# TRX Gold Reports Robust Recovery Rates from Recent Study and Significant Increase in Plant Expansion Scope Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/trx-gold-reports-robust-recovery-rates-from-recent-study-and-significant-increas--6aa31d38-681e-4521-a9ad-bf2c3d2fe9d8 Original source: https://money.tmx.com/en/quote/TRX/news/7332580600173928/trx-gold-reports-robust-recovery-rates-from-recent-study-and-significant-increas Publisher: tmx Original announcement: 2026-04-08T10:15:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: TRX Gold Corporation - Ticker: TRX - Exchange: TSX - Region: Tanzania - Primary commodity: Gold - Secondary commodities: None reported - Document categories: Metallurgy, Production - Extracted: 2026-08-24 06:07:28 UTC Narrative sentiment: 0.80 · Bullish ## Minestarters Atlas summary TRX Gold has reported metallurgical recovery rates of 89-92%, exceeding the 88% assumed in its May 2025 PEA. The company is significantly expanding its Buckreef Gold Project plant scope, targeting a 3,500+ tpd SAG/Ball mill circuit to be operated alongside the existing 2,000 tpd plant. Reasoning: The announcement details superior metallurgical recoveries and a significant scale-up in processing capacity compared to the previous PEA, which directly enhances project economics despite higher CAPEX. - Positive factor: Recovery rates \(89-92%\) exceed PEA assumptions \(88%\) - Positive factor: Significant increase in plant throughput capacity \(3,500+ tpd vs 3,000 tpd\) - Positive factor: Expansion of plant scope to include existing 2,000 tpd plant alongside new circuit - Positive factor: Higher gold price assumptions vs PEA - Positive factor: Successful flotation and intensive leach optimization - Negative factor: Increased capital expenditure \($45-50M vs $30-35M implied by PEA\) Facts used in scoring: 3 ## Classification and evidence **High Recovery** Polarity: positive Definition: Recovery at or above the exceptional band for the commodity and processing route. Why it applies: Gold recoveries of 89-92% are robust for the described flowsheet. Evidence · text > Recovery rates between 89% - 92% were achieved **Mill Route** Polarity: neutral Definition: Processing via mill or concentrator \(CIL, CIP, tank leach, flotation\). Why it applies: The process involves SAG/Ball mill and flotation circuits. Evidence · text > specify a Semi Autogenous Grind \(“SAG”\) / Ball mill combination ## Extracted facts Stored fact records: 3. Some facts used in scoring do not have a stored record. ## Metallurgical Results (3) ### flotation [Link to this fact](https://atlas-staging.minestarters.com/news/trx-gold-reports-robust-recovery-rates-from-recent-study-and-significant-increas--6aa31d38-681e-4521-a9ad-bf2c3d2fe9d8#fact-metallurgical-facts-0) gold #### Identity - Commodity: gold - Ticker: TRX #### Test Work - Program Status: detailed - Test Type: flotation - Processing Route: flotation - Sample: flotation concentrate \(p80 75 microns\) #### Recovery - Recovery: 90.35 % - Recovery Basis: actual\_test - Mass Pull: 12.5 % #### Lab - Laboratory: Maelgwyn Mineral Services #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-08T00:00:00.000Z Reasoning: Recovery is within the strong band for flotation. - Positive factor: High recovery \(88-91.7%\) Evidence · text > produced high gold recoveries \(88% - 91.7%\) to a flotation concentrate at mass pulls of 10% - 15% ### intensive leaching [Link to this fact](https://atlas-staging.minestarters.com/news/trx-gold-reports-robust-recovery-rates-from-recent-study-and-significant-increas--6aa31d38-681e-4521-a9ad-bf2c3d2fe9d8#fact-metallurgical-facts-1) gold #### Identity - Commodity: gold - Ticker: TRX #### Test Work - Program Status: detailed - Test Type: intensive leaching - Processing Route: intensive oxidation and cyanidation - Sample: fine ground concentrate \(p80 20 microns\) #### Recovery - Recovery: 93 % - Recovery Basis: actual\_test #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-08T00:00:00.000Z Reasoning: High recovery achieved through intensive oxidation and leaching. - Positive factor: Exceptional recovery \(>93%\) Evidence · text > gold recoveries of the fine ground concentrate in excess of 93% of the flotation concentrate ### conventional leaching [Link to this fact](https://atlas-staging.minestarters.com/news/trx-gold-reports-robust-recovery-rates-from-recent-study-and-significant-increas--6aa31d38-681e-4521-a9ad-bf2c3d2fe9d8#fact-metallurgical-facts-2) gold #### Identity - Commodity: gold - Ticker: TRX #### Test Work - Program Status: detailed - Test Type: conventional leaching - Processing Route: conventional leaching - Sample: combined flotation tails \(Domain 1 and 2\) #### Recovery - Recovery: 90.5 % - Recovery Basis: actual\_test #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-08T00:00:00.000Z Reasoning: Total project recovery is higher than previously modeled. - Positive factor: Combined recovery \(89-92%\) exceeds PEA assumption \(88%\) Evidence · text > leading to a combined recovery of 89% - 92%, above the PEA recovery assumption of 88% ## How Atlas produces this analysis Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.