Turaco Gold Ltd · ASX:TCG
Turaco Gold — Investor Presentation (May 2025)
27 slides from Turaco Gold's investor presentation, May 2025
Slide 1: Afema Gold Project: Rapidly Growing 3.6 Million Ounce Gold Camp
Afema Gold Project Rapidly Growing 3.6 Million Ounce Gold Camp Cote d’Ivoire, West Africa May 2025 ASX: TCG TURACOGOLD.COM.AU This presentation has been approved for release to the ASX by the Board of Turaco Gold Ltd
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. The inform
Slide 3: Corporate Snapshot | ASX:TCG
Corporate Snapshot | ASX:TCG Share Price (30 April 2025) Cash (31 Mar 2025) Investments & Receivable1 A$0.43 >A$26M >A$6M Market Capitalisation Shares on Issue Enterprise Value A$387M 902M A$355M 3.6Moz JORC Resource +40% 0.5 Growth 0.45 Turaco Moves A$35m Raise to 80% of 0.4 2.5Moz (31c) Afema Maid
Slide 4: Board | Successful Track Record
Board | Successful Track Record Justin Tremain John Fitzgerald Bruce Mowat Ian Kerr Alan Campbell Managing Director Non-Exec Chair Non-Exec Director Non-Exec Director Non-Exec Director (retiring at AGM on 16 May 2025) • Experienced resources • Highly experienced • +30 yrs of exploration • Engineer w
Slide 5: 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 (Zombo) Chief Financial Officer Chief Operating Officer Chief Geologist Study Manager Metallurgist Exploration Manager & Co Secretary • +15 yrs experience as a • Ge
Slide 6: Active and Successful Past 12 Months to Continue
Active and Successful Past 12 Months to Continue July 2024 December 2024 Granting of three new exploration permits covering 812km2 Expanded total project area to >1,600km2 Afema Project contiguous with 227km2 granted mining permit (refer ASX announcement 9 December 2024) Acquisition April 2024 Novem
Slide 7: 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 8: Afema Gold Project: World Class Terrain
Afema Gold Project World Class Terrain • Total 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 • Mining Permit valid to Dec 2033 (20-year re
Slide 9: 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 (+35kms strike) • Asankragwa shear within
Slide 10: The Right Address | Afema Project Geology
The Right Address | Afema Project Geology 3.55Moz JORC Resource and Growing • 12 months from Turaco’s acquisition of Afema May 2025 Afema Project JORC 2012 Mineral Resource Estimate1 Deposit Tonnes Gold Grade Ounces • 40% growth on maiden JORC Resource in August 2024 Woulo Woulo (0.5g/t cut-off) 50.
Slide 11: Afema Shear: Multi Million Ounce Gold System
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 12: Afema Shear | Jonction Deposit
Afema Shear | Jonction Deposit May 2025 Jonction JORC 2012 Mineral Resource Estimate1 Cut-Off Classification Tonnes Gold Grade Ounces Indicated 5.3Mt 2.1g/t 350,000 Open Pit Inferred 1.8Mt 1.4g/t 80,000 0.5g/t Total 7.0Mt 1.9g/t 430,000 Indicated 0.5Mt 2.8g/t 50,000 Underground Inferred 1.5Mt 2.6g/t
Slide 13: Jonction Cross Sections
Jonction Cross Sections NW SE Jonction Cross Section (looking northeast) Jonction Cross Section (looking northeast) TURACOGOLD.COM.AU 13
Slide 14: Afema Shear | Anuiri Deposit
Afema Shear | Anuiri Deposit May 2025 Anuiri JORC 2012 Mineral Resource Estimate1 Cut-Off Classification Tonnes Gold Grade Ounces Indicated 6.2Mt 1.7g/t 340,000 Open Pit 0.5g/t Inferred 2.5Mt 1.3g/t 110,000 Total 8.7Mt 1.6g/t 440,000 Indicated 0.1Mt 2.0g/t 10,000 Underground Inferred 0.9Mt 2.6g/t 70
Slide 15: Afema Shear | Asupiri Deposit
Afema Shear | Asupiri Deposit May 2025 Asupiri JORC 2012 Mineral Resource Estimate1 Cut-Off Classification Tonnes Gold Grade Ounces Indicated 3.7Mt 1.3g/t 150,000 Open Pit Inferred 17.4Mt 1.2g/t 670,000 0.5g/t Total 21.1Mt 1.2g/t 820,000 (figures may not add up due to appropriate rounding) • Immedia
