- Last 2026-11-06
- A$0.72
- 1D
- —
- 1M
- —
- YTD
- —
- 1Y
- —
- Fair value
- Locked: sign in to view
- Upside
- Locked: sign in to view
- Mkt cap
- A$779.5M
- EV
- A$732.1M
- Cash
- A$47.4M
- Debt
- A$0
1 newer ASX announcement not yet reflected in this valuation
- Application for quotation of securities - TCGPost Cash Checkpoint Security Event
Investment view
Rating locked: sign in to viewOur rating, thesis and what the price implies are available to subscribers.
Sign in or enter a guest codeAnnouncements
Latest 12 of 14All sources ▸- Appendix 2A: 1,500,000 performance rights convertedCorporate Action
- Successful A$120M Equity Financing to Consolidate Afema OwnershipFinancing
- Appendix 3B: Placement Tranche 1 and Share Purchase PlanFinancing
- Appendix 3B: Sodim consideration securitiesTransaction
- Appendix 3B: Placement Tranche 2Financing
- September 2026 Quarterly Activities Report and Appendix 5BResults
- Turaco to Consolidate Afema Ownership and Accelerate DevelopmentTransaction
- Appendix 2A: 600,000 performance rights converted (6 October 2026)Corporate Action
- Interim Financial Report for the half year ended 30 June 2026Results
- Non-Executive Director Appointments (Jessica Volich, Brett Gossage)Leadership
- Project Development Director Appointment (Warren King)Leadership
- Afema PFS Confirms Compelling Economics as +200,000ozpa ProducerStudy
Event calendar · next 12 months
10 events| Timing | Event | Category | Confidence | Materiality | Investor relevance |
|---|---|---|---|---|---|
| Coming weeks (company guidance of 27 Oct 2026) | ESIA submission to Cote d'Ivoire authorities | Permitting | Company Guided | High | Critical path to environmental approval, early works and the Mining Convention ratification. |
| December quarter 2026 | Updated Afema MRE with maiden Niamienlessa resource | Resource Or Reserve | Company Guided | High | Resource growth drives the DFS mine plan and the reserve update. |
| 4 November 2026 | Placement Tranche 1 settlement and issue of 161.8M shares | Financing | Confirmed | Medium | Adds about A$97M gross cash and 161.8M shares, funding the acquisition and DFS. |
| 16 November 2026 | Share Purchase Plan closes (issue 19 Nov) | Financing | Confirmed | Medium | Up to A$10M of retail equity at A$0.60 and up to 16.7M shares. |
| Early December 2026 | EGM to approve Sodim consideration securities and Tranche 2 | Corporate Action | Company Guided | High | Approval needed to complete the acquisition of the remaining 20% and issue 38.2M placement shares. |
| 16 December 2026 (issue date) | Completion of the Sodim acquisition and issue of consideration securities | Transaction | Company Guided | High | Moves Turaco from 80% to 100% (90% after the State carry), terminates the Sodim Loan and adds US$30M cash outflow. |
| Before 30 June 2027 (company intention) | Buy-back of the 0.33% Sodim NSR for US$12.5M (before 30 June 2027) | Economic Arrangement | Company Guided | Medium | Removes a royalty at the lowest buy-back price; later windows cost US$17.5M and US$25M. |
| 26 February 2027 | Deadline to submit new feasibility study and ESIA under the Mining Convention extension | Permitting | Confirmed | High | A missed deadline would need a further ministerial extension; DFS is only due in the June quarter. |
| June quarter 2027 | Definitive feasibility study | Study | Company Guided | High | Updates the PFS to definitive level and underpins project debt and the FID. |
| After the DFS (company: FID follows the DFS) | Final investment decision and debt financing | Financing | Inferred | High | Commits about US$441.5M of capital and sets first gold in 2029. |
Executive roster
As of 2026-10-31Background checks ▸Managing Director and CFO/Company Secretary are listed in the June 2026 interim report; Project Development Director from the 21 July 2026 announcement; COO, chief geologist, study manager and exploration manager come from the local management review and are not confirmed in the ASX documents read.
| Executive | Title | Normalized role | Appointed | Sources |
|---|---|---|---|---|
| Justin Tremain | Managing Director | Executive Director · Chief Executive | — | Interim Financial Report for the half year ended 30 June 2026 · Management assessment: TCG |
| Ben Larkin | Chief Financial Officer and Company Secretary | Finance · Company Secretary | — | Interim Financial Report for the half year ended 30 June 2026 · Management assessment: TCG |
| Warren King | Project Development Director | Operations · Senior Management | 2026-07-21 | Project Development Director Appointment (Warren King) · September 2026 Quarterly Activities Report and Appendix 5B |
| Rob Seed | Chief Operating Officer | Operations | — | Management assessment: TCG |
| Elliot Grant | Chief Geologist | Technical | — | Management assessment: TCG |
| Stuart Cruickshanks | Study Manager | Technical | — | Management assessment: TCG · Afema PFS Confirms Compelling Economics as +200,000ozpa Producer |
devCoverage status: Partial
Portfolio detail
Assets
Core asset
Afema Gold Project
CI
PFS completed 17 June 2026; DFS due June quarter 2027; Turaco holds 80% and has an option, subject to shareholder approval, to buy Sodim's 20% for US$30M cash, 55.1M shares, 36.7M options, a 0.33% NSR and resource-growth milestones. The State may take a 10% non-contributing interest.
- Study
- Pre-feasibility study (PFS)
- Post-tax NPV (study prices, attributable)
- US$1.7bd
- NPV restated at our deck (attributable)
- Locked
- IRR
- 79%s
- Initial capex (100%)
- US$409.9ms
- Capital intensity
- US$2,091/(oz/yr)d
- LoM AISC
- A$2,136/ozs
- Mine life
- 10.3 yrss
Project location
Approximate location
© OpenStreetMap contributors. Basemap imagery © Esri (Maxar, Earthstar Geographics). Dated overlays contain modified Copernicus Sentinel data. Visible surface changes do not establish production or completion.
Post-tax, 100% project basis, US$3,500/oz gold, 5% discount rate; the State 10% interest is not deducted.
