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THETA GOLD MINES LIMITED - Corporate Spotlight

Theta controls a 6.1Moz gold project in the countryside of South Africa, on cusp of... Theta controls a 6.1Moz gold project in the countryside of South Africa, on cusp of production with currently 580,000 @ 4g/t mining reserve. Theta plans to build a >160,000 ozpa gold production base over the next 5 years.More

Corporate Spotlight

Theta controls a 6.1Moz gold project in the countryside of South Africa, on cusp of production with currently 580,000 @ 4g/t mining reserve. Theta plans to build a >160,000 ozpa gold production base over the next 5 years.
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TGM TO RAISE $2.3M FOR TGME UNDERGROUND

TGM TO RAISE $2.3M FOR TGME UNDERGROUND

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Theta Gold Mines (ASX:TGM) to raise $2.3m for TGME Underground


ASX:TGM
03 August 2022 13:45 (AEST)

  • Theta Gold Mines (TGM) receives firm commitments to raise $2.3 million through a placement for its TGME Underground gold mine project in South Africa
  • The company will issue about 35.38 million new shares at 6.5 cents each, under its placement capacity
  • The money will be directed toward preliminary development and planning activities for the project
  • In addition, it will assist with securing project permit approvals, general working capital, corporate overheads, and bond interest and loan repayments

    Read the Full Article on The Market Herald here

TGM RAMPS UP ACTIVITIES IN JUNE QUARTER

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Theta Gold Mines (ASX:TGM) ramps up activities at TGME Underground in June quarter


ASX:TGM
01 August 2022 13:07 (AEST)

  • Theta Gold Mines (TGM) finishes the June quarter, making progress on its TGME Underground gold project in South Africa
  • The company have used US$748,000 for its operating activities, of which US$332,000 was directed towards exploration and evaluation
  • These funds have helped support the execution of the TGME Underground definitive feasibility study and the front-end engineering design (FEED) of the TGME gold plant
  • The company finished the period with US$21,000 in cash and cash equivalents but has US$10.34 million available from unused finance facilities

    Read the Full Article on The Market Herald here

TGM COMPLETES FEASIBILITY STUDY FOR TGME

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Theta Gold Mines (ASX:TGM) completes feasibility study for TGME


ASX:TGM
27 July 2022 16:57 (AEST)

  • Theta Gold Mines (TGM) completes a feasibility study for its Transvaal Gold Mining Estate (TGME) Underground Gold Mine Project near Johannesburg, South Africa
  • The study delivered a 6.46 million tonne resource at 5.95 grams per tonne (g/t) gold for 1.24 million ounces of contained gold
  • Theta says the study confirms a net present value of $432 million at US$1642 (A$2189) per ounce of gold
  • Chairman Bill Guy said the study markers a “significant milestone” for Theta

    Read the Full Article on The Market Herald here

TGM APPLIES TO COMMENCE MR83

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  • Theta Gold Mines (ASX:TGM) submits applications to commence MR83


    ASX:TGM   
  • 18 July 2022 12:19 (AEST)
    Source: Theta Gold Mines

    • Theta Gold Mines (TGM) submits the applications required to commence its MR83 underground project in South Africa
    • The company lodged the final Environmental Impact Assessment Report and Environmental Management Program as well as the final technical documents for the integrated water use license
    • The company is confident its proposed activities do not threaten the environment and expects to receive approvals for these applications in the fourth quarter
    • Theta is also expecting a decision in the third quarter for an Atmospheric Emissions License, which will enable operation of its processing plant

    Read the Full Article Here on The Market Herald here

ENTERS OPTION TO EXTEND MATURITY DATE

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Theta Gold (ASX:TGM) enters option to extend maturity date


ASX:TGM
Source: Theta Gold Mines [Twitter]

  • Theta Gold Mines (TGM) enters an agreement with 2Invest AG, giving it the option to extend its maturity date for the outstanding $6 million secured bond
  • The company said the bond will be extended a further 12 months
  • All other existing terms and conditions of the secured bond remain unchanged

    Read the Full Article on The Market Herald here

TGM ADVANCES PERMITTING FOR SA MINES

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Theta Gold Mines (ASX:TGM) advances permitting process for South African mines


ASX:TGM
Rietfontein mine Source: Theta Gold Mines

  • Theta Gold Mines (TGM) advances its permitting process after submitting a final scoping report for its South African mines
  • A total of 20 environmental studies have been completed to support the TGME Underground project, which comprises the Beta, Frankfort, CDM and Rietfontein mines
  • With approval from the South African Department of Mineral Resources and Energy for its final scoping report, Theta will move ahead with the environmental authorisation process
  • The company is now turning its attention to securing approval for the draft EIA report and environmental management program, which has been compiled for public comment

