Toubani Resources Limited has intersected high-grade gold mineralisation, including 44 metres at 3.12 g/t gold from 164 metres with a 1-metre internal section at 33.4 g/t gold, in pre-production infill drilling at the Kobada Gold Project in southern Mali.

The reverse circulation program in the northern portion of the Kobada Mineral Resource Estimate returned further intercepts, including 58 metres at 1.22 g/t gold from 96 metres to end-of-hole, which included 1 metre at 10.7 g/t gold and 3 metres at 6.69 g/t gold. Hole KBRC26_155A intersected 6 metres at 3.78 g/t gold from 222 metres and 17 metres at 3.95 g/t gold from 233 metres to end-of-hole, including 1 metre at 33.8 g/t gold. Additional results feature 33 metres at 1.70 g/t gold from 147 metres in hole KBRC26_180A, and 16 metres at 2.64 g/t gold from 124 metres in hole KBRC26_194.

The assays complete pending results from the northern area campaign and provide data density required to update the Mineral Resource Estimate. Independent external consultants have commenced the resource update, with completion targeted by the end of the third quarter of 2026.

“This new batch of assays from pre-production infill drilling provide further proof of the robust, high-grade core at Kobada, adding valuable data as we commence updating the MRE ahead of finalising the Ore Reserves, pit design and mining schedule. The consistency across the results from this campaign reaffirms the calibre of Kobada and provides us with confidence as we move through construction towards our objective of bringing West Africa's next major gold asset into production. Meanwhile, drilling is progressing well at the nearby Foroko and Gosso targets. Targeting shallow, easily accessible oxide mineralization here is a key priority as it directly enhances our long-term mine plan and broadens operational flexibility.”

— Phil Russo, Managing Director

Toubani controls a dominant land position over 50 kilometres of regional-scale shear zones in the district, with approximately 40 kilometres remaining un-drill tested.

Following the Mineral Resource Estimate update, Toubani plans to update the Ore Reserve estimate and mine plan for Kobada in the fourth quarter of 2026. That work will support final pre-production planning ahead of targeted mining operations commencing in early 2027.

Drilling operations continue across the broader tenement package. Reverse circulation rigs are operating at the Foroko prospect and will subsequently move to the Gosso area. In addition, aircore drilling has commenced to test targets along the mineralised structures, starting with the Kobada South Extension area.

Read the full announcement: Further High-Grade Results from Pre-Production Drilling