Turaco Gold (ASX:TCG) said the mineral resource estimate for its Afema project in Côte d'Ivoire has increased to 4.65 million ounces of gold, adding 590,000 ounces since October 2025 for a roughly 15% rise, according to a Wednesday filing with the Australian bourse.

The growth came alongside a 23% increase in indicated resources, which "significantly" improves resource confidence and supports the pre-feasibility study for the project, the company said.

The mineral resource estimate comprises several deposits located within a roughly 10-kilometer project radius, including the 1.7 million-ounce Woulo Woulo deposit and the 1.32 million-ounce Asupiri deposit, per the filing.

"Importantly, all deposits within the Afema project remain open, highlighting strong potential for continued resource growth," Turaco Gold said.

The company's shares gained 3% in recent Wednesday trade.