchant and mine financier. Finn is a resident of South Africa.

Mr Bill Richie Yang
Non-Executive Director

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
Non-Executive Director

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
Non-Executive Director

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 27th November 2019

Registered Office & Postal Address

Level 32, 101 Miller Street
North Sydney NSW 2060

Tel: +61 2 8912 2126
Email: [email protected]

Chin Haw Lim (Sydney, Australia)
CFO & Company Secretary

Tel:+61 2 8912 2126
Email: [email protected]

South African office

Transvaal Gold Mining Estates Limited
Pilgrim’s Rest, 1290
South Africa 0081

Tel: +27 013 768 1271
Email: [email protected]

George Jenkins (South Africa)

Theta Gold Mines, Australia
Level 32, 101 Miller Street
North Sydney NSW 2060

Tel: +61 2 8912 2126
Email: [email protected]


Last updated 27th November 2019