Turaco Gold (TCG) 2025 Conference Transcript

Summary of Turaco Gold (TCG) 2025 Conference Call Company Overview - Company: Turaco Gold (TCG) - Project: Afema Project located in Côte d'Ivoire, West Africa - Market Capitalization: Approximately $400 million [5] Key Points and Arguments Resource Development - Initial Resource: Delivered a maiden resource of 2,500,000 ounces shortly after the previous year's conference [4] - Updated Resource: Increased to 3,600,000 ounces within eight months, with plans for further updates by year-end [4][16] - Resource Composition: Comprised of four deposits, with significant potential for growth [7][14] Project Significance - Location: Côte d'Ivoire is highlighted as the standout country in West Africa for gold production, with significant discoveries in recent years [9][10] - Infrastructure: The project is well-located with access to hydropower and major roads, enhancing development prospects [11][12] Financial Position - Funding: Secured over $80 million in funding without the need for further capital raises before project development [6] - Shareholder Confidence: Management team holds significant shares, indicating strong personal investment in the company's success [7] Geological Potential - Geological Advantage: The Afema project covers 80% to 90% of the Seffwe Greenstone Belt, a world-class gold belt [13] - Drilling Success: Ongoing drilling has yielded promising results, with recoveries of 85% to 90% across deposits [16][24] Future Plans - Feasibility Studies: A Pre-Feasibility Study (PFS) is expected to be completed by April, followed by a Definitive Feasibility Study (DFS) [31] - Environmental Approvals: Environmental approvals are anticipated by 2026, with plans to develop the mine by early 2027 [32] Additional Important Information - Market Comparison: TCG is valued at about $100 per ounce, significantly lower than peers trading at $200 to $300 per ounce, indicating potential for valuation growth [31] - Exploration Targets: Several additional targets have been identified, including the Bafia anomaly and Nema Lesser Shear, which could further enhance resource estimates [29][30] Conclusion Turaco Gold is positioned as a significant player in the West African gold sector, with a robust resource base, strong financial backing, and a clear path towards development. The company's strategic location, geological advantages, and management's track record of success in the industry further bolster its investment appeal.