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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Comment by sandmarkon Aug 28, 2011 8:39pm

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Post# 18988037

RE: loan repayment

Rio Tinto Minerals had four executives jailed for fraud in China last year. They apparantly accepted 'normal' payment of bribes and when Rio didn't sell $20 billion in share to Chinalco, they arrested them and put them in jail. RTM still have considerable business and respect in China. Those with fraud go to jail. The question is if there are legal assets owned by the corporation. Who cares about a couple of executives. Rio fired them immediately on conviction.

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