Toubani Resources confirms Kobada gold project in Mali unaffected by fuel supply restrictions and security concerns. Drilling activities progressing as planned with no interruptions. Second RC drill rig arriving to expedite anomaly testing and infrastructure confirmation.

Project readiness measures advancing with approval of Environmental and Social Impact Assessment. Toubani engaging stakeholders and authorities for compliance and project timelines. Ausenco Services appointed as EPCM engineer, engineering work underway with long lead orders in place.

Kobada gold project licence in good standing, discussions ongoing with Malian authorities for investment framework. Meetings held between Toubani executives and government ministers. EEA committed to supporting key project milestones with significant follow-on equity investment and gold stream.

Toubani secures A$395m funding package for Kobada gold project construction, includes A$242m gold stream agreement with EEA. Cash balance of A$177m expected post-funding package completion. Project operations continue amid Mali restrictions.

Read more at Yahoo Finance: Toubani’s Kobada gold project continues operations amid Mali restrictions