Turaco Gold Ltd · ASX:TCG
Turaco Gold — Investor Presentation (March 2026)
26 slides from Turaco Gold's investor presentation, Mar 18, 2026
Slide 1: ASX Announcement: Investor Presentation
ASX Announcement ASX: TCG | 18 March 2026 Investor Presentation Following the release of an updated Mineral Resource Estimate, Turaco Gold Limited (ASX | TCG) (‘Turaco’ or the ‘Company’) will be providing a range of investor briefings. The Company’s investor presentation which will be presented is at
Slide 2: Afema Gold Project: Rapidly Growing 4.65 Million Ounces
Afema Gold Project Rapidly Growing 4.65 Million Ounces West Africa’s Next Major Gold Camp Cote d’Ivoire ASX: TCG March 2026 TURACOGOLD.COM.AU This presentation has been approved for release to the ASX by the Board of Turaco Gold Ltd
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. The inform
Slide 4: Corporate Snapshot
Corporate Snapshot | ASX:TCG Share Price Market Capitalisation Shares on Issue1 A$0.65 ~A$680M 1,053M Cash2 Investments & Receivable3 Enterprise Value A$68M ~A$7M ~A$605M Top 50 | 77% 1 13 March 2026. Excludes 46.75M Performance Rights (Board & Management) , 4.8M Options (1.8M exercise price of 12c
Slide 5: Board | Proven Successful Track Record
Board | Proven Successful Track Record Justin Tremain John Fitzgerald Bruce Mowat Ian Kerr Managing Director Non-Exec Chair Non-Exec Director Non-Exec Director • Experienced resources • Highly experienced mining • +30 yrs of exploration • Engineer with +40 yrs in company director and executive finan
Slide 6: Management & Project Team | Strong West African Experience
Management & Project Team | Strong West African Experience Ben Larkin Rob Seed Elliot Grant Stuart Cruickshanks Ian Thomas Daouda Zombo Chief Financial Officer Chief Operating Officer Chief Geologist Study Manager Metallurgist Exploration Manager & Co Secretary • +15 yrs experience • Geologist • 15y
Slide 7: Rapid Progress of Turaco & the Afema Project to Continue
Rapid Progress of Turaco & the Afema Project to Continue August 2024 May 2025 October 2025 March 2026 2.52Moz Maiden 3.55Moz Updated 4.06Moz Updated 4.65Moz Updated Afema JORC Resource JORC Resource JORC Resource JORC Resource Acquisition April 2024 July 2024 November 2024 December 2024 Acquisition
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
Afema Gold Project World Class Terrain • Afema Project area >1,600km2 in southeast Cote d’Ivoire • Granted Mining Permit covering 227km2 • Three newly granted contiguous Exploration Permits covering 812km2 • Two additional exploration permit applications • Exploration Permits 12-years of tenure (Jun
Slide 10: The Right Address | Afema Project Location
The Right Address | Afema Project Location Convergence of World Class Gold Belts • World leading 200Moz orogenic gold province with multiple +10Moz gold camps including c.70Moz Obuasi deposit • Larger gold deposits spatially related to margins of the volcanic belts flanking Kumasi sedimentary basin
Slide 11: The Right Address | Afema Project Geology
The Right Address | Afema Project Geology 4.65Moz JORC Resource with Further Growth Afema Project JORC 2012 Mineral Resource Estimate1 Deposit Tonnes Gold Grade Ounces Woulo Woulo (0.5g/t cut-off) 53.5Mt 1.0g/t 1,700,000 Herman (0.5g/t cut-off) 2.0Mt 1.6g/t 100,000 Jonction (0.5g/t/1.5g/t cut-off) 9
Slide 12: Woulo Woulo Deposit
Woulo Woulo Deposit Shallow Discovery Off the Afema Shear March 2026 Woulo Woulo JORC 2012 Mineral Resource Estimate1 • 4kms from Anuiri and 8kms from Jonction on a north-south Cut-Off Classification Tonnes Gold Grade Ounces splay off the Afema Shear Indicated 35.9Mt 1.0g/t 1,100,000 • +46,000m dril
Slide 13: Woulo Woulo Deposit
Woulo Woulo Deposit Consistent Grade | Bulk Width | Low Strip • Typical results include1: • 105m @ 1.61g/t gold from 135m • 61m @ 1.64g/t gold from 124m • 75m @ 1.01g/t gold from 138m • 66m @ 1.58g/t gold from 48m • 82m @ 0.97g/t gold from 209m • 87m @ 1.04g/t gold from 138m • 59.5m @ 1.58g/t gold f