Read the Full Article on The Market Herald here

TGM ADVANCES FEASIBILITY STUDY

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Theta Gold Mines (ASX:TGM) advances feasibility study for TGME underground


ASX:TGM
Source: The Market Herald

  • Theta Gold Mines (TGM) completes 85 per cent of its feasibility study, after progressing key work streams at its TGME underground gold project in South Africa
  • The company made headway on block models, mine scheduling, geotechnical, ventilation, and engineering studies, and metallurgical test work
  • Metallurgical testing was completed across four mines, with a gold recovery rate of 89.5 per cent uncovered from ore samples at Rientfontin
  • The company is currently advancing plant design and underground tailing work and expects to complete the feasibility study within the second quarter

    Read the Full Article on The Market Herald here

TGM SEES NEW PROGRESS TO TRANSVAAL

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Theta Gold Mines (ASX:TGM) sees new progress to Transvaal Gold Mining Estates


ASX:TGM
TGME Plant at 70 per cent demolition. Source: Theta Gold Mines

  • Theta Gold Mines (TGM) reports new progress to the Transvaal Gold Mining Estates in South Africa
  • The company has taken steps with its underground gold project feasibility study, environmental approvals and preparation for plant construction
  • The company began a definitive feasibility study for the underground gold project in September 2021, which is currently sitting at 65 per cent completion
  • Meanwhile, the final scoping report for the environmental authorisation permitting process was submitted to the Department of Mineral Resources and Energy (DMRE) on February 3

    Read the Full Article on The Market Herald here

TGM TAKEOVER OFFER OF (ASX:FML) EXPIRES

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Theta Gold Mines’ (ASX:TGM) takeover offer of Focus Minerals (ASX:FML) expires


ASX:TGM
Theta senior management team on site at Adit#3- Reitfontein Mine. Source: Theta Gold

  • Theta Gold Mines’ (TGM) unsolicited takeover for certain shares in fellow ASX-lister Focus Minerals (FML) has expired and won’t be extended
  • The gold developer proposed to takeover all of Focus’ shares in December, claiming it was an “attractive” offer and the combined business would be a leader amongst its peers
  • Focus’ board recommended its shareholders reject the TGM offer even after Theta improved its offer and extended the offer period
  • Despite the offer being unconditional since mid-February, TGM received acceptances of 1.1 per cent of all Focus shares and its holding in Focus is now about 2.21 per cent

    Read the Full Article on The Market Herald here

TGM NO FURTHER EXTENSION OF OFFER

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Theta Gold Mines Limited (ASX:TGM) No Further Extension of TGM Offer - Closes 2 March 2022

Sydney, Feb 25, 2022 - (ABN Newswire) - Theta Gold Mines Limited (ASX:TGM) (FRA:3LM) (OTCMKTS:TGMGF) refers to its replacement bidder's statement dated 4 January 2022 (as supplemented from time to time) (Replacement Bidder's Statement) and its off-market takeover bid for all of the shares in Focus Minerals Ltd (ACN 005 470 799) (Focus) as at the Register Date stated in the Replacement Bidder's Statement. 


TGM's unconditional Offer is open for acceptance until 7.00pm (Sydney time) on Wednesday 2 March 2022. TGM confirms that it will not extend this date. 


The Offer currently implies a value of $0.3444 per Focus Share. This represents an attractive premium of 23% to the closing price of Focus Shares on ASX (of $0.28) on 24 February 2022. 


Focus Shareholders who wish to benefit from this premium should ACCEPT TGM's wholly unconditional Offer urgently, and in any event before 7.00pm (Sydney time) on 2 March 2022. 


As announced on 14 February 2022: 


- TGM has improved its Offer Consideration - accepting Focus Shareholders will receive 5 New TGM Shares for every 2 Focus Shares; and 


- this improved Offer Consideration is best and final and will not be increased (unless there is a competing proposal). 


Other reasons for Focus Shareholders to accept the Offer include: 


- The ability to exit a minority position in an illiquid company now overwhelmingly controlled by Shandong Gold - who, Focus has repeatedly said, may have interests that do not align with your own. 


- An ability to aggregate the minority voice in Focus in the face of such a large controlling shareholder. 


- An opportunity to gain exposure to TGM's prospective South African projects while maintaining an indirect minority interest in Focus. 


- Access to TGM's experienced management team that is motivated to perform and whose interests are closely aligned with those of its shareholders. 


