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The Buckreef Gold Project
The Buckreef Gold Project is TRX Gold’s flagship — a low risk, high margin, open pit gold mining operation with production expansion potential and exceptional blue-sky opportunity, with ongoing exploration and brownfield drilling aimed at increasing the project’s mineral resource. An increase in annual gold production is planned for fiscal 2025, representing a de-risked opportunity to leverage the value of gold.
ABOUT TRX GOLD CORPORATION
TRX Gold is a high margin and growing gold company advancing the Buckreef Gold Project in Tanzania. Buckreef Gold includes an established open pit operation and 2,000 tonnes per day process plant with upside potential demonstrated in the April 2025 Preliminary Economic Assessment (the “PEA”). The PEA outlines average gold production of 62,000 oz per annum over 17.6 years, and US$701 million pre-tax NPV5% at average life of mine gold price of US$2,296/oz. The project hosts a Measured and Indicated Mineral Resource of 10.8 million tonnes (“MT”) at 2.57 grams per tonne (“g/t”) gold containing 893,000 ounces (“oz”) of gold and an Inferred Mineral Resource of 9.1 MT at 2.47 g/t gold for 726,000 oz of gold. The leadership team is focused on creating both near-term and long-term shareholder value by increasing gold production to generate positive cash flow to fund the expansion as outlined in the PEA and grow Mineral Resources through exploration. TRX Gold’s actions are led by the highest environmental, social and corporate governance (“ESG”) standards, evidenced by the relationships and programs that the Company has developed during its nearly two decades of presence in the Geita Region, Tanzania.
1See Disclaimer & Cautionary Notes Section.