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Theta Gold Mines Ltd

Theta Gold Mines’ name change reflects focus on first gold at South African open cut project

Theta Gold Mines Ltd (ASX:TGM) non-executive chairman Bill Guy and other directors and senior management speak to Proactive Investors from site in South Africa about the company’s recent name change and its drive towards gold production at its Theta Hill Open Cut Project in South Africa. The company was previously known as Stonewall Resources (ASX:SWJ).

“The near-term focus is to convert this large resource into a reserve,” says Guy.

He continues, “in the New Year we will have an exploration update which will be part of the Columbia Hill-Theta Hill drilling update; essentially then we’ll move through to reserve statements and feasibility study completion.”

“That process has already been funded, so then the next phase will be permitting, more drilling and upgrading the plant and getting it operational.”

Quick facts: Theta Gold Mines Ltd

Price: $0.17

Market: ASX
Market Cap: $66.14 m
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Stonewall Resources excited by open-cut potential at TGME gold project

Rob Thomson, managing director at Stonewall Resources Ltd (ASX:SWJ), spoke to Proactive's Andrew Scott on site at their Theta Hill prospect - part of the TGME gold project in South Africa. They've kicked off a second round of exploration which will comprise RC drilling of 20-30 holes for...

on 12/2/18

2 min read