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Toubani Resources Inc (ASX:TRE)

ALERT: Price-sensitive ASX Announcement for TRE
Current share price for TRE : $0.285 -0.015 (-5%)+
Announcement
Release
24 Aug 2026 9:26AM
Price at Release
$0.300
Full Release
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Summary
Toubani Resources Limited has received the first drawdown proceeds of US$25 million under the Gold Stream with Eagle Eye Asset Holdings Pte, as announced on July 13, 2026. This milestone follows the satisfaction of all conditions precedent to financial close and marks a significant step in advancing construction activities at the Kobada Gold Mine. The drawdown schedule is designed to support the mine's development, aiming for Toubani to become a gold producer by 2027. Eagle Eye Asset Holdings Pte supports Toubani's vision of evolving into a mid-tier gold producer.
Key Points
  • Toubani Resources Limited (ASX:TRE) received US$25 million as the first drawdown under the Gold Stream with Eagle Eye Asset Holdings Pte.
  • The Gold Stream was announced on July 13, 2026, and the first drawdown follows satisfaction of all remaining conditions precedent to financial close.
  • The drawdown schedule includes regular drawdowns to support the construction execution plan for the Kobada Gold Mine.
  • Managing Director Phil Russo states this milestone supports advancing construction activities at the Kobada Gold Mine towards becoming a gold producer in 2027.
  • Eagle Eye Asset Holdings Pte views the first drawdown as an important milestone, supporting Toubani's goal to become a significant gold producer.
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.