Pre-tax NPV5% of US$701M at US$2,296/oz
Increasing to US$1.2Bn at US$3,000/oz
TORONTO, April 22, 2025 (GLOBE NEWSWIRE) — TRX Gold Corporation (TSX: TRX) (NYSE American: TRX) (the “Company” or “TRX Gold”) is pleased to announce positive results of a Preliminary Economic Assessment (the “PEA”) on the expansion of its Buckreef Gold Project (“Buckreef Gold”) in Tanzania. The PEA evaluated the following scenario: (i) an expansion and upgrade of the existing process plant at Buckreef Gold to 3,000 tonnes per day (“tpd”); and (ii) a transition from open pit mining to underground mining over the next 2-3 years. The PEA will be filed under the Company’s profile on SEDAR+ within 45 days of this announcement.
Stephen Mullowney, TRX Gold CEO commented: “We have taken what we have learned over the past couple of years and have now provided a more in-depth roadmap of Buckreef Gold’s potential based on what…
