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Theta Gold Mines’ name change reflects focus on first gold at South African open cut project

Theta Gold Mines Ltd (ASX:TGM) non-executive chairman Bill Guy and other directors and senior management speak to Proactive Investors from site in South Africa about the company’s recent name change and its drive towards gold production at its Theta Hill Open Cut Project in South Africa. The company was previously known as Stonewall Resources (ASX:SWJ).

“The near-term focus is to convert this large resource into a reserve,” says Guy.

He continues, “in the New Year we will have an exploration update which will be part of the Columbia Hill-Theta Hill drilling update; essentially then we’ll move through to reserve statements and feasibility study completion.”

“That process has already been funded, so then the next phase will be permitting, more drilling and upgrading the plant and getting it operational.”

Quick facts: Theta Gold Mines Ltd

Price: 0.305 AUD

ASX:TGM
Market: ASX
Market Cap: $140.34 m
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Theta Gold Mines' Bill Guy says expedited permitting process for open pit is...

Theta Gold Mines Ltd's (ASX:TGM) Bill Guy speaks to Proactive's Andrew Scott after receiving an indication of support from South Africa's Department of Mineral Resources and Energy (DMRE) for its application to amend Mining Right 83 to also permit open pit mining at the Theta Gold Project.

4 weeks, 2 days ago

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