Turaco Gold

Turaco Gold Limited (ASX:TCG) is an ASX listed gold company developing the Afema Project in southern Cote d’Ivoire, West Africa. Turaco acquired its interest in the Afema Project in March 2024 and has quickly delineated a JORC resource estimate of 3.55Moz, as announced in May 2025. 

The 3.55Moz gold resource estimate positions the Afema Project as one of the largest undeveloped gold projects in West Africa and comes just over one year since Turaco’s acquisition of the project. 

The Afema Project is on a granted mining permit, supported by a Mining Convention with the State of Cote d’Ivoire, covering an area of 227km2, with contiguous granted exploration permits covering a further 813km2 and application rights over another 593km2 providing a total contiguous project area of over 1,600km2.

Turaco has an active ongoing exploration program with multiple drill rigs operating and expects to provide regular updates to the JORC resource estimate. 

Turaco has an experienced Board with a track record of success. The Board includes Justin Tremain as Managing Director, John Fitzgerald as Chairman and Bruce Mowat and Ian Kerr as Non-Executive Directors. The Board has been instrumental in success of companies such as Renaissance Minerals, Emerald Resources, Exore Resources, Papillon Resources, Northern Star and Sandfire.

Management Profile:

Justin Tremain, Managing Director. Experienced company director across the mineral resources sector. Previously the Managing Director of Exore Resources until its takeover by Perseus Mining. Founding Managing Director of Renaissance Minerals until its takeover by Emerald Resources, where he served as Executive Director.

What is your rationale for taking part in 121 Mining Investment?

Meeting existing shareholders and potential new ones.

What recent news would you like to highlight to investors attending?

3 September 2025 Begnopan Confirmed as Additional Deposit Along Afema Shear
3 June 2025 High Grade Gold in Drilling Along Strike from Jonction
5 May 2025 Afema Project JORC Resource Grows to 3.55Moz Gold
30 April 2025 Improved Gold Recoveries from Metallurgical Testwork

What are your key goals for the next 3, 6 and 12 months?

3 Months

Met drill & testing; Upgraded JORC Resource

6 Months

Regional exploration drilling, trenching and geochemistry

12 Months

Environmental, Social and PFS

What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?

Funding

What do you think makes your company such a compelling investment?

Location, commodity, funded

What are the top 3 key investor takeaways?

Immediate resource growth potential
Well-funded with +A$80M cash
Tier One jurisdiction of West Africa
Proven management track record