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Toubani Resources Inc (ASX:TRE)

ALERT: Price-sensitive ASX Announcement for TRE
Current share price for TRE : $0.360 -0.075 (-17.24%)+
Announcement
Release
29 Apr 2026 8:24AM
Price at Release
$0.435
Full Release
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Summary
Toubani Resources Limited, engaged in the development of the Kobada Gold Project in southern Mali, has made significant advancements in the March 2026 quarter. The company received a positive final investment decision from its board, allowing construction activities at the Kobada site to commence, including bulk earthworks and engineering works. Toubani secured a credit-approved term sheet with Coris Bank for over US$80 million to fund the project, replacing part of a previously announced gold stream arrangement. The project's funding progress and anticipated milestones, such as resource updates and operational developments, are expected to drive increased news flow throughout 2026. The company's cash and equivalents at the end of the quarter stood at A$124.2 million. During the period, Toubani also engaged in community and governmental activities to secure long-term project development in Mali.
Key Points
  • Positive final investment decision for the Kobada Gold Project.
  • Construction activities commenced at the Kobada site.
  • Secured financing from Coris Bank for over US$80 million.
  • Cash and equivalents at the end of the quarter at A$124.2 million.
  • Focus on both construction progress and exploration activities.
  • Community and governmental engagement for project support.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.