Kobada Gold Project Advances Operations and Permitting in Mali
Toubani Resources has confirmed ongoing operational progress at its Kobada gold project in Mali, with drilling activities proceeding as scheduled and no reported disruptions from recent regional fuel supply or security concerns. The arrival of a second reverse circulation (RC) drill rig is expected to accelerate anomaly testing and infrastructure site sterilization efforts, supporting project readiness initiatives.
The company recently secured approval for its Environmental and Social Impact Assessment (ESIA), enabling continued permitting activities. Ausenco Services has been appointed as the project's engineering, procurement, and construction management (EPCM) partner, and initial engineering work has commenced. Toubani’s funding package, including significant equity and gold stream components, positions the project for full construction financing.
- Kobada project remains fully funded with a package totaling A$395 million
- Environmental and Social Impact Assessment (ESIA) approved, permitting underway
- Toubani Resources, in partnership with Ausenco Services, advancing a gold project in Mali
