Santa Fe Minerals Rockets on ASX 200 Amid Project Deal With Turaco Gold

July 04, 2025 02:14 PM AEST | By Team Kalkine Media

Santa Fe Minerals Rockets on ASX 200 Amid Project Deal With Turaco Gold — Image source: Shutterstock

Santa Fe Minerals Soars Following Turaco Gold Project Deal

Santa Fe Minerals disclosed its intention to acquire Turaco Gold’s (ASX:TCG) interest in the Eburnea Gold Project located in Côte d’Ivoire. The transaction includes issuing shares and performance rights tied to project milestones. Alongside the project acquisition, Santa Fe plans a minimum capital raise to support ongoing exploration and operational objectives.

Although Santa Fe’s primary focus remains on gold and base metals within Western Australia, the acquisition introduces new exploration permits in West Africa, including the Satama permit and the Bouake North application. The development marks a geographic expansion that could shift the company’s strategic positioning across multiple resource zones.

Oakajee Draws Momentum Without Formal Catalyst

Oakajee Corporation experienced a notable uptick, though the company did not release any new announcements. Oakajee is advancing the Paynes Find Gold Project, which spans a substantial portion of the Paynes Find Greenstone Belt in Western Australia. The belt has previously delivered noteworthy gold production, aligning Oakajee with established exploration zones.

With no market disclosure to accompany the share movement, trading appears driven by speculative interest or positioning around future project developments. The stock’s momentum placed it among the top performers by close of trade.

Argosy Minerals Gains on Broader Lithium Sentiment

Argosy Minerals also surged in trading without releasing specific updates. The company maintains a diversified portfolio of lithium projects, including the Rincon Lithium Project in Argentina and the Tonopah Lithium Project in Nevada. Both projects are aligned with global supply chains in battery technology and decarbonisation sectors.

Recent sentiment around critical minerals and energy transition themes may have contributed to renewed attention on Argosy. The lithium segment continues to draw speculative activity as countries and corporates increase emphasis on battery-grade resources and infrastructure.

Small-Cap Miners Highlight Volatility Across ASX

While the broader All Ordinaries index showed relative stability during the session, junior mining stocks showcased significant intraday price changes. Companies with exploration interests in gold and lithium remained focal points, especially where announcements or regional developments align with broader themes in the resource market.

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