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Theta Gold Mines Limited (ASX:TGM)

ALERT: Price-sensitive ASX Announcement for TGM
Current share price for TGM : $0.180 0.02 (12.50%)+
Announcement
Release
4 Nov 2025 8:31AM
Price at Release
$0.160
Full Release
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Summary
Theta Gold Mines Limited (ASX:TGM) announced the acceleration of the TGME gold plant build with the procurement of two Titan GDM3065 Ball Mills from South Africa-based MechProTech. This significant milestone reflects TGM's commitment to using advanced processing technology and is set to streamline the construction process under Theta’s plug-and-play model. The ball mills, designed for increased operational flexibility, will be manufactured and delivered within 25 weeks, kicking off a construction phase aimed at commissioning the plant by the end of 2026. The partnership with MechProTech includes a comprehensive package with integrated feed systems and containerised MCC panels, supported by on-site training and a robust service agreement to ensure operational efficiency and reliability.
Key Points
  • Major equipment order placed with MechProTech for two Titan GDM3065 Ball Mills.
  • Dual mill configuration for operational flexibility and redundancy.
  • Manufacturing in South Africa, with proximity to the mine for support.
  • 137-strong on-site team with ongoing civil works.
  • The plant commissioning targeted by the end of 2026.
  • Construction model designed to fast-track build speed and reduce costs.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.