Toubani Resources has announced plans to complete up to 100,000m of drilling at the Kobada Gold Project in southern Mali.
The project contains 2.2 million ounces (moz) of mineral resources, spanning a 4.5km strike length that is mainly oxide and able to be mined using an open pit.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
This initiative includes 60,000m of reverse circulation (RC) drilling to expand the resource base and 40,000m of air core drilling to explore regional targets.
The programme also involves additional diamond core drilling to assess high-grade mineralisation beneath Kobada and other targets.
Kobada’s current mineral resource estimate (MRE) is set to be updated with results from recent drilling activities in the first half of 2026 (H1 2026).
Recent diamond drilling has intersected high-grade zones of mineralisation below and outside the existing estimate, with notable intersections including 1m at 116 grams per tonne (g/t) gold, 1.7m at 97.4g/t gold, 1.3m at 13.6g/t gold and 2.3m at 11.7g/t gold.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalDataToubani is reviewing drilling results to generate targets for further testing of fresh rock mineralisation at Kobada.
New zones of near-surface oxide mineralisation have been identified outside the current estimate, with significant findings such as 7m at 9.43g/t gold, including 1m at 55.2g/t.
The RC drilling results have facilitated the confirmation of infrastructure layouts ahead of the expected issuance of the environmental permit for Kobada.
Additional results from RC drilling are anticipated in the coming weeks, with ongoing updates expected throughout 2026.
Toubani managing director Phil Russo said: “Following the establishment of a substantial near-surface oxide gold MRE in 2024 – largely classified within the high-confidence Indicated category – we have now generated new drill intersections that will be incorporated into an upcoming MRE update.
“This is expected to grow our oxide ounces while adding further fresh inventory. I am confident this will mark the first of several increases to the Kobada MRE as we advance an intensive, systematic exploration programme across our regional prospects and test the 50km of known mineralised structures at Kobada.”
In October 2025, Toubani secured a A$395m ($258m) package to fully fund the construction of its Kobada Gold Project.
