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Toubani Resources Limited Registered Shs ( (AU:TRE) ) has issued an announcement.
Toubani Resources Limited announced significant progress in the development of its Kobada Gold Project during the June quarter. Key activities included the initiation of early works engineering, completion of ESIA specialist studies, and commencement of a 5,000-meter diamond drilling program aimed at testing deeper mineralization to expand the resource base. The company also secured a partnership with A2MP Investments, resulting in a $29 million placement to support project financing. These developments position Toubani for increased operational activity and stakeholder engagement, as it prepares for a final investment decision and aims to unlock the project’s underlying value.
The most recent analyst rating on (AU:TRE) stock is a Buy with a A$1.25 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 a company operating in the mining industry, primarily focusing on the development of the Kobada Gold Project in southern Mali. The company is engaged in activities related to gold exploration and development, with a market focus on expanding its mineral resource base and extending the life of its mining operations.
Average Trading Volume: 527,738
Technical Sentiment Signal: Buy
Current Market Cap: A$13.01M
Find detailed analytics on TRE stock on TipRanks’ Stock Analysis page.