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Turaco Gold Ltd ( (AU:TCG) ) just unveiled an update.
Santa Fe Minerals Limited has entered into agreements to acquire the Eburnea Gold Project in Côte d’Ivoire from Turaco Gold Ltd. The project includes the Satama Permit and Bouake North Application, with significant potential for gold mineralization. The acquisition is subject to ASX and shareholder approval, and Santa Fe has secured commitments to raise $1.2 million to fund the transaction. This acquisition positions Santa Fe to expand its gold exploration activities in a region with promising mineral prospects, potentially enhancing its resource base and market presence.
The most recent analyst rating on (AU:TCG) stock is a Buy with a A$0.70 price target. To see the full list of analyst forecasts on Turaco Gold Ltd stock, see the AU:TCG Stock Forecast page.
More about Turaco Gold Ltd
Average Trading Volume: 1,649,568
Technical Sentiment Signal: Buy
Current Market Cap: A$467.8M
Find detailed analytics on TCG stock on TipRanks’ Stock Analysis page.