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 cosmicman46on Jul 06, 2011 2:18pm

261 Views

Post# 18802230

I don't think

that people realize how business is done in China. Yes they have rules and laws , but no effective court system to enforce the laws. So outside of the big cities business is done according to the customs and history and ruling party leaders of the area. That is why you will see such convoluted deals done. Everyone gets a payoff. I belive that TRE has a good business there but explaning it might be very difficult. Thats why the hold back of what we in the west expect of information.

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