Toubani Resources (ASX:TRE) has returned a final investment decision and begun construction activities at the Kobada Gold Project in Mali, following board approval.
The development team and contractors have been mobilised to the site ahead of targeted gold production in Q3 2027.
Toubani has committed 36% of capital cost for the Kobada Project, with documentation nearing completion for overall funding.
Managing Director Phil Russo says the final investment decision is a “momentous occasion” for Toubani as the company moves into building the Kobada Gold Mine.
“It represents years of dedication, rigorous planning, and unwavering belief in the quality of our asset and our people, as well as a singular focus on executing our stated strategy,” Russo says.
“Thank you to all who have helped us reach this milestone – our employees, partners, local communities, and shareholders for their continued trust and support.
“As we enter the construction phase, we do so with confidence and clear purpose: To deliver a great gold mine and become a leading African gold producer.”
Toubani Resources is an exploration and development company, focused on advancing the Kobada Gold Project in Mali, which has a resource of 2.2 million ounces of gold.
Write to Maddison Elliott at Mining.com.au
Images: Toubani Resources
