Turaco Gold (TCG) Conference Transcript

Summary of Turaco Gold (TCG) Conference Call - July 23, 2025 Company Overview - Company: Turaco Gold (TCG) - Industry: Gold mining in West Africa - Project: Afema gold project, significant undeveloped gold project in West Africa with a resource of 3,600,000 ounces of gold [1][5] Key Points and Arguments - Resource Growth: The company plans to increase its resource significantly over the next six months, with regular updates every six months [2] - Funding Status: Turaco Gold has secured over $80,000,000 in funding, allowing for extensive drilling of 10,000 meters per month [3][6] - Shareholder Support: The company has a loyal shareholder base, with many investors following the management team across multiple successful ventures [3] - Market Capitalization: The market cap has increased from approximately $30 million to around $450 million since acquiring the Afema project [6] - Geographical Advantage: The project is located in Côte d'Ivoire, which is noted as the preferred country in West Africa for gold mining due to its strong economy, excellent infrastructure, and safety [7][8] - Infrastructure: The project benefits from proximity to a new paved highway and access to competitively priced hydroelectric power at around $0.13 per kilowatt hour [9][10] Geological Insights - Exploration Area: The project covers 1,600 square kilometers, primarily within the Sefwe Greenstone Belt, with a granted mining permit covering 220 square kilometers [12][13] - Deposit Details: The resource consists of four main deposits, with the Woolooulu deposit containing 1,600,000 ounces at about 1 gram per tonne [15][21] - High-Grade Deposits: Other deposits include Junction (600,000 ounces at 2 grams), Inuri (500,000 ounces at 1.7 grams), and Asapiri (800,000 ounces) [16][26] - Drilling Results: The company has reported high-grade drilling results and is optimistic about further discoveries, with many deposits open at depth [17][28] Future Plans - Resource Updates: Regular updates on resource growth are expected, with a Preliminary Feasibility Study (PFS) due early next year and a Definitive Feasibility Study (DFS) by the end of next year [33] - Development Timeline: The company aims to develop the project by early 2027, anticipating a larger resource than the current 3,600,000 ounces [33] Market Position - Valuation Comparison: Current market cap is around $400 million, with potential for significant upside as comparable projects in the region are valued at over $1 billion [32] - Investment Potential: The company is positioned favorably within the industry, with a strong resource base and supportive infrastructure compared to peers [32][33] Additional Insights - Security and Safety: The project area has no security issues, enhancing operational confidence [7][11] - Environmental and Community Factors: The company has no impediments regarding environmental or community issues for developing the mine [13] This summary encapsulates the key aspects of Turaco Gold's conference call, highlighting the company's strategic position, resource potential, and future growth plans in the gold mining sector.