For thousands of other reports visit RSC's Mineral Intellingence Map
Theta Gold Mines Ltd.
Summary
| Project: | TGME | |
|---|---|---|
| Deposit: | TGME | |
| Location: | South Africa | |
| Commodities: | Gold | |
| Date: | 5/16/2019 | |
| Report Code: | JORC | |
| Report Type: | Feasibility Study | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 16-5-2019: Theta Gold Mines Ltd. announces a Feasibility Study report for its TGME deposit at the TGME project. Feasibility Study results incl. post-tax NPV of US $49.6M (5%), IRR of 65.1%. Theta Gold Mines Limited (“Theta Gold” or “Company”) (ASX: TGM, T | |
| Resources: | (Reserve, Prob.): 2.310Mt @ 2.76g/t Au for 205.01Koz Au contained | |
| CP/QP: | [Overall Report]: Daniel Van Heerdan (Minxcon Projects (Pty) Ltd. Consulting (Pty) Ltd.) | |
| ABSTRACT: | Theta Gold Mines Limited (“Theta Gold” or “Company”) (ASX: TGM, TGMO) is pleased to announce a positive Feasibility Study (“FS”) for its Theta Project, a gold project which includes the Columbia Hill deposit and part of the Theta Hill deposit within Mining Right 83 (“MR83”) (Figure 1) in South Africa. The study confirms the project economics and commercial viability. Significantly, the study places Theta Project in the bottom quartile for costs (AISC USD764 potential), making the mine when in production potentially one of South Africa’s lowest cost gold producers. Additionally, with a head grade of over 2.7g/t Au to mill, and high metallurgical recoveries (91.6%), the results for the project are robust for shallow pits with an average depth of 70 to 90m (Appendix A). The Feasibility Study has indicated a peak funding requirement of USD29.2m and post permitting and financing, a short 9 months of construction/refurbishment period. Permitting approvals are presently underway. | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report