Key Highlights
• Concrete Retaining Walls: Bulk excavations finished with casting of structural bases being finalised — a major milestone in civil works.
• Quality Control: All structural concrete to date has passed strength tests.
• Gold Room Platform Underway: Excavation complete, with backfilling and base construction underway.
• Smart Cost Savings: Leveraging existing infrastructure and in-house resources to deliver efficiency without compromise.
ASX-listed Theta Gold Mines has reported strong momentum on the TGME Gold Project, with bulk earthworks and civil engineering packages advancing on schedule and within budget.
These works are critical path items and mark a major milestone toward building the TGME Gold Plant.
Since project commencement, significant ground movement has been achieved across terraces 2, 3, and 4, with over 12,000 cubic meters of material relocated and positive engineering compaction results delivered.
Bulk excavations for concrete retaining walls are complete, and all but one base has been cast, with reinforcement of the final base underway. Project remains firmly on track for commissioning by end-2026. Construction of the gold room platform has begun, with backfilling and base construction scheduled next week.
Work on 19 bund wall extensions is progressing well: all bases are cast, five vertical extensions completed, and the remainder due within two weeks. These efficiencies leveraged on existing infrastructure and in-house resources, delivering significant cost savings without compromising quality.
Structural (12) concrete inspections have been completed, with all blinding, steel fixing, and pre-concrete inspections passing the required checks. Concrete test cube results received from the laboratory confirm that all samples have achieved target strength.
Every stage is subject to rigorous engineering sign-off and inspections by the engineering team, ensuring world-class standards and operational integrity.
All personnel already mobilised to site and plans for 500+ jobs at full production, the TGME Gold Project is driving local employment and economic uplift, supported by AI-driven training and a clear path to production.
Comments by the Executive Chairman, Bill Guy: “We are thrilled with the rapid progress at the TGME Gold Project, with bulk earthworks and civil works are advancing on schedule and within budget, a testament to the dedication and expertise of our team and contractors. These milestones bring us closer to commissioning the TGME Gold Plant by the end of 2026.”