ASX:TRE - Large-Scale Gold Mineralised Shear Zones Confirmed at Kobada

View this email in your browser LARGE-SCALE GOLD MINERALISED SHEAR ZONES CONFIRMED AT KOBADA WITH COMPLETION OF PHASE 1 2023 DRILLING Toubani Resources, Inc (ASX: TRE) ("Toubani Resources" or the "Company") is pleased to provide a summary of its Phase 1 exploration program in 2023 proximal to its Kobada gold deposit ("Kobada", "Project") in southern Mali, following receipt of final assays. The Kobada Project hosts 3.1 Moz1 in Mineral Resources which occurs over a 4.5km strike length and is predominantly oxide and open pittable. HIGHLIGHTS Exploration drilling successfully extends the strike of gold mineralisation to 11km, up from 5km, with shallow, open pittable gold mineralisation intersected at all targets tested in the first phase of drilling for 2023 Significant exploration upside remains with approximately 40km of the 50km+ regional-scale shear zones yet to be drill tested – Toubani has the dominant land position in the region controlling the footprint of these structures Drilling results support Toubani's overall strategy of an oxide-dominant project of scale at Kobada by providing a pipeline of new oxide prospects for drill testing Significant discovery at Kobada West with continuous, near surface oxide gold mineralisation delineated in maiden drilling, located 1km north-west from the Kobada Main Deposit Significant strike extension to drill-defined mineralisation at Kobada North, Kobada South and Gosso Confirmation of a new discovery at Kobada East, confirming maiden auger intercepts from 2022 Review of fresh rock potential below current oxide resource at the Kobada Main deposit supports potential for significant resource growth with mineralisation open down dip and along the entire strike extent below the current average drill depth of 110m Drill programs planned for 2H 2023 to include both resource and regional drilling campaigns to convert Inferred Resources to Indicated and to advance regional discoveries towards maiden resources Toubani's dual-track strategy to unlock Kobada to continue with drill programs in 2H 2023 to form an integral part of the Company's DFS Update due later this year Toubani Chief Executive Officer, Phil Russo, commented: "Our Phase 1 drilling campaign provides us the confidence that with systematic exploration, a portfolio of projects providing supplementary resources to the Kobada Main Deposit can be defined. With almost all of the historical drilling to date being focused at Kobada Main, we are only in the early stages of unlocking the significant regional potential of our ground with 11km of drill-tested strike extent now defined over the 50km of interpreted structures. To intersect areas of mineralisation where there was no previous drilling is a fantastic result and demonstrates the exciting potential to grow our oxide resource base over time. We also have an enormous opportunity below Kobada, where free milling, fresh rock mineralisation is yet to be targeted beyond 100m vertical depth, with the deposit open at depth across the entire 4.5km strike extent. We believe that significant untapped value lies in optimising and growing Kobada and this is why we announced the commencement of the DFS Update workstream earlier this month. We are excited to be pursuing that potential while also commencing a supporting parallel drilling program shortly. We remain focused on continuing to derisk Kobada as it advances rapidly along the development path and positions itself as a project of significance in the region."   Read Full Announcement Plan showing 2023 drill targets within the Kobada Gold Project TOUBANI PRESENTING AT THE GOLD COAST INVESTMENT SHOWCASE Watch Video 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 STOCKHEAD - 11 JULY 2023 Q+A: Toubani's Mark Strizek on building West Africa's next 150-200,000ozpa gold mine PROACTIVE - 10 JULY 2023 Toubani Resources gears up for optimised Kobada DFS MARKET HERALD - 11 JULY 2023 Toubani Resources (ASX:TRE) to kickstart DFS update for Kobada gold project, Mali 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.