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Toubani Resources Inc (ASX:TRE)

ALERT: Price-sensitive ASX Announcement for TRE
Current share price for TRE : $0.335 -0.065 (-16.25%)+
Announcement
Release
30 Oct 2025 9:54AM
Price at Release
$0.400
Full Release
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Summary
Toubani Resources Limited has appointed Ausenco Services Pty Ltd as the Engineering, Procurement and Construction Management (EPCM) contractor for its flagship Kobada Gold Project in Mali, marking a significant step forward as the company prepares to transition from planning to execution following the recent acquisition of necessary funding. This partnership is crucial for Toubani's strategy to develop a low-cost, long-life oxide gold operation. Ausenco's responsibilities will include detailed engineering, procurement, and construction management, as well as commissioning and integration with Toubani's project team. The project, located in southern Mali, is based on a robust Definitive Feasibility Study and aims for a production rate of 162,000 ounces of gold annually over more than nine years.
Key Points
  • Ausenco appointed as EPCM engineer for Kobada Gold Project.
  • EPCM scope includes engineering, procurement, and construction management.
  • Partnership strengthens Toubani's execution readiness towards Final Investment Decision.
  • Aims to deliver a low-cost, long-life oxide gold operation in southern Mali.
  • Kobada Gold Project features robust project economics with significant oxide resource base.
  • Planned production of 162,000 ounces of gold annually over 9.2 years.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.