Theta Gold Mines
Company Profile (100 Words)

Theta Gold Mines
Primary listing on the Australian Securities Exchange (ASX: TGM) with a secondary listing on OTC Markets (OTCQB: TGMGF), an advanced gold developer with over 6.1 Moz of very shallow gold mineral resources (JORC) under control, targeting high margin gold mining from late 2024. Our goal is to become a responsible, sustainable and highly profitable gold mining group.

Brief overview of your project (150 Words Max)

TGME Underground Project (TGME Project)
The TGME Project is a high-grade gold project that sheds ½ Billion USD free cash post-tax LOM based on our DFS released in July 22. We believe further exploration will increase Life of Mine and the current resource base of 6 Moz.

The company has completed a FS for the first four mines Beta, CDM, Frankfort and Rietfontein (TGME Underground Project). The Base Case LOM plan will comprise a 12.9-year mining operation starting in 2024 Q2 and delivering 1.24 million ounces of contained gold LoM.
The estimated development capital or peak funding requirement is USD77 million (Total CAPEX 100 M USD), with the Project forecast to generate a pre-tax NPV10% of USD324 million (AUD432 million) and pre-tax Internal Rate of Return (IRR) of 65% at the forecast gold price of averaging USD1,642/oz over the LOM

What is unique about your project (150 - Words Max)

6 M oz of High-grade Gold under management   (One of the largest Resources bases on ASX held by Junior)
The Kirkland Lake Strategy - Back to the first gold rush for the next generation of mines.  
43 Historical Mines 620km2 of Goldfield + Kms of extended gold reefs
First, four Mines to generate over ½ Billion USD Free Cash post Tax
High margin low-cost project AISC US$834 (A$1,112) (Bottom quartile among gold producers)
Gold Discovery costs less than US$12 per ounce 
Not a typical South African / provincial location with a small population
The local people, our stakeholders marched, signed petitions, and lobbied the government for the Project
ESG – Environmental offsets and Small Foot-Print, Community Forums, Local Jobs created

What highlights or announcements are you planning in the next 12 months? (150 - Words Max): Permitting completion for Mining Right 83 (First 3 Mines) (EIA, WUL), Binding Streaming Agreement, Commercial Bulk Sampling, Early Cashflow Options, Project Full-funded, Final Investment Decision (FID), Construction Commencement