New Risk • Jul 01
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -AU$31m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$31m free cash flow). Revenue is less than US$1m. Minor Risk Currently unprofitable and not forecast to become profitable over next 3 years (AU$28m net loss in 3 years). Breakeven Date Change • Jun 30
No longer forecast to breakeven The 4 analysts covering Turaco Gold no longer expect the company to break even during the foreseeable future. The company was expected to make a profit of AU$12.8m in 2028. New consensus forecast suggests the company will make a loss of AU$27.5m in 2028. New Risk • Jun 26
New minor risk - Profitability The company is currently unprofitable and not forecast to become profitable over the next 3 years. Trailing 12-month net loss: AU$23m Forecast net loss in 3 years: AU$22m This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Major Risk Revenue is less than US$1m. Minor Risk Currently unprofitable and not forecast to become profitable over next 3 years (AU$22m net loss in 3 years). Aankondiging • Mar 31
Turaco Gold Limited, Annual General Meeting, May 11, 2026 Turaco Gold Limited, Annual General Meeting, May 11, 2026. Location: at ground floor, 1309 hay street, west perth wa 6005 Australia Aankondiging • Jun 20
Turaco Gold Limited has completed a Follow-on Equity Offering in the amount of AUD 59.662776 million. Turaco Gold Limited has completed a Follow-on Equity Offering in the amount of AUD 59.662776 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 135,597,219
Price\Range: AUD 0.44
Discount Per Security: AUD 0.022 Aankondiging • Apr 08
Aurum Resources Limited (ASX:AUE) acquired Boundiali South exploration tenement (PR-414) from Turaco Gold Limited (ASX:TCG) and Predictive Discovery Limited (ASX:PDI) Aurum Resources Limited (ASX:AUE) entered into binding term sheet to acquire Boundiali South exploration tenement (PR-414) from Turaco Gold Limited (ASX:TCG) and Predictive Discovery Limited (ASX:PDI) for AUD 1.64 million on March 19, 2024. Within 15 business days of the satisfaction (or waiver) of the conditions precedent above, the Seller will, by written notice to the Purchaser, elect to receive one of the following forms of consideration (Election). (i) AUD 0.8 million in cash (Cash Consideration) or (ii) If the 20-day volume weighted average trading price of Shares (VWAP) is Less than or equal to AUD 0.20 at the time of the Election, 5 million fully paid ordinary shares in the Purchaser (Shares) (Consideration Shares 1) or Greater than AUD 0.20 at the time of the Election, Shares to a value of AUD1.2 million, as determined by dividing AUD1.2 million by the 20-day VWAP for the Shares (Consideration Shares 2). Purchase of the tenement is subject to Aurum obtaining a renewal of the BST tenement (or the granOng of a replacement) and being satisfied that the terms of the renewal (or replacement permit) do not restrict exploration or potential future mining rights, along with required Government approvals.
Aurum Resources Limited (ASX:AUE) completed acquisition of Boundiali South exploration tenement (PR-414) from Turaco Gold Limited (ASX:TCG) and Predictive Discovery Limited (ASX:PDI) on April 8, 2025. Aankondiging • Apr 03
Turaco Gold Limited, Annual General Meeting, May 30, 2025 Turaco Gold Limited, Annual General Meeting, May 30, 2025. Board Change • Feb 04
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. Independent Non-Executive Director Bruce Mowat was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Jan 07
Independent Non-Executive Director recently bought AU$72k worth of stock On the 2nd of January, Alan Campbell bought around 278k shares on-market at roughly AU$0.26 per share. This transaction amounted to 6.4% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Board Change • Dec 24
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. Independent Non-Executive Director Bruce Mowat was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Aankondiging • Dec 17
Turaco Gold Limited (ASX:TCG) completed the acquisition of an additional 10% stake in Afema Project in southeast Cote d’Ivoire from Sodim Ltd. Turaco Gold Limited (ASX:TCG) agreed to acquire an additional 10% stake in Afema Project in southeast Cote d’Ivoire from Sodim Ltd for $14.2 million on November 27, 2024. Upon completion, Turaco Gold Limited will own 80% stake in Afema Project in southeast Cote d’Ivoire. The consideration of $14.2 million with 50% satisfied by a cash payment and 50% by the issue of fully paid ordinary Turaco shares. This amount effectively represents as Acceleration of the currently agreed outstanding milestone payments above of $5.805 million; and $8.395 million payment for an additional 10% interest for a total Turaco interest of 80%. The issue of the Consideration Shares is subject to Turaco receiving any requisite shareholder approvals prior to 14 January 2025. Should Turaco be able to satisfy this condition and issue the Consideration Shares, then the equivalent consideration shall be paid in cash.
