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Turaco Gold Limited (ASX:TCG)

ALERT: Price-sensitive ASX Announcement for TCG
Current share price for TCG : $0.540 -0.26 (-32.50%)+
Announcement
Release
29 Jan 2026 6:28PM
Price at Release
$0.800
Full Release
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Summary
Turaco Gold Limited's quarterly activities report outlines significant developments at the Afema Project, including an updated Mineral Resource Estimate (MRE) of 102.9 million tonnes at 1.2g/t gold for 4.06 million ounces. The report highlights high-grade discoveries at Adiopan and Herman, as well as resource infill drilling at Anuiri. The company reported net cash used in operating activities of $8.464 million and investing activities of $11,000 for the quarter ending 31 December 2025, with a notable payment for the Afema Project acquisition. Financing activities yielded $216,000 net cash for the period.
Key Points
  • Turaco Gold Limited announced an updated Mineral Resource Estimate (MRE) for the Afema Project.
  • The updated MRE increased to 102.9 million tonnes at 1.2g/t gold for 4.06 million ounces across six deposits.
  • Significant drilling results were reported from various deposits including Woulo Woulo, Jonction, Anuiri, Asupiri, Begnopan, and Toilesso.
  • High-grade discoveries were confirmed at the Adiopan deposit and Herman prospect.
  • The company conducted resource infill drilling and metallurgical sampling at Anuiri, targeting resource conversion and extensions.
  • Cash flow for the quarter ended 31 December 2025 included net cash used in operating activities of $8.464 million and investing activities of $11,000.
  • A payment of $1.077 million was made to Endeavour Mining plc as final consideration for the Afema Project acquisition.
  • Net cash from financing activities for the quarter was $216,000.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.