Starting 2 open cut mines + 2 near surface underground mines to establish a 160Koz per annum production base case
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).
The planned 4 mines (see “Map1,2, Figure1″) are:
- Theta Starter-pits (within MR83), and
- Theta Southern Extention (open-pits, within MR341) (together “Theta Open Cut Project), and
- Rietfontein shallow underground (within MR358/10161), and
- Beta shallow underground (within MR83/330)
Map2: All 9 Mining Rights controlled by Theta.
Figure1: Initial 160Koz per annum production strategy
Figure2: Initial 160Koz per annum production strategy details