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
Toubani Resources Limited Registered Shs ( (AU:TRE) ) just unveiled an update.
Toubani Resources has executed a binding agreement with the State of Mali that formalises the framework for developing, operating and governing its Kobada Gold Project, while also securing government approval to transfer the Kobada mining licence to the exploitation company, Mines de Kobada SA. The deal caps the Malian state’s interest in the project at 35%, confirms that Kobada will be governed under the 2023 Mining Code and reaffirms key fiscal terms and an updated feasibility study, collectively providing greater regulatory and ownership certainty as the company moves toward project development and strengthens its position in the West African gold sector.
The most recent analyst rating on (AU:TRE) stock is a Hold with a A$0.50 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 (ASX: TRE) is a gold project development company focused on advancing the oxide-dominant Kobada Gold Project, positioned as one of Africa’s next large-scale gold developments. The company is led by an experienced board and management team with a proven track record in taking African mining assets from exploration through development to production.
Average Trading Volume: 879,913
Technical Sentiment Signal: Buy
Current Market Cap: A$13.01M
For detailed information about TRE stock, go to TipRanks’ Stock Analysis page.