Each one in plain English, with the numbers worked through for a shareholder.
30 Apr 2025other▲ GoodMajor
Metallurgical testing at Afema shows overall gold extraction of 84-90% at Jonction, Anuiri and Asupiri and 87-95% at Woulo Woulo, up from 76-85% previously reported at Jonction. Clears the way for Asupiri's maiden resource in the imminent update.
2 Apr 2025drilling result▲ Good
32 shallow holes at Begnopan, between Jonction and Anuiri, returned e.g. 34m @ 3.44g/t from 65m, across 2.5km of strike. These results miss the cutoff for the imminent resource update but support later growth.
31 Mar 2025other● Neutral
Annual corporate governance statement and Appendix 4G, current at 31 March 2025, describing board policies against ASX recommendations. Compliance document with no new operational or financial information.
31 Mar 2025annual report● Neutral
Annual report for 2024 recaps Afema 80% ownership, the 2.52Moz maiden resource, and raises of A$6M at 9c, A$18M at 18c and A$35M at 31c. Targets 70,000m of drilling in 2025 and an updated resource in Q2 2025.
24 Mar 2025security holder rights change● Neutral
Administrative notice: 46.5M shares issued to Endeavour Mining in April 2024 for the first 51% of Afema leave voluntary escrow on 2 April 2025. Shares become freely tradeable; no new business information.
13 Mar 2025investor presentation● Neutral
Presentation for the Euroz Hartleys conference, titled 'Rapidly Growing Multi Million Ounce Gold Camp'. Repeats known Afema information; the text provided shows no new results.
12 Mar 2025director officer appointment● Neutral
Ian Kerr, a Sandfire executive who led the US$400M Motheo project, joins as non-executive director. Longest-serving director Alan Campbell will retire at the May 2025 AGM. Adds project development experience as Afema advances.
7 Mar 2025other▲ Good
S&P index notice listing Turaco Gold as an addition to the All Ordinaries index, effective 24 March 2025. It contains no company-specific operational or financial news.
4 Mar 2025drilling result▲ GoodMajor
28 holes at Asupiri, next to Anuiri, returned e.g. 9m @ 4.49g/t and 21m @ 2.15g/t, consistent with historical drilling. A maiden Asupiri resource will join the Afema update, now expected early in the June 2025 quarter, a slip from the March target.
18 Feb 2025investor presentation● Neutral
Presentation for the RIU Fremantle Explorers Conference, titled '2.5Moz and Growing Rapidly'. Repeats known Afema information; the text provided shows no new results or figures.
23 Jan 2025drilling result▲ GoodMajor
Maiden drilling at the Baffia prospect, about 3km from Jonction, hit 32m @ 1.69g/t from 12m and 21m @ 1.79g/t from 104m, a new discovery. Only 13 of 23 holes are reported; an updated resource is targeted by end of March quarter.
16 Dec 2024drilling result▲ Good
Jonction returned high-grade results such as 9m @ 9.88g/t from 288m, still open at depth. First-pass Affienou drilling hit 7m @ 3.78g/t and 23m @ 1.19g/t. Turaco also confirms its Afema interest is now 80%, completing the Sodim deal.
11 Dec 2024security holder rights change● Neutral
Administrative notice: 42.4M shares issued, including the 40.5M second tranche of the October placement, 1.5M from performance rights and 373,848 for the Pioneer exclusivity. This completes the A$35M raise.
9 Dec 2024asset acquisition disposition▲ GoodMajor
Turaco secured exclusivity and a 12-month option over a 366km2 permit application next to Afema, lifting project area above 1,600km2. Exclusivity costs US$75,000 in shares; full acquisition would cost 2.25M shares plus a 2% royalty.
29 Nov 2024security holder rights change● Neutral
Administrative notice: 600,000 shares issued on exercise of employee performance rights. No new information beyond minor dilution.
27 Nov 2024farm in farm out agreement▲ GoodMajor
Turaco agreed with partner Sodim to lift its Afema interest from 51% to 80% for US$14.2M, half cash and half shares (~36.3M). This accelerates the earlier path to 70%. Sodim's royalty option falls to 1.5% from 2.0%. Share issue needs approval by 14 January 2025.
