Trx Gold Corporation · AMEX:TRX
Trx Gold — Investor Presentation (January 2025)
22 slides from Trx Gold's investor presentation, January 2025
Slide 1: Corporate Presentation
CORPORATE PRESENTATION Growing the Buckreef Gold Project JANUARY JULY 20242025 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 such as “expects”, “anticipates”, “believes”, “hopes”, “intends”, “estimated”, “potential”, producing and publishing information contained in this presentation. TRX Gold does not “possible” and similar ex
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 19,389 ounces g
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 25,000 Multiplier on Net Equity Cash Raised (Q1 2021 – Q4 2024) 20,759 20,864 19,389 19,075 20,000 Net amount raised $29,136 Less: Difference in Cash Balance 5,659 15,629 15,000 Net Equity Cash Raised $23,477 8,874 Capital
Slide 7: Full-Year 2024 Highlights
FULL-YEAR 2024 HIGHLIGHTS OPERATING EXPLORATION CASH FLOW DRILLING SUCCESS ▶ Record revenue and EBITDA and to fund third mill expansion and sustained positive operating other value accretive activities. cashflow that will continue to fund ▶ Successful mill expansion and value enhancing activities. C
Slide 8: 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 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: 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 11: 3rd Successful Mill Expansion; What's Next for the Processing Facility
3rd SUCCESSFUL MILL EXPANSION; WHAT’S NEXT FOR THE PROCESSING FACILITY 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
Slide 12: 2023 Sulphide Bulk Sample Results Support Mine Development and Future Expansion
2023 SULPHIDE BULK SAMPLE 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 in a ▶ Approximately 90% of Buck
Slide 13: Drills Turning in F2025
DRILLS 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. ▶ Anfield & Eastern Porphyry: Multiple zones
Slide 14: Recent Discovery of the Stamford Bridge Shear Zone
RECENT DISCOVERY OF THE STAMFORD BRIDGE SHEAR ZONE 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: ➢ BMDD315 intersected 37 m @ 6.86 g/t Au (253.82 gtm) from 130 m. ➢ BMDD310 intersected 35.5
Slide 15: 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 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 projects FINANCIAL SNAPSHOT (at Quarter end May 31, 2022) TICKERS NYSE-A: TRX; TSX: TRX SHARE OWNERSHIP ANALYST COVERAGE Share price: (January 10, 2025) US$ 0.34 (C$ 0.50) Alliance Global Partners Target Price US$1.75 52-week range US$ 0.29 – 0.49 (C$ 0
Slide 18: Executive Team
EXECUTIVE TEAM STEPHEN MULLOWNEY - CEO RICHARD BOFFEY – COO CHRISTINA LALLI – VICE PRESIDENT MICHAEL P. LEONARD – CFO ▶ Former Partner & Managing Director at ▶ 35+ years of global mining experience as Chief ▶ Over 20 years capital markets and ▶ Distinguished career in the gold industry PwC, leading
Slide 19: 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 20: Rapid Progress Thanks to Local & Regional Businesses & Governmental Support
RAPID PROGRESS THANKS TO LOCAL & REGIONAL BUSINESSES & GOVERNMENTAL SUPPORT
Slide 21: 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 22: Investor Relations Contact
INVESTOR RELATIONS CONTACT Christina Lalli Vice President, Investor Relations IR@TRXgold.com www.TRXgold.com