Proactive Investors - Run By Investors For Investors

Theta Gold Mines to outline South African gold strategy at Proactive CEO Session

The company has near-term catalysts including an upgraded resource statement and a feasibility study.
Photo of Bill Guy
Chairman Bill Guy will present to investors at the CEO Session in Sydney next Monday

Theta Gold Mines Ltd (ASX:TGM) is set to play an important role in reinvigorating South Africa’s ailing gold industry and this will be outlined to investors at the Proactive CEO Session in Sydney next week.

With the company having just returned from the Investing in African Mining Indaba in Cape Town, chairman Bill Guy will present at the Sydney CEO Session on Monday, February 18.

Resource and reserve statement imminent

The company is focused on the historical TGME gold mining area around the town of Pilgrims Rest northeast of Johannesburg and has a resource and reserve statement imminent.

This statement is expected to add to the 5.8 million-ounce gold resource at TGME.

READ: Theta Gold Mines on track to complete Theta Hill feasibility study

It will also form part of a feasibility study for the Theta Hill project, which is intended to be the first producing mine in the broader TGME project.

The fully-funded study is due for completion later this quarter.

CIL plant being refurbished

Theta Gold Mines is also focused on refurbishing the existing TGME CIL plant with the intention of resuming production.

This plant is just 1.5 kilometres downhill from the Theta Hill project and within easy access of other potential mining operations at TGME.

Positive scoping study

A scoping study for Theta Hill released in mid-October 2018 delivered a positive result for the shallow, high-grade resource which features 4.5 million tonnes grading 4.14 g/t gold for 600,000 ounces.

The study models a 7.6-year, 67,000-ounce-a-year mine operation where 92% of ore is recovered.

Theta Hill mine would take about 10 months to build and 7.4 months to pay back initial capital costs.

READ: Theta Gold Mines high-grade hits likely to boost 5.8 million-ounce TGME gold resource

Exploration is ongoing at TGME and impressive results have recently been returned from drilling at the Theta Hill, Columbia Hill and Scammells deposits.

The Theta Hill scoping study affirmed the belief that historical mines on the 620 square kilometre goldfield could have open-cut oxide gold fundamentals.

Register for the CEO Sessions today to find out more.

Sydney details, Monday, February 18, 2019

Melbourne details, Tuesday, February 19, 2019

TGM will only present in Sydney while Anatara Lifesciences Ltd (ASX:ANR) is on the Melbourne program. Featuring at both sessions will be AdAlta Ltd (ASX:1AD), Argonaut Resources NL (ASX:ARE), Kazia Therapeutics Ltd (ASX:KZA) and Peninsula Energy Ltd (ASX:PEN).

View full . profile View Profile

Proactive Investors Australia Timeline

Related Articles

March 22 2019
The healthcare-focused advisory group boasts good levels of forward bookings thanks to several new business wins at the beginning of 2019
Bloomsbury Publishing
March 19 2019
Peel Hunt expects “superior returns" from the firm’s investment in digital capacity
January 30 2019
“With the geopolitical landscape remaining in flux, clients are looking for greater certainty from their marketing programmes which our agencies and data businesses are proving able to provide"

© Proactive Investors 2019

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use