Toubani Resources has reported high-grade RC drilling at Foroko, a satellite deposit 3km from the Kobada processing plant in Mali. The results are sufficient for Foroko to be considered in an October Mineral Resource Estimate update, but no additional ounces have yet been declared.
- 28m at 8.86g/t gold, including 3m at 61.2g/t
- 12m at 12.1g/t gold, including 4m at 24.9g/t
- 108-hole, 19,138-metre Foroko drilling programme
- Mineralisation delineated over a 2.5km strike length
- Ore Reserve and mine plan update planned for Q4 2026
Toubani Resources Limited (ASX:TRE) has struck some of its strongest reported gold intervals at Foroko, with drilling returning 28 metres at 8.86 grams per tonne gold, including 3 metres at 61.2g/t. A second hole delivered 12 metres at 12.1g/t, including 4 metres at 24.9g/t, sharpening the case for the satellite deposit to contribute to the nearby Kobada operation.
Foroko Results Support Resource Inclusion
The results come from a 108-hole, 19,138-metre resource delineation programme. Toubani says drilling has now delineated mineralisation along a 2.5km strike length at Foroko, allowing the area to be considered for inclusion in the Kobada Mineral Resource Estimate update targeted for early October 2026.
Other standout intersections included 6 metres at 13.3g/t and 10 metres at 10.4g/t, including 1 metre at 74.0g/t; 1 metre at 32.4g/t and 1 metre at 65.5g/t in another hole; and 3 metres at 20.0g/t. The company said the highest grades are associated with veining and may indicate structural controls that can be modelled more precisely as follow-up drilling progresses.
Near-Plant Oxide Feed Is the Strategic Prize
Foroko sits 1 to 2km north-east of the Kobada Main deposit and 3km from the processing plant, which is under construction with first gold scheduled for the third quarter of 2027. Toubani plans to assess Foroko as a potential ore source either alongside Kobada mining or as a standalone opportunity that could add project life.
That proximity could give the results operational relevance beyond their headline grades, particularly because Kobada is described as predominantly oxide and open pittable. Still, the announcement does not yet add Foroko ounces to the project inventory. The reported intervals are downhole lengths, not calculated true widths, and the existing Kobada resource remains 2.20 million ounces from 78 million tonnes at 0.88g/t.
MRE and Mine Plan Decisions Ahead
Once the resource update is completed, Toubani expects to update the Ore Reserve estimate and mine plan in the fourth quarter of 2026. The company says that work will support pre-production planning ahead of targeted mining commencement in early 2027, while drilling continues at Gosso and Kobada South and aircore drilling tests for southern extensions to Kobada Main.
Bottom Line?
The October resource update is the key test: high-grade intervals must translate into mineable, oxide-classified tonnes before Foroko can materially alter Kobada’s production plan.
Questions in the middle?
- How many additional tonnes and ounces, if any, will Foroko contribute to the October resource estimate?
- Do the high-grade zones have sufficient continuity and true width to influence the Ore Reserve and mine plan?
- Can Foroko provide practical early-stage feed without disrupting the planned Kobada mining sequence?