Denver Gold Group member
Turaco Gold
- ASX: TCG
- Explorer (advanced)
- Gold
- West Perth, Australia
Company profile
Turaco Gold Limited (ASX:TCG) is an ASX-listed gold exploration and development company advancing the Afema Gold Project in southern Côte d’Ivoire, West Africa.
Since acquiring Afema in March 2024, Turaco has rapidly transformed the project into one of the most significant undeveloped gold assets in West Africa. Following the maiden JORC Mineral Resource Estimate (MRE) of 2.52Moz in August 2024, ongoing drilling success has driven substantial resource growth.
Since announcing a maiden JORC MRE in August 2024 of 2.52Moz, the Afema MRE has increased by over 2Moz to 4.65Moz at 1.3g/t in March 2026. Resource expansion continues at a rate of ~100koz per month, with 1.1Moz added over the last 10 months alone.
The Afema Preliminary Feasibility Study (‘PFS’) is expected to include the declaration of a maiden JORC Ore Reserve Estimate and remains due for completion in 2Q CY2026. Beyond that, Turaco is targeting a further MRE update prior to the end of CY2026.
The Afema Project is centred on a granted Mining Permit, supported by a Mining Convention with the State of Côte d’Ivoire, covering 227km². The broader Afema land package exceeds 1,600km², comprising the central mining permit, three contiguous exploration permits, an additional exploration permit application (228km²), and an option over a further application area (366km²).
Turaco maintains an active exploration program with multiple drill rigs operating, focused on expanding the resource base and delivering regular updates to the JORC Mineral Resource Estimate.
The Company is led by a highly experienced Board with a strong track record of gold discovery, development and value creation, including Justin Tremain (Managing Director), John Fitzgerald (Chairman), and Non-Executive Directors Bruce Mowat and Ian Kerr. Collectively, the Board has played key roles in the success of companies including Renaissance Minerals, Emerald Resources, Exore Resources, Papillon Resources, Northern Star and Sandfire Resources.
At Mining Forum Australia
A Denver Gold Group member company
Member companies meet qualified investors in unmediated 1x1 Meetings at every Mining Forum. The 2027 issuer list is published as companies confirm.
Peer groupthe five most similar Denver Gold Group members, 1 = most similar
| Rank | Company | Stage | Minerals | Primary operations | Market cap | 2025 production | Reserves | Match by factor |
|---|---|---|---|---|---|---|---|---|
| This company | Turaco GoldASX: TCG | Explorer | Gold | Ivory Coast | $656M | |||
| 1 | Founders MetalsTSXv: FDR | Explorer | Gold | Suriname | $616M | |||
| 2 | Chrysos Corporation LimitedASX: C79 | Service Member | Gold | Australia | $530M | |||
| 3 | Amex Gold MiningTSXv: AMX | Explorer | Gold, Silver | Canada | $437M | |||
| 4 | Radisson Mining ResourcesTSXv: RDS | Explorer | Gold, Gold | Canada | $378M | |||
| 5 | Collective MiningTSX: CNL | Explorer | Gold, Copper | Colombia | $1.2B |
close partial distant not reported Dots run in the order market cap, stage, minerals, country, production, reserves. Similarity weighs market capitalisation 25%, stage of development 20%, primary and secondary minerals 20%, primary country of operations 10%, production 12.5% and reserves 12.5%, with sizes compared on a logarithmic scale. Production and reserves are compared only between companies with the same primary mineral, and a figure a company has not supplied is left out of the score instead of counting against it. A statistical grouping for orientation, not a recommendation or a valuation comparison.
Prepared for information only; it is not investment advice or a recommendation. Company data as supplied to Denver Gold Group by member companies and public market sources. Market figures in US dollars as at 20 September 2026.