Resources & reserves4
| Type | Category | Quantity | Grade | Contained minerals | Date |
|---|---|---|---|---|---|
| Mineral Resource | Indicated | 72.2 Mt | 1.2 g/t Au | Gold | 2026-06-17 |
| Mineral Resource | Inferred | 44.5 Mt | 1.3 g/t Au | Gold | 2026-06-17 |
| Mineral Resource | Total Indicated and Inferred | 116.7 Mt | 1.3 g/t Au | Gold | 2026-06-17 |
| Ore Reserve | Probable | 55.1 Mt | 1.1 g/t Au | Gold | 2026-06-17 |
Tenements2
Milestones5
- Updated Afema MRE incl. Niamienlessa maiden resource
Pending · High materiality
- ESIA submission to ANDE and environmental approval
Pending · High materiality
- Definitive feasibility study
Pending · High materiality
- Final investment decision and project financing
Pending · High materiality
- First gold targeted in 2029
Pending · High materiality
Permits & approvals4
| Permit | Jurisdiction | Status | Expiry | Critical path |
|---|---|---|---|---|
| Afema mining permit and Mining Convention (24 Nov 2015, amended 2018) | Cote d'Ivoire | Granted | — | Yes |
| Submission of new feasibility study and ESIA under the 26 Feb 2024 extension letter, and ratification of the Mining Convention | Cote d'Ivoire | Pending | 2027-02-26 | Yes |
| Environmental approval (ESIA to ANDE, then Minister) | Cote d'Ivoire | Required | — | Yes |
| Second mining licence over the tailings facility area (PR0958) | Cote d'Ivoire | Required | — | Yes |
Economic studies1
| Study | Stage | Status | Date | Summary |
|---|---|---|---|---|
| Afema Pre-Feasibility Study | PFS | Current | 2026-06-17 | 6.0Mtpa CIL plus flotation/UFG/CIL plant, 10.3-year life, 2.02Moz recovered (196koz/yr, 215koz/yr first 7 years), capex US$409.9M plus US$31.6M pre-production mining, AISC US$1,508/oz; post-tax NPV5 US$2,102M and IRR 79% at US$3,500/oz (100% basis). |
Other
Tongon North and other Cote d'Ivoire exploration permits
CI
Five exploration permits (Dielle PR857 100%, Nambira PR876 80%, Ouarga PR643, Pongala PR642, Somavogo PR645 at 100%); early-stage and not valued separately.
Project location
Approximate location
© OpenStreetMap contributors. Basemap imagery © Esri (Maxar, Earthstar Geographics). Dated overlays contain modified Copernicus Sentinel data. Visible surface changes do not establish production or completion.
Tenements2
d derivedr our researchg guidances study forecastm daily marketNo marker: as reported— / NM missing or not meaningful (hover for why)
Funding, performance and ownership
Financials & Capital
Liquidity
Financial position
Cash fell from A$68.1M (Dec 2025) to A$47.4M (Sep 2026). Placement Tranche 1 (A$97.1M gross) settles 4 November 2026; the US$3M option fee is already paid and US$30M is due on completion. Pro-forma cash is about A$125M per the company, with no debt and no capex yet committed.
Capital structure
Ownership and dilution
- Ordinary shares
- 1.1B
- Fully diluted
- 1.1B
1,081,083,870 shares after the 6 October 2026 conversion (Appendix 2A) plus 1,500,000 performance rights converted on 29 October 2026 gives 1,082,583,870. Performance rights were 23,522,500 on 6 October 2026, so 22,022,500 remain. Pending and not in the count: Tranche 1 161,833,332 shares (4 Nov 2026), Tranche 2 38,166,668 shares and 55,068,487 Sodim shares (16 Dec 2026, subject to EGM), SPP up to 16,666,666 shares (19 Nov 2026) and 36,712,323 Sodim options at A$1.00/A$1.20.
Security classes3
| Class | Type | Quantity | Strike | Expiry |
|---|---|---|---|---|
| Ordinary fully paid shares on issue | Ordinary Share | 1.1B | — | — |
| Performance rights (TCGAC) at A$0.001 exercise price, vesting on resource, reserve, FID, price and service conditions | Performance Right | 22M | A$0.001 | — |
| Unlisted options exercisable at A$0.225 | Option | 3M | A$0.225 | 2026-12-31 |
Actuals and forecasts
Financial statements
| AUD | Unit | Trend | FY2024AA | FY2025AA |
|---|---|---|---|---|
| Profit and loss | ||||
| Revenue (gold sales, 100% basis) | AUDm | 0.0 | 0.0 | |
| Mine operating costs and royalties | AUDm | 0.0 | 0.0 | |
| Corporate costs (admin and share-based pay, ex depreciation) | AUDm | 5.6 | 7.0 | |
| Exploration, evaluation and DFS expense (net of other income) | AUDm | 11.3 | 25.5 | |
| EBITDA | AUDm | (16.9) | (32.4) | |
| Depreciation and amortisation | AUDm | 0.2 | 0.1 | |
| Net interest expense / (income) | AUDm | (0.5) | (4.9) | |
| Income tax | AUDm | 0.0 | 0.0 | |
| Net profit after tax (consolidated, before non-controlling interests) | AUDm | (16.6) | (27.6) | |
| Cash flow | ||||
| Operating cash flow | AUDm | (10.5) | (29.7) | |
| Sustaining and other capex (FY2026 incl. US$3M option fee) | AUDm | 2.0 | 1.2 | |
| Development capex (Afema, incl. pre-production mining) | AUDm | 0.0 | 0.0 | |
| Total capital expenditure | AUDm | 2.0 | 1.2 | |
| Free cash flow (operating cash flow less capex) | AUDm | (12.5) | (31.0) | |
| Equity raised (net) | AUDm | 50.1 | 60.5 | |
| Project debt drawn | AUDm | 0.0 | 0.0 | |
| Balance sheet | ||||
| Cash and cash equivalents | AUDm | 32.9 | 68.1 | |
| Borrowings | AUDm | 0.0 | 0.0 | |
| Net debt / (net cash) | AUDm | (32.9) | (68.1) | |
| Total equity (before non-controlling interest split) | AUDm | 55.0 | 103.5 | |
| Per share | ||||
| Ordinary shares at year end | m shares | 866.1 | 1,052.8 | |
| Earnings per share (consolidated NPAT) | AUD/share | (0.02) | (0.03) | |
| Dividends per share | AUD/share | 0.00 | 0.00 | |
| Multiples and ratios | ||||
| EV / EBITDA (x, current EV) | x | (46.2) | (24.1) | |
| P / E (x, current market cap) | x | (50.0) | (30.0) | |
| FCF yield (current market cap) | % | -1.5% | -3.7% | |
| EBITDA margin | % | — | — | |
| Net debt / EBITDA (x) | x | 1.9 | 2.1 | |
KPI history
Operating metrics
Operating metric source table5
| Metric | Project | Period | Period type | Value | Status |
|---|---|---|---|---|---|
| Cash and cash equivalents | Afema | Dec 2025 | Point In Time | 68,078,147 AUD | Reported |
| Cash and cash equivalents | Afema | Mar 2026 | Point In Time | 59,913,000 AUD | Reported |
| Cash and cash equivalents | Afema | Jun 2026 | Point In Time | 51,022,524 AUD | Reported |
| Cash and cash equivalents | Afema | Sep 2026 | Point In Time | 47,354,000 AUD | Reported |
| Borrowings (none) | Afema | Sep 2026 | Point In Time | 0 AUD | Source Derived |
Company guidance5
| Metric | Project | Period | Low | High | Status |
|---|---|---|---|---|---|
| Average Annual Gold Production, First 7 Years | afema | Production years 1-7 | 215,000 | 215,000 oz/yr | Current |
| Average Annual Gold Production, Life Of Mine | afema | Life of mine (10.3 years) | 196,000 | 196,000 oz/yr | Current |
| Total Development Capital Including Contingency | afema | Pre-production | 409,900,000 | 409,900,000 USD | Current |
| All In Sustaining Cost | afema | Life of mine | 1,508 | 1,508 USD/oz | Current |
| Definitive Feasibility Study Completion (Quarter) | afema | June quarter 2027 | — | — date | Current |
Capital history
Capital events
| Date | Event | Amount | Shares | Price | Status | Terms |
|---|---|---|---|---|---|---|
| 2026-10-29 | RaisingOrdinary Shares | A$120M | 200M | A$0.6 | Announced | Tranche 1 A$97.1M (161.8M shares, 4 Nov 2026) unconditional; Tranche 2 A$23M (38.2M shares, 16 Dec 2026) needs EGM approval.Max 200M · Period 2026-11-04 to 2026-12-16 · Canaccord Genuity and SCP Resource Finance (joint lead managers) · Holder approval required |
| 2026-10-29 | RaisingOrdinary Shares | A$10M | 16.7M | A$0.6 | Announced | Share Purchase Plan up to A$10M with scale-back at directors discretion; issue 19 Nov 2026.Max 16.7M · Period 2026-11-02 to 2026-11-16 |
| 2026-10-27 | RaisingOrdinary Shares And Unlisted Options | — | 55.1M | — | Announced | Scrip consideration to Sodim for its 20% of Afema: 55.07M shares (12-month escrow) and 36.71M options (22.03M at A$1.00, 14.68M at A$1.20, three years); needs EGM approval.Max 55.1M · Until 2026-12-16 · US$30M of shares at a 15-day VWAP of A$0.775 and AUD:USD 0.7033; plus 36.7M options · Holder approval required |
| 2025-06-24Ann. 2025-06-18 | RaisingOrdinary Shares | A$60M | 136.4M | A$0.44 | Completed | A$60M placement at A$0.44 (second tranche of the November 2023 raising) plus SPP A$4M. |
Contracts and ownership
Material economic arrangements These are deals that can affect sales, costs, funding or ownership. An arrangement marked “Included in valuation” may already be built into a project estimate or the bridge to shareholder value. A separate amount is shown only when one can be estimated; do not add it again.
