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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
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Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

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