InvestSMART

Theta Gold Mines Limited (ASX:TGM)

ALERT: Price-sensitive ASX Announcement for TGM
Current share price for TGM : $0.180 -0.06 (-25%)+
Announcement
Release
4 Mar 2026 9:27AM
Price at Release
$0.240
Full Release
download
Summary
Theta Gold Mines Limited announced the issuance of Structural, Mechanical, Platework, and Piping (SMPP) contracts as part of Phase 2 construction for the TGME Gold Project. The contracts have been signed with industry leaders PICM and RM Process, focusing on fabrication and installation of critical structural steel, mechanical components, and piping. The approach includes off-site fabrication to streamline processes and reduce risks. The project aims to produce over 100,000 ounces of gold annually and scale up to 1Mtpa, showcasing Theta Gold's commitment to operational excellence and shareholder value. The company emphasizes cost savings and accelerated timelines with existing teams already on-site.
Key Points
  • Theta Gold Mines Limited issued SMPP contracts for the TGME Gold Project.
  • Contracts signed with PICM and RM Process.
  • Focus on structural steel, mechanical components, and piping.
  • Off-site fabrication to reduce risks and accelerate timelines.
  • Phase 2 aims to produce over 100,000 ounces of gold annually.
  • The project is designed to scale up to 1Mtpa.
  • Existing on-site teams to leverage cost savings.
  • Commitment to operational excellence and shareholder value.
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.