Theta Gold Mines Ltd. · ASX:TGM
Theta Gold Mines — Nordic Funds and Mines Conference 2026
36 slides from Theta Gold Mines's conference presentation, Oct 13, 2026
Slide 1: ASX Announcement: Nordic Funds and Mines Conference Investor Presentation
13 October 2026 For personal use only ASX ANNOUNCEMENT AND MEDIA RELEASE (ASX: TGM) Nordic Funds and Mines Conference – Investor Presentation Theta Gold Mines Limited (ASX: TGM) (Theta or the Company) is pleased to advise that Chairman, Bill Guy will be participating in the Nordic Funds and Mines Co
Slide 2: South Africa's Next Sustainable Gold Producer
rsonal use only THETA GOLD MINES LIMITED SOUTH AFRICA’S NEXT SUSTAINABLE GOLD PRODUCER Investor Presentation Nordic Funds and Mines Conference October 2026
Slide 3: Disclaimer
INV ESTOR PRESE NTATIO N | AS X: TGM Disclaimer FORWARD LOOKING AND CAUTIONARY STATEMENTS DISCLAIMER AND COMPETENT PERSONS STATEMENT This pre se ntation may re fe r to the inten tio n of Theta Go ld Mine s re gard ing estimates or future events which could be conside red DISCLAIMER forwar d loo kin
Slide 4: Table of Contents
Table of Contents Ore stockpile for plant commissioning rsonal use only 1 TGME Gold Project Summary 2 TGME Gold Plant Construction 3 Transvaal Gold Mining Estates 4 Appendix
Slide 5: Key Investment Highlights
TGME GOLD PROJECT SUMMARY THETA GOLD MINES | ASX: TGM Key Investment Highlights High-grade gold project with a 13.1-year mine life, including 8.8 years of reserves and 6.1Moz of resources rsonal use only Construction underway with only ~USD 39m 1 spent today – commissioning targeted for Q4’2026 / fi
Slide 6: Theta Gold at a Glance
TGME GOLD PROJECT SUMMARY THETA GOLD MINES | ASX: TGM Theta Gold at a Glance High-grade gold mine(s) located in South Africa’s most prolific gold region supported by existing infrastructure, a skilled workforce, and strong utility access Overview of Theta Gold Key statistics (100% basis) Mine locati
Slide 7: Robust economics and solid asset backing for the TGME Project
TGME GOLD PROJECT SUMMARY THETA GOLD MINES | ASX: TGM Robust economics and solid asset backing for the TGME Project NPV10 post-tax and annual EBITDA sensitivity to gold price assumptions (USD/oz) NPV10 Post-tax sensitivity (USDm)1,2 Annual EBITDA Sensitivity (USDm)1,2 rsonal use only 1,051 232 911 2
Slide 8: Mine Plan Overview
TGME GOLD PROJECT SUMMARY THETA GOLD MINES | ASX: TGM Mine Plan Overview Ramp up to peak production of ~115kozpa initially utilizing ready-to-access rock dumps and tailings, followed by ore feed from the Beta and Rietfontein mines Ore mined by source1,2 Commentary rsonal use only • Mining operations
Slide 9: Table of Contents
Table of Contents TGME Gold Plant Construction in Progress rsonal use only 1 TGME Gold Project Summary 2 TGME Gold Plant Construction 3 Transvaal Gold Mining Estates 4 Appendix
Slide 10: Key Contracts Overview
TGME GOLD PLANT CONSTRUCTION THETA GOLD MINES | ASX: TGM Key Contracts Overview Key contracts already locked in, de-risking the Project Counterparty Description rsonal use only Power Supply • Electrical Supply Agreement to TGME • The supply, construction, commissioning and related works of the bulk
Slide 11: Schedule Overview – Master Project Schedule S-Curve
TGME GOLD PLANT CONSTRUCTION THETA GOLD MINES | ASX: TGM Schedule Overview – Master Project Schedule S-Curve Commentary • TGME GOLD Plant construction is 72% complete to 30 September 2026 rsonal use only • First Gold Pour Q1 2027 Master Project Schedule S-Curve 10
Slide 12: TGME – Gold Plant Construction Summary
TGME GOLD PLANT CONSTRUCTION THETA GOLD MINES | ASX: TGM TGME – Gold Plant Construction Summary rsonal use only 11
