Toubani Resources Secures A$29M Investment to Advance Kobada Gold Project

Toubani Resources Limited Registered Shs ( (AU:TRE) ) has provided an update.

Toubani Resources Limited has announced a significant partnership and a successful A$29 million capital raise through a two-tranche placement. The strategic investment, led by A2MP Investments DMCC and supported by the African Export-Import Bank, will see A2MP acquire an 18% stake in Toubani. This partnership includes a non-binding debt commitment from A2MP for a minimum US$160 million to advance the Kobada Gold Project. The funds will be used to prepare Kobada for development, with a final investment decision expected by late 2025. This move strengthens Toubani’s financial position and enhances its ability to progress key milestones, including investment agreements with Mali and project permitting activities.

More about Toubani Resources Limited Registered Shs

Toubani Resources Limited is a company involved in the mining industry, focusing primarily on the development of gold projects. The company’s key project is the Kobada Gold Project, which is positioned as a significant asset in West Africa. Toubani aims to become a leading multi-asset gold producer in the region.

YTD Price Performance: 55.88%

Average Trading Volume: 633,558

Technical Sentiment Signal: Strong Sell

Current Market Cap: A$13.01M

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