Toubani Resources is an exploration and development company with a focus on developing a gold platform in West Africa. The Company is primarily focused on the development of the Kobada Gold Project in southern Mali, a 3.1Moz predominantly oxide deposit, with a low capital and operating cost profile capable of producing +100,000 ounces of gold per annum. The Company has recently completed a dual listing on the Australian Securities Exchange (ASX: TRE) with a new management and board to advance the asset.
- Large, unique development project focused on predominantly oxide production with significant optionality (i.e. higher grade component)
- Fully permitted, reduced capital and lower operating cost profile in a rising cost environment increases its development appeal
- One of the most undervalued gold development stocks in the sector