Core Insights - Fortuna Mining Corp. has selected Lycopodium Minerals Canada Ltd. to conduct a Processing Plant Expansion Options Study for the Séguéla mine, marking a significant step in the company's growth strategy in Côte d'Ivoire [1][3][4] Group 1: Expansion Study Details - The Study aims to evaluate cost-effective solutions to increase the processing plant's throughput from its current capacity of 1.75 million tonnes per annum (Mtpa) to between 2.0 and 2.5 Mtpa, targeting over 200,000 ounces of gold production annually [4][5] - The completion of the Study is scheduled for the second quarter of 2026, with immediate commencement [6] Group 2: Strategic Objectives - The expansion initiative aligns with Fortuna's strategic goal to maximize value from the Séguéla Mine and accommodate resource growth, including potential underground mineralization from the Sunbird deposit [4][9] - The company aims to achieve approximately 500,000 ounces of annual gold equivalent production within the next three years [3][9] Group 3: Company Background - Fortuna Mining Corp. operates three mines and has a portfolio of exploration projects across multiple countries, including Argentina, Côte d'Ivoire, Mexico, and Peru, with a focus on sustainability and long-term value creation [8]

Core Viewpoint - TRX Gold Corporation is advancing the expansion and upgrade of the processing plant at the Buckreef Gold Project, aiming to increase throughput and gold production over the next 18-24 months [1][4]. Processing Plant Expansion - The company plans to expand the processing plant to include a 3,000+ tonne per day (TPD) circuit for sulphide ore and a 1,000 TPD circuit for oxide and transition material, with a total capital cost of approximately US$30 million [3][4]. - The new processing facility is expected to produce average annual gold production exceeding the previously estimated 62,000 ounces as outlined in the Preliminary Economic Assessment (PEA) [3][4]. Project Timeline and Financials - The expansion is scheduled to be rolled out over the next 18-24 months, with operational improvements anticipated to enhance financial performance [4]. - The project remains on budget, with upgrades financed through internally generated cash flow [4]. Technical Details of Upgrades - The upgrades include the installation of new equipment such as a jaw crusher, flotation and fine grind unit, and additional CIL tanks, aimed at improving recovery rates and throughput [7]. - The project consists of two main tracks: overall plant upgrades scheduled for completion in fiscal 2026 and the completion of the processing circuits by fiscal 2027 [7][8]. Production Capacity and Resource Estimates - The Buckreef Gold Project has a Measured and Indicated Mineral Resource of 10.8 million tonnes at 2.57 grams per tonne gold, containing 893,000 ounces of gold, and an Inferred Mineral Resource of 9.1 million tonnes at 2.47 grams per tonne gold for 726,000 ounces [14]. - The PEA outlines a pre-tax NPV of US$1.2 billion at an average life of mine gold price of US$3,000 per ounce [14].