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🖥️ ASX:TRE - Toubani successfully extends overall Kobada mineralisation by 1 km

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TOUBANI SUCCESSFULLY EXTENDS OVERALL KOBADA MINERALISATION BY 1 KM

Toubani Resources, Inc (ASX: TRE; TSX-V: TRE) ("Toubani Resources" or the "Company") is pleased to provide the first set of results from the ongoing drilling program at its Kobada Gold Project in southern Mali.

Highlights

Drilling has extended mineralisation by almost 1km to the north and south of the Kobada Main Deposit

Kobada Main Deposit currently hosts a Mineral Resource of 3.1 million ounces of gold over a strike length of 4.5km

Mineralisation remains open north and south of the Kobada Main Deposit

Excellent first results from the Kobada North 1 target area with 9m at 1.32g/t and 14m at 1.02g/t

Further assay results at Kobada North 2 testing along an additional 1.7km of strike are pending

Drilling continues on site with the focus now moving to step out holes at the Gosso target, where previous drilling has already intersected mineralisation

Chief Executive Officer, Phil Russo commented: "For the first drill holes of the program to extend mineralisation by 1 km, including 650 meters at Kobada North alone, is an exceptional result. These results demonstrate both the scale and the potential of the Kobada district and to be able to expand the footprint of mineralisation so quickly, while still open along strike, is a significant step forward in unlocking this project. We believe we have a very large system across an extensive and, remarkably, still underexplored belt. We now look forward to drilling at Gosso, which is currently underway and has returned excellent initial results in historical drilling."

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Plan showing location of Kobada North and Kobada South

INVESTOR WEBINAR RECORDING

Toubani Resources (ASX: TRE; TSX‐V: TRE) ("Toubani Resources" or the "Company") is pleased to provide shareholders and investors with a recording from the recent webinar where CEO, Phil Russo, presented the company's latest investor presentation and engaged in a Q&A session.

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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 - 2 MARCH 2023
Toubani Resources wants to show flagship Kobada project is in prolific gold district

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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