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Turaco Gold Limited (ASX:TCG)

ALERT: Price-sensitive ASX Announcement for TCG
Current share price for TCG : $0.570 0.01 (1.79%)+
Announcement
Release
12 May 2026 9:13AM
Price at Release
$0.560
Full Release
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Summary
Turaco Gold Limited, listed on the ASX as TCG, announced further positive drilling results from its Afema Gold Project in Cote d’Ivoire, reporting significant gold findings from ongoing drilling activities at the Adiopan-Asupiri Deposit. The results support the potential for further resource growth along the Afema Shear, with additional exploration in new areas such as Sikasso and Bergerie. Turaco is progressing towards completing a pre-feasibility study by June 2026, backed by a robust financial position, including cash reserves of approximately A$60 million as of March 2026, to continue its exploration and development activities.
Key Points
  • Turaco Gold Limited announced further drilling results from the Afema Gold Project.
  • The project is located in south-east Cote d’Ivoire with a current mineral resource estimate of 1.32Moz within the 4.65Moz Afema MRE.
  • Recent drilling on the Adiopan-Asupiri Deposit reported significant gold findings, including 28m at 2.17g/t gold from 91m.
  • Additional exploration drilling was conducted in new mineralised areas referred to as 'Sikasso' and 'Bergerie'.
  • The drilling results indicate potential for continued rapid resource growth at Afema.
  • The company is completing a pre-feasibility study for the Afema project, expected to be reported in June 2026.
  • Turaco Gold is in a strong financial position with about A$60 million in cash as of March 2026 to support ongoing exploration and studies.
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.