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ASX:TRE

9 stories mentioning ASX:TREUpdated 10d ago

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Asia

Toubani Resources Acquires 19.9% Stake in Avanti Gold

Toubani Resources (ASX:TRE) has completed the acquisition of a 19.9% stake in Avanti Gold, acquiring 44.5 million Avanti shares, according to an Australian bourse filing on July 17 after market hours.The company has issued 72.9 million new shares as consideration and will grant 36.5 million options, exercisable at AU$0.60 and expiring three years from the date of issue, subject to applications under the option prospectus, the filing added.

ASX:TRE
Asia

Toubani Resources Raises Around AU$52 Million Via Institutional Entitlement Offer, Shares Fall 11%

Toubani Resources (ASX:TRE) completed a fully underwritten institutional entitlement offer, raising around AU$52 million, before costs, from the issue of around 172 million new shares at the offer price, according to a Wednesday Australian bourse filing.The institutional offer was part of its one-for-3.27 accelerated pro-rata non-renounceable entitlement offer of new fully paid ordinary shares, at a fixed price of AU$0.30 per share.Its major shareholder, Eagle Eye Asset Holdings, and supportive shareholder, Helikon Investments, both committed to take up their full entitlements in the institutional entitlement offer.Its shares fell 11% in recent trading on Wednesday.

ASX:TRE
Asia

Toubani Resources Secures AU$302 Million Funding Package to Complete Kobada Gold Mine Construction

Toubani Resources (ASX:TRE) secured and finalized a AU$302 million binding funding package comprising a AU$232 million gold stream and AU$70 million in equity financing to complete the construction of its Kobada gold mine, according to a Monday Australian bourse filing.The company said an additional term sheet is in place for a senior secured facility of up to $40 million from a syndicate led by AFG Bank to provide further balance sheet flexibility.The binding funding package provides timely, low-risk funding to ensure Kobada remains on schedule for first gold in the third quarter of 2027, with project capital cost in line with plan, and now over 60% committed, it added.

ASX:TRE
Asia

Toubani Resources Names Mining Contractor for Mali Gold Project

Toubani Resources (ASX:TRE) appointed Corica Mining Services as the mining contractor for the Kobada gold project in Mali for an initial contract term of five years, according to a Wednesday Australian bourse filing.The mobilization of the mining fleet is scheduled for the December quarter, with first ore anticipated in the first quarter of 2027.The parties are finalizing long-form documentation.

ASX:TRE
Asia

Toubani Resources Acquires 19.9% Stake in Avanti Gold via Share Swap; Shares Rise 3%

Toubani Resources (ASX:TRE) agreed to acquire a 19.9% interest in Canada-listed Avanti Gold via a share swap arrangement, acquiring 44.5 million common shares in Avanti in consideration for the issue of 72.9 million Toubani shares and 36.45 million Toubani options at an exercise price of AU$0.60, expiring three years from the date of issue, according to a Monday Australian bourse filing.The company said the closing of the transfer of Avanti shares to Toubani will occur no later than July 20.Avanti is a gold exploration company owning 73.5% of the Misisi gold project in the Democratic Republic of Congo, comprising 133 square kilometers of granted mining licenses and containing the Akyanga deposit.Toubani's shares rose 3% in recent Monday trade.

ASX:TRE
Asia

Toubani Resources Says Infill Drilling at Mali Project Returns High-Grade Gold Mineralization

Toubani Resources (ASX:TRE) said pre-production infill drilling at its Kobada gold project in southern Mali continued to return high-grade gold mineralization, according to a Tuesday filing with the Australian bourse.The latest results include 72 meters at 2.27 grams per tonne grade of gold from 92 meters; 53 meters at 3.67 g/t from 87 meters; 20 meters at 4.58 g/t from 198 meters; 61 meters at 1.80 g/t from 183 meters; 31 meters at 3.12 g/t from 187 meters; and one meter at 86.5 g/t from 17 meters, among other intersects.A mineral resource estimate update for the project is due to start in the third quarter, with the start of mining activities planned for early 2027, per the filing.Toubani Resources shares fell 1% in recent Tuesday trade.

ASX:TRE
Asia

Toubani Resources Advances Earthworks Activities at Mali Gold Project

Toubani Resources (ASX:TRE) said it is advancing construction through bulk earthworks at its Kobada gold project in Mali, according to a Wednesday filing with the Australian bourse.The project's water storage dam and turkey's nest are on track for completion in the coming weeks, and the project remains on schedule to deliver first gold production in the third quarter of 2027, the company said.Clearing of the airstrip and permanent camp areas started last month, Toubani said, adding that initial equipment for the project has arrived in Mali and further shipments are in transit.The company's shares gained 1% in recent Wednesday trade.

ASX:TRE
Asia

Toubani Resources Secures Over $73 Million Financing Commitment for Mali Gold Mine

Toubani Resources (ASX:TRE) has secured a $73.3 million senior secured project finance commitment led by Coris Bank International's Mali unit to fund construction of its Kobada gold mine in Mali, subject to regulatory approvals and final documentation, according to a Friday Australian bourse filing.The debt forms part of a broader financing package that also includes a planned $10.2 million mezzanine facility currently being finalized and a gold streaming arrangement with Eagle Eye Asset Holdings, per the filing.The company is working with lenders to finalize documentation and optimize its funding structure, supported by a strong cash position of AU$124.2 million as of March 31, which provides added financial flexibility for development, the filing added.

ASX:TRE
Asia

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

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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