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Toubani Resources Limited Registered Shs ( (AU:TRE) ) just unveiled an update.
Toubani Resources Limited has announced that operations at its Kobada Gold Project in Mali remain unaffected despite recent media reports about fuel supply restrictions and security concerns in Bamako. The company is progressing with its drilling activities and project readiness, with a second RC drill rig expected to enhance testing and infrastructure planning. Following the approval of the Environmental and Social Impact Assessment, Toubani is advancing its permitting activities and has appointed Ausenco Services Pty Ltd as its EPCM engineer. The company is also in discussions with Malian authorities to finalize the investment framework, supported by its significant funding package, which includes a A$70m equity investment and a US$160m gold stream.
The most recent analyst rating on (AU:TRE) stock is a Buy with a A$1.50 price target. To see the full list of analyst forecasts on Toubani Resources Limited Registered Shs stock, see the AU:TRE Stock Forecast page.
More about Toubani Resources Limited Registered Shs
Toubani Resources Limited (ASX: TRE) is focused on developing the Kobada Gold Project in West Africa, which is positioned to be the region’s next significant gold development. The company boasts a seasoned board and management team with a strong track record in advancing projects from exploration through to production.
Average Trading Volume: 852,366
Technical Sentiment Signal: Buy
Current Market Cap: A$13.01M
Learn more about TRE stock on TipRanks’ Stock Analysis page.