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Toubani Resources Inc (ASX:TRE)

ALERT: Price-sensitive ASX Announcement for TRE
Current share price for TRE : $0.310 -0.115 (-27.06%)+
Announcement
Release
15 May 2026 8:31AM
Price at Release
$0.425
Full Release
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Summary
Toubani Resources Limited has executed a binding commitment letter with Coris Bank International Mali SA for a US$73.3 million finance facility to fund the construction of the Kobada Gold Mine. Additionally, the company is finalizing documentation for a US$10.2 million mezzanine facility and collaborating with Eagle Eye Asset Holdings on a gold stream facility. As of March 2026, Toubani held A$124.2 million in cash, enhancing its capital flexibility. The company continues to progress with its project financing initiatives and aims to develop a significant gold mine in Mali. Endeavour Financial serves as the financial advisor, with Thomson Geer as legal counsel.
Key Points
  • Toubani Resources Limited has entered a binding commitment with Coris Bank International Mali SA for a project finance facility.
  • The facility amounts to US$73.3 million to fund the construction of the Kobada Gold Mine.
  • Finalization of documentation for the US$10.2 million mezzanine facility is underway.
  • Toubani is also working with Eagle Eye Asset Holdings Pte Ltd on a gold stream facility.
  • As of March 2026, Toubani had a cash position of A$124.2 million.
  • Phil Russo, Managing Director, comments on the progress and vision of developing a major gold mine in Mali.
  • Endeavour Financial is the financial advisor, and Thomson Geer is the Australian legal counsel for Toubani.
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.