Slide 16: Woulo Woulo Deposit: Shallow New Discovery
Woulo Woulo Deposit Shallow New Discovery May 2025 Woulo Woulo JORC 2012 Mineral Resource Estimate1 • 5kms from Anuiri and 12kms from Jonction on a north-south Cut-Off Classification Tonnes Gold Grade Ounces splay off the Afema Shear Indicated 30.3Mt 0.9g/t 880,000 0.5g/t Inferred 20.6Mt 1.1g/t 720,
Slide 17: Woulo Woulo Deposit: Bulk Width | Low Strip Mining
Woulo Woulo Deposit Bulk Width | Low Strip Mining Excellent continuity of gold grades- along the almost 3kms of drilled strike Woulo Woulo Cross Sections (looking north) TURACOGOLD.COM.AU 17
Slide 18: Woulo Woulo Deposit: Consistent Grade
Woulo Woulo Deposit Consistent Grade • Typical results include1: • 105m @ 1.61g/t gold from 135m • 61m @ 1.64g/t gold from 124m • 66m @ 1.58g/t gold from 48m • 82m @ 0.97g/t gold from 209m • 59.5m @ 1.58g/t gold from 48.5m • 58m @ 1.30g/t gold from 58m • 83m @ 1.10g/t gold from 10m • 72m @ 1.03g/t g
Slide 19: Woulo Woulo Growth: Parallel Structures
Woulo Woulo Growth Parallel Structures • Mineralised trends sub-parallel to the 1.6Moz Woulo Woulo deposit • ‘Herman Trend’ | recent drilling over 300m strike which remains ‘OPEN’ over 1km • Recent results include1: • 6m @ 6.32g/t gold from 64m • Excluded from 3.55Moz MRE • 15m @ 2.11g/t gold from 9
Slide 20: Afema Shear Growth | Begnopan
Afema Shear Growth | Begnopan Further Resource Growth • Located on the eastern margin of the Afema shear zone between Jonction (<2km) and Anuiri (<5km) • Same structure that hosts Asupiri • Recent results from Turaco drilling include1: • 34m @ 3.44g/t gold from 65m • 8m @ 5.28g/t gold from 46m • 6m
Slide 21: The Right Address | Discovery Potential
The Right Address | Discovery Potential • Severely underexplored outside the Afema Shear with several large anomalies in promising geological positions • Substantial portion of the project area is unsampled • Multiple undrilled, high tenor (+100ppb gold) anomalies, each extending over several kilome
Slide 22: Baffia Discovery
Baffia Discovery • Located 3kms to the northwest of Jonction • Geochemical anomaly covers an area of ~3.5 kilometres by ~2.5 kilometres • Maiden wide-spaced, shallow drilling returned a broad zone of gold mineralisation with results including1: • 32m @ 1.69g/t gold from 12m • 21m @ 1.79g/t gold from
Slide 23: 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 gold1 • Mineralisation drille
Slide 24: Peer West African Project Developers: Resource & Grade
Peer West African Project Developers Resource & Grade1,2 2 1.8 ASX:PDI Fastest growing undeveloped ASX: TCG 5.5Moz, 1.7g/t 1.6 3.6Moz, 1.2g/t gold project in West Africa3 EV $876M 1.4 EV $350M 1.2 Grade (g/t) One of only two West African 1 ASX: AUE projects with MRE >3Moz at 0.8 1.6Moz, 1.0g/t +1g/t
Slide 25: Milestone & Objectives
Milestone & Objectives 3.55Moz JORC Mineral Resource estimate Development +40% growth on maiden MRE Pre-feasibility commenced Discovery cost of <US$8/oz Growth Tier One Management Updated MRE Mining jurisdiction track record Aggressive exploration >A$30M expected 2025 of West Africa Proven managemen
Slide 26: ASX: TCG
ASX: TCG @TuracoGold /company/turaco-gold/
Slide 27: Appendix One | Peer Data
Appendix One | Peer Data Project, Tenure, Ownership and Enterprise Value Exploration Principal Government Mining Grid Market Cap Cash Debt Enterprise Value Ticker Exchange Company Country Stage Ownership Position Project Participation Permit Power (A$ M’s) (A$M’s) (A$ M’s) (A$ M’s) (km2) AUE ASX Aur