Theta Gold Mines Reported Strong Quarter as Theta Project inches towards production

Theta Gold Mines Limited (ASX: TGM) has reported its activities for the period from 1 October to 31 December 2019. The company brought the Theta Project closer towards production and strengthened its social license in the area.

Key highlights:

  • The 2.5 MW ball mill has been removed from the site at Rustenburg in preparation for relocation to TGME site in Q1FY20;
  • The 2.5 MW mill ball mill has been incorporated into the updated Plant Design;
  • Capital costs for the 600,000 tpa process plant remains within 1% of the Feasibility Study.

At AEST 12:56PM, the TGM stock was trading at $0.230 per share, up by 2.222% from its previous close.

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