Each one in plain English, with the numbers worked through for a shareholder.
18 June 2025capital raising announcement▲ GoodMajor
Turaco raises about A$60M at 44c per share, a 9.3% discount, with bids well above the size sought. Pro forma cash is over A$83M, and a Share Purchase Plan of up to A$4M at the same price is planned. Funds go to drilling and feasibility work.
16 June 2025other● Neutral
ASX pauses trading in Turaco shares pending a further announcement. No reason is given in the notice; the placement follows two days later.
3 June 2025drilling result▲ Good
Drilling at Toilesso, 2km north of Jonction, returned e.g. 25m @ 1.75g/t and 6m @ 4.24g/t, and Jonction extension holes hit 7m @ 7.08g/t. An IP survey is being expanded; the company says these support short-term growth of the 3.55Moz resource.
27 May 2025security holder rights change● Neutral
Administrative notice: 1,600,000 shares issued after unquoted performance rights were exercised. No new business information.
15 May 2025agm notice● Neutral
A resolution for an extra 10% share-issue capacity is withdrawn from the 16 May AGM, because the company's market capitalisation now exceeds $300M and it is ineligible. Other resolutions are unaffected.
5 May 2025investor presentation● Neutral
May 2025 presentation titled 'Rapidly Growing 3.6 Million Ounce Gold Camp'. The text provided is mostly disclaimers and shows no new results beyond the 3.55Moz resource already announced.
5 May 2025admin correction▼ Bad
Turaco retracts the '5-6Mtpa development' wording in its 3.55Moz resource release, because it could be read as a production target not disclosed in line with listing rules. A corrected version is attached; the resource figures are unchanged.
5 May 2025resource reserve update▲ GoodMajor
Afema resource rises over 40% to 3.55Moz (90.8Mt @ 1.2g/t) from 2.52Moz, including a maiden 820koz at Asupiri. A pre-feasibility study is to start, due H1 2026, and a further resource update is targeted by end of 2025.
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.
30 Apr 2025quarterly activities report● Neutral
March 2025 quarter: over 22,000m drilled across Afema with three rigs on double shift, plus an IP survey extended by 15km. Repeats the Baffia, Asupiri and Begnopan results and says the resource update is imminent. Cash figure not in the text provided.
17 Apr 2025agm notice● Neutral
Administrative update: the AGM is brought forward from 30 May to 16 May 2025. Director nominations closed on 8 April 2025 with no further nominations accepted.
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.
2 Apr 2025agm notice● Neutral
Administrative notice: the 2025 AGM is set for 30 May 2025, with director nominations closing 8 April 2025. No substantive news.
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.
31 Jan 2025quarterly activities report▲ Good
December 2024 quarter: over 15,000m drilled, with Niamienlessa SW, Affienou and Baffia discoveries and high-grade Jonction results. Repeats the 2.52Moz resource; an updated estimate is targeted for late March or early June quarter. Cash figures are not in the text provided.
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.
