Toubani Resources kicks off DFS update for Kobada Gold Project

–News Direct–

Toubani Resources Inc (ASX:TRE, OTC:AGGFF) CEO Phil Russo discusses with Proactive an optimised definitive feasibility study (DFS) for the 3.1-million-ounce Kobada Gold Project in southern Mali. The company is on a mission to develop West Africas next major gold mine, underpinned by a substantial initial oxide mining operation. The revitalised DFS (first released in 2021) will consider how Toubani can achieve a higher processing rate and boost Kobadas future annual production.

The DFS update will pursue the potential for the project to be reoptimized to a throughput level that more aptly supports a bulk mining and lower overall technical risk approach, which is further strengthened when considering the significant existing resources of oxide, free digging material at Kobada, Russo said.

We believe Kobada has all the attributes to distinguish itself from its other West African development peers, being free milling ore, a large oxide resource with attractive fresh rock optionality, while also permitted.

We look forward to completing the update to the DFS later this year to aim to demonstrate the robustness and lower overall risk profile that a larger Kobada project could deliver.

Contact Details

Proactive Australia

Jonathan Jackson

+61 413 713 744

jonathan@proactiveinvestors.com

View source version on newsdirect.com: https://newsdirect.com/news/toubani-resources-kicks-off-dfs-update-for-kobada-gold-project-202534171

Toubani Resources Inc. CDI

COMTEX_436701526/2655/2023-07-11T12:59:53