TRE - Toubani Resources

Toubani Resources Inc. is a Canadian minerals exploration company with a focus on exploring and developing a gold platform in West Africa, particularly its 100% owned Kobada gold project located in southern Mali (Kobada Gold Project), which is in an advanced state of development with the Company commissioning an updated feasibility study which was completed on 29 September 2021 (Feasibility Study).

The Company is listed on the TSX-V with a market capitalisation of approximately C$10 million.

Kobada Gold Project
The Kobada Gold Project is an advanced stage development project located in southern Mali, approximately 126km south-southwest of the capital city, Bamako, and is situated adjacent to the Niger River and the international border with Guinea.

The Kobada Project holds a multi-million-ounce gold Mineral Resource estimate of 1,711 koz @ 0.86 g/t Au (Measured and Indicated Mineral Resource) plus 1,433 koz @ 1.06 g/t Au (Inferred Mineral Resource) and a total Proved and Probable Ore Reserve estimate defined as 45.03 million tonnes of ore at 0.87 g/t Au.

The Feasibility Study outlined an average gold production profile of 100,000 oz over the first 10 years (life of mine at 16 years), while delivering strong economics with pre-tax NPV at 5% of US$506 million and an IRR of 45%.*

It is anticipated that TRE will list on the ASX during October 2022.


* Refer to Section 2.5 (Summary of the Definitive Feasibility Study) for further details, including the underlying assumptions. The results and forward looking information derived from the Definitive Feasibility Study are based exclusively on the Ore Reserves for the Kobada Project.

For @Sean K sourced from IPO documents.



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Patience pays. Break-out > 0.15 followed by BO >0.21.

Toubani, a chicken feed stock valued at 30mill, may well get a kick on from the reported Mali govt resultion of issues with Barrick Gold.
Have ataken a small interest in it just in case.
Mick

Added a few more today as it came back a bit.
Mick

Bought some more today , this stock just seems like it will be gold mine (excuse the pun).
I know that the screenshot below is just an investor presentation, but even if you take the worst case scenario, its good.
A capex setup cost of $USD216 is chicken feed, so lets double it to 400mill just in case, and the AISC is actually closer to 1500 instead of 1004, and we assume that gold does not go above 2600 an ounce, over the life of the mine it will generate just shy of 900mill post tax cash flow.
For a 30 mill company, that is pretty good numbers.
Its mostly oxide and close to the surface, so strip ratios should be low.
i expect it will be taken out by a larger player comfortable with Mali .
Its not big enough for Barrick Gold, and perhaps for B2 Gold, but may fit into plans by RSG, despite the recent kidnap extortion of its local boss.
It still had 8.5mill in Cash as at Dec 2024, so a cap raisng should not be on the horizon soon.




Mick

mullokintyre said:

Bought some more today , this stock just seems like it will be gold mine (excuse the pun).
I know that the screenshot below is just an investor presentation, but even if you take the worst case scenario, its good.
A capex setup cost of $USD216 is chicken feed, so lets double it to 400mill just in case, and the AISC is actually closer to 1500 instead of 1004, and we assume that gold does not go above 2600 an ounce, over the life of the mine it will generate just shy of 900mill post tax cash flow.
For a 30 mill company, that is pretty good numbers.
Its mostly oxide and close to the surface, so strip ratios should be low.
i expect it will be taken out by a larger player comfortable with Mali .
Its not big enough for Barrick Gold, and perhaps for B2 Gold, but may fit into plans by RSG, despite the recent kidnap extortion of its local boss.
It still had 8.5mill in Cash as at Dec 2024, so a cap raisng should not be on the horizon soon.


View attachment 195182

Mick

Click to expand...

Looks cheap on the surface of it. When I first looked at it I thought the grade was too low, but there's other .9g/t type things going OK.

Should be a big year for them with the potential additional growth and de-risking before FID mid year.

It's probably depressed because of the Mali risk. Not sure how that's going to be overcome quickly. RSG are still 60% off their highs. Maybe when there's some better news and the likes of RSG break up this will follow.