• Turaco Gold eyes first resource estimate at Begnopan, Afema’s fifth deposit, by end-2025.

• Current resources stand at 3.55m oz; Begnopan will be included in Afema’s prefeasibility study.

• Exploration continues, backed by $39m financing announced in June.

Turaco Gold is moving toward confirming a fifth gold deposit at its Afema project in Côte d’Ivoire by the end of 2025. In an update released Wednesday, September 3, the company said recent drilling results from the Begnopan prospect support its potential to become a new resource.

Begnopan lies between the Jonction and Anuiri deposits, which together with Woulo Woulo and Asupiri form Afema’s four existing deposits. Sixteen reverse circulation (RC) drill holes have recently been completed at Begnopan. Turaco called the results positive, reinforcing its view that the site could become “an additional significant deposit” for the project, which currently holds 3.55 million ounces of mineral resources.

Once confirmed, Begnopan is expected to strengthen Afema’s geological potential. The company plans to include the deposit in the ongoing prefeasibility study, with results due in the first half of 2026. That study, a precursor to a full feasibility assessment, will outline the project’s initial economic parameters, including investment needs and production targets.

In the meantime, Turaco will continue exploration across Afema, with further drilling at Begnopan already planned. The company secured about $39 million in June to support these efforts.