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Theta Gold Mines Limited (ASX:TGM)

ALERT: Price-sensitive ASX Announcement for TGM
Current share price for TGM : $0.180 -0.028 (-13.25%)+
Announcement
Release
20 Mar 2026 8:45AM
Price at Release
$0.208
Full Release
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Summary
Theta Gold Mines Limited (ASX: TGM) has announced a significant milestone for its TGME Gold Project in South Africa by securing a contract with NMS Africa (Pty) Ltd for manufacturing a key crushing and screening plant. This contract represents a critical step towards achieving first gold and early cashflows. The plant is designed to accommodate initial production needs and scale up as the project expands, ensuring continuity and minimizing execution risks. The plant is expected to be delivered within 125 days, keeping the project on track for commissioning in Q4 2026, with first gold production anticipated in Q1 2027. This development underscores Theta Gold's commitment to advancing its operations in the Eastern Transvaal goldfields.
Key Points
  • Theta Gold Mines secures a contract with NMS Africa for a crushing and screening plant.
  • The plant will support the TGME Gold Project in South Africa.
  • Contract is a critical step towards first gold production and early cashflows.
  • The plant is designed to meet initial production needs and future expansion.
  • Expected delivery of the plant is within 125 days.
  • Project remains on track for commissioning in Q4 2026.
  • First gold production is anticipated in Q1 2027.
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.