Adiopan Drilling Yields 16m at 5.03g/t Gold, Elevating Afema Resources

Significant New Discovery at Adiopan

Turaco Gold Limited has announced compelling results from its latest drilling campaign at the Adiopan prospect, part of the broader Afema Project in Côte d’Ivoire. The company reported multiple high-grade gold intercepts, including a standout 16 metres at 5.03 grams per tonne from 121 metres depth. These results confirm Adiopan as a substantial new gold discovery, strategically located along the Afema shear zone and adjacent to known deposits such as Anuiri and Asupiri.

The drilling program, comprising five diamond drill holes totaling 1,095 metres, followed an earlier maiden program that also returned encouraging grades. Notably, mineralisation at Adiopan remains open both at depth and along strike, with no drilling conducted over a 3-kilometre stretch to the north, where the structure continues to host promising targets like the Begnopan prospect. Historical shallow oxide drilling further supports the potential for a significant strike extent.

Resource Growth at Asupiri and Afema Project

Alongside Adiopan, Turaco has been advancing resource drilling at the Asupiri Deposit, which currently holds an estimated 820,000 ounces at 1.2 grams per tonne gold. Recent infill and extension drilling at Asupiri has yielded positive results, enhancing confidence in the deposit’s continuity and potential to add ounces. These efforts are part of a broader strategy to upgrade inferred resources within optimised pit shells ahead of the Pre-Feasibility Study (PFS) completion.

The Afema Project as a whole boasts a JORC-compliant Mineral Resource Estimate of 3.55 million ounces, spread across multiple deposits including Woulo Woulo, Jonction, Anuiri, and Asupiri. Turaco is preparing an update to this resource estimate, expected in the coming weeks, which will incorporate recent drilling at Begnopan, Toilesso, and extensions at Asupiri. However, the latest Adiopan drilling results will be included in subsequent updates, suggesting further resource growth is on the horizon.

Advancing Towards Feasibility and Exploration

The PFS for the Afema Project is progressing on schedule, with completion anticipated in the second quarter of 2026. Feasibility-related drilling activities, including geotechnical, metallurgical, and hydrological work, are nearing completion. This will allow Turaco to shift focus back to exploration and resource extension drilling, leveraging the dry season in Côte d’Ivoire to accelerate programs.

Turaco’s financial position remains robust, with approximately A$80 million in cash as of June 2025, providing ample funding for ongoing exploration and development. Managing Director Justin Tremain highlighted the transformational potential of the next six months, emphasizing the combination of new discoveries, resource growth, and PFS delivery as key drivers for the company’s trajectory.

Strategic Implications

The Adiopan discovery adds a new dimension to the Afema Project, which is emerging as a significant gold camp in West Africa, comparable in scale to some of Ghana’s major gold districts. The continuity of high-grade mineralisation along the Afema shear and the extensive pipeline of drill targets underscore Turaco’s potential to substantially increase its resource base. With the PFS advancing and resource updates imminent, Turaco is positioning itself for a pivotal phase of growth and value creation.