Turaco Gold Ltd · ASX:TCG
Turaco Gold — Investor Presentation (April 2024)
22 slides from Turaco Gold's investor presentation, Apr 26, 2024
Slide 1: Afema Gold Project, Cote d'Ivoire
Afema Gold Project Cote d’Ivoire A Giant Step to Becoming the Next West African Gold Producer 26 April 2024 This presentation has been approved for release to the ASX by the Board of Turaco Gold Ltd 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 635M Shares on Issue A$108M (@ 17c) 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 • Experienced resources • Highly
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 a premier jurisdiction of West Africa • Political stability with strong economic performance • Safe jurisdiction with low security risk • Stable mining code | proven for mine permi
Slide 5: Birimian Craton: World Class Terrain
Birimian Craton World Class Terrain Afema Gold Project • Project area >1,250km2 in southeast Cote d’Ivoire • Granted Mining Permit covering 227km2 together with contiguous new exploration permit applications • Mining permit valid to Dec 2033, with 20-year renewal thereafter • Supported by a Mining C
Slide 6: Afema Project - The Right Address | Location
Afema Project - 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 +25
Slide 7: Afema Project - The Right Address | Geology
Afema Project - 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 deposi
Slide 8: Afema Project - The Right Address | Scale
Afema Project - 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 • Extensive artisanal mining activity across entire project area • Stron
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 • >28,000m drilling across 188 holes (avg. downhole 150m) 2.9kms ‘OPEN’ • Almost 3kms of strike drilled on 40m sections, generally to 120m depth • Excellent metallurgical chara
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 | 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 include1: • 40.6m @ 7.13g/t gold from
Slide 13: Afema Shear | Anuiri Deposit
Afema Shear | Anuiri Deposit • Along the south-central portion of the Afema Shear • Less than 7kms from Woulo Woulo • 500m strike extent drilled to ~300m depth • Significant unmined oxide mineralisation remaining • Several southerly plunging high-grade shoots. Drill results include1: • 33m @ 7.53g/t
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 the Woulo Woulo discovery • Located within exploration permit application area remains untested with drilling • Channel samplin
Slide 15: Golden Exploration Potential
Golden Exploration Potential Testing of priority undrilled targets within 20km project radius • Strike extensions of Woulo Woulo and parallel structures • Affienou • Koffikro • Baffia • Substantial portion of the exploration application tenure is unsampled • Regional trenching and sampling in conjun
Slide 16: Milestones & Objectives
Milestones & Objectives Two drill rigs operating around the clock Metallurgical test work Woulo Woulo completed Short term JORC Mineral Resource modelling and estimation Commencement of Preliminary Feasibility Study Aggressive exploration targeting new discoveries within a 15-20km projec
Slide 17: Value Proposition
Value Proposition Right to 70% and control of an Significant advancement towards advanced gold project with Turaco’s objective of growth tremendous growth potential towards production Team with proven track record Multi-rig drill program for in discovery and adding maiden JORC Resource and sharehold
Slide 18: Appendices
Appendices Page 18 turacogold.com.au
Slide 19: Afema Transaction Terms
Afema Transaction Terms • Hold 51% majority and controlling interest with right to 70% ownership • Comprehensive agreements: • Drag along rights • Control • Decision to mine mechanism • Sodim may convert to 2% NSR • Funding recovery through intercompany loans • Dispute resolution | Canadian arbitrat
Slide 20: Divestments
Divestments Northern Cote d’Ivoire Divestment of northern exploration projects to yield over A$5.5M1 in cash, listed shares and prepaid drilling Odienne & Ferke Project • Divestment to ASX listed Many Peaks Minerals Ltd2 • +A$1M in Many Peaks shares • ~10% shareholding in Many Peaks Tongon North • F
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 Bouake North (90%) • Located on the Oume-Fetekro belt • Along strike from Endeavour’s 2.5Moz Fetekro Project Satama (100%) • Located on the Ouango-Fini shear which represents the southern
Slide 22: Thank You
Thank You Page 22 turacogold.com.au