On behalf of the Board of Theta Gold Mines Ltd. , I would like to provide an update on the recent funding transactions. Over $10 million funding led by a reputable German investment consortium has been secured, where $6 million funding was via the issuance of a secured bond with no dilution to Theta's shareholders. This is very exciting as the [...]
Theta Gold Mines Ltd. is pleased to provide an update on the development work that is planned to commence at the TGME Underground Project over the second half calendar year of 2021. The work program largely comprises the upgrading of the Maiden Underground Prefeasibility Study to a Definitive Feasibility Study and commencement of trial mining [...]
Theta Gold Mines Ltd. is pleased to report on its activities for the period from 1 April to 30 June 2021. HIGHLIGHTS POST QUARTER - JULY 2021 - Appointed Mr Heath Roberts as Company Secretary and Mr Phillip Rankin as Acting Chief Financial Officer with effect from 1 July 2021 - AU$9.1 million funding secured through an AU$6 million secured bond [...]
Theta Gold Mines Ltd. is pleased to advise that it has successfully secured a secured bond and equity funding for a total of A$10.6 million. The funds will be applied towards advancing the TGME gold project's environmental and water studies/approvals, early trial mining & bulk sampling programs, and to progress the Beta/Frankfurt/CDM mines' DFS and [...]
Theta Gold Mines Ltd. is pleased to provide an update on the development work at the TGME Underground Project following the release of the Maiden Underground Prefeasibility Study and Maiden Underground Mining Reserve last quarter. The team onsite has been busy completing gravity surveys, mine surveys of historical mines that are as yet not included [...]
Theta Gold Mines Ltd. is pleased to report on its activities for the period from 1 January to 31 March 2021. The company has progressed strongly during the early part of 2021, delivering key project milestones, funding, the first underground Mining Reserve and first underground Prefeasibility Study . The team has delivered a Maiden Underground [...]
Theta Gold Mines Ltd. controls the Eastern Transvaal Gold Fields, where South Africa's gold mining industry began almost 130 years ago. Theta's assets includes: - over 62,000 hectares of gold mining rights which covers the majority of the Eastern Transvaal Gold Fields approximately 350km East of Johannesburg; - over 6Moz of a combination of [...]
Theta Gold Mines Ltd. is pleased to announce its Maiden Underground Prefeasibility Study for the Beta, Frankfort, and CDM mines, all of which form part of the Central Northern area and now collectively referred to as TGME Underground Project. HIGHLIGHTS: TGME Phase 1 Underground Project, which excludes the open pits. All numbers in USD and [...]
Theta Gold Mines Ltd. is pleased to announce its Maiden Underground Mining Reserve of 419,000 oz gold . In total, the global Mining Reserve is now 580,000 oz gold . The global Mineral Resource remains over 6 Moz . The Maiden Underground Mining Reserve of 419koz is a result of a Prefeasibility Study for Beta, Frankfort and CDM mines. All mines are [...]
Theta Gold Mines Ltd. is pleased to advise that the Company has entered into an At-The-Market Subscription Agreement with Acuity Capital. The ATM provides the Company with up to $15 million of standby equity capital with the expiry of the ATM being 31 July 2023. Under the ATM, the Company retains full control of all aspects of the subscription [...]
During the half year, Theta Gold Mines Ltd. appointed two highly experienced underground miners to head its South African management team. Mr Mitford Mundell was appointed as Chief Executive Officer - Africa and Mr Jacques du Triou as Chief Operating Officer. Both Mr Mundell and Mr du Triou have extensive experience in the mining sector in South [...]
Theta Gold Mines Ltd. is pleased to advise that the Company will issue a total of 15,027,819 fully paid ordinary shares at $0.275 per share, 11,391,455 shares pursuant to a share placement to sophisticated and professional investors to raise $3,132,650 before costs, and 3,636,364 shares on full conversion of a $1,000,000 cash advance. The funds [...]