Slide 13: Key Crushing and Screening Plant Contract Secured
TGME GOLD PLANT CONSTRUCTION THETA GOLD MINES | ASX: TGM Supplier Selection - Key Crushing and Screening Plant Contract Secured Locking in this key long-lead item further reduces execution risk and keeps the Project on track for commissioning in Q4’2026 Inspections with NMS and process engineers ahe
Slide 14: Earthworks Completed in Preparation for the Processing Plant
TGME GOLD PLANT CONSTRUCTION THETA GOLD MINES | ASX: TGM Earthworks Completed in Preparation for the Processing Plant USD 39m1 already spent to date on earthworks, civils, and processing plant equipment TGME Gold Plant Milling section under construction Carbon in leach tank under construction rsonal
Slide 15: Earthworks and Civils (PICM) QAQC Report Pictures
TGME GOLD PLANT CONSTRUCTION THETA GOLD MINES | ASX: TGM Earthworks and Civils (PICM) QAQC Report Pictures rsonal use only Excavation and Blinding release inspection Pre-concrete shutter inspection of pump Visual post-concrete inspection of the MCC 1 – pour and floating. of Thickener 600 bund wall.
Slide 16: Structural, Mechanical, Piping, and Platework (SMPP)
TGME GOLD PLANT CONSTRUCTION THETA GOLD MINES | ASX: TGM Structural, Mechanical, Piping, and Platework (SMPP) Superstructure for Elution Circuit and Gold Room rsonal use only 15
Slide 17: TGME Plant Build Progress
TGME GOLD PLANT CONSTRUCTION THETA GOLD MINES | ASX: TGM TGME Plant Build Progress Ball Mills Secured, Construction Accelerates rsonal use only 16
Slide 18: Engineering Monitoring SMPP
TGME GOLD PLANT CONSTRUCTION THETA GOLD MINES | ASX: TGM Engineering Monitoring SMPP Elution Building CIL & Tailings Thickeners rsonal use only Mill Circuit CIL Tanks 17
Slide 19: Plant view from Stationary Crane
TGME GOLD PLANT CONSTRUCTION THETA GOLD MINES | ASX: TGM Plant view from Stationary Crane rsonal use only Gold Room Roof – under construction Thickener Tanks being constructed 18
Slide 20: Solar Car Park and New Management Offices
TGME GOLD PLANT CONSTRUCTION THETA GOLD MINES | ASX: TGM Solar Car Park and New Management Offices rsonal use only Management Offices, Solar Car Park, Goods shed Solar Car Park and Battery System 19
Slide 21: Gold Room Equipment for pouring and casting gold
TGME GOLD PLANT CONSTRUCTION THETA GOLD MINES | ASX: TGM Gold Room Equipment for pouring and casting gold Commentary Gold Room is close to completion: rsonal use only • TGM has purchased a Keegor Industrial Furnace to be used for smelting and refining gold. • Gold Casting equipment is already on sit
Slide 22: JEDD – Tailings Facility System Rehabilitation
TGME GOLD PLANT CONSTRUCTION THETA GOLD MINES | ASX: TGM JEDD –Tailings Facility System (TFS) Rehabilitation Tailings Facility System Engineering Testing - Density rsonal use only 21
Slide 23: Underground Mining Equipment
TGME GOLD PLANT CONSTRUCTION THETA GOLD MINES | ASX: TGM Underground Mining Equipment • New Siton underground drill rig delivered to site rsonal use only • Purpose-built for mechanised underground drilling and mine development • Mobile, self-contained unit with an articulated hydraulic drilling boom
Slide 24: Pathway to Production
TGME GOLD PLANT CONSTRUCTION THETA GOLD MINES | ASX: TGM Pathway to Production Commissioning targeted for Q4’2026, with first gold in Q1’2027 rsonal use only Note: First gold produced timing will be subject to obtaining all necessary regulatory permitting approvals 23
Slide 25: Development Capex Overview
