Mining

Mali: Expected Mineral Resources of Kobada Gold Project Increased

Mali: Expected Mineral Resources of Kobada Gold Project Increased
Thursday, 04 July 2024 18:26

Kobada, a key project in Mali, is set to increase the country's gold output in the coming years. Initially projected to deliver 1.2 million ounces over 16 years according to a 2021 study, recent exploration results suggest even higher potential

As of July 2, Toubani Resources announced a 30% increase in indicated mineral resources at the Kobada gold project compared to the 2023 estimate. The project now hosts 2 million ounces of gold in indicated mineral resources.

The updated figures were derived from data obtained this year, including 120 reverse circulation drill holes and 39 diamond drill holes completed in 2020 that were previously unusable. This new estimate will be included in the updated feasibility study due in September. Current forecasts still show Kobada delivering 1.2 million ounces over 16 years.

Mali, Africa's third-largest gold producer, can maintain and potentially enhance its status with untapped deposits like Kobada. The increased resources at Kobada confirm the project's potential to boost Mali's gold production in the coming years.

On the same topic
Sonatrach has launched commercial production of ethanol-blended gasoline at its Augusta refinery in Italy. The move aligns with the group’s...
Ghana regulator says it will keep minimum retail fuel price floor Policy aims to maintain stability in debt-laden downstream sector Authority warns...
Nigeria signs MoU with AD Ports to explore port, logistics investments Deal follows UAE partnership, aiming to boost Nigeria’s regional trade...
Iamgold plans $165 million investment at Essakane gold mine in 2026 Funds target maintenance, waste stripping and new pit mining Production...
Most Read
01

Togolese banks provided 16.2% of WAEMU cross-border credit by September 2025 Regional cross...

Togo accounts for 16.2% of cross-border bank financing in WAEMU
02

Nigerian fintech Paystack launches Paystack Microfinance Bank Bank created after acquiring ...

Stripe-Owned Paystack Enters Nigerian Microfinance Banking Via Acquisition
03

Microfinance deposits in Togo increased by CFA11.9 billion, a 2.7% rise in the second quarter of 2...

Microfinance: Deposits in Togo Rise 2.7% in Second Quarter of 2025
04

Nigeria granted Amazon Kuiper a seven-year license starting February 2026 The move opens comp...

Amazon wins approval to enter Nigeria’s satellite internet market
05

Tether partnered with the United Nations Office on Drugs and Crime to strengthen digital asset cyb...

Tether and UNODC Launch Digital Asset Cybersecurity Initiative in Africa
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.