TRX Gold (TNX) Registration Filing summary

Company overview and business model

• Focuses on exploration and development of gold properties, primarily in Tanzania, with the Buckreef Gold Project as its main asset, held through a joint venture (55% owned by subsidiary, 45% by Tanzanian government agency STAMICO).

• Buckreef Gold Project hosts a measured and indicated resource of 35.88 million tonnes at 1.77 g/t gold (2,036,280 oz) and an inferred resource of 17.8 million tonnes at 1.11 g/t gold (635,540 oz).

• Produced 19,389 ounces of gold in fiscal 2024, with plans to increase throughput and production in fiscal 2025 via an expanded processing plant.

• Emphasizes ESG standards and maintains strong community relations in Tanzania.

Financial performance and metrics

• Produced and sold approximately 19,389 and 19,075 ounces of gold, respectively, in fiscal 2024, compared to 20,759 and 20,864 ounces in fiscal 2023.

• As of August 31, 2024, had cash of approximately $8.3 million.

• 280,873,229 Common Shares issued and outstanding, with additional warrants, stock options, and RSUs potentially increasing share count.

Use of proceeds and capital allocation

• Net proceeds from securities sales intended for capital expenditures, continued exploration, development, acquisitions, general corporate purposes, and working capital.