Theta Gold Mines Ltd. refers to its replacement bidder's statement dated 4 January 2022 and offers in relation to its off-market takeover bid for all of the shares in Focus Minerals Ltd as at the Register Date stated in the Replacement Bidder's Statement. TGM is pleased to advise that it has commenced dispatch of the Replacement Bidder's Statement and offers . The Replacement Bidder's Statement is accompanied by a copy of [...]
Theta Gold Mines Ltd. refers to its takeover bid to acquire fully paid ordinary shares in Focus Minerals Ltd that exist on the Register Date of 21 December 2021 made under the Replacement Bidder's Statement dated 4 January 2022 . TGM notes ASX announcements by Focus on 5 and 7 January 2022 which attach intention statements by Shandong Gold. In light of those statements and other matters, TGM has lodged with ASIC today a [...]
Theta Gold Mines Ltd. is pleased to announce the extension of its Underground Prefeasibility Study . The Company added Rietfontein Mine to the mine schedule of the PFS announced on 13 April 2021, which incorporated the Beta, Frankfort, and CDM mines. Collectively referred to as the TGME Underground Project. Initial results from the Rietfontein PFS are positive and the Board has decided to accelerate the study by including [...]
Theta Gold Mines Ltd. refers to its ASX announcement of 9 December 2021. In relation to TGM's off-market takeover bid for Focus Minerals Limited , and in accordance with item 5 of section 633 of the Corporations Act 2001 , TGM attaches a copy of its bidder's statement . The Bidder's Statement has been lodged with the Australian Securities and Investments Commission and sent to Focus today. TGM's Offer to Focus [...]
Theta Gold Mines Ltd. announces its intention to make an off-market takeover offer for all the issued shares in Focus Minerals Limited . TGM WILL OFFER 2 TGM SHARES FOR EVERY 1 FOCUS SHARE The Offer provides Focus shareholders with an opportunity to receive an attractive premium for their shares. This contrasts with the Entitlement Offer which will likely entrench control for Shandong Gold at a significant discount and [...]
Theta Gold Mines Ltd. is pleased to announce Trial Mining at Frankfort is now complete. The Beta, Frankfort, and CDM mines, all of which form part of the Central Northern Area are collectively referred to as TGME Underground Project. Trial Mining was completed to demonstrate that the mechanized long hole stoping mining method was suitable to mine the narrow gold reef system and to inform the Definitive Feasibility Study [...]
Theta Gold Mines Ltd. is pleased to announce Byron Dumpleton has been appointed to the Theta board as Non-Executive Director, effective as at today's date. Byron, who is based in Perth, Australia, has a very strong background in geology, mining operations, ore resources, and corporate funding process. Mr Dumpleton has corporate experience with the due diligence process with multiple lending institutions for funding of [...]
Theta Gold Mines Ltd. is pleased to report on its activities for the period from 1 July to 30 September 2021. Theta is pleased to confirm that trial mining is now advancing at the Frankfort underground gold mine, with the results from this program being instrumental for determining and optimising the selected mining and blasting method. The results of this programme will be used to finalise the Underground Definitive [...]
Theta Gold Mines Ltd. hereby provides an update on permitting of the TGME underground project. This follows recent updates detailing the Company's progress with the TGME project's trial mining, definitive feasibility study and sampling programme. It has come to Theta's attention via the SA Government Gazette that the Minister of Forestry, Fisheries and the Environment has declared a forest nature reserve over, amongst [...]
Theta Gold Mines Ltd. advises that Chairman, Mr Bill Guy, will be presenting via a Zoom Webinar - Metals & Mining Day hosted by Spark Plus following Theta's completion of the recent funding programs. Event: Spark Plus Metals & Mining Day Date: Thursday 30 September 2021: Perth/Hong Kong/Singapore 10:40am, or Sydney/Melbourne/Brisbane 12:40pm Registration is complimentary and may be made at [...]
Theta Gold Mines Ltd. is pleased to provide an update on the development work at the TGME Underground Gold Project. The team has begun underground mine development work to make the mine safe for trial mining and underground sampling. The South African mine site team has also now been fully vaccinated against COVID 19 and is hard at work. Making Safe A rock engineer was engaged to give input with regards to the support [...]
Theta Gold Mines Ltd. advises that the Company's Share Purchase Plan closed as scheduled at 5.00pm AEST on Thursday, 23 September 2021. SPP applications are being reconciled and results of the SPP will be released early next week. Meanwhile, the Company received applications for the potential SPP shortfalls, separate from the previously announced A$1 million shortfall underwriting provided by German investor 2Invest AG [...]