TRX Gold Expands Buckreef Project

TRX Gold announced robust metallurgical test results for its Buckreef Gold Mine, showing recovery rates between 89% and 92%. This has led TRX Gold to significantly increase the scope of its processing plant expansion, aiming for a 3,500+ tonnes per day capacity, up from the previously anticipated 3,000 tpd. The existing 2,000 tpd plant is also undergoing upgrades. TRX Gold has initiated a revision of the life-of-mine plan, considering the increased capacity and higher Gold prices, and has hired BBA Consultants to update the Preliminary Economic Assessment. The total capital costs for the expansion are estimated at $45-$50 million, an increase of $10-$15 million from initial estimates, but are expected to result in average annual Gold production exceeding 62,000 ounces.