Theta Gold Mines Limited Permit Update – TGME Underground Gold Project

Sydney, Australia (ABN Newswire) – Theta Gold Mines Limited (ASX:TGM) (FRA:3LM) (OTCMKTS:TGMGF) is pleased to announce that the final environmental and Environmental Management Program (EIA/EMPr) have been submitted to the Department of Mineral Resources and Energy (DMRE) and the final technical documents for the Integrated Water Use License application to the Department of Energy. and Sanitation (DWS) for final decision.

The outcome of the DMRE and DWS decisions on the applications is expected in the fourth quarter of 2022 with an additional 90-day review and objection period. A positive decision from the competent authorities will allow the Company to start its MR83 underground project.

Over 20 studies were completed as part of the EIA process (see Annex 1 below for a list of studies). The findings of the EIA/EMPr and specialist studies did not identify any fatal flaws, unresolved objections, or significantly elevated impact ratings.

The required mitigation measures are all imminently achievable and this should provide all interested and affected parties with certainty that the impacts of our proposed activities will not threaten the environment.

A comprehensive stakeholder engagement process was undertaken prior to submission of applications. A very successful open day was held at Pilgrims Rest on May 28, 2022. Feedback from the open day was very positive and the community is very excited about the job opportunities and economic boost that will be created by the project. With the good attendance at the open day and various other stakeholder meetings, it can be concluded that the procedural requirement for consultation during the EIA phase is met. (Refer to Annex 2 * photographic records of stakeholder engagement).

An application for an air emissions permit was also submitted to the Department of Forestry, Fisheries and Environment in June 2022. The application is currently available for public comment for a 30-day period ending August 10, 2022 A final decision on the application is expected by the end of the third quarter of 2022. This license will allow the operation of the processing plant. (Appendix 4* contains an advertisement placed to inform stakeholders of the application).

Chairman, Mr. Bill Guy, said: “We are now entering the final phase of the environmental assessment licensing process, with strong community support. All workflows have been completed and final documentation has been handed over to DMRE so that a decision regarding the resumption of mining on MR83 can be made. made.”

“Theta has received many letters of support from interested and affected parties (Ehlanzeni District Municipality, Mpumalanga Department of Cooperative Governance and Traditional Affairs and local ward councilors). The local community and landowners have a direct interest in the project within the framework of the BEE structure.”

“We also confirm that a decision from the DFFE regarding continued mining under Forrest Reserve is expected in the third quarter of 2022 (see ASX statement dated October 25, 2021 “TGME PROJECT PERMITTING UPDATE” Affecting the Beta and CDM mines).The company has offered to include environmental compensation in our growing ESG program, which will have a positive impact on the local catchment area for years to come.Our decision to form the cornerstone of this investment and working with stakeholders and the DFFE should benefit future generations in the region”.

*To see all details, tables and figures, please visit:
https://abnnewswire.net/lnk/NA8L2Q11

About Theta Gold Mines Limited:

Theta Gold Mines Limited (ASX:TGM) (OTCMKTS:TGMGF) is a gold development company that holds a range of prospective gold assets in South Africa’s world-renowned gold mining region. These assets include several high-grade, near-surface and surface gold projects that offer cost advantages over other gold producers in the region.

Theta Gold Mines main project is located adjacent to the historic gold mining town of Pilgrim’s Rest in Mpumalanga Province, approximately 370 km northeast of Johannesburg by road or 95 km north of Nelspruit (capital of the province of Mpumalanga). After small-scale production from 2011 to 2015, the Company is currently focusing on the construction of a new gold processing plant within its approved footprint at the TGME plant, and for the processing of oxidized gold ore Theta Open Pit. Surface and underground mines and nearby prospects are expected to be further assessed in the future.

The company aims to build a solid production platform of more than 100 Kozpa based primarily on shallow, open-pit or gallery-entry hard rock mining sources. Theta Gold Mines has access to over 43 accessible and explorable historical mines and prospecting areas, with over 6.7 Moz of recorded historical production.

Source:
Theta Gold Mines Limited

Contact:

Bill Guy, Chairman 
Theta Gold Mines Limited
T: + 61 2 8046 7584
E: [email protected]
 

Bonny J. Streater