TRX Gold Commissions Expanded Mill At Buckreef Gold
Throughput Capacity Expanding Threefold From Current Levels |
TORONTO, Ontario, September 29, 2022 – TRX Gold Corporation (TSX:TNX) (NYSE American:TRX) (the “Company” or “TRX Gold”) is pleased to announce that Buckreef Gold’s 1,000+ tonne per day (“tpd”) oxide mill circuit has been commissioned and is currently ramping up production. This mill expansionfrom its original 360 tpd capacitywas planned less than 12 months ago at a capital cost of US$4 million.
First ore has been introduced to the expanded processing plant and the team is ramping up throughput over the next month in order to reach nameplate capacity by the end of October. When operating at nameplate capacity of 1,000+ tpd, the operation is expected to produce an average of 15,000-20,000 ounces of gold annually over the life of the oxide mine plan. Approximately 10% of Buckreef Gold’s total mineral resource consists of oxide mineral resources.
The Buckreef Gold project has been transformed into a low-cost, high margin operation enabling the execution of TRX Gold’s growth-oriented business strategy. The Company’s focus is to utilize current gold production to fund value-accretive activities, such as mineral resource development, exploration and future processing plant expansions.