Organic Growth Strategy

Organic Growth Strategy – Targeting over 160,000 oz Au annual production

Phase 1 – 4 Mines into production – definitive Feasibility Study
Phase 2 – Expand to 5 producing gold mines
Phase 3 – Expand to 6 producing gold mines

Theta already has 6.1 Moz in mineral resources and a total mine reserve of 580,000 oz Au. Theta has grown the resource base year on year since 2016 (see Figure1), and now in the development of Phase 1 of the Organic Growth Strategy.

The very first definitive Feasibility Study was delivered in July 2022 with an initial Life of Mine (LOM) of 12.9years to recover 1.08 Moz gold from 1.26 Moz mined.

Many workstreams will progress concurrently on site with Phase 2 work already in progress.