Toubani Resources Limited
Climate Impact & Sustainability Data (June 2024)
Reporting Period: June 2024
Environmental Metrics
Climate Goals & Targets
Long-term Goals:
- Potential commencement of development by the end of 2025 (subject to finance and finalising the Convention Agreement)
Medium-term Goals:
- Development decision on Kobada in 2025
Short-term Goals:
- Completion of the updated DFS in H2 CY24
Environmental Challenges
- Operating in Mali (inherent risks in operating in parts of Africa, including changes to regulations and governments)
- Grade distribution and mining schedule (understanding grade distribution will be critical for mining operations)
- Costs (cost control will be important)
- Funding (obtaining project financing will be a key step)
Mitigation Strategies
- Proactive engagement with the Government of Mali on the 2023 Mining Code
- Bulk, low unit cost operation to mitigate potential issues with grade distribution
- Focus on cost control
- Project financing will be partly determined by the outcomes of the current DFS, as well as prevailing market conditions