Q1 2025 TRX Gold Corp Earnings Call
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Speaker Change: Okay.
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Speaker Change: Thanks.
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Speaker Change: Yes.
Speaker Change: Sure.
Speaker Change: We do.
Speaker Change: Great.
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Speaker Change: Yes.
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Now being recorded theories I'm coming out of Tanzania around.
Speaker Change: Podcast around some of our employees, where we think we're going how we're interacting locally and all sorts of things will be pushed through our media channels over time, we do have.
Speaker Change: People hired in Tanzania to to help us do those type of podcast.
Speaker Change: And certainly we are doing more podcast over here so yes.
Speaker Change: This business as I said.
Speaker Change: It's a low cost asset even at low head grades, particularly expands there is a good investment thesis here and we need to get out to the market until more people about it.
Speaker Change: And then you have it.
Speaker Change: Trying to see if I got it.
Greg: Then Greg Greg is on the line.
Chuck: Chuck if you could if you could put in through that'd be great. Yes, Sir yeah, absolutely Mr. Greg Weaver with invested capital management. Please go ahead.
Greg: Yeah.
Speaker Change: Alright, Thanks, guys for giving me the opportunity here.
Speaker Change: Are you good good.
Speaker Change: Just two quick questions is the head grade, mainly a function of oxide versus sulfide ore body.
No high grade is just a function of there's different grades and different parts of deposit and you've got a mine it in sequence.
Speaker Change: Okay and.
Speaker Change: Could the plant in its current state handle a 100% sulfide ore.
Speaker Change: It's not ideal is certainly we would prefer to have the flotation circuit in in place for that and what happens in in the plant is.
Speaker Change: You have your activated carbon in your tanks and you want that carbon be floating in the tax. So you Wanna viscosity and tank that said that's a very good. So the ideal mix is about 10% to 15% oxides and the rest of the sulfides and you can get the floatation of your carbon to be decent with that and that's kind of what.
Speaker Change: How we feed it today.
Speaker Change: So is there enough oxides around a property to do that.
Speaker Change: You answered the question Okay. Thank you very much.
Speaker Change: Yeah.
Speaker Change: Thanks, Craig.
Speaker Change: The next question will come from Al Krueger with T. Rx. Please go ahead.
Speaker Change: Al.
Speaker Change: <unk> Your line is open.
Speaker Change: Kenya early Jack.
Speaker Change: Yeah, I can hear you yes.
Speaker Change: I've listened to different conversations.
Speaker Change: I'll ask on Youtube.
Speaker Change: Does a spot where we can go.
Speaker Change: Yes.
Speaker Change: All of these different conversations webcast can be accumulated were.
Speaker Change: Shareholder can go to.
Kristine: Yes, So kristine is currently.
Speaker Change: Pulling together the various articles and podcast that had been done by tier acts and we'll have them on our website.
For instance, there was a.
Speaker Change: An article by myself and the mining journal.
Speaker Change: This week, and where I was talking about you'll never explore.
Speaker Change: And that's been posted onto Linkedin and other sources, so we need to do a better job of getting that onto our website.
Speaker Change: Are you guys.
Speaker Change: And I watched.
Speaker Change: A couple of the conversations with your.
Speaker Change: Thanks.
Speaker Change: Danny.
Speaker Change: In terms of her.
And so hopefully I'll be back on.
Speaker Change: Yeah, we should data I'll follow up with a quarterly.
Speaker Change: Quarterly basis, with those guys and certainly both.
Speaker Change: And particularly Bill and also Danny have a have a following and an 8% through their various media channels as well.
Speaker Change: Thank you.
Speaker Change: And I'd like to Challenge me.
Speaker Change: I would like to hand, the call back over to Mr. Maloney for any written questions.
Speaker Change: Yeah, I think I don't think you don't know what we might have more written questions give me one second.
Speaker Change: No I don't think we have any other written yes, there's one more Steven from theater Smith, Okay, Mike you want to read it to me.
Speaker Change: Sure. The question was whether tariffs still participation to go see and the comment was that it appears as though the tendency in government is issuing 2000 additional mining licenses there, albeit it was an area that was previously designated as a quote forest reserve.
Speaker Change: Okay.
Speaker Change: Thank you Yossi Steven Leigh Yeah, So T Rx.
Speaker Change: No longer has cook Oc it didn't have Korea, obviously, when I joined just over four years ago. There was a a lawsuit with the government of Iraq go see and at the team here at the time.
Speaker Change: With regards to licenses being issued in that area I.
Speaker Change: I suspect that they're mainly primary mining licenses, which are smaller mining licenses.
Speaker Change: In that area of the numbers right 2000, it would be the smaller licenses. So right now no tier extra setup galassi. The only license that we have as a special mining license epoch grief.
David: David I think I think that answers all the questions that were both in the Q on voice and text.
David: Excellent well. Thank you thanks, everyone for joining today I'll leave you with this.
David: <unk>.
David: In a single mine asset you have to move through lower grade profiles at times.
David: As well as a stripping campaign that's normal.
David: The good news is theres, great exploration results continually coming in.
Speaker Change: We expect that to continue over time and also the assets proving itself out to be very low cost asset even at a low grade profile as well as a lower recovery profile in a plant that can get a lot more efficient.
Speaker Change: As Youre hearing on this call, we're still a low cost asset. So it is proving out that in Tanzania. We can operate at a very low cost we can build at a very low cost.
Speaker Change: For instance, this plant has costed us less than $20 million and I continually say this other assets to build the same sized plant are in the $70 million to $80 million range. We've done. This on time on budget and extremely cost effective and are still very low cost are there improvements to be made yes.
Speaker Change: But I don't think and I am quite confident saying this I don't know anybody who's got it on this cost basis anywhere else.
Speaker Change: And so.
Speaker Change: Whenever reflect on that the growth profile of this business can continue on a very low cost basis very visa V. At our miners that are out there I would encourage you to tell your friends at that if we continue to build this out.
Speaker Change: That is going to be at a low cost basis going forward. So.
Speaker Change: That's what we're looking at Richard and our conversation to joined I think Youre seeing the same thing as we pieces together as we have a flow sheet right in front of us.
Speaker Change: Our cost out and all the low cost relative to what others will build it for them again.
Speaker Change: So lots of potential load.
Speaker Change: Most of the potential lots of room for improvement as well so.
Speaker Change: I don't want a wonderful ore body.
Speaker Change: To boot.
Speaker Change: Yeah, there's plenty of scope for us to increase production skyline.
Speaker Change: We can play.
Speaker Change: And throughput Camden production once we get these all these higher grades for the deeper sections of the bill.
Speaker Change: Good morning.
Speaker Change: And find other goals like Stamford bridge near field, and hopefully move gas equivalent.
Speaker Change: Absolutely. So there's lots of potential here, we're excited and we're doing it at a low cost basis and stay tuned.
Speaker Change: So as it was in Tanzania SRT Center.
Speaker Change: Thank you very much.
Speaker Change: This brings our close of today's meeting you may now disconnect. Thank you for your participation and have a pleasant day.
The conference is no longer being recorded.
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Speaker Change: Sure.
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