Turaco Gold Ltd · ASX:TCG
Turaco Gold — Euroz Hartleys Institutional Investor Conference 2025
26 slides from Turaco Gold's conference presentation, Mar 13, 2025
Slide 1: ASX Announcement: Investor Presentation
ASX Announcement 13 March 2025 Investor Presentation Turaco Gold Limited (ASX | TCG) (‘Turaco’ or the ‘Company’) Managing Director, Justin Tremain will be presenting at the Euroz Hartleys Institutional Investor Conference on Thursday, 13 March 2025. The Company’s investor presentation is attached. T
Slide 2: Afema Gold Project: Rapidly Growing Multi Million Ounce Gold Camp
Afema Gold Project Rapidly Growing Multi Million Ounce Gold Camp Cote d’Ivoire, West Africa Euroz Hartleys | Institutional Investor Conference Rottnest Island This presentation has been approved for release to the ASX by the Board of Turaco Gold Ltd March 2025 Page 1 turacogold.com.au
Slide 3: 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 4: Corporate Snapshot
Corporate Snapshot | ASX:TCG Share Price (5 March 2025) Shares on A$0.34 900M Market Capitalisation Investments & Receivable1 A$305M A$6M Cash (31 Dec 2024) Enterprise Value A$33M A$270M Turaco Moves 0.4 A$35m Raise to 80% of (31c) Afema 0.35 2.5Moz Maiden JORC 0.3 Resource Exploration Permits A$18m
Slide 5: Board | Successful Track Record
Board | Successful Track Record Justin Tremain John Fitzgerald Alan Campbell Ian Kerr Bruce Mowat Managing Director Non-Exec Chair Non-Exec Director Non-Exec Director Non-Exec Director • Experienced resources • Highly experienced • +30 yrs in global • Engineer with +40 yrs in • +30 yrs of exploratio
Slide 6: Management & Project Team | Strong West African Experience
Management & Project Team | Strong West African Experience Justin Tremain Ben Larkin Rob Seed Elliot Grant Stuart Cruickshanks Ian Thomas Daouda Zombo (Zombo) Managing Director Chief Financial Officer & Chief Operating Officer Chief Geologist Study Manager Metallurgist Exploration Manager Co Secreta
Slide 7: Active and Successful Past 12 Months to Continue in 2025
Active and Successful Past 12 Months to Continue in 2025 Afema Project Acquisition • April 2024 | Completed acquisition of initial 51% interest • Approval from Minister of Mines, Petroleum and Energy • July 2024 | Granting of three new exploration permits covering 812km2 contiguous with 227km2 grant
Slide 8: The Right Address | The Country
The Right Address | The Country Cote d’Ivoire Without question, Cote d’Ivoire is a premier jurisdiction of West Africa • West African gold production more than doubled in past 10 years to 17Moz pa (Aust. 10Moz pa) • West African discovery scale & grade | 67Moz at 1.5g/t discovered in last 10yrs from
Slide 9: Afema Gold Project: World Class Terrain
Afema Gold Project World Class Terrain • Total project area >1,600km2 in southeast Cote d’Ivoire • Central granted Mining Permit covering 227km2 • Three newly granted contiguous Exploration Permits covering 812km2 • Two additional exploration permit applications • Mining Permit valid to Dec 2033 (20
Slide 10: The Right Address | Afema Project Location
The Right Address | Afema Project Location Convergence of World Class Gold Belts • Covers the extension and convergence of two of Ghana’s most prolific gold belts into southeast Cote d’Ivoire • Afema-Bibani-Chirano shear marking eastern margin of Sefwi belt • Asankragwa shear within the Kumasi basin
Slide 11: The Right Address | Afema Project Geology
The Right Address | Afema Project Geology Maiden 2.52Moz JORC Resource and Set to Grow Afema Project JORC 2012 Mineral Resource Estimate1 • Maiden JORC Resource less 6 months from Turaco’s acquisition at a cost Deposit Tonnes Gold Grade Ounces (incl. total acquisition costs) of less than US$7 per at
Slide 12: Afema Shear: Multi Million Ounce Gold System
Afema Shear Multi Million Ounce Gold System • +35kms of the eastern margin of the extension of the Sefwi Gold Belt in Ghana - a truly worldclass gold belt • Multiple structures across a 2-3km width • ~250,000m of historical drilling along the Afema Shear confirming a multi-million ounce gold system
Slide 13: Afema Shear | Jonction Deposit
Afema Shear | Jonction Deposit Jonction JORC 2012 Mineral Resource Estimate1 Cut- Classification Tonnes Gold Grade Ounces Off Indicated 5.9Mt 2.0g/t 390,000 0.5g/t Inferred 5.8Mt 1.6g/t 310,000 Total 11.7Mt 1.8g/t 700,000 Indicated 5.2Mt 2.2g/t 370,000 0.7g/t Inferred 4.9Mt 1.8g/t 290,000 Total(figu
Slide 14: Afema Shear | Jonction Deposit
Afema Shear | Jonction Deposit Jonction Cross Section (looking northeast) Jonction Long Section (looking west showing southerly plunging high grade shoot) 1 Refer ASX announcements dated 21 November 2023 and 27 August 2024 Page 13 turacogold.com.au
Slide 15: Afema Shear | Anuiri Deposit
Afema Shear | Anuiri Deposit Anuiri JORC 2012 Mineral Resource Estimate1 Cut-Off Classification Tonnes Gold Grade Ounces Indicated 7.2Mt 1.6g/t 360,000 0.5g/t Inferred 7.1Mt 1.3g/t 290,000 Total 14.3Mt 1.4g/t 650,000 Indicated 5.9Mt 1.8g/t 340,000 0.7g/t Inferred 5.7Mt 1.4g/t 260,000 Total 11.6Mt 1.
