Toubani Hits 72m at 2.27g/t Gold; Resource Update Due Q3

Toubani Resources (ASX:TRE) keeps stacking high-grade gold hits at its Kobada project in southern Mali. The latest batch of pre-production infill drilling returned 72 metres at 2.27g/t gold, 53 metres at 3.67g/t, and 20 metres at 4.58g/t. The company is running a 60,000-metre RC campaign for CY26, with about 30,000 metres already complete.

The drilling targets the existing 2.2Moz resource spread over 4.5km of strike. The deposit is predominantly oxide and open-pittable, which keeps development costs lower than hard-rock alternatives. Toubani expects to begin an updated Mineral Resource Estimate in the third quarter of CY26. That estimate will feed into final mine planning ahead of a targeted production start in early CY27.

Managing Director Phil Russo said the latest results reinforce confidence in the deposit and support the upcoming resource update.

Assays from the northern part of the deposit are still pending. Additional oxide drilling at Kobada South is also building on results from earlier this year. Two rigs are currently working on nearby targets at Foroko, aimed at finding more near-surface oxide resources that could extend the project's mine life and give mine scheduling more flexibility.

Further regional exploration and aircore drilling programs are expected later this year.

For traders tracking the story, the next concrete marker is the resource update in Q3 2026. The grade and continuity of the pending northern assays will determine whether the resource grows or just gets reclassified. The company's gold profile page has more on the broader sector context.