Toubani Resources Limited has initiated a high-impact diamond core drilling program at its Kobada Gold Project in southern Mali. The company is embarking on a 5,000‐meter drill campaign focusing on extending mineralisation below the current Mineral Resource Estimate of 2.2 million ounces. Historically, the project’s exploration has predominantly targeted near-surface oxide mineralisation—averaging depths of 110 meters—making the new deep drilling initiative a significant step in examining down-dip and down-plunge mineralised extensions. The drilling program will not only aim to expand the resource inventory but also to gather critical geotechnical and hydrological data. This data collection is key to refining the final pit design and optimizing infrastructure placement. Several drillholes have been specifically designed using oriented triple-tube core methods, ensuring that structural details such as joint sets, faults, and veining are accurately recorded and assessed. These efforts are part of a broader push towards finalizing the project’s readiness with an anticipated Final Investment Decision by the end of 2025. A complementary shallow reverse circulation drilling program is also planned later this year, targeting additional near-surface oxide mineralisation to further enhance the production profile. Strengthening the technical case, the announcement references impressive historical intersections, with some drillholes returning high-grade results at depth—like 9 meters at 21.0 g/t gold and 3 meters at 33.9 g/t—from previously unexplored depths. These technical indicators, along with extensive previous resource delineation work from 2024 and detailed breakdowns in mineral resources and ore reserves, underpin the company’s strategy to extend the life of the mine and improve cost efficiencies throughout development and production. Bullish sentiment is fostered by the potential for significant resource expansion and the comprehensive technical approach that could lead to an extended mine life and improved production outlook. Investors may view the initiation of deeper drilling as a forward-thinking move to unlock hidden value within the project. Conversely, bearish concerns might arise from the inherent risks of deep drilling programs, where challenging technical conditions and the need for additional approvals could lead to delays or require further capital expenditure. As such, while the project’s progress is encouraging, the success of the deeper targets remains to be proven.