Turaco Gold Boosts Afema Project Resource by 40% to 3.55Moz

Turaco Gold Ltd ( (AU:TCG) ) has issued an update.

Turaco Gold Limited has announced a significant update to its JORC Mineral Resource Estimate for the Afema Project in southeastern Côte d’Ivoire, increasing the estimate by over 40% to 3.55 million ounces of gold. This growth positions the Afema Project as one of the largest undeveloped gold projects in West Africa. The company is actively pursuing further resource expansion through ongoing drilling and plans to commence a pre-feasibility study targeting a 5-6Mtpa development. The updated resource estimate and continued exploration efforts underscore Turaco’s commitment to enhancing its market position and delivering substantial growth in the near future.

More about Turaco Gold Ltd

Turaco Gold Limited is a company operating in the gold mining industry, focusing on the exploration and development of gold resources. The company is primarily engaged in projects located in West Africa, particularly in Côte d’Ivoire, where it aims to expand its gold resource base.

YTD Price Performance: 55.07%

Average Trading Volume: 1,500

Technical Sentiment Signal: Sell

Current Market Cap: €216.2M

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