Turaco Gold (TCG) 2025 Precious Metals Summit - Beaver Creek summary

Project acquisition and growth

• Secured the Afema Gold Project in Côte d'Ivoire 18 months ago after resolving complex ownership issues.

• Rapidly advanced the project, delivering a maiden resource of 2.5 million ounces within six months and growing it to 3.6 million ounces.

• Ongoing drilling and resource updates are expected to further increase the resource before year-end and into next year.

• The project is now recognized as a significant undeveloped gold asset in West Africa.

Financial position and market outlook

• Recently completed a AUD 60 million capital raise, with current funding at about AUD 80 million.

• Next capital raise will be for project development, not exploration.

• Share price has performed well, supported by regular drill results and analyst coverage.

• Market capitalization is around AUD 500 million, with share price targets above current levels.

Exploration and resource expansion

• Five drill rigs on site, conducting 10,000 meters of drilling per month across multiple deposits.

• Four deposits currently in the resource, with a fifth to be added soon.

• Project area expanded to 1,600 sq km, covering 80-90% of the Sefwi belt in Côte d'Ivoire.

• New exploration permits granted, providing 12 years of tenure and enabling further growth.