Theta secures all approvals to start mining in South Africa

14th March 2024 By: Creamer Media Reporter

ASX-listed Theta Gold says it has received all approvals to start mining at Mining Right (MR) 83, which includes the Beta, CDM and Frankfort mines, in South Africa's Mpumalanga province.

“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 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," says Theta chairperson Bill Guy.