Business
TRX Gold Files NI 43-101 Preliminary Economic Assessment for the Buckreef Gold Project
TORONTO, May 27, 2025 (GLOBE NEWSWIRE) -- RX Gold Corporation (TSX: TRX) (NYSE American: TRX) (the “Company” or “TRX Gold”) has filed on SEDAR+ a Technical Report prepared in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”) on the Buckreef Gold Project (“Buckreef Gold”), titled Preliminary Economic Assessment and Updated Mineral Resource Estimate of the Buckreef Gold Mine Project, Tanzania (“PEA”). The PEA supports disclosure made by the Com
About this update from Trx Gold Corporation
[{"type":"image","alt":"TRX Gold Corporation","displaySize":"","headline":null,"caption":"TRX Gold Corporation","className":"","disableSlideshowImg":false,"size":{"original":{"width":300,"height":48,"url":"https://media.zenfs.com/en/globenewswire.com/589c4c920d632319f2176cd33060ef96"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/pE4tXSy088U_HwVPxf6uLQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTY3O2NmPXdlYnA-/https://media.zenfs.com/en/globenewswire.com/589c4c920d632319f2176cd33060ef96","width":300,"height":48}},"lazy":false},{"type":"text","content":"TORONTO, May 27, 2025 (GLOBE NEWSWIRE) -- RX Gold Corporation (TSX: TRX) (NYSE American: TRX) (the “Company” or “TRX Gold”) has filed on SEDAR+ a Technical Report prepared in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”) on the Buckreef Gold Project (“Buckreef Gold”), titled Preliminary Economic Assessment and Updated Mineral Resource Estimate of the Buckreef Gold Mine Project, Tanzania (“PEA”). The PEA supports disclosure made by the Company in its news release dated April 22nd, 2025, titled “TRX Gold Reports Robust PEA On Next Buckreef Gold Expansion”. There are no material differences in the PEA from those results disclosed in the April 22nd, 2025, news release.","length":741,"tagName":"p"},{"type":"text","content":"Buckreef Gold PEA Highlights:","length":29,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"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.","length":240,"tagName":"p"}]},{"val":[{"type":"text","content":"Base case NPV5% of US$701 million pre-tax, or US$442 million after tax at consensus forecast case gold prices (US$2,707/oz year 1, US$2,646/oz year 2, US$2,495/oz year 3, US$2,400/oz year 4, US$2,245/oz thereafter) and NPV5% of US$1,181 million pre-tax, or US$766 million after tax at an upside US$3,000/oz gold price sensitivity;","length":330,"tagName":"p"}]},{"val":[{"type":"text","content":"The PEA demonstrates the Company’s ability to potentially finance the expansion from internally generated cash flow without an upfront capital requirement, thus there is no quoted Internal Rate of Return;","length":204,"tagNa...