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 FmrAnalyston Aug 26, 2011 9:26am

606 Views

Post# 18981775

Calm Down Everyone

Do you know how many times I've seen this action threatened or taken? It's clear that the OSC were not happy with the delays in the investigative reporting so they have done all that they have the teeth to do and that is halt the trading for 30 days. Sino Forest now has thirty days to get the report done in order to keep the halt from being reapplied. Their lawyers can also attempt to cut a deal with the OSC by providing some security etc. I'm guessing this halt is more about the frustrations the investigators have had in dealing with Sino Forest management than any real evidence.

Bullboard Posts

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