en.Wedoany.com Reported - ASX-listed Toubani Resources has released the latest reverse circulation drilling results from its Kobada Gold Project in southern Mali. The project hosts 2.2 million ounces of mineral resources, with a strike length of 4.5 kilometers, primarily consisting of oxide ore suitable for open-pit mining.

The latest results come from infill drilling in the northern area of the Kobada Mineral Resource Estimate (MRE) and follow-up drilling in southern Kobada. Pre-production infill drilling continues to deliver high-grade gold mineralization, with specific intercepts including: 72m at 2.27 g/t gold from 92m depth (KBRC26_161B), including 3m at 16.8 g/t gold from 151m depth, and 4m at 12.5 g/t gold; 53m at 3.67 g/t gold from 87m depth (EOH), including 7m at 16.3 g/t gold (KBRC26-142); 20m at 4.58 g/t gold from 198m depth, including 1m at 64.6 g/t gold (KBRC26_160); 61m at 1.8 g/t gold from 183m depth, including 7m at 6.61 g/t gold (KBRC26_190); 31m at 3.12 g/t gold from 187m depth (KBRC26_160); 1m at 86.5 g/t gold from 17m depth (KBRC26_180); 62m at 1.52 g/t gold from 139m depth (KBRC26_188); 34m at 1.45 g/t gold from 228m depth, including 6m at 4.94 g/t gold (KBRC26_160); 15m at 4.93 g/t gold from 204m depth (EOH), including 3m at 19.8 g/t gold (KBRC26_161B); and 12m at 4.41 g/t gold from 49m depth, including 1m at 35.2 g/t gold (KBRC26_193).

Toubani Resources stated that all drilling targeted areas requiring additional data to improve mineralization structure definition and provide more analytical data for the upcoming MRE update scheduled for the third quarter of this year. The updated MRE will be used to finalize near-term mining plans, targeting the commencement of mining activities in early 2027.

Follow-up drilling in southern Kobada also yielded additional oxide results, based on previously announced results from zones parallel to the main Kobada mineralization earlier this year. Drilling is currently underway at Foroko, aiming to identify additional ore sources to increase options in the upcoming mine planning workflow. The company added that drill hole information will be released continuously throughout the year, with multiple rigs on site continuing reverse circulation drilling.

Toubani Resources' current drilling is testing surface exploration targets in the Foroko area, northeast of the Kobada MRE. The company aims to delineate near-surface, open-pittable oxide mineral resources in this area, which can subsequently be evaluated as potential feed sources for the processing plant, either in the later stages of the project life or as an alternative mining front to increase scheduling and equipment flexibility. After completing drilling at Foroko, Toubani Resources will target the Gosso and Kobada West mineralized zones, where previous drilling has encountered mineralization, with similar objectives of testing the potential for near-surface, open-pittable oxide mineral resources in these areas.

Currently, the company has completed approximately 30,000 meters of drilling, with a 2026 reverse circulation drilling budget of 60,000 meters, part of a total 100,000-meter drilling program for the entire project. An air-core drilling program targeting regional targets is also being designed and is planned for implementation later this year. Toubani Resources Managing Director Phil Russo stated that the latest infill drilling results have successfully validated high-grade zones within the Kobada mineralization, providing great encouragement for the company's upcoming MRE update, while the company prepares for mining operations. Russo said the drilling has demonstrated the "high-grade" nature of the Kobada Gold Project, adding that the company expects remaining assay results to continue supporting this view. He also noted that drilling near the plant target areas (i.e., Foroko and Gosso targets) is ongoing, aimed at expanding near-surface oxide resources, with the strategic goal of extending mine life and adding flexibility to mining scheduling. Russo stated that the company is on track to build West Africa's next premier gold mine, and these results highlight Kobada's long-term production potential.

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