Trx Gold Corporation · AMEX:TRX
Trx Gold — Investor Presentation (July 2024)
19 slides from Trx Gold's investor presentation, Jul 2, 2024
Slide 1: A Fast-Paced Growth Story
A FAST -PACED GROWTH STORY Growing a low-risk, high-margin gold mining operation in Tanzania NYSE-A: TRX / TSX: T RX TRXGOLD. COM JULY 2, 2024 1
Slide 2: Cautionary Note
CAUTIONARY NOTE TRX Gold Corporation (“TRX Gold” or the “Company”), has taken all reasonable care in producing and publishing information contained in this presentation. TRX Gold does not warrant or make any representations regarding the use, validity, accuracy, completeness or reliability of any cl
Slide 3: 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 25,000 to 30,000 Significant Gold Deposit Substantial Blue-Sky Sustained cash flow high-margin gold 2M+ Measured & Potential from operations from ounces forecasted for Indicated Resources1 Ongo
Slide 4: Buckreef is located in one of the most investable jurisdictions in Africa
BUCKREEF IS LOCATED IN ONE OF THE MOST INVESTABLE JURISDICTIONS IN AFRICA TANZANIA ▪ Demonstrated support of foreign investment, particularly in the mining sector. ▪ Over US$2B in M&A and IPO transactions in country in the last 24 months. ▪ Tanzania has a mature mining sector that substantially cont
Slide 5: Buckreef Gold Project is among the largest gold deposits in Tanzania
THE BUCKREEF GOLD PROJECT IS AMONG THE LARGEST GOLD DEPOSITS IN TANZANIA Source: International Union of Geological Sciences, 2023 NYSE-A: TRX / TSX: T RX TRXGOLD. COM JULY 2, 2024 5
Slide 6: Fast-Paced Transformation & Growth
FAST-PACED TRANSFORMATION & GROWTH 2021 2022 2023 2024 2025 • Refreshed management team • Balance sheet is cleaned up • Buckreef Gold expansion from • Targeting 25,000 – 30,000 • Target increase in (CEO, CFO, COO) joins the 360 tpd to 1,000 tpd operation ounces of gold for F2024 production Company •
Slide 7: Prudent Capital Management Minimizing Shareholder Dilution
PRUDENT CAPITAL MANAGEMENT MINIMIZING SHAREHOLDER DILUTION Multiplier on Net Equity Cash Raised Production & Sales (Q1 2021 – H1 2024) 45,000 40,000 38,320 Net amount raised Less: Difference in Cash Balance $29,136 5,287 TRX has been successful in 35,000 30,000 Net Equity Cash Raised $23,849 deliver
Slide 8: The Buckreef Gold Project Property Highlights
THE BUCKREEF GOLD PROJECT PROPERTY HIGHLIGHTS ▪ 2M+oz gold deposit (Measured & Indicated Resources)1 ▪ Deposit comes to surface - a relatively flat surface ▪ Deposit has wide widths at greater than 20 meters with broad, consistent intervals of gold mineralization ▪ “Easy metallurgy” 90%+ gold recove
Slide 9: An Exceptional Year of Growth in 2023 Is a Springboard for Future Expansion
AN EXCEPTIONAL YEAR OF GROWTH IN 2023 IS A SPRINGBOARD FOR FUTURE EXPANSION BUCKREEF GOLD PROJECT FISCAL 2023 ▪ Buckreef poured 20,759 ounces of gold in F2023, in line with guidance and 134% (in US$) production increase compared to F2022 Gold ounces sold 20,864 ▪ Mining operation consistently demons
Slide 10: 2,000+ Tonne Per Day Mill Expansion Nearing Completion
2,000+ TONNE PER DAY MILL EXPANSION NEARING COMPLETION INCREASE IN GOLD PRODUCTION IN SIGHT FOR H2 2024 AND F2025 ▪ The 2,000 tpd expansion is advancing on time and on budget; completion slated for early Q4. ▪ New crushing circuit commissioned and already demonstrating improved grade recoveries and
Slide 11: 2023 Sulphide Bulk Sample Results Support Mine Development and Future Expansion Plans
2023 SULPHIDE BULK SAMPLE RESULTS SUPPORT MINE DEVELOPMENT AND FUTURE EXPANSION PLANS ▪ In May 2023, 6,500 tonnes of sulphide ore were successfully processed through Buckreef Gold’s existing milling facility ▪ Approximately 90% of Buckreef Gold’s 2M+oz gold Mineral Resource (Measured & Indicated Res
Slide 12: Using Positive Operating Cash Flow from Mining to Fund Growth
USING POSITIVE OPERATING CASH FLOW FROM MINING TO FUND GROWTH ▪ Executing on 3rd mill expansion in 36 months, successfully delivering growth in increasingly bullish gold market. ▪ Additional capital programs focused on near-term production growth and optimizing longer-term mine plan for next 5 to 7
Slide 13: Return to the Drill Bit Expected in Q4 2024
RETURN TO THE DRILL BIT EXPECTED IN Q4 2024 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 mineralizati
Slide 14: Mindful ESG
MINDFUL ESG WORK THAT BENEFITS THE PEOPLE, THE ENVIRONMENT AND THE SHAREHOLDERS Prioritize hydroelectric power to site to reduce energy costs and environmental impact Use capable local suppliers and tradesmen to stimulate local economy and create local Reducing supply chain, avoiding delays and cost
Slide 15: Capital Structure
CAPITAL STRUCTURE WELL-POSITIONED TO SELF-FUND PROJECTS Tickers NYSE-A: FINANCIAL SNAPSHOT (at Quarter TRX; TSX: end May TRX 31, 2022) SHARE OWNERSHIP ANALYST COVERAGE Share price: (June 27, 2024) US$ 0.40 (C$ 0.54) Alliance Global Partners 52-week range US$ 0.32 – 0.49 (C$ 0.38 – 0.68) Target Price
Slide 16: Executive Team
EXECUTIVE TEAM STEPHEN MULLOWNEY – CEO KHALAF RASHID – SVP, TANZANIA & MD ▪ Former Partner & Managing Director at PwC, leading ▪ Distinguished career in Tanzanian business, politics Deals Mining Group and Government ▪ Vast experience in advising mining companies and ▪ Vastly experienced in advising
Slide 17: Rapid Progress Thanks to Local & Regional Businesses & Governmental Support
RAPID PROGRESS THANKS TO LOCAL & REGIONAL BUSINESSES & GOVERNMENTAL SUPPORT NYSE-A: TRX / TSX: T RX TRXGOLD. COM JULY 2, 2024 17
Slide 18: Investor Relations Contact
INVESTOR RELATIONS CONTACT Christina Lalli Vice President, Investor Relations IR@TRXgold.com www.TRXgold.com NYSE-A: TRX / TSX: T RX TRXGOLD. COM JULY 2, 2024 18
Slide 19: Endnotes Acronyms
ENDNOTES ACRONYMS 1. The company has included certain non-IFRS measures in this M&I: Measured & Indicated Mineral Resources presentation. Refer to pages 37 and 38 of the Company’s February 29, g/t: grams per tonne 2024 MD&A for an explanation, discussion and reconciliation of non- tph: tonnes per ho