They are still in the exploration stage, having only recently declared a MRE ( of 2.5 million ounces) . Still actively drilling as per this announcement and building up their MR , hopefully to 4 or more million ounces in the next year or too.
Mining not likely for at least a few years, much permitting and PFS and FS to be done, and licensing. Early days.
im sure a takeover offer would be welcome if the price is right, hence drill, drill , drill to expand the resource and get a better price. Their exploration success is impressive, they seem to report good hits regularly, so expect increased MRE every 6 months or so.
as to milling, only a very small amount of metallurgical testwork has been done thus far .
Like most West African deposits, I expect the ore to be amenable to cyanide leaching at reasonable recovery. A standard CIL plant should do the job. Much more work required to confirm this though.
once they get a MRE above 4 million ounces, they will attract the attention of the majors and mid-tiers , but more upside is likely in 2025, and beyond.
i think more likely to be taken over before they build a mine.
M and A much cheaper for majors than finding a deposit from scratch.
Lots more blue sky for TCG ahead, though not currently reflected in the share price.
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TCG
turaco gold limited
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Ann: Afema Drilling Continues to Deliver Gold Mineralisation, page-4
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Last
46.0¢ |
Change
-0.005(1.08%) |
Mkt cap ! $483.2M |
Open | High | Low | Value | Volume |
46.0¢ | 47.0¢ | 45.0¢ | $886.6K | 1.937M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 60067 | 45.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
46.5¢ | 6000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 60067 | 0.450 |
4 | 132714 | 0.445 |
8 | 205758 | 0.440 |
4 | 89400 | 0.435 |
4 | 81356 | 0.430 |
Price($) | Vol. | No. |
---|---|---|
0.465 | 6000 | 1 |
0.470 | 62102 | 1 |
0.475 | 58634 | 2 |
0.480 | 78687 | 3 |
0.485 | 45000 | 1 |
Last trade - 16.10pm 28/07/2025 (20 minute delay) ? |
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