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Turaco Gold Ltd ( (AU:TCG) ) has issued an update.
Turaco Gold has reported another significant upgrade to the JORC Mineral Resource Estimate at its Afema Project, lifting total resources to 115.3 million tonnes at 1.3 grams per tonne gold for 4.65 million ounces. The latest update adds 590,000 ounces in less than five months, underpinned by higher-grade contributions from the Asupiri, Herman and Anuiri deposits and a maiden 100,000-ounce resource at Herman.
The company highlighted that indicated resources have increased markedly, with more than 90% of the ounces within optimised pit shells at Woulo Woulo, Jonction and Anuiri now in the Indicated category, and infill drilling underway to upgrade Asupiri. With multiple rigs active, additional mineralised trends yet to be incorporated and a preliminary feasibility study on track for completion in the June quarter of 2026, Turaco is positioning Afema for an initial ore reserve declaration and a subsequent definitive feasibility study, reinforcing its growth narrative in West African gold.
The most recent analyst rating on (AU:TCG) stock is a Buy with a A$1.45 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
Turaco Gold Limited is an Australian-listed gold exploration and development company focused on the Afema Project in West Africa. The company is advancing multiple near-surface gold deposits within a compact 6–7km radius, targeting open-pit development supported by extensive drilling, geophysics and geochemical programs.
Average Trading Volume: 1,978,883
Technical Sentiment Signal: Buy
Current Market Cap: A$673.8M
For detailed information about TCG stock, go to TipRanks’ Stock Analysis page.