Toubani Launches Record 100,000m Drilling Campaign to Unlock Kobada’s Gold Potential

A Landmark Drilling Campaign

Toubani Resources Limited (ASX, TRE) has announced an ambitious drilling program at its Kobada Gold Project in southern Mali, marking the largest single-year campaign in the project's history. The company plans to complete up to 100,000 metres of drilling throughout 2026, a significant step aimed at expanding the known gold resources and advancing the project towards production.

The program is split between 60,000 metres of reverse circulation (RC) drilling focused on near-surface oxide mineralisation expansions and 40,000 metres of aircore drilling designed to test regional targets along known mineralised corridors. Complementing these efforts, diamond core drilling will continue to probe for high-grade mineralisation at depth, an area historically underexplored at Kobada.

Encouraging Results from 2025 Drilling

Recent drilling results from 2025 have delivered promising high-grade gold intersections beyond the boundaries of the current Mineral Resource Estimate (MRE), which presently stands at 2.2 million ounces predominantly in oxide material. Notable diamond core drill intercepts include exceptional grades such as 1 metre at 116 grams per tonne (g/t) gold and 1.7 metres at 97.4 g/t gold, highlighting the potential for fresh rock mineralisation below the existing resource.

RC drilling has also identified new near-surface oxide zones with significant grades, including 7 metres at 9.43 g/t gold, which could extend the open-pittable resource and lengthen the mine life. These results are currently under review and will feed into an updated MRE expected in the first half of 2026, anticipated to reflect resource growth both in oxide and fresh rock categories.

Strategic Exploration and Project Development

Managing Director Phil Russo emphasised the dual-track exploration strategy, combining surface and depth drilling to systematically unlock Kobada's full potential. The 2026 drilling campaign will also test regional prospects such as Foroko, Gosso, and Kobada West, which have shown mineralisation in prior drilling, aiming to build a robust pipeline of development targets.

Importantly, the drilling results have supported infrastructure planning, with RC drilling helping to confirm layouts ahead of the imminent issuance of the Environmental Permit. This regulatory milestone is critical as Toubani moves forward with project construction, aligning exploration success with development readiness.

Outlook and Market Implications

The Kobada Gold Project sits within a prolific West African greenstone belt, hosting a substantial resource base with open-pittable oxide mineralisation. The ongoing drilling program and forthcoming resource update position Toubani to potentially increase its gold inventory, which could enhance project economics and attract further investment interest.

While true widths of mineralisation remain to be confirmed, the consistent high-grade intersections and broad mineralised zones provide a strong foundation for resource growth. The market will be watching closely for the updated MRE and subsequent drilling results, which will clarify the scale and quality of Kobada's resource expansion.