InvestSMART

Turaco Gold Limited (ASX:TCG)

ALERT: Price-sensitive ASX Announcement for TCG
Current share price for TCG : $0.625 0.025 (4.17%)+
Announcement
Release
29 Apr 2026 8:44AM
Price at Release
$0.600
Full Release
download
Summary
Turaco Gold Limited's quarterly report for the period ending 31 March 2026 outlines their financial activities, including operating, investing, and financing cash flows as per Appendix 5B. The company reported net cash outflows of $8,005,000 from operating activities, primarily due to exploration and evaluation expenses. Investing activities recorded a net outflow of $136,000, attributed mainly to the acquisition of property, plant, and equipment. Financing activities generated a minor inflow of $1,000. The report highlights significant growth in mineral resources at the Afema Project, now totaling 4.65 million ounces of gold, driven by updates to the Mineral Resource Estimates at various deposits. Turaco continues to advance its Pre-Feasibility Study for the Afema Project with completion expected in Q2 CY2026.
Key Points
  • Net cash outflow from operating activities: $8,005,000.
  • Net cash outflow from investing activities: $136,000.
  • Net cash inflow from financing activities: $1,000.
  • Afema Project Mineral Resource Estimate increased to 4.65 million ounces.
  • Pre-Feasibility Study for Afema Project nearing completion, expected in Q2 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.