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 5:12pm

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Post# 18984482

OSC have some explaining to do

I'm failing to understand why the OSC took action today when the only thing that has changed since the Muddy Waters report is an acknowledgement that the investigative report is taking longer than expected. The only suggestion I have heard on why they acted today is that Sino Forest management has not been as upfront and cooperative with the OSC investigators as they would like. Perhaps we'll hear something from management next week.

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