Turaco Gold Limited (ASX:TCG) completed the acquisition of an additional 10% stake in Afema Project in southeast Cote d’Ivoire from Sodim Ltd on December 16, 2024. Turaco now holds an 80% interest in the Afema Project following completion of the agreement. Aankondiging • Dec 11
Turaco Gold Limited has completed a Follow-on Equity Offering in the amount of AUD 35 million. Turaco Gold Limited has completed a Follow-on Equity Offering in the amount of AUD 35 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 72,361,910
Price\Range: AUD 0.31
Discount Per Security: AUD 0.0155
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 40,541,316
Price\Range: AUD 0.31
Discount Per Security: AUD 0.0155
Transaction Features: Subsequent Direct Listing New Risk • Nov 11
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 64% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Shareholders have been substantially diluted in the past year (64% increase in shares outstanding). Revenue is less than US$1m. Minor Risk Currently unprofitable and not forecast to become profitable over next 2 years (AU$7.3m net loss in 2 years). Board Change • Sep 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. Independent Non-Executive Director Bruce Mowat was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Aankondiging • May 09
Turaco Gold Limited has completed a Follow-on Equity Offering in the amount of AUD 18 million. Turaco Gold Limited has completed a Follow-on Equity Offering in the amount of AUD 18 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 112,500,000
Price\Range: AUD 0.16
Discount Per Security: AUD 0.008
Transaction Features: Subsequent Direct Listing Aankondiging • May 08
Many Peaks Minerals Limited (ASX:MPK) completed the acquisition of CDI Holdings (Guernsey) Limited from Turaco Gold Limited (ASX:TCG) and Predictive Discovery Limited (ASX:PDI). Many Peaks Minerals Limited (ASX:MPK) entered into binding Share Sale Agreement to acquire CDI Holdings (Guernsey) Limited from Turaco Gold Limited (ASX:TCG) and Predictive Discovery Limited (ASX:PDI) for £0.21 million on March 26, 2024. CDI Holdings is an 89% of Turaco, held with Predictive Discovery Limited (Predictive), holding an 11% free carry ownership in a joint venture with Turaco. The will trigger Turaco’s drag-along right in its joint venture with Predictive, whereby Many Peaks will also acquire Predictive’s remaining 11% interest and consolidate ownership of the joint venture entity CDI Holdings. The Company will issue a total of 5,617,978 fully paid ordinary shares in Many Peaks under the Company’s capacity under ASX listing rule 7.1 to Turaco and Predictive Discovery Limited (ASX:PDI) a interest in CDI Holdings (Guernsey) Ltd with; 5,000,000 shares to be issued to Turaco subject to a 12-month escrow an 89% interest in CDI Holdings and 617,978 shares to be issued to Predictive subject to a 12-month escrow an 11% interest in CDI Holdings. Assignment of a Royalty Deed from Turaco to Many Peaks a net smelter royalty payable to Resolute (Treasury) Pty Ltd. The Royalty Deed grants Resolute a 1% NSR on Many Peaks’ share of future production from permits held in the GIV Joint Venture. The Company will also pay to the Vendor all future proceeds and received the of the Boundiali South Permit pursuant to a binding term sheet between Aurum Resources Limited (ASX:AUE), Turaco, CDI Holdings and Predictive Discovery Cote d’Ivoire SARL. Completion of the Agreement is conditional upon: Turaco providing a drag-along notice to Predictive for the remaining 11% interest in CDI held by Predictive - COMPLETED; Predictive acknowledging the expiry and/or cancellation of the 10,000,000 performance shares held in Turaco; no event, occurrence or matter having a material adverse effect on CDI or the permits held by it; none of Turaco's warranties given under the Agreement becoming untrue, incorrect or misleading; Many Peaks and Turaco obtaining all necessary regulatory approvals or waivers pursuant to the ASX Listing Rules, Corporations Act or any other law to allow the parties to lawfully complete the matters set out in the Agreement; and Many Peaks and Turaco obtaining all third-party approvals and consents necessary to lawfully complete the matters set out in the Agreement.Many Peaks Minerals Limited (ASX:MPK) completed the acquisition of CDI Holdings (Guernsey) Limited from Turaco Gold Limited (ASX:TCG) and Predictive Discovery Limited (ASX:PDI) on May 8, 2024. This announcement has been approved by the board. Aankondiging • Apr 21
Turaco Gold Limited, Annual General Meeting, May 27, 2024 Turaco Gold Limited, Annual General Meeting, May 27, 2024, at 10:00 W. Australia Standard Time. New Risk • Mar 30
