ASX:TRE - Toubani Resources Appoints Mr Phil Russo As Chief Executive Officer

View this email in your browser TOUBANI RESOURCES APPOINTS MR PHIL RUSSO AS CHIEF EXECUTIVE OFFICER   Mr Phil Russo to commence as Chief Executive Officer and Executive Director from 9th January 2023 Mr Danny Callow to move to Executive Chairman till mid-2023, then transitioning to NonExecutive Chairman Current Chairman Mr Jan-Erik Back to become Non-Executive Director Toubani's Board of Directors will consist of three Australian-domiciled and two internationally-based Directors Toubani Resources, Inc. (ASX: TRE; TSX-V: TRE) ("Toubani Resources" or the "Company") is pleased to announce that Mr Phil Russo has agreed to join the Company as Chief Executive Officer and Executive Director, commencing 9th January 2023. Toubani Resource's Executive Chairman, Mr. Danny Callow, commented: "I am very pleased to announce the appointment of Mr Phil Russo as the new Chief Executive Officer of Toubani Resources. With Phil's integral knowledge of capital markets and strong relationships in the industry, I am confident that under his direction we will see a very positive movement in the value of the Company, underpinned by the significant technical work already completed at the Kobada gold project. I believe that with Phil's experience, coupled with my knowledge of the project, local country relationships, and strong team on the ground, we are well positioned for growth. We believe that there is substantial upside in growing the size of the resource at our flagship Kobada project and Phil is well positioned to steer this Company to the next level." Toubani Resource's Chief Executive Officer, Mr. Phil Russo, commented: "Feasibility-level projects with the Mineral Resource and Ore Reserve estimates of the Kobada project are rare in the gold sector. Even rarer for projects of this size and scale are those with the potential for significant resource growth. Kobada's potential for expansion outside the current Mineral Resource, as well as for new regional discoveries, is very clear. Combined with Toubani's current compelling valuation versus its peers, the key drivers are there to unlock substantial value over time as we position to systematically drill Kobada towards growth and ultimately, further optimization of the Kobada feasibility study ahead of a future development decision. I look forward to working with the Toubani Board and management team to deliver on our objectives of advancing Kobada towards production and rewarding all our stakeholders in the process."   Read Full Announcement Phil Russo - Incoming Chief Executive Officer 📢 Click image above to listen 📢 Click image above to listen 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 - 12 DECEMBER 2022 Toubani Resources commences first drill program at Kobada since ASX listing MARKET HERALD - 2 DECEMBER 2022 Toubani Resources (ASX:TRE) appoints contractor for drilling at Kobada, Mali 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.