Turaco Gold raises A$18M to accelerate exploration activities at its Afema Project located in Cote D’Ivoire.

Argonaut acted as Lead Manager to the Placement of Turaco Gold Limited (ASX: TCG).

Proceeds from the Placement will be used to accelerate drilling at the Afema Project in south-east Cote d’Ivoire with the aim to expedite a maiden JORC Mineral Resource Estimate and then to continue to grow it.

The Placement was strongly supported by a number of new Australian and European institutional investors as well as existing shareholders.

Argonaut is delighted to support Turaco Gold and looks forward to the Company’s ongoing success.

Additional information regarding Turaco Gold can be found on the Company’s website at https://turacogold.com.au/