Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
The latest update is out from Toubani Resources Limited Registered Shs ( (AU:TRE) ).
Toubani Resources has reported rapid progress at its Kobada Gold Project in southern Mali, with the development remaining on track to commence construction in the first quarter of 2026. Key permitting milestones have been achieved, including approvals for the Environmental and Social Impact Assessment, Resettlement Action Plan and water extraction permit, clearing the way for the final Environmental Permit and the start of site works. Engineering and procurement have advanced under lead contractor Ausenco, with long lead items such as the ball mill, mineral sizer, CIL tank platework and structural steel ordered and tracking to schedule, while major contracts for logistics and bulk earthworks have been awarded and mining tenders near completion. Project financing to complete construction is in place, further funding optimisation discussions are under way, all key project positions in Perth and Mali have been filled, and the company continues to operate without interruption on the ground, underscoring its confidence in delivering a significant new gold mine for Mali and enhancing its status as an emerging African gold producer.
The most recent analyst rating on (AU:TRE) stock is a Hold with a A$0.46 price target. To see the full list of analyst forecasts on Toubani Resources Limited Registered Shs stock, see the AU:TRE Stock Forecast page.
More about Toubani Resources Limited Registered Shs
Toubani Resources Limited is an Australian-listed gold developer focused on advancing its flagship Kobada Gold Project in southern Mali. The company is progressing the project towards production, targeting the development of a significant open-pit gold mine in West Africa, with operational teams and key project roles based in both Perth and Mali.
Average Trading Volume: 941,348
Technical Sentiment Signal: Buy
Current Market Cap: A$13.01M
For a thorough assessment of TRE stock, go to TipRanks’ Stock Analysis page.