06:48 AM EST, 11/04/2025 (MT Newswires) -- TRX Gold ( TRX ) on Tuesday provided an update on the processing plant expansion and upgrade at its Buckreef gold project in Tanzania.

The project involves the expansion and upgrade of the processing plant over the next two years to boost throughput and recoveries, followed by a transition from open pit to underground mining.

The company has started on a larger processing facility than initially contemplated in the preliminary economic assessment. The project now consists of a 3,000-plus tonne-per-day processing circuit for sulphide material as well as a 1,000-tpd processing circuit for oxide and transition material and tailings retreatment.

The PEA initially contemplated a single 3,000-tpd processing circuit for sulphide ore expected to produce 62,000 ounces of gold per year on average over 17.6 years.

The newly designed processing plant expansion will consist of plant upgrades and new components being integrated into the existing 2,000-tpd processing plant.

The increase in expected throughput from the larger processing circuit is now expected to produce more than the 62,000 ounces of gold per year initially contemplated in the PEA.

The overall project continues to be on budget and in line with capital cost estimates in the PEA.