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Toubani Resources Inc (ASX:TRE)

ALERT: Price-sensitive ASX Announcement for TRE
Current share price for TRE : $0.310 -0.06 (-16.22%)+
Announcement
Release
10 Jun 2026 9:05AM
Price at Release
$0.370
Full Release
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Summary
Toubani Resources Limited announced significant advancements in the construction activities at the Kobada Gold Project. The project is on track for first gold production by the third quarter of 2027. Key developments include the rapid progress of bulk earthworks with the process plant site now cleared and levelled, and imminent completion of the water storage dam and turkey's nest. The site's workforce has grown to approximately 500, highlighting the project's expanding scale. Equipment delivery is progressing, with steel plates for CIL tanks and an HDPE liner for tailings storage en route. Additionally, over 59% of the project's capital cost has been committed, and engineering design by Ausenco is 67% complete. Toubani continues its positive engagement with local communities and is advancing financing documentation and necessary approvals.
Key Points
  • Construction at Kobada Gold Project is advancing rapidly.
  • First gold production is expected by Q3 2027.
  • Bulk earthworks and site clearing are nearly complete.
  • Site has 500 employees and contractors now.
  • Equipment delivery includes steel plates and HDPE liner.
  • 59% of capital cost committed; engineering 67% complete.
  • Positive local community engagement ongoing.
  • Project financing documentation and approvals advancing.
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.