Mali: Increase in mineral resources of the kobada gold project
The Kobada gold project, located in Mali, has seen its indicated mineral resources increase by 30% compared to the 2023 estimate. This announcement, made on July 2 by Toubani Resources, the owner of the project, states that Kobada now hosts 2 million ounces of indicated gold resources.
This new estimate results from the use of data from 120 reverse circulation drill holes conducted this year. These data have been supplemented by 39 diamond drill holes conducted in 2020, which had not been included in previous estimates.
The significant increase in indicated mineral resources strengthens Kobada’s position as a key project for Toubani Resources. It also paves the way for greater development opportunities and could attract more investment in the mining sector of Mali.
With this increase in mineral resources, Toubani Resources is well-positioned to continue the development of the Kobada project. The next steps will likely include more detailed feasibility studies, environmental assessments, and potentially the establishment of large-scale mining operations.
