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Theta Gold Mines directors step-up and buy company shares on-market

Theta is developing its Starter Theta Gold Project in South Africa and is focused on processing plant construction.

Theta Gold Mines Ltd - Theta Gold Mines directors step-up and buy company shares on-market

Theta Gold Mines Ltd (ASX:TGM) has had two of its board members buy shares in the company through on-market trades.

Non-executive chairman Charles (Bill) Guy purchased 98,333 shares for $19,888 increasing his total holding to 893,923 shares.

Additionally, non-executive director Richie Yang purchased 95,000 shares for $18,560 increasing his total holding to 1.61 million shares.

Developing a starter gold mine in South Africa

Theta continues to focus on the construction of a new gold processing plant for processing the Theta Open Pit oxide gold ore.

Recently, the 2.5-megawatt ball mill purchased in October 2019 arrived on site at the Starter Theta Project in South Africa.

The mill was placed on the permitted mine site, ready for future installation.

The new mill has been incorporated into the revised and optimised plant design and offers the project flexibility to easily expand production up to 1.2 million tonnes per annum should the project grow.

 

Quick facts: Theta Gold Mines Ltd

Price: 0.22 AUD

ASX:TGM
Market: ASX
Market Cap: $97.16 m
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Theta Gold Mines advancing development of its flagship gold project in South...

Theta Gold Mines Ltd's (ASX:TGM) Bill Guy updates Proactive's Andrew Scott on development work at its flagship project in South Africa. A 2.5 megawatt ball mill purchased in October 2019 has recently arrived on site. Guy says the official start of construction and mining will be a big...

on 16/4/20

2 min read