TGME GOLD PLANT CONSTRUCTION THETA GOLD MINES | ASX: TGM Development Capex Overview Minimal development capex after 2026 as production is expected to commence in Q1’2027 Mining and infrastructure capex schedule over the life of bond (USDm)1 Overview of capex costs over the life of the bond rsonal us
Slide 26: Table of Contents
Table of Contents rsonal use only 1 TGME Gold Project Summary 2 TGME Gold Plant Construction 3 Transvaal Gold Mining Estates 4 Appendix
Slide 27: Growth Potential
TRA NSV AAL GOL D MINING E STA TES THETA GOLD MINES | ASX: TGM Growth Potential Shovel-ready mines with key approvals secured and clear pathway to production Asset overview TGME Gold Projects Area rsonal use only • TGME is situated in South Africa’s prolific Eastern Transvaal Goldfields (Mpumalanga)
Slide 28: ESG: Restoring the Local Catchment and River System
TRA NSV AAL GOL D MINING E STA TES THETA GOLD MINES | ASX: TGM ESG: Restoring the Local Catchment and River System • The critical river system sustains over 20,000 farm workers and serves as the lifeline for Kruger National Park – rsonal use only Critical river especially during dry winter months sy
Slide 29: ESG: Direct Employment and Workplace Health & Safety
TRA NSV AAL GOL D MINING E STA TES THETA GOLD MINES | ASX: TGM ESG: Direct Employment and Workplace Health & Safety Direct employment over LoM (FTEs) rsonal use only Employee wellness TB Other HSEs 513 517 515 509 505 493 535 478 program program program 370 349 306 200 181 50 1 2 3 4 5 6 7 8 9 10 11
Slide 30: Table of Contents
Table of Contents rsonal use only 1 TGME Gold Project Summary 2 TGME Gold Plant Construction 3 Transvaal Gold Mining Estates 4 Appendix
Slide 31: Total Mineral Resources of the 4 Mines included in the DFS
APP ENDIX THETA GOLD MINES | ASX: TGM Total Mineral Resources of the 4 Mines included in the DFS - Combined as of 1 February 2021 Stope Reef Stope Mineral Resource Reef Grade Grade Reef Width Stope width Content Tonnes Au Content Mine Reef Tonnes rsonal use only Classification g/t g/t cm cm cm.g/t M
Slide 32: Ore Reserve Estimate for TGM Mines
APP ENDIX THETA GOLD MINES | ASX: TGM Table: Ore Reserve Estimate for TGM Mines (Ore Reserve Plan) rsonal use only Notes: Notes: •An Ore Reserve cut-off of 170 cm.g/t has been applied for the Beta Mine. •An Ore Reserve cut-off of 160 cm.g/t has been applied for the Rietfontein Mine. •An Ore Reserve
Slide 33: Mineral Resource Statement – Underground Only
APP ENDIX THETA GOLD MINES | ASX: TGM Mineral Resource Statement – Underground Only (~4.5Moz) Reef Stope Reef Stope Mineral Resource Reef Grade Stope Grade Content Au Content Mine Reef Width width Tonnes Tonnes Classification g/t g/t cm cm cm.g/t Mt Mt kg koz Measured Frankfort Bevetts 7.13 5.37 73
Slide 34: Combined Mineral Resources Statement
APP ENDIX THETA GOLD MINES | ASX: TGM Combined Mineral Resources Statement (~6.1Moz) Combined Mineral Resource Resource Classification Type of Operation Tonnage Gold Grade Gold Content rsonal use only Mt g/t Kg koz Underground 0.091 5.37 489 15.7 Measured Open pit Tailings Total Measured 0.091 5.37
Slide 35: Mineral Resource Statement – Open Pit Only
APP ENDIX THETA GOLD MINES | ASX: TGM Mineral Resource Statement – Open Pit Only (~1.4Moz) Mineral Resource Reef Grade Reef Width Content Reef Tonnes Au Content Open Pit Mine Reef Classification 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
Slide 36: Contact Us
THETA GOLD MINES LIMITED Contact Us: rsonal use only Bill Guy (Executive Chairman) Email: billg@thetagoldmines.com Brent Hofman (Company Secretary) Email: brenth@thetagoldmines.com Registered and Principal Office Tel: +61 280 467 626 Email: info@thetagoldmines.com Suite 68, Level 35, International T
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