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Toubani Resources Confirms Uninterrupted Operations at Mali Gold Project Despite Security Concerns; Shares Up 8%

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-- Toubani Resources (ASX:TRE) said its Kobada Gold Project in southern Mali continues to operate without interruption despite recent security incidents in the country, with construction, drilling, and financing activities all advancing in line with schedule, according to a Wednesday Australian bourse filing.

The company said all personnel are safe, and security and travel protocols remain in place, with close communication maintained with Malian authorities, per the filing.

Construction and drilling work accelerated in accordance with the project timeline, driven by continued mobilization of contractors and materials, including recent deliveries through the Port of Abidjan, the filing said.

Engineering and procurement remain on track, while financing efforts with Eagle Eye Asset Holdings and Coris Bank's senior and mezzanine debt facilities are well advanced, with financial close still targeted for the June quarter, the filing added.

The company's shares rose 8% in recent Wednesday trade.

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