Toubani Resources Secures Development Pathway for Kobada Gold Project with Mali Agreement

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

Toubani Resources Limited has reached a pivotal agreement with the State of Mali to apply the 2023 mining code to its Kobada Gold Project, securing its development pathway and regulatory certainty. This partnership includes a shared equity interest, with Toubani holding 65% and the State of Mali holding 35%, aligning both parties in the project’s success. The agreement also includes favorable fiscal terms such as a reduced royalty rate and a corporate tax rate applicable for the initial years of operation. The project is advancing towards a Final Investment Decision, with ongoing environmental assessments and financing processes, positioning it as a significant development-ready gold project in West Africa.

More about Toubani Resources Limited Registered Shs

Toubani Resources Limited is a company operating in the mining industry, focusing on the development of gold projects. Its primary project is the Kobada Gold Project located in southern Mali, which is a premier oxide gold project with significant free-dig and open pittable oxide resources.

YTD Price Performance: 55.88%

Average Trading Volume: 633,558

Technical Sentiment Signal: Strong Sell

Current Market Cap: A$13.01M

For an in-depth examination of TRE stock, go to TipRanks’ Stock Analysis page.