Toubani Resources Ltd T.TRE

Primary Symbol: TOUBF

Metals & Mining Gold

Toubani Resources Ltd is an Australia-based exploration and development company. The Company is focused on advancing gold development projects with its oxide dominant Kobada Gold Project. The Kobada Gold Project is located in southern Mali, approximately 125 kilometers (kms) on a straight-line south-southwest of the capital city, Bamako, and is situated adjacent to the Niger River and the international border with Guinea. The Kobada Gold Project is based on one mining exploitation permit (Kobada) of 136 square kilometers (km2) and two exploration permits (Faraba and Kobada Est) of 77 km2 and 45 km2. The Kobada main deposit hosts 2.4 million ounces (Moz) of predominantly free-dig, oxide gold over a strike extent of 4.5 kilometers, which is also open at depth with mineralization open down dip. Toubani Resources Mali SARL is the wholly owned subsidiary of the Company.

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Toubani Resources Ltd

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Post by agoldbloomon Jun 18, 2011 9:10am

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Post# 18732963

Tough article to read...

I still wish they wouldn't quote anonymous sources and low level gov't officials. It appears that doing business in China is quite the messy job. They do have an asset bubble happening in many avenues of their economy and it appears that timber is included in that. I love when the quote the Genge official who admits that they feel that they got ripped off on the price the sold the timber to Sino....hardly a reliable source. Anyways, the article can be pretty damning at times.

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Investors eye Australian gold mining projects amid promising developments