🖥️ ASX:TRE - Toubani Resources Commences Drill Program

View this email in your browser TOUBANI RESOURCES COMMENCES DRILL PROGRAM Highlights Drill rig mobilized quickly to site to begin dry season drill campaign The 2022/2023 exploration drilling programme is focusing on targeting highly prospective areas, specifically around strike extension Toubani Resources, Inc. (ASX: TRE; TSX-V: TRE) ("Toubani Resources" or the "Company") is pleased to announce that a 10,750 meter drill program has commenced at the Company`s flagship Kobada Gold Project in southern Mali. The 2022/2023 drilling campaign is designed to focus on targeting highly prospective strike extension from the existing resource base. Toubani Resource's President and CEO, Mr. Danny Callow, commented: "We are pleased to see the drills turning back at Kobada following a very well supported ASX listing. We believe that near term value is in the drill-bit with more than 50km of identified shear zones yet to be tested. The drill campaign will focus on the highly prospective areas around the existing resource shell, specifically looking at extending the mineralised strike length to determine upside to the resource. We will be focusing our campaign on stepping out from known mineralisation, as well as following up areas that have shown potential through our regional exploration results. These are exciting times for Toubani and we look forwards to testing the upside potential through this exploration programme. We have spent the past three years focusing on defining and upgrading the quality of the resource and are pleased to have a total resource of 3.1 million ounces already defined, of which 1.7 million ounces is in the Measured and Indicated category. Our previous success with the drill bit (growing resources by more than 40% since late 2019) gives us confidence that there are a lot more ounces to define on this property. We look forwards to updating the market with ongoing results of this campaign in due course"   Read Full Announcement 2022/2023 Drilling Programme and Targets 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 MARKET HERALD - 2 DECEMBER 2022 Toubani Resources (ASX:TRE) appoints contractor for drilling at Kobada, Mali PROACTIVE - 2 DECEMBER 2022 Toubani Resources hires contractor ETASI to kick off upcoming drill program at flagship Mali project 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.