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Toubani Resources Identifies High-Grade Gold Mineralization at Mali's Kobada Gold Project, Shares Up 3%

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Toubani Resources (ASX:TRE) identified high-grade gold mineralization during recent drilling at its Kobada gold project in southern Mali, according to a Monday Australian bourse filing.

The results were up to 44 meters at 3.12 grams per tonne gold from 164 meters, including one meter at 33.4 grams per tonne gold, and 25 meters at 2.06 grams per tonne gold from 213 meters.

The mining firm began a mineral resource estimate (MRE) update, aiming for completion by the end of the third quarter, with an ore reserve estimate and mine plan update planned for the fourth quarter to support final pre-production planning ahead of the targeted commencement of mining in early 2027, the filing added.

The company's shares rose 3% in recent Monday trade.

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