🖥️ ASX:TRE - Drilling Contractor Appointed With Program To Commence Imminently

View this email in your browser DRILLING CONTRACTOR APPOINTED WITH PROGRAM TO COMMENCE IMMINENTLY Highlights Drilling contractor, Etasi & Co Drilling has been appointed to commence exploration drilling programme at the flagship Kobada Project in Mali. Reverse circulation drilling program to commence imminently testing five key areas. The 2022/2023 exploration drilling programme is focused on building on the baseline of total mineral resource estimate, inclusive of inferred, of 3.1 million ounces at the Kobada Project through testing extension of strike along known and interpreted mineralized shear zones. Toubani Resources, Inc. (ASX: TRE; TSX-V:TRE) ("Toubani Resources" or the "Company") is pleased to announce that following the Company's successful listing on the Australian Securities Exchange ("ASX"), and in line with its strategy of focusing funds raised on exploration on its flagship Kobada Project, Etasi & Co Drilling SARL ("ETASI"), has been awarded the contract to perform the upcoming exploration drilling campaign ("Contract"). Toubani Resource's President and CEO, Mr. Danny Callow, commented: "Following on from our successful ASX listing, we have moved quickly to appoint a professional Mali-based drilling contractor to undertake an extensive drill programme on our Kobada Project site. The appointment of ETASI follows on from our commitment to focus on determining the highly prospective upside on our concessions, and building on our baseline of total mineral resource estimate of 3.1 million ounces." "We have spent three years drilling and understanding the structural geology in the region and on our three contiguous concessions and this appointment will start to test these highly prospective shear zone areas identified as a result of this. We are looking forward to this next stage in the Company's future and updating the market with results of this campaign."   Read Full Announcement CORPORATE SNAPSHOT Company Name: Toubani Resources ASX: TRE About Toubani Resources Inc  Toubani Resources (ASX: TRE; TSX-V: TRE) is an exploration and development company with a focus on expanding its existing total resource base of 3.1 million ounces. The Company has a highly experienced board and management team with a proven track record in the African mining sector operating mines from development through to production. Toubani Resource's principal asset is the Kobada Project in southern Mali, which is in an advanced stage of development having completed a Definitive Feasibility Study in September 2021 showing compelling economics for a 100,000oz per annum production profile over 10 years. The company believes the flagship project to be largely de-risked based upon the results of the study, and further exploration will build on the substantial baseline of 3.1 million ounces total resource, and 1.2 million ounces of reserves. As well as the initial Kobada Gold Project mining concession, other highly prospective exploration locations have been identified on the Kobada, Faraba and Kobada Est concessions based upon systematic regional exploration techniques. These additional exploration areas are part of the targeted drilling campaign as outlined above, with a view to increase strike length and grow resource ounces. For more information regarding Toubani Resources visit our website at www.toubaniresources.com.   TOUBANI FEATURED IN THE PRESS PROACTIVE - 28 NOVEMBER 2022 Toubani Resources sees shares put in a healthy performance as trading commences on Australian Securities Exchange View Toubani Press Releases Our mailing address is: info@toubaniresources.com Want to change how you receive these emails? You can update your preferences or unsubscribe from this list.