Turaco Gold Ltd · ASX:TCG
Turaco Gold — RIU Explorers Conference, Fremantle 2025
23 slides from Turaco Gold's conference presentation, Feb 18, 2025
Slide 1: ASX Announcement: Investor Presentation
ASX Announcement 18 February 2025 Investor Presentation Turaco Gold Limited (ASX | TCG) (‘Turaco’ or the ‘Company’) Managing Director, Justin Tremain will be presenting at the RIU Fremantle Explorers Conference on Tuesday, 18 February 2025. The Company’s investor presentation is attached. This annou
Slide 2: Afema Gold Project: 2.5Moz and Growing Rapidly
Afema Gold Project 2.5Moz and Growing Rapidly Emerging Multi Million Ounce Gold Project Cote d’Ivoire This presentation has been approved for release to the ASX by the Board of Turaco Gold Ltd RIU Explorers Conference, Fremantle| 18-20 February 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 (14 Feb 2025) Shares on $0.365 900M Top 100 Market Capitalisation Investments & Receivable1 Shareholders ~80% A$328M A$5M Cash (31 Dec 2024) Enterprise Value A$33M A$290M 0.4 Turaco Moves A$35m Raise to 80% of (31c) Afema 0.35 2.5Moz 0.3 Maiden JORC Explorati
Slide 5: Board and Management | Successful Track Record
Board and Management | Successful Track Record Justin Tremain John Fitzgerald Alan Campbell Bruce Mowat Ben Larkin Rob Seed Elliot Grant Daouda Zombo (Zombo) Managing Director Non-Exec Chair Non-Exec Director Non-Exec Director Chief Financial Officer & Chief Operating Officer Chief Geologist Explora
Slide 6: 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 7: Afema Gold Project: World Class Terrain
Afema Gold Project World Class Terrain • 80% ownership (refer ASX announcement 27 November 2024) • Decision to Mine - minority 20% partner to contribute or convert to 1.5% NSR • Total project area expanded to >1,600km2 in southeast Cote d’Ivoire • Central granted Mining Permit covering 227km2 • Thre
Slide 8: 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 9: The Right Address | Afema Project Geology
The Right Address | Afema Project Geology Maiden 2.5Moz 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 att
Slide 10: Afema Shear: Multi Million Ounce Gold System
Afema Shear Multi Million Ounce Gold System • +25kms 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 11: Afema Shear | Jonction Deposit
Afema Shear | Jonction Deposit Jonction JORC 2012 Mineral Resource Estimate1 Cut-Off Classification Tonnes Gold Grade Ounces 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 10.1M
Slide 12: Afema Shear | Jonction Deposit Sections
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 11 turacogold.com.au
Slide 13: 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 14: Woulo Woulo: Shallow New Discovery
Woulo Woulo 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 Indicated 27.4
Slide 15: Woulo Woulo: Bulk and Consistent Mineralisation
Woulo Woulo Bulk and Consistent Mineralisation | 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 14 turacogold.com.au
Slide 16: Woulo Woulo: Width and Continuity
Woulo Woulo Width and Continuity • 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 @ 1.03g/t gold
Slide 17: Woulo Woulo: Parallel Structures
Woulo Woulo 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 15m @ 2
Slide 18: 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 19: 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 20: 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 21: 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 22: Milestones & Objectives
Milestones & Objectives 2.5Moz Maiden JORC Mineral Resource estimate Immediate resource growth potential Total cost of <US$7/oz attributable to Turaco Well-funded with A$33M cash Target updated JORC resource 1Q/2Q 2025 Tier One jurisdiction of West Africa Aggressive exploration Prove
Slide 23: Thank You
Thank You Page 22 turacogold.com.au
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