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ASX:TRE

3 stories mentioning ASX:TRE

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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.

ASX:TRE