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Theta Gold Mines Limited (ASX:TGM)

ALERT: Price-sensitive ASX Announcement for TGM
Current share price for TGM : $0.215 0.025 (13.16%)+
Announcement
Release
30 Apr 2026 2:29PM
Price at Release
$0.190
Full Release
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Summary
During the March 2026 quarter, Theta Gold Mines Limited made significant progress on the TGME Gold Project, releasing a Revised Feasibility Study that confirmed a 13.1-year Life of Mine and outlined strong project economics. The company advanced construction, with bulk earthworks and the securing of critical contracts. Funding was strengthened through equity raises and debt syndication discussions, with A$10.3 million raised and A$7.8 million in convertible loans converted into shares. The project remains on budget, with a focus on local employment, and Bill Guy represented TGM at industry conferences. The company's cash position at the end of the quarter was US$10.7 million, with a market capitalisation of A$242.92 million.
Key Points
  • Revised Feasibility Study confirmed strong project economics and 13.1-year LOM.
  • Progress in construction and securing key contracts for TGME Gold Project.
  • Equity funding of A$10.3 million raised, debt syndication discussions ongoing.
  • Conversion of A$7.8 million convertible loans to shares.
  • Project within budget and focus on local employment maintained.
  • Cash position of US$10.7 million as of 31 March 2026.
  • Market capitalisation of A$242.92 million at the end of the quarter.
  • Bill Guy represented TGM at major mining conferences.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.