Toubani secures $208m in funding for Kobada Gold Mine development
<p></p> <p>Toubani Resources has successfully secured a comprehensive A$302 million (US$208 million) funding package for the development of its Kobada Gold Mine in Mali. This crucial financing, predominantly comprising a US$160 million gold stream facility with Eagle Eye Asset and a US$48 million strategic equity financing, is designed to ensure the project remains on its accelerated timeline, targeting first gold production by the third quarter of 2027. The package underscores significant investor confidence in the Kobada project, providing the necessary capital for construction completion, VAT payments, and ongoing exploration activities.</p> <p>
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