Theta Gold Mines retracts production target after ASX consultation

Theta Gold Mines Limited (Theta Gold) announced on October 3, 2025, the retraction of the "Base Case" production target and associated financial information from its Optimised Feasibility Study, released on September 30, 2025. This decision followed consultation with the ASX, which advised the company lacked a reasonable basis for the forward-looking statement.

The issue stemmed from the "Base Case" production target including an inferred mineral resource that constituted 54% of the total 1.31 Moz Mineral Resource Estimated. Consequently, the company has retracted the affected information, and investors are cautioned against using it for investment decisions.

However, Theta Gold noted that no concerns were raised regarding the reasonableness of the "Reserve Case" production target detailed in the same study. This announcement was approved for release by Theta Gold Mines Limited's board.