Boundiali Gold Project
(refer to ASX announcement dated 21 May 2021)
The Boundiali Gold Project covers two contiguous granted exploration permits covering 572km2. The southern exploration permit is held 89% by Turaco in joint venture with Predictive Discovery Limited (ASX:PDI) (Turaco-Predictive JV) and is the focus of exploration work and includes the ‘Nyangboue’ gold discovery, Turaco’s primary focus for the Boundiali Gold Project. The adjoining northern exploration permit is registered in the name of a joint venture company with a 35% shareholding held by the Turaco-Predictive JV and the remaining 65% shareholding held by a local joint venture partner.