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Toubani Resources Limited Registered Shs ( (AU:TRE) ) has provided an announcement.
Toubani Resources has launched its largest drilling program to date at the Kobada Gold Project, planning up to 100,000 metres of drilling in 2026, including 60,000 metres of reverse circulation drilling to expand near-surface oxide resources and 40,000 metres of aircore drilling to test regional targets, alongside additional diamond drilling at depth. Recent drilling has delivered multiple high-grade gold intersections both below and outside the current mineral resource estimate, supporting expectations of resource growth ahead of an updated estimate in the first half of 2026, while also helping to confirm infrastructure layouts as the project advances toward environmental permitting and construction, underscoring Kobada’s potential to grow in scale and longevity for stakeholders.
The most recent analyst rating on (AU:TRE) stock is a Hold with a A$0.51 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 ASX-listed gold exploration and development company focused on the Kobada Gold Project in southern Mali. Kobada currently hosts a 2.2-million-ounce mineral resource over a 4.5km strike, predominantly near-surface, oxide and amenable to open-pit mining, positioning the company within the West African gold development space with a strategy to expand both oxide and fresh rock resources and build a pipeline of regional prospects.
Average Trading Volume: 881,460
Technical Sentiment Signal: Buy
Current Market Cap: A$13.01M
Find detailed analytics on TRE stock on TipRanks’ Stock Analysis page.