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As part of the TRX Gold expansion project, a new ball mill is delivered to the Buckreef gold mine

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Mining News

VIDEO: TRX Gold's Buckreef gold project set to soar with new 1,000-tonne-per-day mill expansion
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Monday October 02, 2023 15:33

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shutterstock_2021454473(Kitco News) - TRX Gold (TSX: TNX) (NYSE: TRX) announced Monday that the new 1,000 tonne per day capacity ball mill has arrived on site at the Buckreef gold project in Tanzania.  

Targeting an expected commercial production delivery date in the second half of fiscal 2024, TRX Gold said that its management team is on track and on budget towards delivering its third mill expansion within a 24-month period.

The mill expansion is expected to increase processing capacity from 1,000 tpd to 2,000 tpd, and on an average annual basis, increase ore throughput from 75% to 100%.

According to the company, the near doubling of milling capacity is expected to enable Buckreef Gold to increase gold production beyond the company’s fiscal 2023 annual guidance of 20,000-25,000 ounces of gold.

CEO Stephen Mullowney commented, “We are very pleased with the on-time arrival of the new ball mill at Buckreef Gold. Other long-lead items have also been ordered and we will be focused on getting the 2,000 tpd operation online as soon as possible so that we can reap the benefits of increased gold production.”

TRX Gold is advancing the Buckreef gold project in Tanzania. The project currently hosts measured and indicated mineral resources of 35.88 mt at 1.77 g/t gold containing 2,036,280 ounces of gold and inferred mineral resources of 17.8 mt at 1.11 g/t gold for 635,540 ounces of gold.

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.


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