Turaco Gold Ltd · ASX:TCG
Turaco Gold — Merger or Acquisition (November 2023)
26 slides from Turaco Gold's merger presentation, November 2023
Slide 1: Afema Gold Project Acquisition
Afema Gold Project Acquisition A Giant Step to Becoming the Next West African Gold Producer November 2023 Page 1 turacogold.com.au
Slide 2: Disclaimer & Cautionary Statement
Disclaimer & Cautionary Statement This Presentation has been prepared as a summary only and does not contain all information about Turaco Gold Limited's (“TCG”, “Turaco” or the “Company”) assets and liabilities, financial position and performance, profits and losses, prospects and rights and liabili
Slide 3: Turaco Gold | Corporate Overview
Turaco Gold | Corporate Overview 502.7M1 Shares on Issue A$35M (@ 7c2) Justin Tremain John Fitzgerald Alan Campbell Bruce Mowat Rob Seed Elliot Grant Market Cap Managing Director Non-Exec Chair Non-Exec Director Non-Exec Director Chief Operating Officer Chief Geologist (new appointment) • Experience
Slide 4: The Right Address | The Country
The Right Address | The Country Cote d’Ivoire West Africa is no longer ‘West Africa’ Without question, Cote d’Ivoire is the ‘Tier One’ of West Africa • Political stability with strong economic performance • Safe jurisdiction with low security risk • Stable mining code | proven for mine permitting an
Slide 5: Birimian Craton
Birimian Craton World Class Terrain • Largest exploration position in Cote d’Ivoire • All projects located on prospective Birimian greenstone, proximal to major mines or discoveries Afema Gold Project • Project area >1,250km2 in southeast Cote d’Ivoire • Granted Mining Permit covering 227km2 togethe
Slide 6: The Right Address | Location
The Right Address | Location Convergence of World Class Gold Belts • Extension and convergence of two of Ghana’s main gold belts into southeast Cote d’Ivoire • >US$40 million of past exploration expenditure within the Mining Permit • Over 250,000 metres of past drilling along the +25km ‘Afema Shear’
Slide 7: The Right Address | Geology
The Right Address | Geology Muti Million Ounce Gold System • Multiple mineralised structures each extending 5-25kms in length within the project area • Afema Shear • Nianemlessa-Affienou Shear • Woulo Woulo splay • Koffikro contact anomaly • Ayame contact anomaly • Afema Shear deposits along eastern
Slide 8: The Right Address | Scale
The Right Address | Scale Muti Million Ounce Gold System • Severely underexplored outside the Afema Shear with several large anomalies in promising geological positions No known drilling beyond the Mining Permit • Strongly anomalous intrusive contacts that are untested with drilling • Excellent corr
Slide 9: Woulo Woulo: A New Discovery
Woulo Woulo A New Discovery • New discovery by Teranga Gold in September 2020 • Targeted gold in soil and trenching anomaly • >22,000m drilling (137 DD/23 RC holes) 2.9kms ‘OPEN’ • Almost 3kms of strike drilled on 40m sections, generally to 120m depth • Large mineralised system warranting significan
Slide 10: Woulo Woulo: A New Discovery
Woulo Woulo A New Discovery • Very consistent gold grades across width mineralisation and along the almost 3kms of drilled strike • Wide zones of mineralisation from surface for low strip ratio mining • Width of host unit appears to be thickening at depth on many sections • Typical results along the
Slide 11: Afema Shear
Afema Shear • Extension of the World class Sefwi-Bibiani Ghanian Gold Belt • +25km of gold mineralisation within Mining Permit • 250,000m of drilling confirms a very large gold system • 15 known drilled deposits of which only 2 have been tested with deeper drilling • Jonction • Anuiri • Substantial
Slide 12: Afema Shear | Anuiri Deposit
Afema Shear | Anuiri Deposit • Along the south-central portion of the Afema Shear • 500m strike extent drilled to ~300m depth • Significant unmined oxide mineralisation remaining • Several southerly plunging high-grade shoots. Drill results include: o 33m @ 7.53g/t gold from 118m (fresh) o 64m @ 3.0
Slide 13: Afema Shear | Jonction Deposit
