Tiger Brokers

Toubani Resources Receives Key Environmental Approvals From Malian Authorities for Gold Project; Shares Jump 10%

MT Newswires Live
Jan 27

Toubani Resources (ASX:TRE) said it received approvals for the environmental and social impact assessment, the resettlement action plan, and the water extraction permit from authorities for the Kobada gold project in Mali, according to a Tuesday Australian bourse filing.

The approvals will allow the company to receive the final environmental permit for the project, which will allow it to start site works such as clearing and earthworks.

Contracts, including the appointment of a logistics partner and bulk earthworks contractor, have been awarded, the filing said. Long lead items such as the ball mill, mineral sizer, carbon-in-leach tank plate work, and structural steel have been ordered and are on track for delivery.

Toubani Resources' shares climbed almost 10% in recent trading on Tuesday.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10