Trx Gold Corporation · AMEX:TRX
Trx Gold — Investor Presentation (October 2024)
20 slides from Trx Gold's investor presentation, October 2024
Slide 1: Corporate Presentation: Growing the Buckreef Gold Project
CORPORATE PRESENTATION Growing the Buckreef Gold Project OCTOBER JULY 2024 2024 A low-cost, high-margin, gold mining operation NYSE-A: TRX / TSX: T RX TRXGOLD. COM
Slide 2: Disclaimer
DISCLAIMER TRX Gold Corporation (“TRX Gold” or the “Company”), has taken all reasonable care in Forward-Looking Statements producing and publishing information contained in this presentation. TRX Gold does not This presentation contains certain forward-looking statements as defined in the applicable
Slide 3: Fast-Paced Transformation and Growth
FAST-PACED TRANSFORMATION AND GROWTH ✓ Strengthened TRX ✓ Attains operational guidance; record annual o Deliver business plan Gold and Buckreef Balance sheet is for a much larger gold Gold Boards of gold production Complete 3rd mill cleaned up; growth mine operation Directors begins ✓ Record annual
Slide 4: Operate | Expand | Redefine: The Buckreef Gold Project
OPERATE | EXPAND | REDEFINE The Buckreef Gold Project Operations Expansion Exploration High-margin, low-risk gold 2,000 tpd mill expansion Ongoing drilling to unlock production in safe jurisdiction project built on-time and on- project potential beyond budget 2+M oz Mineral Resource1 G20,000 oz in P
Slide 5: Buckreef Gold Operational Growth Since 2021
BUCKREEF GOLD OPERATIONAL GROWTH SINCE 2021 300,000 280,000 260,000 240,000 1,000 tpd to 220,000 2,000 tpd Tonnes of ore milled 200,000 180,000 160,000 140,000 120,000 360 tpd to 1,000 tpd 100,000 80,000 120 tpd to 360 tpd 60,000 Test plant to 120 tpd 40,000 20,000 6,352 11,031 9,729 8,994 748 842 2
Slide 6: Prudent Capital Management Minimizing Shareholder Dilution
PRUDENT CAPITAL MANAGEMENT MINIMIZING SHAREHOLDER DILUTION Production & Sales Multiplier on Net Equity Cash Raised (Q1 2021 – Q3 2024) 45,000 38,320 40,000 Net amount raised $29,136 35,000 Less: Difference in Cash Balance 4,994 30,000 27,536 Net Equity Cash Raised $24,142 25,000 20,759 20,000 15,629
Slide 7: The Buckreef Gold Project Highlights
THE BUCKREEF GOLD PROJECT HIGHLIGHTS ▶ 2M+oz gold deposit (Measured & Indicated Resources)1 ▶ Deposit comes to surface - a relatively flat surface ▶ Deposit widths >20 meters with broad, consistent intervals of gold mineralization ▶ “Easy metallurgy” 90%+ gold recovery in oxide ore; 88%+ from sulphi
Slide 8: Buckreef Is Located in One of the Most Investable Jurisdictions in Africa
BUCKREEF IS LOCATED IN ONE OF THE MOST INVESTABLE JURISDICTIONS IN AFRICA Gold exports worth US$2.95B in Demonstrated support of 2023, up 39% from 2022, foreign investment, primarily generated by large particularly in the mining sector. scale mines. Over US$2B in M&A and IPO Well-established Mining
Slide 9: The Buckreef Gold Project Is Among the Largest Gold Deposits in Tanzania
THE BUCKREEF GOLD PROJECT IS AMONG THE LARGEST GOLD DEPOSITS IN TANZANIA Greenstone Belts Major Gold Deposits BR Buckreef BH Buhemba BU Bulyanhulu BZ Buzwagi GT Geita GO Gokona GP Golden Pride GR Golden Ridge KB Kiabakari MC Macalder NB Nyabirama NZ Nyanzaga NG Nyabigena RO Rosterman SE Sekenke TI T
Slide 10: 2,000+ Tonne Per Day Mill Expansion Commissioned
