TRX Gold (TRX) on Wednesday reported metallurgical test results showing recovery rates of 89% to 92% at its Buckreef gold project in Tanzania, exceeding the 88% rate assumption in its May 2025 preliminary economic assessment.
Tendering for the SAG mill has begun, with orders expected in Q3 2026 and completion targeted for Q2 2027.
TRX said it has hired P&E Mining Consultants to update the PEA, which is expected to be completed in Q4.
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