The Offer will close at 7.00pm (Sydney time) on Wednesday 2 March 2022. It will not be extended by TGM.



WEB: No Further Extension of TGM Offer - Closes 2 March 2022



About Theta Gold Mines Limited

Theta Gold Mines Limited (ASX:TGM) (OTCMKTS:TGMGF)  is a gold development company that holds a range of prospective gold assets in a world-renowned South African gold mining region.  These assets include several surface and near-surface high-grade gold projects which provide cost advantages relative to other gold producers in the region.


Theta Gold Mines core project is located next to the historical gold mining town of Pilgrim's Rest, in Mpumalanga Province, some 370km northeast of Johannesburg by road or 95km north of Nelspruit (Capital City of Mpumalanga Province).  Following small scale production from 2011-2015, the Company is currently focussing on the construction of a new gold processing plant within its approved footprint at the TGME plant, and for the processing of the Theta Open Pit oxide gold ore. Nearby surface and underground mines and prospects are expected to be further evaluated in the future.


The Company aims to build a solid production platform to over 100Kozpa based primarily around shallow, open-cut or adit-entry hard rock mining sources.  Theta Gold Mines has access to over 43 historical mines and prospect areas that can be accessed and explored, with over 6.7Moz of historical production recorded.

TGM POSTS IMPROVED TAKEOVER BID FOR FML

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Theta Gold (ASX:TGM) posts improved takeover bid for Focus Minerals (ASX:FML)


ASX:TGM
Theta senior management team on site at Adit#3- Reitfontein Mine. Source: Theta Gold

  • Theta Gold (TGM) has lobbed an improved offer at Focus Minerals (FML) of 5 new TGM shares for every 2 Focus shares, a 40.4 per cent premium the closing price of Focus shares on February 11, 2022
  • TGM has also extended the offer period for its takeover bid so that its offer will remain open for acceptance until 7:00 pm (AEDT) on March 2, 2022
  • TGM certifies that this enhanced offer consideration is now the best and last offer and will not be raised until a competing proposal is received
  • However, Focus’s majority shareholder Shandong Gold has reaffirmed its previously stated intention that it intends to reject the TGM offer in its current form

    Read the Full Article on The Market Herald here

TGM OFFERS TO BUY FML

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Theta Gold Mines (ASX:TGM) offers to buy Focus Minerals (ASX:FML)


ASX:TGM
Theta Gold Mines (ASX:TGM) - Non Executive Chairman, Bill Guy
Non Executive Chairman, Bill Guy
Source: Theta Gold Mines

  • Theta Gold Mines (TGM) has made an off-market takeover offer to acquire all the shares on issue in Focus Minerals (FML)
  • TGM will offer 2 of its own shares for every 1 FML shares on issue, giving Focus an assumed value of 36 cents each
  • Theta has labelled the offer as “attractive” and explains the price is a 41.2 per cent discount to FML’s last closing price of 25.5 cents
  • The takeover bid comes as Shandong Gold has the opportunity to take a majority stake in Focus through a recently announced entitlement offer

    Read the Full Article on The Market Herald here

VIDEOS

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Theta Gold Mines (ASX:TGM) to raise $2.3m for TGME Underground



Theta Gold Mines (ASX:TGM) ramps up activities at TGME Underground in June quarter



Theta Gold Mines (ASX:TGM) announces TGEM project feasibility and development



Theta Gold (ASX:TGM) Well underway on the road to production



Theta gold provides an update for the Focus Minerals offer. Hear from Bill Guy on The Market Herald. 



Theta Gold Company Operations update with Bill Guy, January 2022



Theta Gold Mines Reveals Takeover Bid For Focus Minerals



Theta Gold Mines Board is Enhanced by the addition of Byron Dumpleton as Non-Executive Director.



Theta Gold Mines (ASX:TGM) raises $10.6m to advance SA gold project



CEO of Theta Gold Mines Limited Mitford Mundell Outlines the New Mining Plans for Theta Golds TGME project



CEO Of TGM Mitford Mundell Talks to TMH on Theta's Q1 Operations 



Investor Update with Bill Guy - March


US List - Updates with Theta Gold Chairman, Bill Guy  - July 2020



Investor Updates with Theta Gold Chairman, Bill Guy - July 2020



Investor Updates with Theta Gold Chairman, Bill Guy - 22nd May 2020



Video Interview with Peter Rose, Brandon Hilll Capital - 18th May 2020



Video Interview with Bill Guy, Chairman Theta Gold - April Updates 



The Market Herald Bulletin: Theta Gold Mines’ (ASX:TGM) ball mill arrives at South African project site - 23rd March. 2020



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