Turaco Gold (TCG) Q4 2025 TU earnings summary

Executive summary

• Advanced drilling and pre-feasibility work at the Afema Project, focusing on resource growth and new discoveries in Côte d'Ivoire.

• Five drill rigs operated during the quarter, confirming scale and continuity along the Afema shear corridor.

• Updated Afema Mineral Resource Estimate (MRE) increased to 4.06Moz gold, up by over 500,000 ounces in five months.

• Drilling at Woulo Woulo, Herman, Adiopan, Anuiri, and Jonction delivered high-grade intercepts and expanded resource confidence.

• Transitioned to exploration-focused drilling, targeting new prospects outside the current MRE footprint.

Financial highlights

• Ended the quarter with approximately A$68 million in cash and A$4 million in listed investments.

• Quarterly exploration and evaluation payments totaled about A$7.9 million, including community infrastructure investment.

• No mining production or development activities during the quarter.

Outlook and guidance

• Next Afema MRE update targeted for late 1Q CY2026, expected to include maiden resources for Herman and Adiopan.

• Afema Pre-Feasibility Study (PFS) on track for completion in 2Q CY2026.

• March 2026 quarter priorities: continued drilling at Adiopan, ongoing exploration at Baffia, Kotoka, and Niamienlessa-Affienou, and advancing PFS milestones.