Theta Gold Mines - TGM (ASX) News & Expert Insights from Stockhead

Theta Gold Mines (ASX:TGM) is an emerging gold producer focused on restarting historical underground operations at the Transvaal Gold Mining Estates (TGME) project in South Africa. The TGME has a large high-grade resource base, with over 6.1Moz in total JORC gold resources across a well-established goldfield.

Near-term production targeted at four core mines (Beta, Rietfontein, CDM, and Frankfort), all located within 40 km of a central processing plant. Permitted and development-ready, with key mining rights secured and infrastructure in place to support scalable, low-cost operations.

Key project metrics (2022 FS @ US$1,642/oz gold price): 12.9yr life, 1.1Moz production, US$324mn NPV 10%, 65% IRR, US$77mn peak funding requirement (pre-production capex + working capital). First production targeted by early CY27.

KEY PEOPLE

Executive (Geologist) with +30 years of global experience in resource development. Previous roles include capital raisings, project acquisition, project development and joint venture operations.

Mining Engineer with +30 years across all stages of mine lifecycle. Founded and led Qmotion Mining, a highly successful contracting services provider, and delivered contracts for the Evander Gold Mine, Sibanye Stillwater, Anglo Platinum, Royal Bafokeng Platinum and Murray & Roberts Holdings.

Attorney of the High Court of South Africa (B Juris and LLB), specialising in socio-economic development and municipal governance. Engaged community stakeholders and representatives to work constructively with mining operators, creating a win-win platform for all parties involved.