Arrangements disclosed in the PFS, the 27 October 2026 acquisition announcement and the 2025 annual report. No offtake, stream, hedge or tolling contract exists (pre-production); project financing terms are not yet agreed.
Sliding-scale government royalty assumed at 8% of revenue in the PFS.
Royalty · Active- Counterparties
- State of Cote d'Ivoire
- Applies to
- Afema Gold Project · Gold
- Economic direction
- Burden
- Period
- Dates not stated
- Key terms
- Rate: 8 %
Cost over life of mine: 323.2 USD million
No valuation treatment is available for this arrangement.
SODEMI net smelter return royalty on production from the Afema mining permit.
Royalty · Active- Counterparties
- SODEMI (State mining company)
- Applies to
- Afema Gold Project · Gold
- Economic direction
- Burden
- Period
- Dates not stated
- Key terms
- Rate, first 7 years: 0.9 %
Rate thereafter above US$2,000/oz: 1.92 %
PFS cost: 42.5 USD million
No valuation treatment is available for this arrangement.
The State may take a 10% non-contributing equity interest in the mining company, reducing Turaco's economic share of Afema to 72% now and 90% after the Sodim purchase.
Free Carry · Active- Counterparties
- State of Cote d'Ivoire
- Applies to
- Afema Gold Project · Gold
- Economic direction
- Burden
- Period
- Dates not stated
- Key terms
- Non-contributing interest: 10 %
No valuation treatment is available for this arrangement.
Turaco sole-funds Afema to a decision to mine as a loan repayable from its share of project cash flow; Sodim may convert to a 1.5% NSR. Terminates if the acquisition completes.
Joint Venture · Active- Counterparties
- Sodim Ltd
- Applies to
- Afema Gold Project · Gold
- Economic direction
- Mixed
- Period
- From 2023-11-21; no end date stated
- Key terms
- Sodim interest: 20 %
Sodim Loan: 24 USD million
Discovery Payment: 2.5 USD million
No valuation treatment is available for this arrangement.
Option to acquire Sodim's 20% interest (three-month option, EGM approval needed), forgoing the Sodim Loan and Discovery Payment.
Other · Conditional- Counterparties
- Sodim Ltd
- Applies to
- Afema Gold Project · Gold
- Economic direction
- Mixed
- Period
- 2026-10-27 to 2027-01-27
- Key terms
- Cash consideration: 30 USD million
Shares: 55,068,487 shares
Options: 36,712,323 options
NSR retained by Sodim: 0.33 %
Milestones: 3 USD/oz
No valuation treatment is available for this arrangement.
Intrinsic value
Valuation
Bear, base and bull values, investment cases, project valuations and the equity bridge are available to subscribers.
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Sensitivity lab
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Management background checks
This refresh uses the selected V8.1 roster dated 31 October 2026 and the issuer’s current leadership page. The issuer page also lists Daouda Zombo as Exploration Manager, so he is included as an issuer-reconciled current executive. Since the prior cutoff, Turaco reported further Begnopan drilling, firm commitments for an A$120M placement, and an option to acquire the remaining 20% interest in Afema. The transaction and conditional placement tranche were not complete at the cutoff, and resource growth and DFS remain future work. These releases document company progress but generally do not establish individual contributions. The 2025 retraction of the unsupported Afema production target remains relevant market-communication context; no personal misconduct is established.
Decision-relevant facts
Material summary
Justin Tremain
Managing Director
Turaco retracted non-compliant Afema production target
Turaco retracted an earlier 5–6 Mtpa Afema production target, explaining that it had been aspirational, was not disclosed in accordance with ASX Listing Rule 5.16, and had no established technical feasibility or economic viability. This is a company market-communication correction, not a reported regulator enforcement action. Ben Larkin held the combined CFO and Company Secretary role at the time; Justin Tremain was Managing Director. The reviewed material does not establish individual authorship, intent or personal misconduct.
Role overlaps event; causation unproven · Both executives held senior roles during the correction; Ben Larkin’s combined finance/company-secretarial office and Justin Tremain’s MD office are role overlaps only. No source reviewed attributes authorship or personal fault to either individual.
Turaco announced a conditional Afema consolidation option and A$120M placement
On 27 October 2026, Turaco announced an option to acquire Sodim’s remaining 20% Afema interest, subject to shareholder approval for the consideration securities and exercise of the option. On 29 October, the company reported firm commitments for an A$120M placement at A$0.60 per share: A$97.1M unconditional and A$23M subject to shareholder approval. A share purchase plan for up to A$10M was also announced. The transaction and conditional tranche were not complete at the cutoff. Justin Tremain was Managing Director and was quoted in the financing release, but the sources do not establish his individual role in negotiating or structuring the transaction.
Role overlaps event; causation unproven · Tremain’s MD role and quoted comment are documented; no source establishes personal authorship, negotiation responsibility or individual causation. Shareholder approval and option exercise remained outstanding.
Evidence gaps · 1
- Open-web searches do not constitute an exhaustive criminal, sanctions, litigation, regulator, safety or credential check; sources outside the documented search scope may exist.
