Theta Gold Mines Limited advises that mining right (MR) 83 is now fully permitted for mining. MR 83 includes the Beta Mine, CDM Mine and Frankfort Mine – three of the four mines included in the mining schedule of the definitive feasibility study.
Theta now has all the required approvals for MR 83 to start mining:
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Atmospheric emissions licence (Gold Plant)
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Explosive licence for transport and usage
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Forrest licence (Frankfort area)
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MR 83 environmental authorisation
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Water use licence (for tailings, plant and mining)
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Environmental rehabilitation guarantee in place for MR 83
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Updated social and labour plan for MR 83
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Heritage record of decision
During September 2023, MR 83 had an objection lodged against its environmental approvals as part of a 90-day public review period by one individual out of more than 900 public & private members. This objection was rejected by the Department of Forest Fishery and Environment and all other related departments. The main condition imposed in lifting the objection was quarterly borehole and downstream water testing.
Chairperson Bill Guy comments: “I am pleased to confirm that MR 83 has received full permits, completing a major condition precedent for potential project financing previously reported. The company will now focus on finalising funding packages and working with our selected EPC [engineering, procurement and construction] contractor to build the gold plant. This is a major development for Theta and paves the way for us to now commence mining operations and realise the full value of the asset for shareholders, the local community, our employees and other valued stakeholders.
“As part of the MR 83 licence, Theta has proposed a robust ESG [environmental, social and governance] programme to restore the hydrology of the local catchment. The river system is directly linked to the livelihood of more than 20 000 farmer employees and the famous Kruger National Park. Currently, the river is facing severe pressure due to invasive species and poor land management practices. To restore the catchment and the river, Theta will collaborate with local industry and non-governmental organisations.”
The company encourages shareholders to join the Theta Investor Hub, which allows you to ask questions directly to the company, view videos and keep up to date on progress of the TGME Gold Project.
