Toubani Resources Limited Registered Shs (AU:TRE) has released an update.
Toubani Resources Limited has reported a significant boost in their 2024 Mineral Resource Estimate for the Kobada Gold Project in Mali, with a 44% increase in indicated oxide gold ounces and a 10% grade improvement. This positions the project as a major open pit gold development asset in West Africa, with over 80% of previously inferred resources now upgraded to indicated, reflecting a total of 2.0 million ounces at 0.87g/t gold. The company anticipates these enhancements to positively impact the upcoming Definitive Feasibility Study Update, reinforcing Kobada’s potential as a low-cost, bulk-tonnage operation.
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