Ben Larkin
Chief Financial Officer and Company Secretary
Turaco retracted non-compliant Afema production target
Turaco retracted an earlier 5–6 Mtpa Afema production target, explaining that it had been aspirational, was not disclosed in accordance with ASX Listing Rule 5.16, and had no established technical feasibility or economic viability. This is a company market-communication correction, not a reported regulator enforcement action. Ben Larkin held the combined CFO and Company Secretary role at the time; Justin Tremain was Managing Director. The reviewed material does not establish individual authorship, intent or personal misconduct.
Role overlaps event; causation unproven · Both executives held senior roles during the correction; Ben Larkin’s combined finance/company-secretarial office and Justin Tremain’s MD office are role overlaps only. No source reviewed attributes authorship or personal fault to either individual.
Turaco announced a conditional Afema consolidation option and A$120M placement
On 27 October 2026, Turaco announced an option to acquire Sodim’s remaining 20% Afema interest, subject to shareholder approval for the consideration securities and exercise of the option. On 29 October, the company reported firm commitments for an A$120M placement at A$0.60 per share: A$97.1M unconditional and A$23M subject to shareholder approval. A share purchase plan for up to A$10M was also announced. The transaction and conditional tranche were not complete at the cutoff. Ben Larkin was CFO and Company Secretary; the sources do not identify his individual role in negotiating or structuring the transaction.
Role overlaps event; causation unproven · Larkin’s CFO and Company Secretary roles overlap the company financing and disclosures, but no source connects him personally to the negotiations or establishes individual causation. Shareholder approval and option exercise remained outstanding.
Evidence gaps · 1
- Open-web searches do not constitute an exhaustive criminal, sanctions, litigation, regulator, safety or credential check; sources outside the documented search scope may exist.
Warren King
Project Development Director
No supported material findings selected. See this executive’s report and evidence gaps.
Evidence gaps · 1
- Open-web searches do not constitute an exhaustive criminal, sanctions, litigation, regulator, safety or credential check; sources outside the documented search scope may exist.
Rob Seed
Chief Operating Officer
No supported material findings selected. See this executive’s report and evidence gaps.
Evidence gaps · 1
- Open-web searches do not constitute an exhaustive criminal, sanctions, litigation, regulator, safety or credential check; sources outside the documented search scope may exist.
Elliot Grant
Chief Geologist
Turaco reported Begnopan drilling results supporting a future resource update
The September-quarter report said approximately 13,000m of infill and extension drilling had been completed across 113 Begnopan holes, with results from the first 69. It reported depth and strike extensions and new shallow mineralised zones; the company expected the results to support resource growth, classification upgrades and possible inclusion in a future Ore Reserve. These are company-reported exploration results and expected future updates, not a new Mineral Resource or Ore Reserve. The report does not identify Elliot Grant as responsible for the drilling or results.
Role overlaps event; causation unproven · Grant was listed as Chief Geologist at the cutoff. The report does not connect him personally to the work, assay interpretation or disclosure; role overlap does not establish causal responsibility.
Evidence gaps · 1
- Open-web searches do not constitute an exhaustive criminal, sanctions, litigation, regulator, safety or credential check; sources outside the documented search scope may exist.
Stuart Cruickshanks
Study Manager
No supported material findings selected. See this executive’s report and evidence gaps.
Evidence gaps · 1
- Open-web searches do not constitute an exhaustive criminal, sanctions, litigation, regulator, safety or credential check; sources outside the documented search scope may exist.
Daouda Zombo
Exploration Manager
Turaco reported Begnopan drilling results supporting a future resource update
The September-quarter report said approximately 13,000m of infill and extension drilling had been completed across 113 Begnopan holes, with results from the first 69. It reported depth and strike extensions and new shallow mineralised zones; the company expected the results to support resource growth, classification upgrades and possible inclusion in a future Ore Reserve. These are company-reported exploration results and expected future updates, not a new Mineral Resource or Ore Reserve. The report does not identify Daouda Zombo as responsible for the drilling or results.
Role overlaps event; causation unproven · Zombo was listed as Exploration Manager on the current issuer page at the cutoff. The report does not connect him personally to the work, assay interpretation or disclosure; role overlap does not establish causal responsibility.
Evidence gaps · 1
- Open-web searches do not constitute an exhaustive criminal, sanctions, litigation, regulator, safety or credential check; sources outside the documented search scope may exist.
Company ownership
Investors & shareholders
Top registered shareholders
Register at 2026-03-23 · 1,052,769,267 issued shares
| # | Investor / registered holder | % issued shares | Shares held |
|---|---|---|---|
| 1 | 11.54% | 121,481,199 | |
| 2 | 10.71% | 112,741,209 | |
| 3 | 6.90% | 72,609,056 | |
| 4 | 4.42% | 46,500,000 | |
| 5 | 2.69% | 28,301,746 | |
| 6 | 2.25% | 23,670,251 | |
| 7 | 2.14% | 22,545,454 | |
| 8 | 2.06% | 21,665,598 | |
| 9 | 1.94% | 20,465,000 | |
| 10 | 1.89% | 19,923,000 | |
| 11 | 1.61% | 17,000,000 | |
| 12 | 1.43% | 15,106,000 | |
| 13 | 1.37% | 14,389,194 | |
| 14 | 1.28% | 13,502,851 | |
| 15 | 1.25% | 13,120,018 | |
| 16 | 1.12% | 11,802,391 | |
| 17 | 0.95% | 10,000,000 | |
| 18 | 0.95% | 9,974,200 | |
| 19 | 0.91% | 9,591,052 | |
| 20 | 0.80% | 8,394,056 |
Sources & review notesEvidence checked through 2026-10-09
Coverage and limitations
- No later ranked registered-shareholder table was located in the local ASX cache through 9 October 2026.
- T. Rowe Price ceased to be a substantial holder on 21 May 2026; cessation means it fell below the statutory threshold and does not establish zero ownership. The latest exact remaining quantity was not reconciled into this snapshot.
- A later substantial-holder notice dated 18 May 2026 was identified, but its full present holding was not used as a current quantity in this snapshot.
Sources
- Annual Report 2025, ASX additional information
Turaco Gold Limited / ASX · Published 2026-03-31 · Accessed 2026-10-09
Dated registered-holder table for ordinary shares; 1,052,769,267 ordinary shares on issue.
PDF pp. 68–69 (printed pp. 72–73), 20 largest shareholders and shares on issue as at 23 March 2026
- Ceasing to be a substantial holder
Turaco Gold Limited / ASX · Published 2026-05-21 · Accessed 2026-10-09
Later filing records T. Rowe Price ceasing to be a substantial holder; it does not establish zero shares.
Form 605 and annexures
- Change in substantial holding
Turaco Gold Limited / ASX · Published 2026-05-18 · Accessed 2026-10-09
Subsequent substantial-holder notice relating to T. Rowe Price.
Form 604 and annexures
Disclosed activity
Insider transactions
Trading activity6 buys · 2 sells shownNet cash last 12 months no tradesShow chartHide chart
| Date | Person / account | Activity / security | Quantity | Cash consideration | Price | Holding after |
|---|---|---|---|---|---|---|
| 2026-07-03 | Justin Albert TremainJustin Tremain <J & S Tremain Family A/C>
Details & evidence for Justin Albert Tremain on 2026-07-03As disclosed: 15,000,000 TCGAC performance rights exercised for 15,000,000 ordinary shares; A$15,000 stated consideration.
