The ASX listed gold development company Theta Gold Mines Limited (ASX:TGM, OTCQB:TGMGF) in its latest announcement to the ASX, informed about the review meeting on Environmental Authorisation for MR83. The meeting was held with senior official of DMRE in Johannesburg on 1 December 2020.
TGM had applied for an application for Environmental Authorisation to permit open-pit mining on its MR83. The South African regulatory body- Department of Mineral Resources and Energy (DMRE) was expected to finalise the review by November end.
The yesterday’s meeting was headed by Mr Mitford Mundell, CEO (Africa), and the DMRE team was led by Director General Advocate Thabo Mokoena. Representatives from different stakeholders group were also present at the meeting.
The meeting was concluded without any immediate decisions.
The stocks of the Company was trading at A$0.30 at 1:20 PM AEST with a market cap of A$138.04 million as on 2 December 2020.