** Shares of Toubani Resources TRE.AX rise as much as 17% to A$0.31, their largest intraday pct gain since October 10

** The gold explorer says drilling activities at its Kobada project in Mali have not been interrupted, and continue as planned

** Adds co's licence for project remains in "good standing", while discussions with Malian authorities to complete the necessary investment framework for project also advancing

** Co refers to recent media reports on restrictions in fuel supply and general security situation in the country in its project update

** Stock up 80.9% YTD, including the day's moves

(Reporting by Nikita Maria Jino in Bengaluru)

((Nikita.Jino@thomsonreuters.com;))