ASX: TRE
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Toubani Resources (ASX:TRE) is an exploration and development Company focused on advancing Africa’s next gold development project with its oxide-dominant Kobada Gold Project. The Company has a highly experienced Board and management team with a proven African track record in advancing projects through exploration, development and into production.
Kobada is an advanced stage near-surface gold project that has a global resource base of 2.2Moz of predominantly free dig, oxide gold. The project is located in Mali, Africa’s 3rd largest gold producing nation, 126 km south of its capital, Bamako. With a defined oxide-dominant strategy, Toubani has commenced an update of the 2021 Definitive Feasibility Study to define the potential of a reduced technical risk approach to Kobada as a larger production, lower cost development project.
“We believe Kobada has all the attributes to distinguish itself from its other West African development peers, being free milling ore, a large oxide resource with attractive fresh rock optionality, while also permitted. We remain focused on continuing to derisk Kobada as it advances rapidly along the development path and positions itself as a project of significance in West Africa, and look forward to completing the update to the DFS where we aim to demonstrate the robustness that an optimised Kobada Project could deliver.”
