The following is excerpted from the question-and-answer section of the transcript.
(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)
Question: Heiko Ihle - H.C. Wainwright & Co - Analyst
: Hey, there. Thanks for taking my questions and welcome to Richard. I think you handle getting put on the spot with a soccer trivia quite well. I'm
a Bundesliga fan. So anyways (multiple speakers) Well, congratulations on some pretty nice drilling that you guys said that should keep the site
going for a long time, too. Looking at some of the historical head grades, obviously, the 1.29 grams per tonne we had in the quarter was a bit lower.
I assume that pendulum is going to swing back in the near term and for the rest of the calendar year as well and fiscal year. But that said, the
recovery rate declined quite meaningfully. And obviously, this was due to the lower grade ore and the stripping. But then in the release, you also
said it's going to get better in the second half of 2025. So just to confirm, is there going to be any impact at all this quarter? And if so, how much?
Just trying to work on our model, please.
Question: Heiko Ihle - H.C. Wainwright & Co - Analyst
: Fair enough. Moving on from all that. That's actually a very comprehensive answer, and I appreciate it. It's now been four months since the official
commissioning of your plant back in September. I mean, given the recency of all of that, are there still any quantifiable improvements that you're
seeing on, say, on a week-by-week basis right now? You've hinted at some things in your prepared remarks earlier, but I mean, maybe just some
granularity you can provide the analysts and investor community, please?
Question: Heiko Ihle - H.C. Wainwright & Co - Analyst
: Sounds good. Thank you very much. I'll get back in the queue.
Question: Richard Niehuser - Roth Capital Partners - Analyst
: Good, thank you. With regards to a flotation circuit. What would be the timing of that assuming that you decide to move forward with it? And how
much of that could be funded do you think, internally?
Question: Richard Niehuser - Roth Capital Partners - Analyst
: Okay. And with regards to Stanford Bridge, I can't recall how that discovery was made as if it kind of showed itself in the pit wall. It seems like when
I was out there, there was some higher grades in that area where that might be coming in, but I may be wrong. But how soon could -- how was
that discovered? And how soon could that come into the mine plan?
Question: Richard Niehuser - Roth Capital Partners - Analyst
: Yeah. How soon could it be? Because my thought was that the fact that you could see it on the side of the pit seems like you don't have to go deep
to get at least some of the goodness out of it. But it looks like it's right there. But then again it looks like it extends a lot deeper too. And I just -- it's
still early days of course. But just curious what your thoughts are.
Question: Richard Niehuser - Roth Capital Partners - Analyst
: Thank you. Good answer. And if I could just ask Richard, what he's excited about coming to TRX?
And that's my last question.
Question: Richard Niehuser - Roth Capital Partners - Analyst
: Very good. Thank you.
Question: Greg Weaver - Invicta Capital Management LLC - Analyst
: Hi, thanks guys for giving me the opportunity here.
Question: Greg Weaver - Invicta Capital Management LLC - Analyst
: Good. Just two quick questions. Is the head grade mainly a function of oxide versus sulfide ore body?
Question: Greg Weaver - Invicta Capital Management LLC - Analyst
: Okay. And could the plant in its current state handle 100% sulfide ore?
Question: Greg Weaver - Invicta Capital Management LLC - Analyst
: Right. You answered that question. Okay. Thank you very much.
Question: Al Krug - TRX - Analyst
: I've listened to different conversations of TRX on YouTube. Is there a spot where we can go? And where these different conversations webcast can
be accumulated where a shareholder can go to?
Question: Al Krug - TRX - Analyst
: And I watched a couple of the conversations with the old folks: Danny, and Bill Holter, and so forth. And so hopefully I'll be back on.
Question: Al Krug - TRX - Analyst
: Thank you.
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