Toubani Resources Ltd (“Toubani” or “the Company”) is currently updating a Definitive Feasibility Study (“DFS”) on the 100% owned Kobada Gold Project (“Kobada” or “the Project”) in the highly productive Birimian rocks of Mali, West Africa.
Kobada, which hosts 2.39 million ounces of gold (with significant upside) has the potential to be a low-cost producer, by virtue of the soft free-dig oxide ore, probable low strip ratio, and high, 95% oxide recoveries through a standard gravity/CIL treatment plant. There is also significant Resource/production upside which will be considered down the track, including additional oxide sources from the 50 km strike length of prospective shears within the tenements, as well as from fresh mineralisation, which is also free milling, with recoveries in the low 90% range.