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -AU$5.6m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$5.6m free cash flow). Earnings have declined by 48% per year over the past 5 years. Revenue is less than US$1m (AU$48k revenue, or US$31k). Minor Risks Shareholders have been diluted in the past year (37% increase in shares outstanding). Market cap is less than US$100m (AU$102.9m market cap, or US$67.1m). Aankondiging • Mar 26
Many Peaks Minerals Limited (ASX:MPK) entered into binding Share Sale Agreement to acquire CDI Holdings (Guernsey) Limited from Turaco Gold Limited (ASX:TCG) and Predictive Discovery Limited (ASX:PDI) for £0.21 million. Many Peaks Minerals Limited (ASX:MPK) entered into binding Share Sale Agreement to acquire CDI Holdings (Guernsey) Limited from Turaco Gold Limited (ASX:TCG) and Predictive Discovery Limited (ASX:PDI) for £0.21 million on March 26, 2024. CDI Holdings is an 89% of Turaco, held with Predictive Discovery Limited (Predictive), holding an 11% free carry ownership in a joint venture with Turaco. The will trigger Turaco’s drag-along right in its joint venture with Predictive, whereby Many Peaks will also acquire Predictive’s remaining 11% interest and consolidate ownership of the joint venture entity CDI Holdings. The Company will issue a total of 5,617,978 fully paid ordinary shares in Many Peaks under the Company’s capacity under ASX listing rule 7.1 to Turaco and Predictive Discovery Limited (ASX:PDI) a interest in CDI Holdings (Guernsey) Ltd with; 5,000,000 shares to be issued to Turaco subject to a 12-month escrow an 89% interest in CDI Holdings and 617,978 shares to be issued to Predictive subject to a 12-month escrow an 11% interest in CDI Holdings. Assignment of a Royalty Deed from Turaco to Many Peaks a net smelter royalty payable to Resolute (Treasury) Pty Ltd. The Royalty Deed grants Resolute a 1% NSR on Many Peaks’ share of future production from permits held in the GIV Joint Venture. The Company will also pay to the Vendor all future proceeds and received the of the Boundiali South Permit pursuant to a binding term sheet between Aurum Resources Limited (ASX:AUE), Turaco, CDI Holdings and Predictive Discovery Cote d’Ivoire SARL. Completion of the Agreement is conditional upon: Turaco providing a drag-along notice to Predictive for the remaining 11% interest in CDI held by Predictive - COMPLETED; Predictive acknowledging the expiry and/or cancellation of the 10,000,000 performance shares held in Turaco; no event, occurrence or matter having a material adverse effect on CDI or the permits held by it; none of Turaco's warranties given under the Agreement becoming untrue, incorrect or misleading; Many Peaks and Turaco obtaining all necessary regulatory approvals or waivers pursuant to the ASX Listing Rules, Corporations Act or any other law to allow the parties to lawfully complete the matters set out in the Agreement; and Many Peaks and Turaco obtaining all third-party approvals and consents necessary to lawfully complete the matters set out in the Agreement. Aankondiging • Dec 18
Turaco Gold Limited, Annual General Meeting, Jan 22, 2024 Turaco Gold Limited, Annual General Meeting, Jan 22, 2024, at 10:00 W. Australia Standard Time. Location: at Level 1, 50 Ord Street West Perth Western Australia Australia Agenda: To consider and approval to ratify the issues of consideration shares for the afema gold project; to consider and ratification od prior issues of shares; and to consider other matter also. Aankondiging • Nov 29
Turaco Gold Limited has completed a Follow-on Equity Offering in the amount of AUD 6.6 million. Turaco Gold Limited has completed a Follow-on Equity Offering in the amount of AUD 6.6 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 73,333,333
Price\Range: AUD 0.09
Transaction Features: Subsequent Direct Listing Aankondiging • Nov 09
Plusor Global Pty Ltd entered into an agreement to acquire 35% stake in Boundiali North Permit from Turaco Gold Limited (ASX:TCG). Plusor Global Pty Ltd entered into an agreement to acquire 35% stake in Boundiali North Permit from Turaco Gold Limited (ASX:TCG) on November 7, 2023. Consideration payable to Turaco by Plusor will be the completion of 3,500 metres of diamond core drilling at no cost (including consumables) to Turaco within a project nominated by Turaco in Cote d’Ivoire within 12 months (unless extended by Turaco). Based on Turaco’s most recent diamond core drilling program, the value of this drilling to Turaco is estimated to be A$700,000 to A$800,000. Aankondiging • Jan 23