Slide 14: Woulo Woulo Parallel Structures | Herman Deposit
Woulo Woulo Parallel Structures | Herman Deposit March 2026 Herman JORC 2012 Mineral Resource Estimate1 Cut-Off Classification Tonnes Gold Grade Ounces Indicated - - - Open Pit Inferred 2.0Mt 1.6g/t 100,000 0.5g/t Total 2.0Mt 1.6g/t 100,000 (figures may not add up due to appropriate rounding) • Maid
Slide 15: Afema Shear
Afema Shear Multi Million Ounce Gold System • The Afema Shear is a 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 • Fifteen known drilled deposits along the Afem
Slide 16: Afema Shear | Jonction Deposit
Afema Shear | Jonction Deposit March 2026 Jonction JORC 2012 Mineral Resource Estimate1 Cut-Off Classification Tonnes Gold Grade Ounces Indicated 5.1Mt 2.1g/t 340,000 Open Pit Inferred 2.5Mt 1.4g/t 110,000 0.5g/t Total 7.7Mt 1.8g/t 450,000 Indicated 0.6Mt 3.1g/t 60,000 Underground Inferred 1.5Mt 3,0
Slide 17: Afema Shear | Anuiri Deposit
Afema Shear | Anuiri Deposit March 2026 Anuiri JORC 2012 Mineral Resource Estimate1 Cut-Off Classification Tonnes Gold Grade Ounces Indicated 7.0Mt 1.8g/t 410,000 Open Pit Inferred 3.2Mt 1.7g/t 170,000 0.5g/t Total 10.2Mt 1.8g/t 570,000 (figures may not add up due to appropriate rounding) • 6kms sou
Slide 18: Afema Shear | Asupiri Deposit
Afema Shear | Asupiri Deposit March 2026 Asupiri JORC 2012 Mineral Resource Estimate1 Cut-Off Classification Tonnes Gold Grade Ounces Indicated 16.5Mt 1.3g/t 660,000 Open Pit Inferred 17.4Mt 1.2g/t 650,000 0.5g/t Total 33.8Mt 1.2g/t 1,320,000 (figures may not add up due to appropriate rounding) • Im
Slide 19: Afema Shear | Begnopan Deposit
Afema Shear | Begnopan Deposit October 2025 Begnopan & Toilesso JORC 2012 Mineral Resource Estimate1 Cut-Off Classification Tonnes Gold Grade Ounces Indicated 2.0Mt 1.6g/t 100,000 Open Pit Inferred 4.2Mt 1.5g/t 200,000 0.5g/t Total 6.1Mt 1.5g/t 300,000 (figures may not add up due to appropriate roun
Slide 20: The Right Address | Further Discoveries
The Right Address | Further Discoveries • Geochemical evidence of Afema being a major, highly mineralised gold district | ongoing new discovery potential • Widespread +100ppb gold anomalism (background ~2ppb gold) | Multiple undrilled anomalies, each extending over several kilometres, within 20km pr
Slide 21: Afema Shear | Clear Resource Growth
Afema Shear | Clear Resource Growth • IP survey along Afema Shear strike highly effective in defining continuity of controlling structures between deposits (Anuiri, Jonction-Toilesso, Asupiri- Begnopan) • Northern extension of Afema Shear shows a regional structural jog from north- east to north-sou
Slide 22: Niamienlessa Shear
Niamienlessa Shear • Deeper weathering with oxide gold to 80m along +15km of the Niamienlessa Trend • Moderate dipping mineralisation • Drilling at ‘Niamienlessa SW’ has delineated 1,000m of continuous mineralisation including1: • 12m @ 6.72g/t gold from 18m • 14m @ 3.18g/t gold from 50m • 27m @ 1.3
Slide 23: Peer African Project Developers
Peer African Project Developers Afema Grade Stands Out at Scale 2.5 Bubble Size = Enterprise Value (EV A$) Fastest growing resource in West Africa 2.0 ASX: TCG One of only two >4Moz at ASX: A1G2 1.0Moz @ 2.0g/t 4.16oz @ 1.3g/t ASX:PDI +1g/t West African Grade (g/t) 1.5 EV A$490M (A$630/oz1) ASX: WIA
Slide 24: Milestone & Objectives
Milestone & Objectives 4.65Moz JORC Mineral Resource Estimate Growth of 1.1Moz in <12 months & 2.1Moz in 18 months >A$70M Resource Growth Tier One Management Discovery cost of <US$10/oz Well-funded with Target update end CY26 Mining track record A$68M cash and jurisdiction of Proven management with
Slide 25: ASX: TCG @TuracoGold
ASX: TCG @TuracoGold /company/turaco-gold/
Slide 26: Appendix One | Peer Data
Appendix One | Peer Data Project, Tenure, Ownership and Enterprise Value Principal Government Mining Grid Market Cap Cash Debt Enterprise Value Ticker Exchange Company Country Stage Ownership Project Participation Permit Power (A$ M’s) (A$M’s) (A$ M’s) (A$ M’s) A1G ASX African Gold Didievi Côte d'Iv