Theta Gold Mines Ltd. · ASX:TGM
Theta Gold Mines — 121 Mining Investment Conference, Indaba Mining Conference 2025
25 slides from Theta Gold Mines's conference presentation, Feb 4, 2025
Slide 1: ASX Announcement: Presentation at Cape Town Mining Indaba 2025
4 February 2025 ASX ANNOUNCEMENT THETA GOLD MINES PRESENTATION – CAPE TOWN MINING CONVENTION - INDABA 2025 Theta Gold Mines Limited (“Theta Gold” or the “Company”) (ASX: TGM) hereby attaches a For personal use only Presentation which will be provided by Theta Gold’s Chairman, Bill Guy at the 121 Min
Slide 2: About Theta Gold Mines Limited
ABOUT THETA GOLD MINES LIMITED Theta Gold Mines Limited (ASX: TGM | OTCQB: TGMGF) is a gold development company that holds a range of prospective gold assets in a world-renowned South African gold mining region. These assets include several surface and near-surface high-grade gold projects which pro
Slide 3: Theta Gold Mines Limited Presentation February 2025
THETA GOLDMINES LIMITED PRESENTATION February 2025 FS to recover 1.08Moz Au over 12.9 years LOM at TGME underground mine. For personal use only 6.1Moz Gold Resource and Growing 1
Slide 4: Disclaimer
Disclaimer FORWARD LOOKING AND CAUTIONARY STATEMENTS DISCLAIMER AND COMPETENT PERSONS STATEMENT This presentation may refer to the intention of Theta Gold Mines regarding estimates or future events which could be DISCLAIMER considered forward looking statements. Forward looking statements are typica
Slide 5: Snapshot 2024 – Ready to Build
Snapshot 2024 – Ready to Build Description Completed Project Final Designs Completed Update of the plant DFS ✓ ✓ Plant process design Engineers Appointed – RM Process TSF conventional deposition ✓ TSF dry stacking ✓ Tailings and Environmental Engineers Appointed – Eco ✓ Integrated water management ✓
Slide 6: Value-build strategy over mine project development cycle
Value-build strategy over mine project development cycle Theta creates value for its investors by achieving both an underlying NPV expansion through resource growth and project scope optimization, and multiple re-rating through realization of operational milestones “value build period” P/NPV valuati
Slide 7: Adding Surface Gold to the Mine plan - 174,000 oz of Gold available
Adding Surface Gold to the Mine plan - 174,000 oz of Gold available Drilling and Sampling on the TGME Gold Mine Tailings Dam • The Company announced that the results of the confirmatory drilling program completed by SGS (South Africa) Pty Ltd (“SGS”) in March 2024 have been received. • The drill res
Slide 8: Key FS Takeaways
Key FS Takeaways1 Underground ore Payback Period First 4 Mines Project Life mined Start of Project – ½ Billion USD For personal use only Theta Gold Mines Limited, 12.9 years 6.46Mt @ 5.95g/t 31 Months controls the Eastern Transvaal Au for 1.24Moz of Free Cash post Start of Mining – contained gold ta
Slide 9: Compelling Investment Rationale
Compelling Investment Rationale INVESTMENT CASE For personal use only SIZE Jurisdiction POTENTIAL GROWTH LOW-COST EXPERIENCED FLEXIBILITY POSITIVE PRODUCER TEAM SOCIO-ECONOMIC South Africa IMPACT Experience Mining +6.1Moz of Gold country. Low-cost expansion +160koz pa (within Production costs Resour
Slide 10: ASX Listing
ASX Listing Ordinary Shares ASX: TGM 849M¹ Out-of-the-money Theta Gold Mines (TGM) Share Chart unlisted options and 134M management performance rights For personal use only Market Capitalisation1 ~A$136M (~US$85M) (undiluted) Top Shareholders: CITICORP NOMINEES PTY LIMITED 17.5% BNP PARIBAS NOMINEES
Slide 11: Theta Gold Mines – Definitive Feasibility Study
Theta Gold Mines – Definitive Feasibility Study • The company’s growth strategy is developed on scaling up DEVELOPMENT DRILL RIG LONG HOLE DRILL RIG LHD production from 4 historic underground mines: • Beta, Rietfontein, Frankfort, and CDM • As detailed in the released DFS For personal use only • TGM
Slide 12: South Africa's "Newest" Gold Field
South Africa’s “Newest” Gold Field The Transvaal Gold System sits geological on the eastern side of Bushveld Complex the largest layered igneous intrusion on earth. For personal use only Our goldfield already produced Pilgrims Rest ~7Moz Au since 1870s. Theta have generated and delivered one of the
