Turaco Gold (TCG) Diggers & Dealers Mining Forum 2025 summary

Project milestones and resource growth

• Afema Gold Project in Côte d'Ivoire has grown to a 3.6 Moz JORC resource, with a 40% increase in less than 12 months and further updates expected by year-end.

• Resource growth driven by aggressive drilling (~10,000m/month) with four rigs operating and acceleration planned post-wet season.

• Ownership in the project increased from 51% to 80% over the past year, with a total project area exceeding 1,600 km².

• All resources are within a granted mining permit, with no environmental or regulatory impediments to development.

• Well-funded with over AUD 80 million in cash and investments, supporting ongoing exploration and feasibility work.

Project location, infrastructure, and jurisdiction

• Located in southern Côte d'Ivoire, far from security hotspots and close to major infrastructure and Abidjan.

• Excellent access via a new road and proximity to West Africa's largest city.

• Access to reliable, competitively priced hydropower at AUD 0.12–0.13/kWh, with confirmed capacity.

• Côte d'Ivoire is highlighted as the premier gold jurisdiction in West Africa, with rapid industry growth and stability.

• Project area includes a granted mining permit and three contiguous exploration permits.

Geology, exploration, and resource potential

• Project covers 1,600 sq km, controlling 80–90% of the Sefwi Greenstone Belt in Côte d'Ivoire.

• Four main deposits: Woulo Woulo (1.6 Moz), Jonction (610 koz), Anuiri (520 koz), Asupiri (820 koz), all open for expansion.

• Significant new discovery potential along the Afema Shear, Asingara Shear, and Niamienlessa Shear, with multiple untested targets and ongoing drilling.

• Notable drill results include 105m @ 1.61g/t, 186m @ 1.65g/t, and 32m @ 1.69g/t, indicating bulk width and consistent grade.

• Several new discoveries (Adgeopan, Begnopan, Toilesso, Bathia, Baffia, Niamienlessa) expected to add ounces in upcoming resource updates.