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11 stories mentioning ASX:TCGUpdated 8d ago

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Asia

Turaco Gold's Scale, Project Quality Support Production Target, Euroz Hartleys Says

Turaco Gold's (ASX:TCG) scale and project quality support its production target of over 200,000 ounces per year, Euroz Hartleys said in a Thursday note.The company recently confirmed significant depth extensions to the Woulo Woulo deposit's mineral resource, following initial deep drilling at the deposit located within the Afema project in Ivory Coast.Higher-grade gold was intersected around 250 meters below previous drilling, with an intercept of 100 meters at 1.06 grams per tonne grade of gold from 495 meters.The deposit currently accounts for 1.7 million ounces of the total 4.65 million ounce mineral resource at the project and shows increasing gold grades at depth along with wide widths, which reinforces its strong economics as represented in the pre-feasibility study, Euroz Hartleys said.Further upside is anticipated in the potential production profile through the definitive feasibility study.Euroz Hartleys reaffirmed its speculative buy recommendation and AU$1.85 price target on Turaco Gold.Turaco Gold shares fell 2% in morning trade on Friday.

ASX:TCG
Asia

Turaco Gold Says Initial Deep Drilling at Ivory Coast Deposit Confirms Depth Extensions to Mineralization Below Mineral Resource

Turaco Gold (ASX:TCG) said initial deep drilling at the Woulo Woulo deposit, within the Afema gold project in Ivory Coast, confirmed significant depth extensions to the deposit's mineral resource, according to a Thursday Australian bourse filing.Higher-grade gold was intersected around 250 meters below previous drilling, with an intercept of 100 meters at 1.06 grams per tonne grade of gold from 495 meters.Further deeper holes are currently being drilled to confirm the continuity of broad widths of high-grade gold mineralization, the filing added.

ASX:TCG
Asia

Turaco Gold's Ivory Coast Project PFS Highlights Growth Potential, Euroz Hartleys Says

Turaco Gold (ASX:TCG) strengthened its investment case after the pre-feasibility study (PFS) for its Afema project outlined a scalable, high-margin gold development with rapid payback, strong reserve growth potential and an attractive valuation, Euroz Hartleys said in a June 26 note.The research firm said the PFS projects annual gold production of more than 200,000 ounces over a 10-year mine life, with higher early-stage production expected to accelerate capital recovery, while initial capital expenditure of $442 million came in below its $450 million forecast, improving capital efficiency and reducing execution risk.Euroz Hartleys noted the maiden ore reserve of 1.9 million ounces provides a solid foundation for the project, while the larger 4.7 million-ounce mineral resource, along with the Herman and Begnopan deposits, offers potential to extend mine life and increase production.The firm highlighted the project's location in southern Ivory Coast, near Abidjan and existing infrastructure, provides logistical advantages, with further mine design and processing optimization expected to improve economics ahead of the definitive feasibility study.The firm said that the company remains undervalued versus its Australian Securities Exchange-listed peers, trading at about AU$100 per resource ounce against a peer average of AU$190. It added that the project's scale, manageable capital requirements, and strong economics make it an attractive takeover target.Euroz Hartleys maintained a speculative buy recommendation on Turaco Gold with a price target of AU$1.85.The company's shares fell past 1% in recent Monday trade.

ASX:TCG
Asia

Turaco Gold Exercises Rights to Acquire Option at Ivory Coast Permit; Shares Down 4%

Turaco Gold (ASX:TCG) exercised its rights to acquire an option for the acquisition of exploration permit PR1074 from Pioneer Minerals SARL, according to a Tuesday filing with the Australian bourse.The acquisition would bring the total Afema project area in the Ivory Coast to over 1,600 square kilometers, the filing said.The company plans to conduct stream sediment sampling and soil sampling to generate future drill targets, per the filing.Shares fell 4% in morning trade on Tuesday.

ASX:TCG
Asia

Turaco Gold's Pre-Feasibility Study for Ivory Coast Project Broadly in Line With Euroz Hartleys Figures

Turaco Gold's (ASX:TCG) pre-feasibility study for the development of the Afema project in the Ivory Coast is broadly in line with Euroz Hartleys estimates, establishing the company as one of few developers on the ASX capable of producing over 200,000 ounces per year over a 10-year mine life, the financial services firm said in a Wednesday note.The company recently completed the pre-feasibility study, outlining a conventional open pit operation with a processing rate of 6 million tonnes per year.In the first year, 230,000 ounces is expected to be produced, with an average of about 215,000 ounces per year in the first seven years of production.An upfront capital of $410 million, along with competitive operating costs, sets up the project as a "high-margin and potentially highly profitable" gold producer, Euroz Hartleys said.The project's mineral resource totals 116 million tonnes at a grade of 1.2 grams per tonne for 4.65 million ounces, indicating potential for additional reserves in the future.A definitive feasibility study is anticipated to be completed over the next nine to twelve months.Euroz Hartleys reaffirmed its speculative buy recommendation and AU$1.85 price target on Turaco Gold.Turaco Gold shares fell past 2% in morning trade Thursday.

