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Turaco Gold : Precious Metals Summit Presentation
Turaco Gold : Precious Metals Summit
About this update from Turaco Gold Ltd
Afema Gold Project 2.5Moz and Growing Rapidly Emerging Multi Million Ounce Gold Project Cote d'Ivoire Precious Metals Summit | Beaver Creek This presentation has been approved for release to the ASX by the Board of Turaco Gold Ltd September Page 1 2024 turacogold.com.au Corporate Snapshot | ASX:TCG Share Price (9 Sept '24) Shares on Issue $0.25 751M Top 100 Market Capitalisation Investments & Receivable 1 Shareholders A$188M A$5M >80% Management 7% Endeavour Mining Plc 6% Institutional 18% High Net Worth (>$500k) 45% Other 24% Cash (30 Jun 24) Enterprise Value A$18M A$165M $0.30 2.5Moz Maiden Exploration JORC Resource $0.25 Permits A$18m Granted Raise at 16c $0.20 A$6.6m Minister Raise at 9c Approves Acquisition 186m @ 1.65g/t Agreement $0.15 84m @ 1.73g/t to Acquire 74m @ 1.09g/t Afema 52m @ 1.32g/t $0.10 First Drilling 67m @ 8.43g/t 61m @ 1.64g/t 30m @ 5.18g/t 59m @ 1.49g/t 45m @ 2.53g/t 22m @ 4.99g/t 87m @ 1.04g/t $0.05 105m @ 1.61g/t 28m @ 2.23g/t $0.00 75m @ 1.01g/t 2/09/23 2/10/23 2/11/23 2/12/23 2/01/24 2/02/24 2/03/24 2/04/24 2/05/24 2/06/24 2/07/24 2/08/24 2/09/24 1 5M shares in Many Peaks Minerals Ltd, 0.3M share in Awale Resources Ltd, $1.2M of shares in Aurum Resources Ltd payable for Boundiali South permit and potential US$1.5M receivable from Fortuna Mining Corp for residual 20% interest in Tongon North Page 3 turacogold.com.au Board and Management Justin Tremain John Fitzgerald Alan Campbell Bruce Mowat Rob Seed Elliot Grant Daouda Zombo (Zombo) Managing Director Experienced resources company director and executive Previously Managing Director of Exore Resources Ltd (Cote d'Ivoire) until its takeover by Perseus Mining Ltd Founding Managing Director of Renaissance Minerals Ltd (Cambodia) until its takeover by Emerald Resources, where he served as Executive Director Non-Exec Chair Highly experienced mining financier having held senior positions with various Investment Banks Non-Executive Director of Northern Star Resources Ltd, Chair of Medallion Metals Ltd and former Chair of Exore Resources Ltd Non-Exec Director +30 yrs in global exploration and mining for major and junior companies Former Managing Director of Papillon Resources Ltd (Fekola discovery) which was acquired by B2 Gold Ltd Non-Exec Director +30 years of exploration experience Resolute Mining Ltd's General Manager - Exploration Extensive West African exploration and mine operating experience Chief Operating Officer +25yrs experience in Africa, Southeast Asia and Australia Responsible for multiple economic gold and base metal discoveries Led resource delineation and feasibilities on several West Africa gold projects (Burkina Faso and Guinea) over +10 years Chief Geologist 15yrs experience in West Africa exploration (Burkina Faso and Cote d'Ivoire). Previously Exploration Manager at Exore Resources Ltd, Teranga Gold Corporation and Gryphon Minerals Ltd Exploration Manager Geologist, Masters Econ. Geology (Quebec) +15 years' experience in West Africa Previously Gryphon Minerals, Teranga Gold Corporation and Endeavour Mining Page 4 turacogold.com.au 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 15 discoveries (Aust. 19Moz at 0.9g/t) Cote d'Ivoire the key contributor to this growth & discoveries with production up +500% in past 10yrs to ~1.8Moz pa Remains severely underexplored despite > 34% of West Africa's Birimian greenstone Nine operating gold mines ( Barrick, Endeavour, Perseus, Fortuna, Tietto, Allied Gold ) and three at DFS/development decision ( Montage Gold, Centamin, Endeavour ) Rapid permitting & low capex per ounce | Endeavour's Lafigue Gold Mine 4 years from drilling to construction Excellent infrastructure | HV transmission lines, hydro power, bitumen roads, skilled local workforce Highest rated sovereign in sub-Sahara Africa (S&P Global Rating BB-/positive) IMF economic growth forecast 6.5% pa in 2024 (up from 6.2% pa in 2023). Second largest economy in West Africa