Projects

Our Story

A giant goldfield in South Africa’s Eastern Goldfields is reawakening.

Theta Gold Mines is an advanced gold developer with over 6Moz of very shallow gold mineral deposits under control, targeting high margin open-cut mining from 2020. Our goal is to become a highly sustainable and profitable gold mining group…

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Theta (Open cut) Project

Current JORC Resources (all open-pitable) totalling 880Koz averageing 2.7g/t, Theta plans to begin mining the Theta starter-pits in 2021.

The Theta (Open Cut) Project sits across two mining rights MR83 and MR341 where the Company’s existing CIL plant site and tailings-storage-facilities are within minutes of walking distance…

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5 Years Production Growth Strategy

The Company plans to initially unlock approximately 2.75 million ounces of its 6 million ounces resources by bringing 4 mines into production within the next 4 to 5 years, starting from the Theta Starter-pits (MR83)…

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Other Key Projects

Vaalhoek resource (0.62Mt @ 17.5g/t Au for 335koz, 82% Inferred), 20km north of the TGME Plant (Figure 1), represents mostly flat-lying reefs, are amenable to open-cut mining and is an example of the type of high grade targets the Company is seeking to bring into production. This represents the highest grade open-pit resource in the portfolio, and thus is a priority for the Company to bring into reserves as soon as practical…

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Resources and Reserves

The latest JORC compliant mineral resource statement was issued in May 2019. Please refer to the announcement, which is summarised in the table below.

Total group resources of 44.79Mt @ 4.18g/t of gold for 6.03Moz have been declared…

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General Geology

The TGME Projects are situated within the Sabie-Pilgrims Rest Goldfield, approximately 300 km northeast of the Witwatersrand Basin, as shown in Figure 1. Gold mineralisation occurs within sedimentary host rocks of the Transvaal Supergroup. This metallogenic province extends for approximately 140 km in a north-north-easterly direction, over a maximum width of 30 km along the Great Escarpment of Southern Africa…

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