ASX BRIEFS

TOUBANI RESOURCES LTD (TRE) - Advancing the Kobada Gold Project in Southern Mali

13 Aug 2025

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Send us a textPhil Russo, Managing Director of Toubani Resources, returns to ASX Briefs to share the remarkable progress of the company's flagship Kobada Gold Project in Southern Mali. At the heart of this exciting development is a 2.2 million ounce resource with game-changing characteristics that set it apart from typical gold projects.What makes Kobada truly special is its oxide-dominated profile – "free-dig, free-milling soft rock ore" that permeates every aspect of the project. This distinctive feature dramatically impacts the technical approach, economic projections, and capital requirements, creating what Russo describes as a project that can produce 162,000 ounces annually for nearly a decade at exceptionally competitive costs.The company is advancing at full speed toward a final investment decision later this year, with multiple workstreams running concurrently. Two drilling rigs are actively exploring fresh and oxide rock to expand the resource, while permitting and government negotiations progress steadily. The project's exploration upside is substantial – with only 11 kilometres of their 50-kilometre shear zone drilled to date, and current drilling averaging just 130 metres deep across a 5-kilometre strike length. As Russo notes, "the more you drill, the more gold you find here."Financially, Toubani has significantly strengthened its position, securing a $29 million placement that includes strategic investment from A2MP Investments, plus a non-binding debt commitment letter for at least US$160 million. This robust financial backing, combined with the project's favourable economics, puts Toubani "in control of our own destiny" according to Russo.Subscribe to ASX Briefs for continuing coverage of this developing story and more conversations with leaders of ASX-listed companies.

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13:00H | 21 DIC 2025 | Fin de Semana

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10:00H | 21 DIC 2025 | Fin de Semana

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12:00H | 20 DIC 2025 | Fin de Semana

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2ª PARTE | 06 ENE 2026 | EL PARTIDAZO DE COPE

01 Jan 1970

El Partidazo de COPE

3ª PARTE | 22 ENE 2026 | EL PARTIDAZO DE COPE

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El Partidazo de COPE

3ª PARTE | 04 MAR 2026 | EL PARTIDAZO DE COPE

01 Jan 1970

El Partidazo de COPE

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ASX BRIEFS

TOUBANI RESOURCES LTD (TRE) - Advancing the Kobada Gold Project in Southern Mali

This episode hasn't been transcribed yet

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13:00H | 21 DIC 2025 | Fin de Semana

10:00H | 21 DIC 2025 | Fin de Semana

12:00H | 20 DIC 2025 | Fin de Semana

2ª PARTE | 06 ENE 2026 | EL PARTIDAZO DE COPE

3ª PARTE | 22 ENE 2026 | EL PARTIDAZO DE COPE

3ª PARTE | 04 MAR 2026 | EL PARTIDAZO DE COPE

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