Justin Tremain <J & S Tremain Family A/C> · trustee and beneficiary of Justin Tremain and Sasha Tremain <J & S Tremain Superfund A/C> · trustee and beneficiary of Baisam Pty Ltd · sole director and shareholder of Replacement Change of Director's Interest Notice ↗ | ExerciseTCG ordinary shares issued on exercise of performance rights | 15,000,000 | AUD 15,000.00 | — | — |
| 2026-07-03 | John Daniel FitzgeraldJohn Fitzgerald <JF and TF Family A/C>
Details & evidence for John Daniel Fitzgerald on 2026-07-03As disclosed: 3,000,000 TCGAC performance rights exercised for 3,000,000 ordinary shares; A$3,000 stated consideration.
John Fitzgerald <JF and TF Family A/C> · trustee and beneficiary of John and Tracy Fitzgerald <JD & TJ Fitzgerald S/F A/C> · trustee and beneficiary of Change of Director's Interest Notice x 2 ↗ | ExerciseTCG ordinary shares issued on exercise of performance rights | 3,000,000 | AUD 3,000.00 | — | — |
| 2025-09-15to 2025-09-19 | Justin Albert TremainJustin Tremain and Sasha Tremain <J & S Tremain Superfund A/C>
Details & evidence for Justin Albert Tremain on 2025-09-15As disclosed: On-market sale 955,555 shares across 15-19 September 2025 at A$0.453/share.
Justin Tremain <J & S Tremain Family A/C> · trustee and beneficiary of Justin Tremain and Sasha Tremain <J & S Tremain Superfund A/C> · trustee and beneficiary of Baisam Pty Ltd · sole director and shareholder of Change of Director Interest ↗ | SaleTCG ordinary shares | 955,555 | AUD 432,866.42 | AUD 0.453Disclosed price | — |
| 2025-09-15to 2025-09-19 | Justin Albert TremainJustin Tremain <J & S Tremain Family A/C>
Details & evidence for Justin Albert Tremain on 2025-09-15As disclosed: On-market sale 1,450,000 shares across 15-19 September 2025 at A$0.453/share.
Justin Tremain <J & S Tremain Family A/C> · trustee and beneficiary of Justin Tremain and Sasha Tremain <J & S Tremain Superfund A/C> · trustee and beneficiary of Baisam Pty Ltd · sole director and shareholder of Change of Director Interest ↗ | SaleTCG ordinary shares | 1,450,000 | AUD 656,850.00 | AUD 0.453Disclosed price | — |
| 2025-05-27 | Alan CampbellAlan Campbell
Details & evidence for Alan Campbell on 2025-05-27Holder attribution is an analyst inference: the Appendix 2A does not name the holder, but the 1,600,000 quantity and TCGAC class exactly match Alan Campbell's remaining vested rights at cessation, and the half-year report confirms that 1,600,000 rights were exercised by a former director during the period. As disclosed: 1,600,000 TCGAC performance rights converted to TCG ordinary shares on 27 May 2025; issue price A$0.001 per share.
Kenepuru Blue Pty Ltd <Lochmara Superannuation Fund> · shareholder/member of Blue Indian Pty Ltd <Campbell Family Trust> · controls Application for quotation of securities - TCG ↗ Application for quotation of securities - TCG ↗ Change of Director's Interest Notice ↗ Final Director's Interest Notice ↗ Half Yearly Report and Accounts ↗ | ExerciseTCG ordinary shares issued on exercise of performance rights | 1,600,000 | AUD 1,600.00 | AUD 0.001Disclosed price | — |
| 2025-05-26 | Justin Albert TremainJustin Tremain <J & S Tremain Family A/C>
Details & evidence for Justin Albert Tremain on 2025-05-26As disclosed: 5,000,000 unquoted performance rights issued in respect of director remuneration, approved by shareholders at AGM on 16 May 2025.
Justin Tremain <J & S Tremain Family A/C> · trustee and beneficiary of Justin Tremain and Sasha Tremain <J & S Tremain Superfund A/C> · trustee and beneficiary of Baisam Pty Ltd · sole director and shareholder of Change of Director's Interest Notices x 4 ↗ | GrantTCGAC unquoted performance rights | 5,000,000 | —Non Cash | — | — |
| 2025-05-26 | John Daniel FitzgeraldJohn Daniel Fitzgerald
Details & evidence for John Daniel Fitzgerald on 2025-05-26As disclosed: 1,000,000 unquoted performance rights issued in respect of director remuneration, approved by shareholders at AGM on 16 May 2025.
John Fitzgerald <JF and TF Family A/C> · trustee and beneficiary of John and Tracy Fitzgerald <JD & TJ Fitzgerald S/F A/C> · trustee and beneficiary of Change of Director's Interest Notices x 4 ↗ | GrantTCGAC unquoted performance rights | 1,000,000 | —Non Cash | — | — |
| 2025-05-26 | Ian KerrCatherine Marriott
Details & evidence for Ian Kerr on 2025-05-26As disclosed: 750,000 unquoted performance rights issued in respect of director remuneration, approved by shareholders at AGM on 16 May 2025.
Catherine Marriott · spouse of Change of Director's Interest Notices x 4 ↗ | GrantTCGAC unquoted performance rights | 750,000 | —Non Cash | — | — |
| 2025-05-26 | Bruce Mowat
Details & evidence for Bruce Mowat on 2025-05-26As disclosed: 750,000 unquoted performance rights issued in respect of director remuneration, approved by shareholders at AGM on 16 May 2025.
Change of Director's Interest Notices x 4 ↗ | GrantTCGAC unquoted performance rights | 750,000 | —Non Cash | — | — |
| 2025-05-16 | Alan CampbellAlan Campbell
Details & evidence for Alan Campbell on 2025-05-16As disclosed: 400,000 unvested performance rights lapsed upon resignation as director.
Kenepuru Blue Pty Ltd <Lochmara Superannuation Fund> · shareholder/member of Blue Indian Pty Ltd <Campbell Family Trust> · controls Change of Director's Interest Notice ↗ | ExpiryUnquoted performance rights | 400,000 | —Non Cash | — | — |
| 2024-12-31to 2025-01-02 | Alan CampbellKenepuru Blue Pty Ltd <Lochmara Superannuation Fund>
Details & evidence for Alan Campbell on 2024-12-31As disclosed: On-market trades on 31 December 2024 and 2 January 2025; 277,780 shares at A$0.2598 per share.
Kenepuru Blue Pty Ltd <Lochmara Superannuation Fund> · shareholder/member of Blue Indian Pty Ltd <Campbell Family Trust> · controls Change of Director's Interest Notice ↗ | PurchaseTCG ordinary shares | 277,780 | —Not Disclosed | AUD 0.2598Disclosed price | — |
| 2024-01-24 | Justin Albert TremainJustin Tremain <J & S Tremain Family A/C>
Details & evidence for Justin Albert Tremain on 2024-01-24As disclosed: 15,000,000 unquoted incentive performance rights allotted after shareholder approval on 22 January 2024.