ASX:TCG
Research

Barrenjoey Markets Starts Turaco Gold at Overweight with AU$1.15 Price Target

Turaco Gold (ASX:TCG) has an average rating of buy and mean price target of AU$1.62, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)

ASX:TCG
Asia

Turaco Gold Says T. Rowe Price Ceases to Be Substantial Holder

Turaco Gold (ASX:TCG) said T. Rowe Price Associates ceased to be a substantial holder in the company on May 18, according to a Thursday Australian bourse filing.The company's shares were up past 1% in recent Thursday trade.

ASX:TCG
Asia

Turaco Gold's Pre-Feasibility Study for Ivory Coast Gold Project to Mark Transition to Emerging Gold Developer, Euroz Hartleys Says

Turaco Gold's (ASX:TCG) pre-feasibility study for its Afema gold project in Ivory Coast that is nearing completion and targeted for release in the June quarter will mark the company's transition from a high-growth exploration play to an emerging gold developer, Euroz Hartleys said in a note on Wednesday.The study is expected to highlight its potential as a tier‐1 standalone gold operation.The project appears well-positioned to support a strong reserve for the study, with a maiden reserve of over 2 million ounces considered achievable, leading to scope for production exceeding 200,000 ounces per year and average all-in sustaining costs of around $1,470 per ounce, Euroz Hartleys said. An initial 10-year mine life was modeled.The investment firm maintained its speculative buy recommendation and raised the price target to AU$1.85 from AU$1.60.Turaco Gold's shares fell 5% in recent Wednesday trade.

ASX:TCG
Asia

Turaco Gold's Ivory Coast Project Drilling Results Support Resource Conversion, Mineral Resource Growth, Euroz Hartleys Says

Turaco Gold's (ASX:TCG) latest drilling results continue to reinforce the Afema project in the Ivory Coast as a rapidly growing, district-scale West African gold project, with results supporting both resource conversion and ongoing mineral resource estimate growth, Euroz Hartleys said in a note on Tuesday.The Bergerie and Sikasso discoveries are particularly encouraging. Both prospects occur along interpreted strike extensions of known mineralised structures and remain open. Drilling results at Adiopan were consistent and down dip from previous drilling, extending mineralization at depth.The analysts modeled around $380 million in capital expenditure for an initial 10-year life of mine, ramping to 6 million tonnes-per-annum for steady-state production levels of over 200,000 ounces-per-annum, with average grades of around 1.3 grams per tonne of gold, recoveries at around 88% for lower than average costs of around $1,400 per ounce of all-in sustaining costs.The investment firm retained its speculative buy rating on Turaco Gold with a price target of AU$1.60 per share.

ASX:TCG
Asia

Turaco Gold Identifies Gold Mineralization at Ivory Coast Project

Turaco Gold (ASX:TCG) identified further mineralization from ongoing drilling at the Afema gold project in south-east Ivory Coast, according to a Tuesday Australian bourse filing.The results were up to 28 meters at 2.17 grams per tonne gold (g/t) from 91 meters, including 15 meters at 3.32 g/t gold from 104 meters.The company said the results are from resource extension and infill drilling on the Adiopan-Asupiri deposit, which hosts a current 1.32 million ounce mineral resource estimate (MRE) within the 4.65 million ounce Afema MRE.Shallow drilling at the Sikasso prospect returned 21 meters at 2.29 g/t gold from 66 meters, with mineralization at both Bergerie and Sikasso occurring from surface and remaining open with further drilling underway, the filing added.The Afema pre-feasibility study (PFS) is due in June, with five drill rigs currently operating with a focus on new discoveries, the company added.

ASX:TCG
Asia

Turaco Gold Boosts Mineral Resource Estimate for Côte d'Ivoire Project; Shares Rise 3%

Turaco Gold (ASX:TCG) said the mineral resource estimate for its Afema project in Côte d'Ivoire has increased to 4.65 million ounces of gold, adding 590,000 ounces since October 2025 for a roughly 15% rise, according to a Wednesday filing with the Australian bourse.The growth came alongside a 23% increase in indicated resources, which "significantly" improves resource confidence and supports the pre-feasibility study for the project, the company said.The mineral resource estimate comprises several deposits located within a roughly 10-kilometer project radius, including the 1.7 million-ounce Woulo Woulo deposit and the 1.32 million-ounce Asupiri deposit, per the filing."Importantly, all deposits within the Afema project remain open, highlighting strong potential for continued resource growth," Turaco Gold said.The company's shares gained 3% in recent Wednesday trade.

ASX:TCG

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