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Turaco Gold

ASX:TCG
No current share price held for this company.
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Market cap
—
Shares on issue
—
Story beats
137 since 2008
Last event
31 July 2026

Announcements, explained

Each one in plain English, with the numbers worked through for a shareholder.

13 Oct 2026drilling result▲ Good

Woulo Woulo deep drilling hit 56m @ 3.87g/t including 16m @ 10.19g/t, which management calls arguably its best result there. It supports a roughly 700m high-grade shoot below the 1.7Moz resource; another deep rig is mobilising and the ESIA is due to be submitted this month.

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16 Sept 2026drilling result▲ Good

Begnopan drilling returned high grades, e.g. 24m @ 3.30g/t and 11m @ 4.33g/t, extending mineralisation beyond the 260koz resource. Results cover 69 of 113 holes. The 4.65Moz resource update is due Q4 2026 and may include Begnopan in the ore reserve.

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10 Aug 2026drilling result▲ Good

Adiopan drilling extended shallow high-grade gold, e.g. 15m @ 4.72g/t and 18m @ 2.71g/t, at the Asupiri deposit (1.28Moz resource within the 4.65Moz total). The company says this supports further resource growth; a further resource update is still targeted by end 2026.

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23 July 2026drilling result▲ GoodMajor

Deep drilling at Woulo Woulo hit 100m @ 1.06g/t from 495m, including 17m @ 2.96g/t, about 250m below earlier drilling and below the PFS pit. This suggests the 1.7Moz deposit could grow; further deep holes are being drilled.

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17 June 2026resource reserve update▲ GoodMajor

Afema pre-feasibility study shows a 10.3-year open pit producing about 200,000oz a year, with a maiden 1.91Moz Probable Ore Reserve. Development capital is US$410M; post-tax NPV(5%) is US$2.1B at US$3,500/oz gold. Resource stays 4.65Moz. This delivers the study due June 2026.

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12 May 2026drilling result▲ Good

Adiopan-Asupiri drilling returned results such as 28m @ 2.17g/t, and new areas Sikasso and Bergerie outside the 4.65Moz resource also returned gold (e.g. 20m @ 2.28g/t). PFS is now said to be due in June 2026, within the 2Q CY2026 target.

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18 Mar 2026resource reserve update▲ GoodMajor

Afema resource rises to 4.65Moz (115.3Mt @ 1.3g/t), up 590koz from 4.06Moz in October 2025, with a maiden 100koz Herman resource and bigger Asupiri (1.32Moz). Indicated ounces up 23%. A maiden Ore Reserve is expected in the PFS, due 2Q CY2026.

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12 Mar 2026drilling result▲ Good

Drilling along the Niamienlessa-Affienou Trend returned oxide gold such as 14m @ 3.18g/t and 2m @ 13.26g/t at new Affienou West. The last five Adiopan holes also reported (e.g. 25m @ 1.96g/t). The updated 4.1Moz resource is being finalised; PFS still due 2Q CY2026.

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27 Jan 2026drilling result▲ GoodMajor

Adiopan step-out drilling extends mineralisation about 1.5km along strike, with results such as 42m @ 2.76g/t and 25m @ 3.31g/t, plus new parallel shears. The company expects material, higher-grade resource growth in the 1Q CY2026 update.

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7 Jan 2026drilling result▲ Good

Anuiri and Jonction infill results, such as 51m @ 2.48g/t and 15.35m @ 5.39g/t, are consistent with the existing models and expected to give modest Anuiri growth. All infill assays are now in, and rigs focus on exploration.

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1 Dec 2025drilling result▲ Good

Woulo Woulo infill drilling confirmed continuity, with 134m @ 1.07g/t, and Herman returned shallow high-grade, such as 8m @ 4.30g/t. A maiden Herman resource is planned in the update due by end 1Q CY2026; PFS still due 2Q CY2026.

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30 Oct 2025resource reserve update▲ GoodMajor

Afema resource rises to 4.06Moz (102.9Mt @ 1.2g/t), up more than 500koz from 3.55Moz five months earlier. Includes maiden Begnopan (260koz) and Toilesso (40koz) and Asupiri up to 1.02Moz. Next update due 1Q CY2026; PFS due 2Q CY2026.

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8 Oct 2025drilling result▲ GoodMajor

Five diamond holes at Adiopan confirm a significant new discovery, best 16m @ 5.03g/t and 25m @ 2.48g/t, following the August maiden holes. Asupiri infill also positive. An MRE update excluding Adiopan is due within weeks; PFS due 2Q CY2026.

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3 Sept 2025drilling result▲ GoodMajor

Begnopan drilling returned up to 8m @ 6.36g/t over about 3km of strike, and metallurgy showed 89% gold extraction. A maiden Begnopan resource is planned for the Q4 2025 update to the 3.55Moz total. Five rigs are now drilling.

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4 Aug 2025drilling result▲ Good

Drilling outside the 3.55Moz resource found new mineralisation at Adiopan, with results including 25m @ 2.66g/t and 21m @ 3.24g/t. Asupiri and Anuiri also extended, with 3m @ 16.32g/t at a new zone near Anuiri. Cash is over A$80M.

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10 July 2025drilling result▲ GoodMajor

Scout drilling next to Woulo Woulo hit 4m @ 82.01g/t, including 1m @ 324.58g/t, an isolated hole with no drilling along strike. Baffia returned 14m @ 1.19g/t. A fourth rig is now drilling, and cash is over A$85M.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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