Toubani Resources (ASX:TRE) has released another round of drilling results from its Kobada Gold Project in southern Mali, with the program continuing to deliver broad, high-grade gold intersections ahead of a planned resource update.
Listen to the HotCopper podcast for in-depth discussions and insights on all the biggest headlines from throughout the week. On Spotify, Apple, and more.
The pre-production infill drilling campaign returned several standout results, including 72 metres at 2.27g/t gold, 53 metres at 3.67g/t gold and 20 metres at 4.58g/t gold.
The drilling is focused on increasing confidence in the existing resource and providing additional data for an updated Mineral Resource Estimate, which is expected to begin in the third quarter of CY26. That update will help finalise mine planning ahead of a targeted production start in early CY27.
Toubani said further assays from the northern chunk are still pending, while additional oxide drilling at Kobada South keeps building on results from earlier this year.
Managing Director Phil Russo said the latest drilling reinforces confidence in the quality of the Kobada deposit and supports the upcoming resource update.
The Australian company is also drilling nearby targets at Foroko, with two rigs currently operating on site. Those programs are aimed at identifying additional near-surface oxide resources that could provide greater flexibility for future mine scheduling and potentially extend the project’s mine life.
Toubani has completed around 30,000 metres of its planned 60,000 metre RC drilling campaign for CY26, with further regional exploration and aircore drilling programs expected later this year.
The Kobada project hosts a 2.2Moz mineral resource spread across more than 4.5KM of strike and is predominantly oxide and open-pittable, positioning it as the company’s flagship development asset.
TRE is down slightly, at 39cps today.
Join the discussion: See what HotCopper users are saying about Toubani Resources Ltd and be part of the conversations that move the markets.
The material provided in this article is for information only and should not be treated as investment advice. Viewers are encouraged to conduct their own research and consult with a certified financial advisor before making any investment decisions. For full disclaimer information, please click here.
