Turaco Gold Ltd · ASX:TCG
Turaco Gold — Precious Metals Summit Beaver Creek 2024
19 slides from Turaco Gold's conference presentation, September 2024
Slide 1: 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 Precious Metals Summit | Beaver Creek September Page 1 2024 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: Corporate Snapshot | ASX:TCG
Corporate Snapshot | ASX:TCG Share Price (9 Sept ‘24) Shares on Issue $0.25 751M Top 100 Management Endeavour Mining Plc 7% 6% Institutional 18% Market Capitalisation Investments & Receivable1 Shareholders High Net Worth (>$500k) 45% Other 24% >80% A$188M A$5M Cash (30 Jun 24) Enterprise Value A$18M
Slide 4: Board and Management
Board and Management Justin Tremain John Fitzgerald Alan Campbell Bruce Mowat Rob Seed Elliot Grant Daouda Zombo (Zombo) Managing Director Non-Exec Chair Non-Exec Director Non-Exec Director Chief Operating Officer Chief Geologist Exploration Manager • Experienced resources • Highly experienced • +30
Slide 5: 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 6: Afema Gold Project: World Class Terrain
Afema Gold Project World Class Terrain • Total project area >1,250km2 in southeast Cote d’Ivoire • Central granted Mining Permit covering 227km2 • Three newly granted contiguous Exploration Permits covering 812km2 • Mining Permit valid to Dec 2033 (20-year renewal thereafter to Dec 2053) • Supported
Slide 7: 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 8: 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 <6 months from Turaco’s acquisition at a cost (incl. Deposit Tonnes Gold Grade Ounces total acquisition costs) of less than US$7 per attribu
Slide 9: 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 10: 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 11: Afema Shear | Jonction Deposit
Afema Shear | Jonction Deposit Under Drilled High Grade Open Up Plunge Jonction Cross Section (looking northeast) Jonction Long Section (looking west showing southerly plunging high grade shoot) Page 11 turacogold.com.au
Slide 12: 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 13: 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 14: 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 Page 14 turacogold.com.au
Slide 15: 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 16: 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 17: Nianemlessa Shear
Nianemlessa Shear • Southern portion of the 20km anomalous Nianemlessa Shear is untested with drilling and has the highest and most consistent gold-in-soils at Affienou Prospect • Located within 5-10km of the Woulo Woulo discovery • Channel sampling and trenching returning 28m @ 3.06g/t gold, 12m @
Slide 18: 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$18M cash Aggressive exploration Tier One jurisdiction of West Africa Drill rigs operating around the clock Proven
Slide 19: Thank You
Thank You Page 19 turacogold.com.au
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