Slide 16: Woulo Woulo Deposit: Shallow New Discovery
Woulo Woulo Deposit Shallow New Discovery Woulo Woulo JORC 2012 Mineral Resource Estimate1 • 5kms from Anuiri and 12kms from Jonction on a north-south splay off the Afema Shear Cut-Off Classification Tonnes Gold Grade Ounces • ~40,000m drilling (34,000m DD / 6,000m RC) drilled on 40m sections Indica
Slide 17: Woulo Woulo: Bulk Width and Continuity
Woulo Woulo Bulk Width and Continuity | Low Strip Mining Excellent continuity of gold grades across width of mineralisation and along the almost 3kms of drilled strike Refer ASX announcements dated 21 November 2023, 20 May 2024 and 19 June 2024 Page 16 turacogold.com.au
Slide 18: Woulo Woulo: Growth | Confirmed Extensions
Woulo Woulo Growth | Confirmed Extensions • Typical results include1: o 105m @ 1.61g/t gold from 135m o 61m @ 1.64g/t gold from 124m o 66m @ 1.58g/t gold from 48m o 82m @ 0.97g/t gold from 209m o 59.5m @ 1.58g/t gold from 48.5m o 58m @ 1.30g/t gold from 58m o 83m @ 1.10g/t gold from 10m o 72m @ 1.03
Slide 19: Woulo Woulo: Growth | Parallel Structures
Woulo Woulo Growth |Parallel Structures • Mineralised trends sub-parallel to the 1.25Moz Woulo Woulo deposit • ‘Herman Mine’ | recent drilling over 300m strike which remains ‘OPEN’ over 1km • Identical alteration to the Woulo Woulo main trend • Recent results include1: o 6m @ 6.32g/t gold from 64m o
Slide 20: Asupiri: Further Resource Growth
Asupiri Further Resource Growth • Immediately adjacent to Asupiri deposit (<1km) • Two parallel structures • Asupiri West has a 2kms of known strike • Asupiri East has 5kms known strike and OPEN • Recent results from Turaco drilling include: o 9m @ 4.49g/t gold from 95m o 21m @ 2.15g/t gold from 95m
Slide 21: The Right Address | Afema Project Scale
The Right Address | Afema Project Scale Target Rich Environment • Severely underexplored outside the Afema Shear with several large anomalies in promising geological positions No known drilling beyond the Mining Permit • Extensive artisanal mining activity across entire project area • Substantial po
Slide 22: Niamienlessa Shear
Niamienlessa Shear • Channel sampling and trenching returning 28m @ 3.06g/t gold, 12m @ 2.39g/t gold and 10m @ 2.21g/t gold1 • Extensive recent artisanal mining site exploiting ~50m wide saprolite zone of mineralisation with sampling of pit walls returning 36m @ 4.08g/t gold Niamienlessa SW Affienou
Slide 23: Niamienlessa SW Discovery
Niamienlessa SW Discovery • Southern +10km strike of the anomalous Niamienlessa Shear is untested with drilling • Maiden drilling has returned a new discovery at ‘Niamienlessa SW’ with highly encouraging initial results from just 10 holes including: o 12m @ 6.72g/t gold from 18m Niamienlessa SW o 27
Slide 24: Baffia Discovery
Baffia Discovery • Located 3 kilometres to the northwest of the Jonction deposit • Baffia geochemical anomaly covers an area of ~3.5 kilometres by ~2.5 kilometres located over a granodiorite adjacent to the regional significant ‘Ayame’ granitoid • Maiden wide-spaced, shallow drilling returned a broa
Slide 25: Milestones & Objectives
Milestones & Objectives 2.52Moz Maiden JORC Mineral Resource estimate Pre-feasibility to commence Total cost of <US$7/oz attributable to Turaco Immediate resource growth potential Target updated JORC resource 1Q/2Q 2025 Well-funded with A$33M cash Aggressive exploration Tier One juri
Slide 26: Thank You
Thank You Page 25 turacogold.com.au
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