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Toubani Resources Progresses Construction at Mali Gold Project; Shares Down 4%

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Toubani Resources (ASX:TRE) advanced its construction activities at the Kobada gold project in Mali, while an update to the project's mineral resource estimate is targeted to be completed during the September quarter, according to a Monday Australian bourse filing.

Bulk earthworks are progressing according to schedule, with the carbon-in-leach tank earthworks completed, the filing said. Construction of the water storage dam has been completed.

The fabrication and shipping of structural steel for the process plant is also progressing according to schedule, with over 500 tons fabricated to date and ball mill fabrication completed.

The company's shares fell nearly 4% in recent trading on Monday.

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