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Minggu, 05 Februari 2023

ASX:TRE - Activities Update / Investor Presentation

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ACTIVITIES UPDATE

Toubani Resources, Inc (ASX: TRE; TSX-V: TRE) ("Toubani Resources" or the "Company") is pleased to provide an update on the Company's activities for the period ending 31 December 2022.

Highlights:
  • Successful listing on the ASX, including a capital raising of A$6,000,000
  • Appointed drilling contractor to undertake a targeted 10,750m exploration campaign at Kobada
  • Appointment of Mr Phil Russo as Chief Executive Officer and Executive Director
  • Strengthened its technical team with the appointments of Mr Bill Oliver and Mr Kerry Griffin to lead exploration and resource development activities

Chief Executive Officer, Phil Russo commented: "We have moved quickly since our ASX listing to strengthen our management team with two key technical appointments to drive our exploration and development activities, and support our in-country team. There is significant potential at Kobada and through a concerted effort on the ground to test several identified target areas previously underexplored, as well as a combined endeavour to aggressively grow the market profile of Toubani, success on multiple fronts is the objective."
 
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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 robust 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, Gosso 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 JANUARY 2023
Toubani Resources announces appointments of Bill Oliver and Kerry Griffin to its technical management team
MINING REVIEW - 12 JANUARY 2023
Toubani strengthens exploration & resource team with key appointments
MARKET HERALD - 2 DECEMBER 2022
Toubani Resources (ASX:TRE) appoints contractor for drilling at Kobada, Mali
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Our mailing address is:
info@toubaniresources.com

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