Trx Gold Corporation · AMEX:TRX
Trx Gold — Investor Presentation (March 2025)
22 slides from Trx Gold's investor presentation, March 2025
Slide 1: Corporate Presentation
CORPORATE PRESENTATION Growing the Buckreef Gold Project MARCH 2025 JULY 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: TRX Gold at a Glance
TRX GOLD AT A GLANCE Buckreef Gold Project Is a Unique Asset with a Meaningful Resource Base and Growing Production Profile ▶ TRX Gold is rapidly expanding the Buckreef Gold Project in Tanzania, consisting of a low-risk, high-margin open-pit gold mining operation and a 2-million-ounce gold 19,389 oz
Slide 4: Buckreef Gold Project: Major Emerging Producing Gold Mine in a Tier 1 Jurisdiction
THE BUCKREEF GOLD PROJECT IS A MAJOR EMERGING PRODUCING GOLD MINE IN A TIER 1 JURISDICTION WITH PROVEN LOW CASH COSTS AND SIGNIFICANT EXPLORATION UPSIDE Sustained organic growth in an increasingly bullish gold market environment Gold price >$2,900/oz this year, up 30% in 2024, hitting record levels
Slide 5: The Buckreef Gold Project Highlights
THE BUCKREEF GOLD PROJECT HIGHLIGHTS ▶ Significant Gold Resource: Over 2M oz of gold in Measured & Indicated Resources¹ ▶ Shallow High-Quality Deposit: Near-surface deposit with widths exceeding 20 meters, offering consistent and broad gold mineralization ▶ Superior Metallurgical Recoveries: “Easy m
Slide 6: Fast-Paced Transformation and Growth
FAST-PACED TRANSFORMATION AND GROWTH ✓ Attains operational ✓ More great drill results at ✓ Strengthened TRX Stamford Bridge Gold and Buckreef Balance sheet is guidance; record annual extending strike length Gold Boards of gold production Complete 3rd mill cleaned up; growth another 25 m Directors be
Slide 7: Buckreef Gold Operational Growth Since 2021
BUCKREEF GOLD OPERATIONAL GROWTH SINCE 2021 280,000 260,000 240,000 220,000 200,000 1,000 tpd Tonnes of ore milled 180,000 to 2,000 tpd 160,000 140,000 120,000 360 tpd to 100,000 1,000 tpd 80,000 120 tpd to 360 tpd 60,000 Test plant to 120 tpd 40,000 20,000 11,031 9,729 8,994 10,395 2,721 6,352 748
Slide 8: Prudent Capital Management Minimizing Shareholder Dilution
PRUDENT CAPITAL MANAGEMENT MINIMIZING SHAREHOLDER DILUTION Production & Sales Multiplier on Net Equity Cash Raised (Q1 2021 – Q1 2025) 25,000 20,759 20,864 Net amount raised $29,136 19,389 19,075 20,000 Less: Difference in Cash Balance 4,115 15,629 15,000 8,874 Net Equity Cash Raised $25,021 10,000
Slide 9: 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 10: Buckreef 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 11: First Quarter 2025 - Highlights
FIRST QUARTER 2025 - HIGHLIGHTS CAPTURING EXPLORATION RECORD GOLD DRILLING PRICES SUCCESS ▶ Record gold prices contributed to an ▶ Production in line with expectations increase in revenue, gross profit and and mine sequencing confirming adjusted EBITDA1 compared to the clear understanding of operati
Slide 12: Newly Expanded 2,000 tpd Processing Facility
NEWLY EXPANDED 2,000 TPD PROCESSING FACILITY: OPERATING IN LINE WITH EXPECTATIONS AND BENEFITTING FROM ECONOMIES OF SCALE Increase in gold production expected for F2025 Buckreef Gold new and Crushed material from new Buckreef Gold’s Open Pit Mine at expanded crushing circuit crushing circuit the Mai
Slide 13: Sulphide Bulk Study & 2024 Metallurgical Variability Test Results
SULPHIDE BULK STUDY & 2024 METALLURGICAL VARIABILITY TEST RESULTS SUPPORT MINE DEVELOPMENT AND FUTURE EXPANSION PLANS ▶ In May 2023, 6,500 tonnes of sulphide ore Results indicate were successfully processed through Buckreef’s ability to grow Buckreef Gold’s existing milling facility gold production
Slide 14: Drills Continue Turning in F2025
DRILLS CONTINUE TURNING IN F2025 Blue-sky potential plentiful at Buckreef Gold GOAL OF DRILLING IS TO INCREASE THE MINERAL RESOURCE BEYOND CURRENT 2M+ OUNCES1 ▶ Recent discovery of the new Stamford Bridge shear zone demonstrating similar geology as Buckreef Main. Stamford Bridge Zone ▶ Anfield & Eas
Slide 15: New Stamford Bridge Shear Zone Continues to Deliver Encouraging Drill Results
NEW STAMFORD BRIDGE SHEAR ZONE CONTINUES TO DELIVER ENCOURAGING DRILL RESULTS Returning best drill results EVER in Buckreef Gold’s history STAMFORD BRIDGE SHEAR ZONE ▶ Best drill result ever, on a gram x tonne x meters (“gtm”) basis: 250 m from Buckreef ➢ BMDD315 intersected 37 m @ 6.86 g/t Main Pit
Slide 16: 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 17: Capital Structure
CAPITAL STRUCTURE Well-positioned to self-fund future growth FINANCIAL SNAPSHOT (at Quarter end May 31, 2022) CAPITALIZATION SUMMARY SHARE PRICE & VOLUME Tickers NYSE-A: TRX; TSX: TRX Volume (mm) Price (US$) Share Price (February 28, 2025) US$ 0.29 (C$ 0.42) 52-week Trading Range US$ 0.29 – 0.49 (C$
Slide 18: Key Investment Highlights
KEY INVESTMENT HIGHLIGHTS A profitable and growing gold producer in Tanzania with high-grade discoveries & blue-sky potential ▶ 19.3k oz gold produced in F2024 Strong Growth & ▶ US$15.3M Adjusted EBITDA in F2024 → 44% gross margins Sustained Profitability ▶ Growth driven by ongoing successive mill e
Slide 19: Ability to Rapidly Move Projects Ahead Thanks to Local & Regional Support
ABILITY TO RAPIDLY MOVE PROJECTS AHEAD THANKS TO LOCAL & REGIONAL BUSINESSES & GOVERNMENTAL SUPPORT
Slide 20: Endnotes
ENDNOTES ACRONYMS 1. The company has included certain non-IFRS measures in this presentation. Refer to pages 41 and 42 of the Company’s November 30, 2024 MD&A for an explanation, M&I: Measured & Indicated Mineral Resources discussion and reconciliation of non-IFRS measures. The Company believes that
Slide 21: Executive Team
EXECUTIVE TEAM STEPHEN MULLOWNEY - CEO RICHARD BOFFEY – COO MICHAEL P. LEONARD – CFO ▶ Former Partner & Managing Director at ▶ Held several senior executive positions ▶ Distinguished career in the gold industry PwC, leading Deals Mining Group with multi-national mining companies with broad, progress
Slide 22: Investor Relations Contact
INVESTOR RELATIONS CONTACT IR@TRXgold.com www.TRXgold.com