Slide 13: Sedimentary Gold Reef System
Sedimentary Gold Reef System Beta and CDM Gold Reef Systems • 1.186 Moz of Gold in total • Indicated 587.9 Koz • Inferred 763.8 Koz • Gold Reef Grade between 10 and 16.5 g/t • Reef systems flat dipping 3-7 degrees with strike length over 11km For personal use only Refer to JORC Table in the Appendix
Slide 14: Strategy to build up to >160,000oz/a Au production profile within 5 years
STRATEGY TO BUILD UP TO >160,000OZ/A AU PRODUCTION PROFILE WITHIN 5 YEARS PHASE 1 PHASE PHASE 2 COMMISSION COMMISSION COMMISSION First Gold 50–70koz/a 90–120koz/a >160koz/a For personal use only PHASE 1 PHASE 3 Surface Gold PHASE 2 Expansion Underground • 45 kt/m Metallurgical plant • Development Un
Slide 15: South Africa - An Attractive Investment Destination
SOUTH AFRICA - AN ATTRACTIVE INVESTMENT DESTINATION SOUTH AFRICA - 16% OF THE AFRICAN CONTINENT’S GDP Logistical Advantages • Largest road system network in Africa Jurisdiction Benefits • Local commercial airports For personal use only • Close to industrial hub of Johannesburg • English Common Law •
Slide 16: Theta Gold Highlights
Theta Gold Highlights • High Growth Gold Investment Opportunity • Existing Historic Goldfield - Multiple pre-developed, shallow, high grade historic gold mines – ready to be brought back into production • Large, Growing Resource - 6.1Moz gold resource @ 4.17g/t and continuously growing, with more th
Slide 17: Theta Gold expected - Catalysis 2025
Theta Gold expected - Catalysis 2025 Description Progress • Execution Plan Theta Underground Project ✓ • Permitting completion for Mining Right 83 (EIA) ✓ • Update the Feasibility Study with the current gold price and For personal use only detail engineering • Completion of Funding Agreements: • Com
Slide 18: Appendices
For personal use only APPENDICES 16
Slide 19: Environmental, Social & Governance (ESG)
Environmental, Social & Governance (ESG) ESG IS INTEGRAL TO THE DEVELOPMENT STRATEGY AND IS BASED ON: • Holistic risk management • Conservation of biodiversity • Zero harm approach to health and safety • Responsible production practices • Environmental stewardship • Positive impact on host communiti
Slide 20: Combined Minerals Resource Statement (~6.1Moz)
Combined Minerals Resource Statement (~6.1Moz) Combined Mineral Resource Resource Classification Type of Operation Tonnage Gold Grade Gold Content Mt g/t Kg koz Underground 0.091 5.37 489 15.7 For personal use only Measured Open pit Tailings Total Measured 0.091 5.37 489 15.7 Underground 4.774 6.21
Slide 21: Total Mineral Resources of the Mines included in the DFS
Total Mineral Resources of the 4 Mines included in the DFS - Combined as of 1 February 2021 Stope Stope Mineral Resource Reef Grade Reef Width Stope width Content Reef Tonnes Au Content Mine Reef Grade Tonnes Classification g/t g/t cm cm cm.g/t Mt Mt kg koz Measured Frankfort Bevetts 7.13 5.37 73 10
Slide 22: Mineral Resource Statement – Underground Only (~4.5Moz)
Mineral Resource Statement – Underground Only (~4.5Moz) Mineral Resource Reef Grade Stope Grade Reef Width Stope width Content Reef Tonnes Stope Tonnes Au Content Mine Reef Classification g/t g/t cm cm cm.g/t Mt Mt kg koz Measured Frankfort Bevetts 7.13 5.37 73 103 520 0.069 0.091 489 15.7 Total Mea
Slide 23: Mineral Resource Statement – Open Pit Only (~1.4Moz)
Mineral Resource Statement – Open Pit Only (~1.4Moz) Reef Grade Reef Width Content Reef Tonnes Au Content Mineral Resource Classification Open Pit Mine Reef g/t cm cm.g/t Mt kg koz Hermansburg Eluvial 1.79 0 0 0.505 905 29.1 DG1 Eluvial 2.24 0 0 0.640 1 432 46.0 DG2 Eluvial 0.66 0 0 1.586 1 041 33.5
Slide 24: Old plant demolished in preparation for new plant
For personal use only OLD PLANT DEMOLISHED IN PREPARATION FOR NEW PLANT 22 22
Slide 25: Board of Directors and Contact
Board of Directors Registered and Principal Office Bill Guy Executive Chairman (Economic Geology) Level 35, International Tower One Richie Yang NED (Corporate Finance) 100 Barangaroo Avenue Bryon Dumpleton NED (Resource Geology) Barangaroo, Sydney, NSW 2000 Brett Tang NED (Funds Mgmt) Telephone: 02
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