Toubani Resources (ASX: $TRE) DFS Update Highlights

Toubani Resources, Inc (ASX: $TRE) has provided an update on the Definitive Feasibility Study Update (DFS Update) for its Kobada Gold Project in southern Mali. The project hosts 2.4 Moz in Mineral Resources over a 4.5km strike length, with predominantly near-surface oxide material and open pittable. The update confirms the company's focus on a bulk mining approach to bring forward processing of a larger tonnage of majority oxide ore to a larger processing plant, aiming to reduce risk and lower operating costs.

Toubani CEO's Perspective on Kobada's Potential

We're excited to advance Kobada's potential as a large, simple, low technical risk, and low operating cost oxide project. The completion of initial pit optimization studies has validated our strategy, and we look forward to continuing this momentum in 2024. The primary objective is to define the optimal approach forward and translate that into the upcoming drill program and next phase of engineering work.

DFS Update and Future Outlook

Toubani Resources' DFS Update for the Kobada Gold Project focuses on a bulk mining approach to process a larger tonnage of oxide ore, aiming to reduce risk and lower operating costs. The update reaffirms Kobada's potential as a simple, large, low strip, free milling oxide development project. The company plans to commence resource definition drilling, advance process flowsheet design, and move to final pit design, mining, and processing schedules over the first half of 2024. Toubani Resources aims to continue meeting prevailing global environmental and social standards while advancing Africa's next large gold development project.