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Theta Gold Mines Limited (ASX:TGM) Quarterly Activities Report
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 Theta Gold Mines Limited (ASX:TGM) (FRA:3LM) (OTCMKTS:TGMGF) is pleased to report on its activities for the period from 1 January 2022 to 31 March 2022.
HIGHLIGHTS
DURING THE QUARTER - Q1 Calendar Year Ended 2022:
- Significant progress made to advance the TGME Underground Definitive Feasibility Study (DFS)
- High grade ore sweeped from newly discovered historical mines and update on new plant construction & removal of the old plant
- TGME underground project permitting progress update:
o Negotiation progressed with the Ministry of Forestry, Fisheries and Environment (DFFE) for continued mining under the declared Forest Nature Reserve
o Environmental scoping report for TGME underground project submitted for public review
- TGM's Off-Market Takeover Offer Bid for Focus Minerals Limited "FML") lapsed during the quarter and the Company currently hold approximately 2.83% of FML shares
POST QUARTER UPDATE:
- Final Scoping Report submitted with the South African Department of Mineral Resources and Energy ('DMRE') on 12 April 2022.
Theta Chairman Mr Bill Guy stated: "The TGME Underground Definitive Feasibility Study remain on time with an expected completion in Q2 - this will be a significant milestone achievement for the Company. The study includes the completion of metallurgical test work and rock engineering modelling and now incorporates the Rietfontein mine alongside the Beta, CDM and Frankfurt mines. The TGME Underground Gold Project is expected to have an early stage Life of Mine of approximately 10 years."
*To view the full quarterly report, please visit:
https://abnnewswire.net/lnk/LBBBYQC0
Bill Guy, Chairman
Theta Gold Mines Limited
T: + 61 2 8046 7584
E: billg@thetagoldmines.com
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