Toubani Resources appoints financial advisor

Toubani Resources (ASX:TRE) has appointed Endeavour Financial as their financial advisor for the Kobada Gold Project's financing. This move follows the release of a promising 2024 Definitive Feasibility Study. The study highlighted the project’s low capital cost and high production potential. Interest from financiers, including African banks and credit funds, supports Kobada's standing as a cost-efficient project in West Africa.

Overview and future outlook for Toubani Resources

Toubani Resources' recent appointment of Endeavour Financial as their financial advisor marks a strategic step forward for the Kobada Gold Project. The encouraging 2024 Definitive Feasibility Study has sparked interest from potential financiers, indicating confidence in the project's economic potential. Toubani is actively updating its Environmental & Social Impact Assessment to match the new feasibility study findings, demonstrating commitment to sustainable practices. Upcoming drilling aims to expand the main deposit and discover additional resources. Discussions with the Malian government on investment agreements are progressing, ensuring continued smooth operations. Toubani reassures stakeholders that its Mali activities remain unaffected by regional disruptions, emphasizing operational stability and absence of tax disputes. The company is poised to move towards making the project shovel-ready by 2025, under its 'Enhance, Grow and Derisk' strategy, potentially generating significant economic benefits for Mali.

Executive insights on Kobada Gold Project developments

The appointment of Endeavour Financial brings a wealth of experience in project financing on the African continent. Endeavour has been involved in similar projects in Mali, which lends credibility to our financial strategy for the Kobada Gold Project.