2,000+ TONNE PER DAY MILL EXPANSION COMMISSIONED Increase in gold production expected for F2025 Buckreef Gold new and Crushed material from new Buckreef Gold Tailings Storage Facility expanded crushing circuit Expansion at TSF 2.2; first lift crushing circuit completed and TSF is now operational ▶ I
Slide 11: Metallurgical Variability Study Results Support Mine Development and Future Expansion Plans
METALLURGICAL VARIABILITY STUDY RESULTS SUPPORT MINE DEVELOPMENT AND FUTURE EXPANSION PLANS ▶ Approximately 90% of Buckreef Gold’s 2M+oz gold Mineral Resource (Measured & Indicated Resources)1 mineral resource is Results indicate held in sulphide material Buckreef’s ability to grow gold production i
Slide 12: Return to the Drill Bit Expected in F2025
RETURN TO THE DRILL BIT EXPECTED IN F2025 Blue-sky potential still abound at Buckreef Gold PRIORITY IS TO FOLLOW-UP ON THE MOST RECENT EXPLORATION SUCCESSES, WITH THE GOAL OF INCREASING THE MINERAL RESOURCE ▶ Drilling at Anfield & Eastern Porphyry confirmed multiple zones of strong mineralization ru
Slide 13: Using Positive Operating Cash Flow from Mining to Fund Growth
USING POSITIVE OPERATING CASH FLOW FROM MINING TO FUND GROWTH TRX Gold consistently Evaluating M&A Additional capital Enhanced CSR/ESG delivering growth in strategies to grow programs for near-term programs and disclosure increasingly bullish gold project portfolio. production growth and supporting
Slide 14: Mindful ESG
MINDFUL ESG Work that benefits the people, the environment and the shareholders ▶ Prioritize hydroelectric power to site to ▶ Create training programs and hire local, reduce energy costs and environmental 100% Tanzanian, to create jobs and Reducing impact avoid skilled labor shortage Corporate ▶ Use
Slide 15: Capital Structure
CAPITAL STRUCTURE Well-positioned to self-fund projects FINANCIAL SNAPSHOT (at Quarter end May 31, 2022) TICKERS NYSE-A: TRX; TSX: TRX SHARE OWNERSHIP ANALYST COVERAGE Share price: (October 3, 2024) US$ 0.40 (C$ 0.55) Alliance Global Partners Target Price US$1.75 52-week range US$ 0.32 – 0.49 (C$ 0.
Slide 16: Executive Team
EXECUTIVE TEAM STEPHEN MULLOWNEY - CEO ANDREW CHEATLE – COO CHRISTINA LALLI – VICE PRESIDENT MICHAEL P. LEONARD – CFO ▶ Former Partner & Managing Director at ▶ 30+ years of global mining experience as ▶ Over 20 years capital markets and ▶ Distinguished career in the gold industry PwC, leading Deals
Slide 17: The Buckreef Gold Project Is a Unique Asset with a Meaningful Resource Base
THE BUCKREEF GOLD PROJECT IS A UNIQUE ASSET WITH A MEANINGFUL RESOURCE BASE AND GROWING PRODUCTION PROFILE Sustained organic growth in an increasingly bullish gold market environment High-margin gold ounces Significant gold Ongoing drilling of Sustained cash flow & increased production deposit 2+M o
Slide 18: Rapid Progress Thanks to Local & Regional Businesses & Governmental Support
RAPID PROGRESS THANKS TO LOCAL & REGIONAL BUSINESSES & GOVERNMENTAL SUPPORT
Slide 19: Endnotes
ENDNOTES ACRONYMS 1. The company has included certain non-IFRS measures in this presentation. Refer to pages 38 and 39 of the Company’s May 31 2024 MD&A for an M&I: Measured & Indicated Mineral Resources explanation, discussion and reconciliation of non-IFRS measures. The Company believes that these
Slide 20: Investor Relations Contact
INVESTOR RELATIONS CONTACT Christina Lalli Vice President, Investor Relations IR@TRXgold.com www.TRXgold.com