Corporate Storytime Case Study
Turaco Gold
Turaco Gold (ASX: TCG)
Company description: Turaco is an ASX listed gold exploration company with assets in the West African nation of Cote D’Ivoire. The company’s flagship asset is the Afema Gold Project which hosts a resource of 2.5M oz of gold (as of August 2024). Turaco’s exploration team is undertaking work to expand this resource.
View Turaco Gold Website
Investor Relations & Strategic Advice
Our team is committed to making a positive impact for our clients and their investors.
Corporate Storytime supported Turaco Gold through the following initiatives:
Communication
Assist with the construction, editing and distribution of company announcements, associated media coverage and investor presentations. Corporate Storytime utilises bulk email and social media platforms to effectively promote Turaco’s latest news and updates.
Events & Meetings
Arrange and host face-to-face meetings for Turaco management with investors and brokers including roadshow, conference, webinar and presentation events. In addition, Corporate Storytime advisors engage directly with market participants and investment professionals through one-on-one communication to share and promote the Turaco story.
Bespoke Design
Creation of bespoke graphic design and digital content customised specifically for key events, ongoing news flow, and strategic communications.
Strategic Advice
Corporate Storytime acts as a “sounding board” for management in relation to strategic decision making, utilising deep equity market and resources industry experience.
Turaco Corporate Snapshot
At time of Corporate Storytime IR Engagement (July 2021)
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Share Price: 10c
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Market Cap: ~$27m
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Gold Resources: nil
As at 7th November 2024
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Share Price: 30c (up 200%)
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Market Cap: $270m (up 900%)
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Gold Resources: 2.5M oz Au
2.5M oz Au
Gold Resources
Engagement Timeline
The Partnership Journey of Turaco Gold and Corporate Storytime
JUL
2021
Corporate Storytime (CS) IR engagement commences with Manas Resources
(Share price circa 10c/sh; market cap ~$27m)
JUL
2021
Completion of name change to Turaco Gold
AUG
2021
Completion of acquisitions of initial Cote D’Ivoire Birimian gold exploration assets
NOV
2021
Placement raises $10m (priced at 12c/sh)
2022- 2023
Turaco applies funds to explore Cote D’Ivoire gold assets whilst negotiating to acquire Afema Gold Project. CS assists with ongoing IR support & market communications.
NOV
2023
Turaco announces intention to acquire majority interest in Afema Gold Project in Cote D’Ivoire. Turaco raises $6.6m in placement at 9c/sh
APR 2024
Afema acquisition completes and drilling commences
MAY 2024
Turaco raises $18m via placement at 16c/sh to fund ongoing exploration and metallurgical testing Argonaut all initiate research coverage with upbeat valuations and recommendations
AUG
2024
Turaco delivers 2.5m oz Au maiden MRE for Afema
SEPT 2024
Euroz Hartley, Canaccord and Argonaut all initiate research coverage with upbeat valuations and recommendations
OCT 2024
Turaco raises $35m at 31c/sh to fund rapid resource growth drilling at Afema. Updated MRE due 2025. TCG Market cap ~$260m with $50m cash + zero debt
Turaco Gold Share Price
I've found Corporate Storytime to be an excellent resource for Turaco's market communications. Knowing that our Investor Relations function is being handled by a innovative team with equity market expertise allows the Turaco executive team to concentrate on building value through our core business - mineral exploration
Justin Tremain
Managing Director
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