Toubani Appoints Corica for Kobada Mining Operations

Corica Wins Kobada Mining Contract After Rigorous Tender

Toubani Resources (ASX:TRE) has appointed Corica Mining Services S.A as the mining contractor for its Kobada Gold Project in southern Mali, marking a significant milestone in the project’s path to production. Corica, a seasoned West African contractor with over two decades of regional experience, secured the contract following an extensive tender process.

The initial contract term is five years, with equipment orders already placed and mobilisation of the mining fleet planned for the fourth quarter of 2026. Toubani anticipates first ore to be delivered to the run-of-mine (ROM) pad by the second quarter of 2027, aligning with the scheduled commissioning of the processing plant.

Corica’s Regional Footprint and Operational Scale

Corica Mining Services operates across seven West African countries and currently supports major ASX and TSX-listed mining companies. With a workforce exceeding 3,500 and a fleet of 1,250 units, Corica maintains a strong local presence, particularly in Mali where it complies fully with local regulations. Its ongoing contracts include mining services at the Goulamina Lithium Project and Baboto Operations, which encompass the Loulo mine.

The partnership with Corica is expected to leverage this extensive experience to streamline Kobada’s transition from development to production, enhancing operational reliability and local engagement.

Project Advancement and Schedule Confidence

Phil Russo, Managing Director of Toubani, emphasised the strategic importance of the appointment: “Partnering with a highly experienced and proven mining contractor like Corica strengthens Kobada's path to production, and we look forward to building a long-term relationship together.”

This development dovetails with Toubani’s ongoing construction progress, which includes bulk earthworks and infrastructure build-out supported by a committed financing package. The company remains on track to meet its development schedule, targeting first gold production in the latter half of 2027.

With a 2.2 million ounce mineral resource predominantly oxide and open pittable, Kobada is positioned as a significant new gold development in West Africa. The Corica contract is a critical step in translating this resource into operational output.