Theta granted the first of two water licences
Junior Theta Gold Mines has been granted the first of two water-use licences for its TGME Underground gold mine by the South African Department of Water and Sanitation.
The new Greater TGME integrated water-use licence is valid for a period of 12 years and forms an integral part of the underground project, since it authorises all current water-use activities within the mining area.
“The full approvals now granted for the Frankfort mine marks another key step forward for the development of TGME gold project,” said Theta Gold chairperson Bill Guy.
“Bulk sampling work shall commence on Frankfort mine in the coming weeks with the aim to optimise mining and to maximise ore recovery. The full approval of the Frankfort mine displays full recognition from all related government departments of Theta’s effort to becoming a responsible miner in the region,” said Guy.
A definitive feasibility study earlier this year estimated that the TGME Underground mine would require a capital investment of A$232-million to bring the project into production.
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