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Turaco Gold Limited (ASX:TCG)

ALERT: Price-sensitive ASX Announcement for TCG
Current share price for TCG : $0.870 0.255 (41.46%)+
Announcement
Release
30 Jul 2026 9:07AM
Price at Release
$0.615
Full Release
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Summary
Turaco Gold Limited has released its June 2026 Quarterly Activity Report, highlighting significant progress on the Afema Project. The company completed a Pre-Feasibility Study (PFS) for the Afema Project, confirming it as a long-life, low-cost gold development capable of producing over 200,000 ounces of gold annually for more than 10 years. The study also established a maiden JORC Probable Ore Reserve of 1.91Moz. The company's exploration activities have shown potential for additional resource growth, with ongoing drilling yielding promising results in the Afema region. Financially, the company reported a net cash decrease due to operating activities and maintained a strong cash position of $51.023 million at the end of the quarter.
Key Points
  • Completion of Afema Project Pre-Feasibility Study.
  • Confirmed potential for over 200,000 ounces of gold production annually.
  • Maiden JORC Probable Ore Reserve of 1.91Moz established.
  • Ongoing exploration activities indicate further growth potential.
  • Net cash used in operating activities was $8.852 million.
  • Cash and cash equivalents at the end of the quarter were $51.023 million.
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.