Justin Tremain <J & S Tremain Family A/C> · trustee and beneficiary of Justin Tremain and Sasha Tremain <J & S Tremain Superfund A/C> · trustee and beneficiary of Baisam Pty Ltd · sole director and shareholder of Change of Director's Interest Notice ↗ | GrantTCGAC incentive performance rights | 15,000,000 | —Non Cash | — | — |
| 2024-01-24 | John Daniel FitzgeraldJohn Fitzgerald <JF and TF Family A/C>
Details & evidence for John Daniel Fitzgerald on 2024-01-24As disclosed: 3,000,000 unquoted incentive performance rights allotted after shareholder approval on 22 January 2024.
John Fitzgerald <JF and TF Family A/C> · trustee and beneficiary of John and Tracy Fitzgerald <JD & TJ Fitzgerald S/F A/C> · trustee and beneficiary of Change of Director's Interest Notice ↗ | GrantTCGAC incentive performance rights | 3,000,000 | —Non Cash | — | — |
| 2024-01-24 | Bruce Mowat
Details & evidence for Bruce Mowat on 2024-01-24As disclosed: 2,000,000 unquoted incentive performance rights allotted after shareholder approval on 22 January 2024.
Change of Director's Interest Notice ↗ | GrantTCGAC incentive performance rights | 2,000,000 | —Non Cash | — | — |
| 2024-01-24 | Alan CampbellAlan Campbell
Details & evidence for Alan Campbell on 2024-01-24As disclosed: 2,000,000 unquoted incentive performance rights allotted after shareholder approval on 22 January 2024.
Kenepuru Blue Pty Ltd <Lochmara Superannuation Fund> · shareholder/member of Blue Indian Pty Ltd <Campbell Family Trust> · controls Change of Director's Interest Notice ↗ | GrantTCGAC incentive performance rights | 2,000,000 | —Non Cash | — | — |
| 2024-01-23 | John Daniel FitzgeraldJohn Fitzgerald <JF and TF Family A/C>
Details & evidence for John Daniel Fitzgerald on 2024-01-23As disclosed: Participated in share placement: 555,556 shares issued at A$0.09/share.
John Fitzgerald <JF and TF Family A/C> · trustee and beneficiary of John and Tracy Fitzgerald <JD & TJ Fitzgerald S/F A/C> · trustee and beneficiary of Change of Director's Interest Notice ↗ | SubscriptionTCG ordinary shares | 555,556 | AUD 50,000.04 | AUD 0.09Disclosed price | — |
| 2024-01-23 | Bruce Mowat
Details & evidence for Bruce Mowat on 2024-01-23As disclosed: Participated in share placement: 111,111 shares issued at A$0.09/share.
Change of Director's Interest Notice ↗ | SubscriptionTCG ordinary shares | 111,111 | AUD 9,999.99 | AUD 0.09Disclosed price | — |
| 2024-01-23 | Alan CampbellKenepuru Blue Pty Ltd <Lochmara Superannuation Fund>
Details & evidence for Alan Campbell on 2024-01-23As disclosed: Participated in share placement: 222,222 shares issued at A$0.09/share.
Kenepuru Blue Pty Ltd <Lochmara Superannuation Fund> · shareholder/member of Blue Indian Pty Ltd <Campbell Family Trust> · controls Change of Director's Interest Notice ↗ | SubscriptionTCG ordinary shares | 222,222 | AUD 19,999.98 | AUD 0.09Disclosed price | — |
| 2023-11-30 | Justin Albert TremainJustin Tremain <J & S Tremain Family A/C>
Details & evidence for Justin Albert Tremain on 2023-11-30As disclosed: Off-market transfer of 1,500,000 shares at A$0.09 per share; recipient not disclosed.
Justin Tremain <J & S Tremain Family A/C> · trustee and beneficiary of Justin Tremain and Sasha Tremain <J & S Tremain Superfund A/C> · trustee and beneficiary of Baisam Pty Ltd · sole director and shareholder of Change of Director's Interest Notice ↗ | Transfer OutTCG ordinary shares | 1,500,000 | AUD 135,000.00 | AUD 0.09Disclosed price | — |
| 2023-11-30 | Justin Albert TremainJustin Tremain <J & S Tremain Family A/C>
Details & evidence for Justin Albert Tremain on 2023-11-30As disclosed: 2,500,000 performance rights lapsed.
Justin Tremain <J & S Tremain Family A/C> · trustee and beneficiary of Justin Tremain and Sasha Tremain <J & S Tremain Superfund A/C> · trustee and beneficiary of Baisam Pty Ltd · sole director and shareholder of Change of Director's Interest Notice ↗ | ExpiryPerformance rights | 2,500,000 | —Non Cash | — | — |
| 2023-11-30 | Justin Albert TremainJustin Tremain <J & S Tremain Family A/C>
Details & evidence for Justin Albert Tremain on 2023-11-30As disclosed: 7,500,000 performance rights exercised, resulting in 7,500,000 ordinary shares; A$7,500 conversion consideration.
Justin Tremain <J & S Tremain Family A/C> · trustee and beneficiary of Justin Tremain and Sasha Tremain <J & S Tremain Superfund A/C> · trustee and beneficiary of Baisam Pty Ltd · sole director and shareholder of Change of Director's Interest Notice ↗ | ExerciseTCG ordinary shares issued on exercise of performance rights | 7,500,000 | AUD 7,500.00 | — | — |
| 2023-11-30 | John Daniel Fitzgerald
Details & evidence for John Daniel Fitzgerald on 2023-11-30As disclosed: 1,000,000 performance rights lapsed.
John Fitzgerald <JF and TF Family A/C> · trustee and beneficiary of John and Tracy Fitzgerald <JD & TJ Fitzgerald S/F A/C> · trustee and beneficiary of Change of Director's Interest Notice ↗ | ExpiryTCGAC performance rights | 1,000,000 | —Non Cash | — | — |
| 2023-11-30 | John Daniel Fitzgerald
Details & evidence for John Daniel Fitzgerald on 2023-11-30As disclosed: 1,000,000 TCGAC performance rights exercised, resulting in 1,000,000 ordinary shares; A$1,000 conversion consideration.
John Fitzgerald <JF and TF Family A/C> · trustee and beneficiary of John and Tracy Fitzgerald <JD & TJ Fitzgerald S/F A/C> · trustee and beneficiary of Change of Director's Interest Notice ↗ | ExerciseTCG ordinary shares issued on exercise of performance rights | 1,000,000 | AUD 1,000.00 | — | — |
| 2023-11-30 | Alan Campbell
Details & evidence for Alan Campbell on 2023-11-30As disclosed: 500,000 performance rights lapsed.
Kenepuru Blue Pty Ltd <Lochmara Superannuation Fund> · shareholder/member of Blue Indian Pty Ltd <Campbell Family Trust> · controls Change of Director's Interest Notice ↗ | ExpiryPerformance rights | 500,000 | —Non Cash | — | — |
| 2023-11-30 | Alan CampbellKenepuru Blue Pty Ltd <Lochmara Superannuation Fund>
Details & evidence for Alan Campbell on 2023-11-30As disclosed: 500,000 performance rights exercised, resulting in 500,000 ordinary shares; A$500 conversion consideration.