13 Nov 2024drilling result▲ GoodMajor
First-pass drilling at Niamienlessa SW, a new discovery within about 10km of the Afema deposits, hit 12m @ 6.72g/t from 18m and 27m @ 1.30g/t. These are the first 10 of 16 holes, so the pending results are partly answered; more holes await.
4 Nov 2024director officer appointment● NeutralMajor
Ben Larkin, formerly CFO of Medallion Metals, becomes CFO and Company Secretary from 18 November, replacing Lionel Liew who resigned. Stuart Cruickshanks joins as Study Manager to start early development studies at Afema.
18 Oct 2024capital raising announcement▲ GoodMajor
Turaco raised A$35M at 31c per share (about 112.9M shares), a 13.9% discount to the last price. Pro forma cash is over A$48M, funding faster Afema drilling; an updated resource is targeted for Q1 2025. A second tranche needs shareholder approval.
What it means for a shareholder
113m new shares at about A$0.310 to raise about A$35.0m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
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14 Oct 2024drilling result▲ GoodMajor
Seven shallow holes at the Herman Mine, about 700m from Woulo Woulo, all hit gold, e.g. 15m @ 2.11g/t from 93m. Turaco calls this a new parallel mineralised trend, open to the north for 1km. Follow-up drilling is planned; no resource yet.
25 Sept 2024drilling result▲ Good
Final five deep Woulo Woulo holes, outside the maiden resource, all extended mineralisation, including 92m @ 1.65g/t from 181m and 211m @ 0.90g/t from 206m. This resolves the five pending deep holes and supports resource growth, though the resource itself is unchanged.
13 Sept 2024half year report● Neutral
Half-year to 30 June 2024 shows a loss of A$7.19M, up from A$1.94M a year earlier, due to the Afema acquisition and more exploration spending. It restates the 2.52Moz maiden resource announced after period end. No new operational information.
11 Sept 2024investor presentation● Neutral
Precious Metals Summit presentation titled '2.5Moz and Growing Rapidly', showing 751M shares, a A$0.25 share price and A$188M market cap. It repeats the known resource and drilling results; no new information.
2 Sept 2024drilling result▲ GoodMajor
New Woulo Woulo holes, not in the maiden resource, include 186m @ 1.65g/t from 263m (with 7m @ 14.43g/t) and 84m @ 1.73g/t from 280m. Turaco says this points to resource growth at higher grade. Exploration permit drilling has started.
29 Aug 2024security holder rights change● Neutral
7,190,000 performance rights vested after the maiden resource announcement. Holders can exercise them at A$0.001 each into shares, expiring 2025 or 2027. Modest potential dilution; administrative follow-on from the resource.
27 Aug 2024resource reserve update▲ GoodMajor
Turaco announced a maiden Afema resource of 2.52Moz gold: Woulo Woulo 1.25Moz, Jonction 660,000oz and Anuiri 600,000oz, 60% Indicated. It is called interim, with drilling ongoing. This delivers the resource target set when Afema was acquired.
7 Aug 2024investor presentation● Neutral
Diggers and Dealers presentation on Afema shows about 750M shares, a A$0.22 share price and A$165M market cap, with A$18M cash at 30 June. It repeats known drilling and project facts; no new information.
18 July 2024drilling result▲ Good
Results from 23 more Woulo Woulo holes include 61m @ 1.64g/t from 124m and 87m @ 1.04g/t from 138m, with grade increasing at depth. 60 holes (>8,500m) drilled. Cash was A$18.3M at 30 June; maiden resource due in coming weeks.
1 July 2024regulatory community update▲ GoodMajor
Three Afema exploration permits covering 812km2 were granted, taking the granted project area to 1,040km2. This resolves the pending permit applications. Drilling on them is planned from August 2024; maiden resource still expected in the September quarter.
19 June 2024drilling result▲ Good
Results from 11 more Woulo Woulo holes include 52m @ 1.32g/t from 166m and 54m @ 1.03g/t from 116m, supporting continuity of the deeper northern zone. 50 holes (~7,000m) drilled; maiden resource still targeted for the September quarter. Cash about A$20M.
