Theta Gold Mines Limited (asx:tgm) Quarterly Activities and Cashflow Report 31 December 2019
Theta Gold Mines Limited (ASX:TGM) (OTCMKTS:TGMGF) is pleased to report on its activities for the period from 1 October to 31 December 2019.
The Company had another strong quarter in bringing the Theta Project closer towards production as well as strengthening its social license in the area. Various permitting activities continue to progress as the Company works towards becoming a gold producer.
Highlights
- The 2.5 MW ball mill purchased in October 2019 has been removed from the site at Rustenburg in preparation for relocation to TGME site in Q1 of 2020
- The 2.5 MW mill ball mill has been incorporated into the updated Plant Design
- Plant Design Optimization Studies have been completed with a 20% increase in production capacity to 600,000 tpa (ASX release 28 January 2020)
- Capital costs for the 600,000 tpa process plant...
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