Kenepuru Blue Pty Ltd <Lochmara Superannuation Fund> · shareholder/member of Blue Indian Pty Ltd <Campbell Family Trust> · controls Change of Director's Interest Notice ↗ | ExerciseTCG ordinary shares issued on exercise of performance rights | 500,000 | AUD 500.00 | — | — |
| 2023-05-15 | Alan CampbellBlue Indian Pty Ltd <Campbell Family Trust>
Details & evidence for Alan Campbell on 2023-05-15As disclosed: 833,333 unlisted options expired; exercise price/expiry date not stated in this notice.
Kenepuru Blue Pty Ltd <Lochmara Superannuation Fund> · shareholder/member of Blue Indian Pty Ltd <Campbell Family Trust> · controls Change of Director's Interest Notice ↗ | ExpiryUnlisted options | 833,333 | —Non Cash | — | — |
| 2023-05-15 | Alan CampbellBlue Indian Pty Ltd <Campbell Family Trust>
Details & evidence for Alan Campbell on 2023-05-15As disclosed: On-market purchase of 400,000 shares at A$0.05; total A$20,165.
Kenepuru Blue Pty Ltd <Lochmara Superannuation Fund> · shareholder/member of Blue Indian Pty Ltd <Campbell Family Trust> · controls Change of Director's Interest Notice ↗ | PurchaseTCG ordinary shares | 400,000 | AUD 20,165.00 | AUD 0.05Disclosed price | — |
| 2023-05-11 | Justin Albert TremainJustin Tremain <J & S Tremain Family A/C>
Details & evidence for Justin Albert Tremain on 2023-05-11As disclosed: On-market purchase of 400,000 shares for A$21,271.02 (5.3 cents/share).
Justin Tremain <J & S Tremain Family A/C> · trustee and beneficiary of Justin Tremain and Sasha Tremain <J & S Tremain Superfund A/C> · trustee and beneficiary of Baisam Pty Ltd · sole director and shareholder of Change of Director's Interest Notice ↗ | PurchaseTCG ordinary shares | 400,000 | AUD 21,271.02 | AUD 0.053178Calculated average | — |
The closest covered peers
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Sign in or enter a guest codeChronological evidenceSource-document inventory23 documents
Market snapshot for TCG at 2026-10-31Market Data · MediumExtracted
python -m miners.v8db.market_snapshot TCG --cutoff 2026-10-31 --shares 1082583870 --commodities Au: 52-week range A$0.41-0.92; 1m/3m/12m/3y returns -8.4%/+25.4%/+68.1%/+1343%; 20-day average traded value A$1.46M; gold futures US$4,031.40/oz on 29 Oct 2026 vs 1-year average US$4,454, 3-year average US$3,306; AUD per USD 1.4236. Peer database held no published gold peers.
- Document ID
- market_snapshot_20261031
- Published UTC
- 2026-10-31T00:00:00Z
- Projects
- afema
- Commodities
- gold
Insider dealings: TCG directorsGovernance · LowExtracted
Local insider database (python -m miners.insider_transactions show TCG): performance-right exercises by the managing director family trust in July 2026; no on-market director purchases identified in the cutoff window.
- Document ID
- insider_dealings_tcg
- Published UTC
- 2026-10-31T00:00:00Z
- Projects
- afema
- Commodities
- gold
Appendix 2A: 1,500,000 performance rights convertedCorporate Action · LowExtracted
Appendix 2A: 1,500,000 performance rights converted. Read from the page cache; pages and figures cited in the facts.
- Document ID
- app2a_20261029
- Published UTC
- 2026-10-29T08:12:07Z
- Projects
- afema
- Commodities
- gold
Reference price: TCG ASX close 30 October 2026Market Data · HighExtracted
Latest eligible local ASX close from python -m miners.reference_price TCG --valuation-date 2026-10-31 (market data provider via miners.collect_stock_prices): close A$0.765, volume 3,510,299, ordinary share basis, 1 day old.
- Document ID
- reference_price_20261030
- Published UTC
- 2026-10-30T00:00:00Z
- Projects
- afema
- Commodities
- gold
Successful A$120M Equity Financing to Consolidate Afema OwnershipFinancing · HighExtracted
Successful A$120M Equity Financing to Consolidate Afema Ownership. Read from the page cache; pages and figures cited in the facts.
- Document ID
- equity_financing_20261029
- Published UTC
- 2026-10-28T23:02:05Z
- Projects
- afema
- Commodities
- gold
Appendix 3B: Placement Tranche 1 and Share Purchase PlanFinancing · MediumExtracted
Appendix 3B: Placement Tranche 1 and Share Purchase Plan. Read from the page cache; pages and figures cited in the facts.
- Document ID
- app3b_placement_spp_20261029
- Published UTC
- 2026-10-28T23:02:10Z
- Projects
- afema
- Commodities
- gold
Appendix 3B: Sodim consideration securitiesTransaction · MediumExtracted
Appendix 3B: Sodim consideration securities. Read from the page cache; pages and figures cited in the facts.
- Document ID
- app3b_consideration_20261029
- Published UTC
- 2026-10-28T23:02:20Z
- Projects
- afema
- Commodities
- gold
Appendix 3B: Placement Tranche 2Financing · MediumExtracted
Appendix 3B: Placement Tranche 2. Read from the page cache; pages and figures cited in the facts.
- Document ID
- app3b_tranche2_20261029
- Published UTC
- 2026-10-28T23:02:30Z
- Projects
- afema
- Commodities
- gold
September 2026 Quarterly Activities Report and Appendix 5BResults · HighExtracted
September 2026 Quarterly Activities Report and Appendix 5B. Read from the page cache; pages and figures cited in the facts.
- Document ID
- q3_2026_quarterly
- Published UTC
- 2026-10-26T22:45:06Z
- Projects
- afema
- Commodities
- gold
Turaco to Consolidate Afema Ownership and Accelerate DevelopmentTransaction · HighExtracted
Turaco to Consolidate Afema Ownership and Accelerate Development. Read from the page cache; pages and figures cited in the facts.
- Document ID
- consolidation_ann_20261027
- Published UTC
- 2026-10-26T23:29:31Z
- Projects
- afema
- Commodities
- gold
Management assessment: TCGGovernance · LowExtracted
Local management research (management/TCG/summary.md and background-check.json): executive team of seven; one company communication correction (retracted non-compliant 5-6Mtpa production target, May 2025) during Tremain and Larkin tenure, with no individual fault attributed.
- Document ID
- management_summary_tcg
- Published UTC
- 2026-10-09T00:00:00Z
- Projects
- afema
- Commodities
- gold
Appendix 2A: 600,000 performance rights converted (6 October 2026)Corporate Action · LowExtracted
Appendix 2A: 600,000 performance rights converted (6 October 2026). Read from the page cache; pages and figures cited in the facts.
