Summary

Mine Type	Open Pit
Study Completed	Feasibility
Stage	Permitting
Commodities	Gold
Mining Method	Truck & Shovel / Loader
Project Timeline	...
Mine Life	...
Snapshot	Kobada is a large gold system in a prolific gold district with numerous near-surface targets with potential for expansion, thanks to soft, free-dig oxide ore. Permitting activities, including an update to the previously approved Environmental and Social Impact Assessment (ESIA) and the Resettlement Action Plan (RAP), are in progress.
Latest News	Toubani Resources names Ausenco as EPCM contractor for Kobada gold project     October 30, 2025

Deposit type

• Saprolite
• Vein / narrow vein
• Laterite

Summary:

The Kobada Gold Project is located in the Bagoe formation on the north-central edge of the Birimian rock units that form part of the Man-Leo Shield in the southern part of the West African Craton. The Man-Leo Shield is composed of the Kénéma-Man domain in the southwest, and the Proterozoic Baoulé-Mossi domain in the remainder of the shield area. The Baoulé-Mossi contains relics of Archaean rocks and the Paleoproterozoic Birimian formations. The Birimian consists of narrow elongated belts of mainly epi-metamorphosed volcanosedimentary formations deformed by a number of regional events. Regional metamorphism reaches greenstone facies with amphibolite facies restricted to the intrusive granitoids contact.

The Project is situated on the western flank of the Bougouni Basin, which is composed primarily of sedimentary rocks with minor tholeiitic volcano-sedimentary intercalations. The Bougouni Batholith appears approximately 25 km northeast and southwest of the Project area. Gold at Kobada is present in the laterite, saprolite and quartz veins. The terrain is intensely lateritised, with large laterite plateaus covering most of the area. The underlying saprolite is exposed below the plateau boundaries.

The veins occur as quartz-carbonate veined mesothermal, orogenic gold hosted within a greenstone belt. They are located in arenites affected by a geological structure that is oriented northeast along the border of an intermediate intrusive that has basic components.

The saprolite shows slight variations from what is now a clay (mudstone precursor) to a fine silty clay (fine siltstone precursor), which are slates and phyllites. There are no marker horizons, and no sedimentary features are preserved. The deformation intensity of these metasediments is moderate. Regional foliation is moderate and often not recognised in the saprolite, while the laterite horizon is typically 3–4 m thick and generally presents a stark contrast to the saprolite.

The Project comprises an extensive strike area of 8 km and includes the Kobada and Foroko deposits. Kobada is further defined by south, central and northern areas which represent statistically similar gold populations within broad shear zones 5–50 m thick. Interpretations were generally supported by drilling fences 20 m to 40 m along strike and 20 m down dip in the centre of the deposit, ranging to 80 m centres in extensional drilling.

The Project is located in the Bagoe Formation on the north-central edge of the Birimian rock units that form part of the Leo Rise in the southern part of the West African Craton. The Project is situated on the western flank of the Bougouni Basin, composed primarily of sedimentary rocks with minor tholeiitic volcanosedimentary intercalations. The Kobada gold deposit is a quartz-carbonate veined mesothermal orogenic gold deposit hosted within a greenstone belt. Gold is present in the laterite, saprolite, unaltered rock as sulphides, and in the quartz veins. Placer-style deposits occur and have largely been exploited by artisanal miners. Mineralisation extends for a minimum strike of 4 km and is associated with narrow, irregular, high-angle quartz veins and with disseminated sulphides in the wall rock and vein selvages. Mineralisation occurs as free gold, whereas in sulphides mineralisation includes the occurrence of arsenopyrite, pyrite and rarely chalcopyrite. Arsenopyrite is localised near vein selvages and as fine-grained disseminated patches within the host rock. Pyrite occurs in finely disseminated patches within the host rocks, generally as traces up to 3 % by volume with up to 10 % locally in the wall rock at centimetre-scale intervals adjacent to the quartz veins.

Dimensions
Mineralised domains at the Kobada deposit extend over a 5.25 km NNE–SSW strike length. Lode thicknesses for the main shear-hosted mineralisation average 30–40 m in width and hangingwall/footwall veins are 1–15 m in true thickness.

Mineralised domains at the Foroko deposit extend over a 2.7 km north–south strike length. Lode thicknesses are highly variable and range from 1 m to 10.8 m in true thickness.

Mineralisation exists from surface and currently extends 340 m from natural surface.

Mining Methods

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Comminution

Crushers and Mills

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Processing

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Commodity Production

Operational metrics

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Personnel

Job Title	Name	Profile	Ref. Date
.......................	.......................		Mar 3, 2025
.......................	.......................		Mar 3, 2025

Total Workforce	Year
......	2021