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Theta Gold Mines says underground mining reserve will be big value driver for shareholders

Theta Gold Mines Ltd's (ASX:TGM) (OTCMKTS:TGMGF) Bill Guy tells Proactive's Andrew Scott they're planning to accelerate their five-year, 160,000 ounces per annum South African production plan by bringing forward development of the underground Beta/Frankfort mines for early production. He says with the board approving a pre-feasibility study to upgrade more of Theta’s measured and indicated mineral resources, a maiden underground mining reserve will be estimated.

Quick facts: Theta Gold Mines Ltd

Price: 0.33 AUD

ASX:TGM
Market: ASX
Market Cap: $152.53 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.

on 29/10/20

2 min read