with highest GDP per capita West African leading standout in 2023 Frasers Investment Attractiveness Index (4 th highest ranking in Africa) +12 years political stability and low security risk Page 5 turacogold.com.au Afema Gold Project World Class Terrain Total project area >1,250km 2 in southeast Cote d'Ivoire Central granted Mining Permit covering 227km 2 Three newly granted contiguous Exploration Permits covering 812km 2 Mining Permit valid to Dec 2033 (20-year renewal thereafter to Dec 2053 ) Supported by a Mining Convention Exploration Permits 12-years of tenure ( Jun 2036 ) West Africa's best infrastructure 120km drive from Abidjan and port facilities | 2-hour drive New highway traverses southern project area connecting Cote d'Ivoire to Ghana Adjacent to major Cote d'Ivoire 50MW hydropower scheme with HV transmission lines Page 6 turacogold.com.au 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 Deposits along eastern margin extension of the Sefwi-Bibiani Belt host to deposits such as Bibiani (6.5Moz) and Chirano (5.5Moz) Asankragwa shear host to deposits such as Obotan (6Moz) and Essase (6Moz) Page 7 turacogold.com.au The Right Address | Afema Project Geology Maiden 2.5Moz JORC Resource and Set to Grow Afema Project JORC 2012 Mineral Resource Estimate 1 Deposit Tonnes Gold Grade Ounces Woulo Woulo (0.5g/t cut-off) 42.6Mt 0.9g/t 1,250,000 Jonction (0.7g/t cut-off) 10.1Mt 2.0g/t 660,000 Anuiri (0.7g/t cut-off) 11.6Mt 1.6g/t 600,000 Total 2,520,000 (figures may not add up due to appropriate rounding) 1 Refer ASX announcements dated 27 August 2024 Maiden JORC Resource <6 months from Turaco's acquisition at a cost (incl. total acquisition costs) of less than US$7 per attributable ounce 60% of JORC Resource reported in the 'Indicated' category Located entirely within the granted Mining Permit Only 3 deposits included | Excludes several drilled deposits along the +25km Afema Shear (+250,000m drilling) All deposits remain OPEN in every direction Compelling exploration Multiple mineralised structures , each extending 5-25kms, untested with drilling No known drilling within Exploration Permits | extensive geochemical sampling (+23,000 samples) with several well-defined, large-scale drill targets Northern extensions of the Afema Shear (Toilesso - Kotoka) Nianemlessa-Affienou Shear Extensions and repetitions of the Woulo Woulo splay Intrusive contact anomalies (Bafia, Koffikro, Ayame, etc) Page 8 turacogold.com.au 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 Fifteen known drilled deposits along the Afema Shear of which only two have been tested with deeper drilling Jonction Anuiri +5kms of untested prospective geology between Jonction and Anuiri with high tenor gold-in-soils Recent new shallow discovery at Woulo Woulo on a north- south splay off the Afema Shear Systematic metallurgical test work program across each deposit by Turaco Page 9 turacogold.com.au Afema Shear | Jonction Deposit Jonction JORC 2012 Mineral Resource Estimate 1 Cut-Off Classification Tonnes Gold Grade Ounces 0.7g/t 0.5g/t Indicated 5.9Mt 2.0g/t 390,000 Inferred 5.8Mt 1.6g/t 310,000 Total 11.7Mt 1.8g/t 700,000 Indicated 5.2Mt 2.2g/t 370,000 Inferred 4.9Mt 1.8g/t 290,000 Total 10.1Mt 2.0g/t 660,000 (figures may not add up due to appropriate rounding) Located at the northern end of the Afema Shear ~24,000m drilling (22,000m DD / 2,000m RC) on 30-40m spacing Continuous high-grade shoot up to 40m width, plunging to the south with 490,000 ounces at 3.0g/t at lower cut-off of 1.5g/t 1 OPEN in all directions Potential additional high-grade shoots along strike to the north and south 77% - 85% total gold recovery from fresh mineralisation through grind, sulphide flotation, concentrate UFG & cyanide leaching 1 Very low 2.6% to 4.7% mass recovery to concentrate at >94% gold recovery No 'preg robbing' carbon Jonction Long Section (looking west showing southerly plunging high grade shoot) 1 Refer ASX announcements dated 27 August 2024 Page 10 turacogold.com.au Attention : This is an excerpt of the original content. 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