Toubani Resources Limited announced the following changes to its Board of Directors and study management team to drive the delivery of the Definitive Feasibility Study for the Kobada Gold Project in southern Mali. Toubani has appointed Matt Wilcox to its Board of Directors as Non-Executive Director, effective immediately. Mr. Wilcox is highly experienced across the gold mining industry, particularly in West Africa.

He was previously the Chief Executive Officer at Tietto Minerals Limited where he oversaw the design, construction, commissioning and operation of the Abujar Gold Mine before being acquired by Zhaojin Capital for A$750 million in May 2024. Mr. Wilcox also led the construction of West African Resources Sanbrado Gold Mine, completed in March 2020, ahead of schedule and under budget. Prior to West African Resources, Mr. Wilcox spent eight years in senior management roles for Nord Gold, where he led the construction of the 4Mtpa Bissa Gold Project and 8Mtpa Bouly Gold Project, both in Burkina Faso.

He was also the General Manager for the 6Mtpa Lefa Gold Project in Guinea, and Project Director for construction of the 12Mtpa Gross Gold Project in Siberia, Russia for Nord Gold. In conjunction with the appointment of Mr. Wilcox, Toubani has appointed current Non-Executive Director, Scott Perry as Non-Executive Chairman, effective immediately. Current Non-Executive Chairman, Danny Callow, will move to Non-Executive Director.

Following the above appointments, the Toubani Board will consist of Scott Perry as Non-Executive Chairman, Matt Wilcox, Danny Callow and Tim Kestell as Non-Executive Directors, and Phil Russo as Executive Director and Chief Executive Officer.