Afema Shear | Jonction Deposit • Positioned at the northern end of the Afema Shear • 400m strike extent drilled to ~500m depth • Significant unmined oxide mineralisation remaining • Continuous, very high-grade (+5g/t) shoot plunging to the south • Drill results include: o 40.6m @ 7.13g/t gold from 0
Slide 14: Nianemlessa Shear
Nianemlessa Shear • Southern portion of the 20km anomalous Nianemlessa Shear has the highest and most consistent gold-in-soils at Affienou Prospect • Located within 10km of Woulo Woulo • Located within exploration permit application area remains untested with drilling • Channel sampling and trenchin
Slide 15: Golden Exploration Potential
Golden Exploration Potential Testing of priority undrilled targets within 20km project radius o Strike extensions of Woulo Woulo and parallel structures o Affienou o Koffikro o Baffia • Substantial portion of the exploration application tenure is unsampled • Regional trenching and sampling in conjun
Slide 16: Milestones & Objectives
Milestones & Objectives Immediate drilling Short term JORC Mineral Resource modelling and estimation Commencement of Preliminary Feasibility Study Aggressive exploration targeting new discoveries within a 20km project radius 1H CY2024 2H CY2024 1H CY2025 2H CY2025 1H CY2026 Acquisition Compl
Slide 17: Afema | Transaction Overview
Afema | Transaction Overview Endeavour Consideration • Right to 70% ownership for minimal shareholder dilution (~9%) Shares 46.5M • Endeavour to become 9% shareholder (~9%) • Comprehensive agreements: • Drag along rights • Control • Decision to mine mechanism Existing Shares • Sodim may convert to 2
Slide 18: The Opportunity | Why Turaco?
The Opportunity | Why Turaco? Opportunity introduced via Turaco’s relationship within Cote d’Ivoire Initial review of the Afema Project occurred in May 2022 Protracted and extensive due diligence and negotiations with two owners extending for almost 18 months Persistence and willingness to r
Slide 19: Overview
Overview Right to 70% and control of an Significant advancement advanced gold project with towards Turaco’s objective of tremendous growth potential growth towards production Team with proven track record Immediate drilling for in discovery and adding maiden JORC Resource and shareholder value new d
Slide 20: Appendix: Existing Projects
Appendix Existing Projects Page 20 turacogold.com.au
Slide 21: Eburnea Project: New Gold Discovery | Satama
Eburnea Project New Gold Discovery | Satama • 690km2 granted tenure across two permits in central Cote d’Ivoire Satama (100%) o Located on the Ouango-Fini shear which represents the southern extension of the prolific Hounde Belt into Cote d’Ivoire o New +2km gold discovery within a 10km gold anomaly
Slide 22: Eburnea Project: Large Mineralised System at Satama
Eburnea Project Large Mineralised System at Satama • Over 30,000m drilling in past 18 months following auger results in early 2022 • Gold mineralisation delineated in drilling over +2kms in strike across broad widths, with multiple trends • Mineralisation from surface and extends into fresh rock ben
Slide 23: Eburnea Project | Bouake North
Eburnea Project | Bouake North Stream Anomalies • Only 5% of permit explored T1 T4 • Stream sampling results indicative of large scale discovery potential Bouake North Soil Anomaly • Soil sampling and mapping underway • First pass, shallow drilling returned high T5 grade results including 3m @ 35.79
Slide 24: Northern Cote d'Ivoire
Northern Cote d’Ivoire Boundiali | Tongon North | Ferke Projects Odienne Project • 758km2 position with +30km long gold anomaly • Positioned on the Archean margin as an extension of the Siguiri basin in northwest Cote d’Ivoire Tongon North • ~1,540km2 consolidated position on the Senoufo Belt • Majo
Slide 25: Competent Persons Statement
Competent Persons Statement Competent Persons Statement The information in this report that relates to Exploration Results and Exploration Targets is based on information compiled by Mr. Elliot Grant who is a Member of the Australasian Institute of Mining and Metallurgy. Mr. Grant is a permanent emp
Slide 26: Contact
Contact Justin Tremain justin@turacgold.com.au Page 26 turacogold.com.au