PT EQUITYWORLD FUTURES PUSAT

Rabu, 19 April 2023

ASX:TRE - Toubani Seeks Voluntary Delisting from TSX Venture Exchange

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TOUBANI SEEKS VOLUNTARY DELISTING FROM TSX VENTURE EXCHANGE

Toubani Resources, Inc (ASX: TRE; TSX-V: TRE) ("Toubani Resources" or the "Company") announces that it has applied to the TSX Venture Exchange ("TSX-V") to voluntary delist the common shares of the Company (the "Delisting"). Toubani Resources believes that the Company's shares and overall liquidity will benefit from a centralised focus on the Australian Stock Exchange ("ASX") following its listing in November 2022.

Instructions will be provided to TSX-V shareholders shortly regarding the process of transferring common shares into "CHESS Depositary Interests", which will enable them to trade on the ASX. The Delisting is subject to the approval of the TSX-V.

Chief Executive Officer and Executive Director, Phil Russo commented: "We believe a simplified listing structure is in the best interests of all our shareholders by improving liquidity in our shares as well as reducing ongoing administrative costs. Kobada is a significant, advanced development asset that stands to benefit from a focus on a single exchange and the Delisting best positions the Company to realise the asset's full value, particularly as our exploration program continues to deliver results and our optimisation studies are underway."

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TOUBANI FEATURED IN THE MARKET HERALD'S THEMATICA REPORT

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INVESTOR PRESENTATION

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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 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 - 11 APRIL 2023
Toubani Resources says mineralisation intersected at all targets tested in the current program to date at its Kobada Gold Project

MARKET HERALD - 11 APRIL 2023
Toubani Resources (ASX:TRE) increases strike at Kobada, Mali

MINING REVIEW - 12 APRIL 2023
Toubani continues to increase strike at Kobada gold project

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Kamis, 13 April 2023

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