ASX:TRE - Discovery at Kobada Unlocks Newly Identified Structure

View this email in your browser DISCOVERY AT KOBADA UNLOCKS NEWLY IDENTIFIED STRUCTURE Toubani Resources, Inc (ASX: TRE) ("Toubani Resources" or the "Company") is pleased to announce the Kobada West discovery, a never-before drilled target less than 1km from the Kobada Main deposit in southern Mali. The Kobada project hosts 3.1Moz in Mineral Resources which occurs over a 4.5km strike length and is predominantly oxide and open pittable. Highlights First ever drill holes at Kobada West have delineated continuous, near surface oxide gold mineralisation with consistent grades and thicknesses section-to-section Kobada West is interpreted to lie on a parallel structure less than 1km west of the Kobada Main deposit, yet no previous drilling had been undertaken and is outside of the current Mineral Resource Recent drilling has identified shallow, oxide mineralisation on every section drilled to date over the current strike length of 600 metres which remains open along strike and at depth Significant intersections include: 9m at 1.72g/t incl. 2m at 6.26g/t 1m at 11.3g/t and 5m at 1.26g/t 5m at 1.24g/t and 3m at 0.93g/t 11m at 0.55g/t, 2m at 2.66g/t and 3m at 1.12g/t Kobada West results confirm gold mineralisation has been intersected at all of the five planned extensional targets drilled by Toubani in 2023, extending overall strike extent of mineralisation defined by drilling at the project from 5km to 11km Drilling results affirm Toubani's overall strategy of an oxide-dominant project of scale at Kobada with optimisation work streams underway Chief Executive Officer, Phil Russo commented: "The consistency and continuity of mineralisation at Kobada West is very pleasing to see and is validation that the more we drill at Kobada, the more mineralisation is uncovered. Further, to discover this extensive mineralisation right next door to the main Kobada resource is a fantastic result. For a project of scale and maturity like Kobada to still be able to make new discoveries is such a rare combination and with our 2023 drill program now intersecting new mineralisation across all planned targets, we have had an exceptional success rate. Toubani's vision of defining a long-life, oxide-dominant project of scale is supported by our drilling success to date and we look forward to demonstrating this potential as our optimisation efforts advance in the coming months."   Read Full Announcement Plan showing location of Kobada West within the Kobada Gold Project TOUBANI FEATURED ON THE MARKET HERALD'S BOARDROOM Watch Video TOUBANI FEATURED IN THE MARKET HERALD'S THEMATICA REPORT  Read Article THE MINING PODCAST Listen to Podcast CORPORATE SNAPSHOT Company Name: Toubani Resources ASX: TRE About Toubani Resources Inc  Toubani Resources (ASX: 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 MARKET HERALD - 15 MAY 2023 Toubani Resources (ASX:TRE) appoints two senior mining executives to the board of directors MINING REVIEW - 15 MAY 2023 Toubani Resources rearranges board of directors PROACTIVE - 14 MAY 2023 Toubani Resources taps senior mining executives Scott Perry and Mark Strizek for board 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.