Toubani Resources Secures Over $73 Million Financing Commitment for Mali Gold Mine

MT Newswires Live

May 15

Toubani Resources (ASX:TRE) has secured a $73.3 million senior secured project finance commitment led by Coris Bank International's Mali unit to fund construction of its Kobada gold mine in Mali, subject to regulatory approvals and final documentation, according to a Friday Australian bourse filing.

The debt forms part of a broader financing package that also includes a planned $10.2 million mezzanine facility currently being finalized and a gold streaming arrangement with Eagle Eye Asset Holdings, per the filing.

The company is working with lenders to finalize documentation and optimize its funding structure, supported by a strong cash position of AU$124.2 million as of March 31, which provides added financial flexibility for development, the filing added.

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