Toubani strengthens study team to drive Kobada DFS

Toubani Resources (ASX:TRE) has made changes to its board of directors and study management team to drive the delivery of a Definitive Feasibility Study (DFS) for the Kobada Gold Project in southern Mali. 

The company has appointed Marc Rowley, Dave Clark, and Dhanu Anandarasa to the DFS ‘owner’s team’. 

CEO Phil Russo says Rowley, Clark, and Anandarasa all have recent and relevant experience preparing feasibility studies for projects in Africa. 

The three will join the existing technical team of Bill Oliver and Kerry Griffing to oversee and guide the work completed by Lycopodium, Orelogy, Entech, Knight Piesold, and other consulting groups. 

Meanwhile, Matt Wilcox has been appointed as non-executive director, effective immediately, and current non-executive director Scott Perry has been appointed non-executive Chairman. 

Russo says the addition of Matt and the experience he has in designing, constructing, and operating mines in West Africa will benefit Toubani as it advances towards developing the next gold mine in West Africa. 

Toubani is currently focused on delivering a DFS update for its Kobada Project. The DFS will assess the potential for a higher processing rate, and consequently increased annual gold production, with an initial oxide focused project phase, followed by including fresh material later in the mine plan. 

The company believes that Kobada is on path to become the next West African gold mine of significant scale, underpinned by a substantive initial oxide phase operation. 

Kobada has a 2.4-million-ounce gold resource that lies in the Sikasso administrative region in southern Mali. 

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Images: Toubani Resources
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Written By Aaliyah Rogan
Relocated from the East Coast in New Zealand to Queensland Australia, Aaliyah is a fervent journalist who has a passion for storytelling. When Aaliyah isn’t writing stories, she is either spending time with friends and family or down at the beach.