Toubani Resources has initiated construction works at the Kobada Gold Project in southern Mali.

Construction began following the Toubani Board of Directors' recent final investment decision, which was made after achieving crucial project milestones.

These moves included establishing an investment protocol with the State of Mali and obtaining necessary permits for environmental, resettlement and infrastructure aspects.

The commencement of earthworks was marked by a gathering of traditional and local chiefs from nearby villages, overseen by Toubani's development team.

The initial phase of construction will concentrate on bulk earthworks for the process plant, tailings storage facility, water dam and accommodation facilities.

These efforts are in preparation for laying the first foundations, which is expected in the next quarter.

So far, nearly 40% of the capital cost for the project has been allocated.

Additionally, shipment of essential equipment has begun, with materials needed for constructing the carbon-in-leach (CIL) tanks expected to arrive at the site shortly. These preparations are aimed at facilitating the erection of the CIL tanks.

The company expects gold production to commence in the third quarter of 2027 (Q3 2027).

Toubani Resources managing director Phil Russo said: “Breaking ground is an important milestone for the company and marks the transition from detailed preparation and planning into the next phase of development.

“While this moment reflects the significant work already completed, it also signals the start of a great deal of work ahead as we move forward with great momentum at Kobada, underpinning our vision to build the next leading gold producer in West Africa.”

In January 2026, the company announced plans to complete up to 100,000m of drilling at the project.