Toubani Advances Mali Kobada Gold Mine Construction, Targeting Gold Production in Q3 2027
2026-06-11 15:53
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en.Wedoany.com Reported - Toubani Resources (ASX:TRE) has completed clearing and leveling of the plant site at the Kobada Gold Project in Mali, with earthworks advancing rapidly to pave the way for subsequent gold production.

The water storage dam and regulating pond (turkey's nest) are expected to be completed in the coming weeks, before the rainy season begins. The company began clearing the airstrip and permanent areas last month, with construction of the airstrip and tailings storage facility identified as the next priorities. Toubani has also largely completed upgrades to the existing accommodation facilities at Kobada, which are already being used as a construction camp.

The first batch of equipment has arrived in Mali, including steel plates for carbon-in-leach tanks, which will be delivered to the tank manufacturer's site in Bamako. High-density polyethylene liners for the tailings storage facility are currently at the port and will be transported to Kobada in the coming weeks. To date, approximately 20% of the structural steel has been processed, with shipments set to begin this month.

Toubani's target is to achieve first gold production at Kobada in the third quarter of 2027. Managing Director Phil Russo stated that the project is on track to successfully reach this milestone. He noted that the significant progress made on site in recent months highlights the strong execution capability of the project team, boosting confidence as preparations transition to the main construction phase. The team continues to deliver key project milestones during a period of intense site activity. On-site mobilization has now increased to nearly 500 employees and contractors, underscoring the growing scale and momentum of development activities.

Toubani Resources is an exploration and development company focused on advancing the Kobada Gold Project in Mali, which hosts a resource of 2.2 million ounces of gold.

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