Gold: $1963/oz
TSX-V: TRE   -   Last Price: $0.15
ASX: TRE   -   Last Price: $0.17

Investment Highlights

Toubani Resources is a TSX-V listed exploration and development company with a focus on developing a gold platform in West Africa. The Company’s Kobada Gold Project is a construction ready project located in Southern Mali with a recently completed definitive feasibility study.

Experienced management team and independent board
The Company has an experienced Board and management team with a solid African and industry pedigree that spans all facets of the business from exploration and discovery through to finance, development, and operations.
Large landholding
The Company has 258 km² of landholding, consisting of the contiguous Kobada Permit, the Kobada Est Permit and the Faraba Permit.
Significant resource base already established
The Kobada Gold Project holds a multi-million-ounce gold Mineral Resource estimate of 1,711 koz @ 0.86 g/t Au (Measured and Indicated, inclusive of those resources which have been converted to Ore Reserves) plus 1,433 koz @ 1.06 g/t Au (Inferred) and a total Proved and Probable Ore Reserve estimate defined as mined ounces of 1,252.5 koz @ 0.87 g/t.
Considerable exploration upside to be explored
The Company has undertaken regional exploration of the majority of the landholding, identifying multiple anomalies and shear zones that are yet to be explored. The existing Mineral Resource through extensive drilling campaigns has been delineated on a relatively small 5 km portion of more than 55 km of shear zones identified.
Medium-term development potential
The Company has estimated approximately 1.7 million ounces of Measured and Indicated Mineral Resources, which includes an estimated 1.25 million ounces of Proved and Probable Ore Reserves. The proposed drilling programme will target additional Inferred Mineral Resources within the proposed pit shell and additional step-out drilling along known shear zones. The intention is to focus on continuing the growth of Mineral Resources.

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