Toubani Resources Limited Registered Shs (AU:TRE)
ASX:TRE
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Toubani Resources Limited Registered Shs
(Sydney:TRE)
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Rating:49Neutral
Price Target:
AU$0.57
▼(-0.53% Downside)
Action:ReiteratedDate:04/03/26
The score is primarily held back by weak financial performance (pre-revenue, widening losses, and ongoing cash burn despite a debt-free structure). Technicals provide a modest offset with the price trading above key longer-term averages and neutral momentum readings, while valuation offers limited support given the lack of meaningful P/E and dividend yield data.
Positive Factors
Debt-free balance sheet
Having no reported debt meaningfully lowers financial distress risk for an exploration company, preserving optionality to fund programs via equity or partnerships. This durable capital structure supports continued project work without near-term interest burden, aiding long-term project delivery.
Negative Factors
Pre-revenue, widening losses
Persistent pre‑revenue status and a sharply larger net loss in 2025 indicate the company remains far from internally funded operations. Over time, widening losses erode equity value and require ongoing capital raises, making long‑term project delivery contingent on external financing or successful resource outcomes.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free balance sheet
Having no reported debt meaningfully lowers financial distress risk for an exploration company, preserving optionality to fund programs via equity or partnerships. This durable capital structure supports continued project work without near-term interest burden, aiding long-term project delivery.
Read all positive factors
Toubani Resources Limited Registered Shs (TRE) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$13.01M
Dividend YieldN/A
Average Volume (3M)591.39K
Price to Earnings (P/E)―
Beta (1Y)2.03
Revenue GrowthN/A
EPS GrowthN/A
CountryAU
Employees201
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)-0.05
Shares Outstanding754,036,900
10 Day Avg. Volume606,516
30 Day Avg. Volume591,393
Financial Highlights & Ratios
PEG Ratio-0.04
Price to Book (P/B)0.81
Price to Sales (P/S)0.00
P/FCF Ratio-4.96
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$1.70Price Target Upside198.25% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Toubani Resources Limited Registered Shs Business Overview & Revenue Model
Company Description
Toubani Resources Inc. engages in the exploration and development of gold properties in West Africa. It focuses on the Kobada Gold project located in Southern Mali. The company was formerly known as African Gold Group, Inc. and changed its name to...
How the Company Makes Money
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Toubani Resources Limited Registered Shs Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
58
Neutral
Cash Flow
24
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 77.39K | 0.00 | 47.61K | 6.35K | 13.37K | 0.00 |
| Gross Profit | 77.39K | 0.00 | 47.61K | 6.35K | 13.37K | -22.11K |
| EBITDA | -8.32M | -22.27M | -8.15M | -6.60M | -3.60M | -4.43M |
| Net Income | -8.40M | -22.86M | -8.21M | -6.63M | -3.57M | -4.48M |
Balance Sheet | ||||||
| Total Assets | 12.52M | 126.61M | 9.35M | 4.28M | 4.04M | 3.88M |
| Cash, Cash Equivalents and Short-Term Investments | 11.32M | 116.98M | 8.47M | 3.28M | 3.64M | 3.51M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 1.39M | 8.92M | 748.64K | 872.09K | 900.53K | 424.51K |
| Stockholders Equity | 11.13M | 117.69M | 8.60M | 1.59M | 3.43M | 3.46M |
Cash Flow | ||||||
| Free Cash Flow | -6.65M | -19.19M | -6.85M | -9.87M | -3.45M | -4.96M |
| Operating Cash Flow | -6.16M | -15.41M | -6.83M | -9.80M | -3.43M | -4.94M |
| Investing Cash Flow | -483.68K | -3.78M | -14.00K | -66.46K | -17.17K | -24.56K |
| Financing Cash Flow | 15.76M | 128.91M | 13.13M | 5.21M | 3.67M | 7.72M |
Toubani Resources Limited Registered Shs Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
55 Neutral | AU$162.60M | -21.30 | -3.54% | ― | ― | ― | |
49 Neutral | AU$13.01M | ― | -125.80% | ― | ― | ― | |
49 Neutral | AU$24.60M | 0.79 | 36.53% | ― | ― | ― | |
48 Neutral | AU$12.98M | -4.44 | -6.21% | ― | ― | -28.57% | |
44 Neutral | AU$25.68M | 29.28 | -1.78% | ― | ― | 1.38% |
* Basic Materials Sector Average
AU:TRE
Toubani Resources Limited Registered Shs
0.57
0.32
128.00%
AU:GML
Gateway Mining Limited
0.07
0.05
191.67%
DE:P6C
Nagambie Resources Limited
0.01
0.00
0.00%
AU:SNG
Siren Gold Ltd
0.08
0.03
54.72%
AU:NWM
Norwest Minerals Ltd.
