Theta Gold Mines Limited provided an update on the MR 83 gold processing plant. Theta appointed MET63, which specialises in the design and construction of advanced modular processing plants, to undertake and complete the plant design, based on a thorough metallurgical testwork program, and with multi-tier internal and independent oversight. Key Features of the Gold Process Plant: The new gold process plant is designed to have a milling capacity of 540,000 tons per annum.

The plant design consists of two individual processing streams, capable of processing free-milling and sulphide ore separately. The new gold processing plant is designed to fit into the current plant footprint which forms part of the Mining Right MR83, therefore no additional environmental permitting will be required. The new processing plant components include three-stage crushing, milling, reagent, flotation, CIL, elution, and gold room sections.

The gold plant will produce dore gold bars. Engineering and costing have been completed to the required level of accuracy for the DFS. The completed design includes water and power reticulation with the scope to increase the capacity with modular units for future plant expansions, consistent with the Company's strategy to reach its gold production target of 160koz/p.a within five years.

The latest proven available automation technologies were incorporated into the gold processing plant design which will reduce labour requirements and enhance productivity levels. The tailings disposal will be onto the existing tailings storage facility located some 150m from the plant. Some existing plant infrastructures were incorporated into the new gold processing plant.