Turaco Gold Limited Announces 13Gt Gold in Satama Auger Confirms 3Km Additional 3Km Strike Turaco Gold Limited announced results from auger drilling at the Satama gold discovery within the eastern permit of the Eburnea Gold Project in central Côte d'Ivoire. Results confirm a 3km gold in saprolite trend subparallel to the main trend where gold mineralisation has been defined over 2km to 150m depth. These auger results demonstrate substantial scale and confirm Satama as being a very large gold system. The auger program has successfully delineated a second mineralised bedrock structure with 3 kms of strike and bottom of hole results of up to 13.59g/t gold in saprolite. The results will be followed up with targeted AC drilling to confirm width, tenor and continuity of gold mineralisation. Confirmation of the second mineralised structure at Satama follows recent results from further RC drilling on the western structure which included 26m @ 4.82g/t gold from 35m, the highest gram metre intersection to date, confirming higher grade plunging shoots exist at Satama. The Eburnea Project covers two granted permits covering 690km2 in central Côte d'Ivoire. The Bouake North permit is positioned on the Oume-Fetekro belt which hosts the 2.5Moz Fetekro gold project approximately 35km to the north and the 2.5Moz Bonikro and 1.0Moz Agbaou gold mines 200km to the south. The Satama permit covers a significant north-east trending shear splaying off the crustal scale Ouango-Fitini shear, which marks the margin of the Birimian Comoé basin. The focus of drilling to date at Satama has been on the `eastern structure' where Turaco has successfully drilled 2kms of mineralised strike from surface to approximately 150 metres depth. Subsequent to the discovery of the mineralised `eastern structure', Turaco undertook a gradient array and dipole-dipole IP survey in the second half of 2022 over an area of approximately 4.5kms by 2.5kms. The IP survey indicated the presence of significant shear structures with coincident resistive and chargeable anomalies extending for over 4kms of strike to the west of the area drilling at Satama. These shear structures had not been tested by any previous exploration drilling and much of it only sampled with wide spaced soil geochemistry. Aankondiging • Jan 11
Turaco Gold Limited Announces Assay Results from Recently Completed RC Drilling At the Satama Gold Discovery Within the Eastern Permit of the Eburnea Gold Project in Central Côte d'Ivoire Turaco Gold Limited announced assay results from recently completed RC drilling at the Satama gold discovery within the eastern permit of the Eburnea Gold Project in central Côte d'Ivoire. The latest results continue to confirm Satama as being a significant, multi-kilometre strike length greenfield gold discovery which is expected to continue to grow. This latest drill program of twelve RC holes undertaken to identify higher grade plunging shoots and down dip extensions to previous drilling. The program has successfully achieved both, with a high- grade plunging shoot defined at the northern area of the drill grid with hole STRC0095 returning 26m @ 4.82g/t gold from 35m, the highest gram metre intersection to date. This zone of high-grade mineralisation remains open in all directions. A 2,050m auger program has also recently been completed testing parallel structures to the west of the existing drill grid where an IP survey highlighted high chargeability and resistive anomalies extending for over 4kms in strike . Results from this program are pending. The Eburnea Project covers two granted permits covering 690km2 in central Côte d'Ivoire. The Bouake North permit is positioned on the Oume-Fetekro belt which hosts the 2.5Moz Fetekro gold project approximately 35km to the north and the 2.5Moz Bonikro and 1.0Moz Agbaou gold mines 200km to the south. The Satama permit covers a significant north-east trending shear splaying off the crustal scale Ouango-Fitini shear, which marks the margin of the Birimian Comoé basin. Aankondiging • Jan 06
Turaco Gold Limited Announces Resignation of Susmit Shah as Joint Company Secretary Turaco Gold Limited announced that Mr. Susmit Shah has stepped down as Joint Company Secretary with effect from 31 December 2022, leaving Mr. Lionel Liew as sole Company Secretary. Board Change • Apr 27
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 4 non-independent directors. Non-Executive Director Bruce Mowat was the last director to join the board, commencing their role in 2021. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Dec 02
Insider recently sold AU$83k worth of stock On the 24th of November, Philip Reese sold around 632k shares on-market at roughly AU$0.13 per share. This was the largest sale by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. 