0.01
0.00
0.00%
AU:AHK
ARK Mines Ltd
0.36
0.21
153.57%
Toubani Resources Limited Registered Shs Corporate Events
Toubani Resources Files Updated Corporate Governance Statement and Appendix 4G
Mar 29, 2026
Toubani Resources Limited has lodged its updated corporate governance statement for the 2025 financial year, confirming that the document is current as of 31 December 2025 and has been approved by the board. The statement is being made available v...
Toubani Resources Outlines Governance Structure in 2025 Annual Report
Mar 29, 2026
Toubani Resources Limited has released its annual report for the year ended 31 December 2025, outlining its corporate structure and key governance arrangements. The report details the composition of the board, company secretary, registered office,...
Toubani Resources Breaks Ground at Kobada Gold Project in Mali
Mar 15, 2026
Toubani Resources has begun construction at its Kobada Gold Project in Mali after reaching a final investment decision and securing key approvals, including an investment protocol with the state and environmental, resettlement and infrastructure p...
S&P Dow Jones Indices Confirms New Additions to All Ordinaries in March Rebalance
Mar 10, 2026
SP Dow Jones Indices has updated its March 2026 quarterly rebalance of the All Ordinaries index, reversing earlier plans involving African Gold Limited and American Rare Earths Limited while confirming a wide slate of additions. The changes, effec...
Toubani Resources Sets Out Kobada Gold Mine Path in New Corporate Presentation
Mar 9, 2026
Toubani Resources Limited has released a corporate presentation outlining its strategy to become a gold producer through the development and delivery of the Kobada Gold Mine, targeted for March 2026. The document is largely comprised of standard d...
Toubani Issues New Shares on Option Exercise, Confirms Compliance With Disclosure Rules
Feb 26, 2026
Toubani Resources Limited, an ASX-listed gold development company, is focused on building West Africa’s next large gold project at its oxide-dominant Kobada Gold Project, supported by a management team experienced in progressing African mini...
Toubani Resources Seeks ASX Quotation for Additional 450,000 Shares
Feb 26, 2026
Toubani Resources Limited has applied to the ASX for quotation of an additional 450,000 ordinary fully paid shares under its existing ticker TRE, expanding the volume of its listed securities on the market. The new shares, issued on February 26, 2...
Toubani Resources Issues Over 115 Million New Shares to Bolster Kobada Gold Development
Feb 23, 2026
Toubani Resources has issued 1,750,000 new shares from the exercise of options and a further 113,450,920 shares to an investor at $0.40 per share, following shareholder approval earlier in February 2026. The company has confirmed that these shares...
Toubani Resources Seeks ASX Quotation for 113 Million New Shares
Feb 23, 2026
Toubani Resources Limited has applied for the quotation of 113,450,920 ordinary fully paid shares on the Australian Securities Exchange under the ticker TRE. The securities, issued on February 20, 2026, represent a significant addition to the comp...
Toubani Resources Seeks ASX Quotation for 1.75 Million New Shares
Feb 23, 2026
Toubani Resources Limited has applied for quotation on the ASX of 1,750,000 new ordinary fully paid shares under the code TRE. The new securities, issued on February 23, 2026, modestly expand the company’s listed share capital and may suppor...
Toubani Resources Secures Key Environmental Permit for Kobada Gold Project
Feb 22, 2026
Toubani Resources has secured the environmental permit for its Kobada Gold Project, with Mali’s Ministry of Environment approving the project’s Environmental and Social Impact Assessment and Resettlement Action Plan. With all key permi...
Toubani Fast-Tracks Kobada Gold Project Toward Q1 2026 Construction Start
Jan 27, 2026
Toubani Resources has reported rapid progress at its Kobada Gold Project in southern Mali, with the development remaining on track to commence construction in the first quarter of 2026. Key permitting milestones have been achieved, including appro...
Toubani Resources Moves to Digital Notices for February Shareholder Meeting
Jan 14, 2026
Toubani Resources Limited has called a General Meeting of shareholders for 13 February 2026 in Perth, advising investors that the meeting details and any changes will be communicated via the ASX platform and the company’s website. The compan...
Toubani Resources Calls February 2026 Meeting to Approve Gold Stream Financing Deal
Jan 14, 2026
Toubani Resources Limited has called a general meeting of shareholders for 13 February 2026 in Perth to seek approval for a proposed gold stream facility with EEA SPV, a wholly owned subsidiary or affiliate of EEA. The key resolution, designated a...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
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