Theta Gold Mines

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DM Sans

Bill has spent the last month in South Africa with the team and provides updates on the Company's plans:

1. Partnership with PowerChina Subsidiary:

Signed MOU for TGME Gold Plant construction. View the full announcement here

PowerChina's interest validates project; negotiations ongoing for a delayed payment schedule.

Investment from Sprott enhances confidence in the partnership.

Frankfort mine: Preparing for production; 6M oz under management.

Negotiating early completion bonus with PowerChina, potentially reducing construction timeline.

Exploring early cashflow through processing 174k oz of old rock and tailings dumps on-site.

Funding packages to be completed in 3-4 months.

Groundbreaking expected late this year; continuous updates on project advancements.

Assured cashflow and strong NPV anticipated.

Despite quieter period, significant progress ongoing with banking packages and projects.

Promising prospects ahead as Theta Gold Mines advances towards production readiness.

Investors can anticipate exciting developments as Theta Gold Mines solidifies partnerships, progresses projects, and moves closer to production.

If you have any questions about the MOU or on our projects, let us know! Hit the 'Ask a question' button below and we will endeavour to get back to you as soon as we can.

Proactive Interview: Update on the MOU with PowerChina and South Africa projects