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Turaco Gold Limited (ASX:TCG)

ALERT: Price-sensitive ASX Announcement for TCG
Current share price for TCG : $0.590 -0.055 (-8.53%)+
Announcement
Release
18 Mar 2026 8:55AM
Price at Release
$0.645
Full Release
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Summary
Turaco Gold Limited has announced a substantial increase in the Mineral Resource Estimate (MRE) for the Afema Project, located in Côte d'Ivoire. The updated JORC 2012 MRE now totals 115.3 million tonnes at a grade of 1.3 grams per tonne of gold, amounting to 4.65 million ounces. This growth is attributed to additional drilling at key deposits including Woulo Woulo, Jonction, Anuiri, Asupiri, and the maiden estimate at Herman. The project's open pit constrained resources are predominantly in the top 160 meters, with high-grade targets for potential underground mining. The company is progressing towards demonstrating the production scale and development economics through a Pre-Feasibility Study (PFS), expected to complete in the second quarter of the 2026 calendar year.
Key Points
  • 30% growth in open pit constrained ounces.
  • Over 80% of total ounces are in the top 160m from surface.
  • Multiple high-grade underground shoots identified for deeper drilling.
  • Test work at Anuiri achieved 84.4% gold extraction.
  • Asupiri Mineral Resource Estimate updated to 33.8Mt at 1.2g/t gold.
  • Woulo Woulo MRE updated to 53.5Mt at 1.0g/t gold for 1,700,000 ounces.
  • Jonction MRE updated to 9.8Mt at 2.1g/t gold for 650,000 ounces.
  • Afema Project MRE updated to 115.3Mt at 1.3g/t gold for 4.65Moz.
  • PFS targeted for completion in 2Q CY2026.
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.