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Toubani Resources Inc (ASX:TRE)

ALERT: Price-sensitive ASX Announcement for TRE
Current share price for TRE : $0.345 -0.07 (-16.87%)+
Announcement
Release
28 Oct 2025 9:29AM
Price at Release
$0.415
Full Release
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Summary
Toubani Resources Inc (ASX: TRE) reported significant advancements in the Kobada Gold Project in southern Mali for the quarter ending 30 September 2025. Key activities included the completion of an EPCM competitive tender for the Process Plant, obtaining ESIA approval, and commencing pre-engineering activities. The company secured a transformational A$395 million funding package, which includes a gold stream agreement with Eagle Eye Asset Holdings and a multi-tranche placement. The funding supports the final investment decision and accelerates project development. Toubani appointed Roux Terblanche as Project Director and Gaurav Gupta as a Non-Executive Director. The company's cash position ended strong, with a net cash from financing activities of A$21,108,000 for the quarter. Additionally, the company focused on community engagement and project readiness activities, including drilling programs and environmental permitting.
Key Points
  • Kobada Gold Project advanced significantly during the quarter.
  • ESIA approval and pre-engineering activities commenced.
  • A$395 million funding package secured for project development.
  • Appointment of key personnel: Roux Terblanche and Gaurav Gupta.
  • Strong cash position with net cash from financing of A$21,108,000.
  • Community engagement and project readiness activities ongoing.
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.