- Document ID
- app2a_20261006
- Published UTC
- 2026-10-06T08:56:21Z
- Projects
- afema
- Commodities
- gold
Interim Financial Report for the half year ended 30 June 2026Results · MediumExtracted
Interim Financial Report for the half year ended 30 June 2026. Read from the page cache; pages and figures cited in the facts.
- Document ID
- half_year_report_2026
- Published UTC
- 2026-09-11T07:54:44Z
- Projects
- afema
- Commodities
- gold
West African Resources targets 500,000 ounces annual gold production (FilingReader)Market Data · LowExtracted
West African Resources (ASX: WAF), 3 September 2026 report: market capitalisation about A$4,461M, cash and bullion A$1,123M at 30 June 2026, Mineral Resources 13.7Moz, Reserves 7Moz, 10-year target averaging 533koz/yr. Producer peer for the multiple cross-check.
- Document ID
- waf_market_20260903
- Published UTC
- 2026-09-03T00:00:00Z
- Projects
- —
- Commodities
- gold
Non-Executive Director Appointments (Jessica Volich, Brett Gossage)Leadership · LowExtracted
Non-Executive Director Appointments (Jessica Volich, Brett Gossage). Read from the page cache; pages and figures cited in the facts.
- Document ID
- ned_appointments_20260731
- Published UTC
- 2026-07-30T22:53:39Z
- Projects
- afema
- Commodities
- gold
Project Development Director Appointment (Warren King)Leadership · MediumExtracted
Project Development Director Appointment (Warren King). Read from the page cache; pages and figures cited in the facts.
- Document ID
- warren_king_appt_20260721
- Published UTC
- 2026-07-20T22:56:28Z
- Projects
- afema
- Commodities
- gold
Wall Street splits on gold as forecasts range from US$4,800 to US$6,000 (investinglive)Commodity Data · LowExtracted
Bank forecasts as at 6 July 2026: Goldman Sachs US$4,900 end-2026, JPMorgan US$6,000 Q4 2026, UBS US$5,200, Morgan Stanley US$5,200, Bank of America US$4,800 Q4 2026; drivers are central bank buying and investor flows. Outside view only, never the valuation anchor.
- Document ID
- gold_bank_forecasts_20260706
- Published UTC
- 2026-07-06T00:00:00Z
- Projects
- afema
- Commodities
- gold
Afema PFS Confirms Compelling Economics as +200,000ozpa ProducerStudy · HighExtracted
Afema PFS Confirms Compelling Economics as +200,000ozpa Producer. Read from the page cache; pages and figures cited in the facts.
- Document ID
- afema_pfs_20260617
- Published UTC
- 2026-06-16T23:00:29Z
- Projects
- afema
- Commodities
- gold
Aurum unveils billion dollar West African gold giant (Business News)Transaction · LowExtracted
Aurum Resources (ASX: AUE) Boundiali PFS, 11 June 2026: 3.22Moz resource (4.4Moz group), 1.21Moz Probable Reserve (42.1Mt at 0.9g/t), US$342M pre-production capital, post-tax NPV US$1.5B at US$4,076/oz (US$553M at US$2,900/oz), 6Mtpa, 11-year life averaging 185koz/yr. Closest Cote d'Ivoire development comparison; market capitalisation not stated.
- Document ID
- aurum_pfs_20260611
- Published UTC
- 2026-06-11T00:00:00Z
- Projects
- —
- Commodities
- gold
March 2026 Quarterly Activities Report and Appendix 5BResults · LowExtracted
March 2026 Quarterly Activities Report and Appendix 5B. Read from the page cache; pages and figures cited in the facts.
- Document ID
- q1_2026_quarterly
- Published UTC
- 2026-04-28T22:44:37Z
- Projects
- afema
- Commodities
- gold
Annual Report 2025 (year ended 31 December 2025)Results · HighExtracted
Annual Report 2025 (year ended 31 December 2025). Read from the page cache; pages and figures cited in the facts.
- Document ID
- annual_report_2025
- Published UTC
- 2026-03-30T22:17:49Z
- Projects
- afema
- Commodities
- gold
Ownership register: TCG top 20 at 23 March 2026Governance · LowExtracted
Local ownership research (ownership/TCG/investors.json) from the Annual Report 2025 register at 23 March 2026: HSBC Custody 11.54%, J P Morgan 10.71%, Citicorp 6.90%, Endeavour Gold Corporation 4.42% (46.5M), Sarig Damari 2.69%. No newer ranked register found; T. Rowe Price ceased to be substantial on 21 May 2026.
- Document ID
- ownership_register_tcg
- Published UTC
- 2026-03-31T00:00:00Z
- Projects
- afema
- Commodities
- gold
ING: Gold bull run to continue in 2026 (Kitco)Commodity Data · LowExtracted
ING forecasts gold to average US$4,325/oz in 2026, citing structural central bank buying, ETF inflows of 222t in Q3 2025 and slow, inelastic mine supply growth. Used as an outside view only.
- Document ID
- ing_gold_outlook_20251211
- Published UTC
- 2025-12-11T00:00:00Z
- Projects
- afema
- Commodities
- gold
Evidence facts61
47354000 AUD
2026-09-30-7044000 AUD
2026-09-303218000 AUD
2026-09-304.65Moz / 1.91Moz oz
2026-06-17Jun-2027 date
2026-10-2756m @ 3.87g/t g/t
2026-10-1330000000 USD
2026-10-2755.1M sh / 36.7M opt securities
2026-10-270.33 %
2026-10-27US$3-5/oz USD/oz
2026-10-27US$79M USD
2026-10-27120000000 AUD
2026-10-2910000000 AUD
2026-10-29125000000 AUD
2026-10-291081083870 shares
2026-10-27161833332 shares
2026-11-0416666666 shares
2026-11-1955068487 shares
2026-12-1638166668 shares
2026-12-161081083870 shares
2026-10-0623522500 rights
2026-10-061500000 shares
2026-10-2951022524 AUD
2026-06-30-18673429 AUD
2026-06-30-17744214 AUD
2026-06-301054823870 shares
2026-06-30-8388383 AUD
2026-06-3068078147 AUD
2025-12-31-23279255 AUD
2025-12-31-29737630 AUD
2025-12-311052769267 shares
2025-12-3145152500 rights
2025-12-314800000 options
2025-12-3164000000 AUD
2025-07-142102000000 USD
2026-06-17441500000 USD
2026-06-172024000 oz
2026-06-171508 USD/oz
2026-06-178 %
2026-06-172345000000 USD
2026-06-1759913000 AUD
2026-03-312026-07-21 date
2026-07-212026-07-31 date
2026-07-310.765 AUD/share
2026-10-303510299 shares
2026-10-304031.4 USD/oz
2026-10-294454.0 USD/oz
2026-10-293306.5 USD/oz
2026-10-291.4236 AUD/USD
2026-10-300.92 AUD/share
2026-10-302025-05-05 date
2025-05-05121481199 shares
2026-03-2346500000 shares
2026-03-232026-07-03 date
2026-07-034325 USD/oz
2025-12-114900 USD/oz
2026-07-064800 USD/oz
2026-07-061500000000 USD
2026-06-11342000000 USD
2026-06-114461000000 AUD
2026-09-0313.7 Moz
2026-09-03