Begnopan Drilling Yields Up to 6.36g/t Gold Over 8m, 89% Extraction Confirmed

Begnopan Emerges as a Significant New Deposit

Turaco Gold Limited has delivered a compelling update on its Afema Project in Côte d’Ivoire, with recent drilling results at the Begnopan prospect confirming it as a substantial new addition to the company’s resource base. Sixteen reverse circulation holes drilled at Begnopan have revealed continuous gold mineralisation extending approximately 3 kilometres along strike, with the deposit remaining open in all directions. Highlights include intercepts such as 8 metres at 6.36 grams per tonne (g/t) gold from 105 metres depth, underscoring the deposit’s high-grade potential.

Strong Metallurgical Performance Validates Processing Approach

Complementing the drilling success, metallurgical test work on Begnopan samples has demonstrated an encouraging overall gold extraction rate of up to 89% using the same processing flowsheet applied to nearby deposits within the Afema shear zone. This consistency in metallurgical response simplifies integration into existing processing plans and supports the economic viability of the deposit. While the test work remains unoptimised, these early results provide a solid foundation for further development.

Resource Growth and Project Integration

Building on these findings, Turaco plans to delineate a maiden JORC-compliant resource estimate for Begnopan, targeted for inclusion in an updated Afema Mineral Resource Estimate (MRE) scheduled for the fourth quarter of 2025. This update will augment the current 3.55 million ounce resource, which already encompasses the Woulo Woulo, Jonction, Anuiri, and Asupiri deposits. The integration of Begnopan is expected to enhance the project’s scale and resource diversity, reinforcing its development potential.

Asupiri Deposit Continues to Show Promise

Meanwhile, drilling at the Asupiri deposit continues to yield positive results, with infill and strike extension drilling on both the western and eastern structures improving resource confidence. Notably, drilling through historical heap leach pads adjacent to Anuiri and Asupiri has revealed significant gold grades near surface, suggesting the presence of remnant material that could potentially be processed with minimal additional mining or crushing costs. Turaco is investigating this material further, which could provide an incremental boost to project economics.

Robust Financial Position Fuels Aggressive Exploration

Turaco’s strong financial footing, with approximately A$80 million in cash, underpins its aggressive exploration and development strategy. The company currently operates five rigs on double shifts, including two dedicated to geotechnical drilling and three focused on resource extension and exploration. This operational intensity, combined with the promising results at Begnopan and Asupiri, positions Turaco well to advance the Afema Project through its pre-feasibility study and towards eventual production.