Theta Gold Mines: Completes feasibility study for TGME

Theta Gold Mines Completes feasibility study for TGME

• 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
• TGM ends the day 16.7 per cent in the green with shares trading at 6.3 cents