Ivory Coast: Afema Gold Project Confirms Global Potential

The Afema gold mine, located in southeastern Ivory Coast near the Ghanaian border, has confirmed its global economic potential with estimated reserves of 4.65 million ounces of gold, or approximately 132 tonnes, after less than two years of intensive exploration, according to statements from the Australian mining company Turaco Gold and reports from industry sources including Ecofin and Agence Ecofin.

The Afema project includes several mineralized zones, including Herman, Woulo Woulo, Anuiri, and Asupiri. The estimates were conducted according to the international standards of the Joint Ore Reserves Committee (JORC), ensuring the reliability of independent resource evaluations.

Turaco Gold stated that these results support the economic interest of the site and the further development of the project. A prefeasibility study is currently underway to provide detailed economic indicators, such as potential annual production, operating costs, and profitability. The study is expected to be completed in the second quarter of 2026.

The company is also continuing exploration to increase the identified resources and advance to the next stages, including a definitive feasibility study, obtaining mining permits, and securing financing for construction.

Analysts say the Afema project could become one of the largest gold sites in Ivory Coast, strengthening the country’s position in the global gold market.

In summary, after less than two years of intensive exploration, Afema presents a promising gold project with confirmed reserves of 4.65 million ounces, highlighting both the mining potential of Ivory Coast and international investor interest.