Resources & Reserves

During the last 5 years, Theta Gold doubled its mineral resources through an extensive historic data digitising process (data from historic production/sampling since 1873), as well as a >20,000 metres drilling program.  (Figure 1)

In April 2021 the Company updated its latest Mineral Resources & Mining Reserve tables below.

Click here for the April 2021 ASX Announcement.

Figure 1: Mineral Resources & Maiden Mining Reserves upgrades since June 2016

Vaalhoek Mine (Open cut)

Table 1: Combined Mineral Resources as at February 2021

Table 2: Global Mining Reserves as at February 2021

Table 3: Total Theta Project – Mineral Resources, 1 May 2019

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Headline – 9 December 2021

THETA ANNOUNCES INTENTION TO MAKE TAKEOVER BID FOR FOCUS MINERALS LIMITED

  • TGM offers to acquire all shares in Focus Minerals (ASX: FML) at an attractive premium to recent share prices, valuing FML at A$0.36 per share
  • The combination of TGM and Focus would create a group with >12Moz gold resources in two mining friendly jurisdictions on either side of the Indian Ocean
  • The Offer provides an attractive alternative to the uncertain and highly dilutive development proposal put forward by Focus

Click for access to the ASX Announcement by Theta